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Strategies & Market Trends : Turnarund Investing

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Aug 1 5:00 PM EST

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From: bankbuyer	4/28/2012 5:13:03 PM
	1 Recommendation Read Replies (1) of 1876

He was with these guys for 12 years before C bought them. . "In 2000, Citigroup acquired Associates First Capital Corporation, which, until 1989, had been owned by Gulf+Western (now part of National Amusements). The Associates was widely criticized for predatory lending practices and Citi eventually settled with the Federal Trade Commission by agreeing to pay $240 million to customers who had been victims of a variety of predatory practices, including "flipping" mortgages, "packing" mortgages with optional credit insurance, and deceptive marketing practices. [40]" You cant make this stuff up. Lol

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