Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Bankers Finally Punished! (Until You Look A Little Closer)
Posted
July 15, 2014
Views
37,532
Likes
936
Comments
92
Engagement
2.74%
July 15, 2014
37,532
936
92
2.74%
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6:06Now Playing"Ctigroup Inc. will provide $7 billion in cash and consumer relief to settle federal and state investigations into the sale of defective mortgage investments during the subprime housing boom, the Wall Street giant and federal officials said Monday.
California is among several states that will share in the settlement, which includes a record $4 billion in civil fines and $500 million in repayments for public pension fund and other losses, plus $2.5 billion in consumer relief.
Citigroup announced Monday that it will pay roughly $7 billion to settle a federal investigation into risky subprime mortgages,
Citi will pay California $102.7 million to offset losses in its public pension funds, according to Atty. Gen. Kamala Harris' office. California also is guaranteed at least $90 million in consumer relief, the most of any state."* The Young Turks host Cenk Uygur breaks it down.
*Read more here from Jim Puzzanghera & E. Scott Reckard / LA Times:
Sign this Petition & Support the 28th Amendment To #GetMoneyOut
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