Relevant:
2012-08-30 — nytimes.com
``In a court filing on Wednesday, lawyers for the shareholders from the law firm Kirby McInerney acknowledged the difficulty of proving that the bank knowingly perpetrated fraud on its clients: "Rarely is there concrete direct evidence of fraudulent intent."
For Citigroup, as well as other Wall Street firms, the business of slicing apart and packaging mortgages and other loans into complex securities had been a lucrative and fast-growing business before the financial crisis. The bank underwrote some $70 billion in collateralized debt obligations from 2004 to 2008.''
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