Citigroup to Pay $7 Billion Penalty
Citigroup has agreed to a $7 billion settlement for its corrupt practices contributing to the 2008 financial crisis. Apparently Citigroup will now avoid civil prosecution by the U.S. Justice Department.
Facing continued charges of corruption, exploitation, and mismanagement, Big Banks have been spending billions of dollars on advertising to persuade the public of the wisdom of opening traditional savings accounts and sinking money into CDs with almost no yield.