Wednesday, October 19, 2011

Citibank agrees to pay $285 million fine for selling toxic mortgage assets and BETTING AGAINST THEM. After taking $45 billion in TARP money. That's 0.0063%.

by 8string

I hope everyone (regardless of their political affiliations) finds this as grotesque as I do.
I bet the folks who've lost their homes would be happy to pay only 0.0063 of their mortgages off.......
source for tarp monies received:

source for fine:

This is completely unacceptable IMO.
edit : added link to fine article. edit 2: yes, I forgot to multiply by 100. Stupid mistake, posted to hastily, feel free to ridicule the math if it makes you feel better. :)

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