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Re: Citigroup to Pay $1.13 Billion to Settle Mortgage Securities Claims

By: killthecat in FFFT | Recommend this post (0)
Tue, 08 Apr 14 4:14 AM | 49 view(s)
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Msg. 62748 of 65535
(This msg. is a reply to 62745 by ribit)

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The breakdown of the $13 billion settlement with JPMorgan includes a $2 billion fine to prosecutors in Sacramento and $4 billion in relief to struggling homeowners in hard-hit areas like Detroit and certain neighborhoods in New York. The government earmarked the other $7 billion as compensation to federal agencies and state attorneys general across the country, including those in Illinois, New York and California. The California attorney general, Kamala Harris, is Mr. West’s sister-in-law.




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The above is a reply to the following message:
Re: Citigroup to Pay $1.13 Billion to Settle Mortgage Securities Claims
By: ribit
in FFFT
Tue, 08 Apr 14 3:42 AM
Msg. 62745 of 65535

ktc
...it will be handed out as 'punitive bonuses' for Ceo's.


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