But today Citigroup agrees to pay $7 billions in fines for fraud. Where is the outrage against the executives who are surrendering so much stockholder money to avoid some well earned prison time?

Because of the bank's assertions that its "toxic financial products were sound,' Holder said Citi was able to pad its own financial position.

"They did so at the expense of millions of ordinary Americans and investors of all types, including other financial institutions, universities and pension funds, cities and towns and even hospitals and charities,' the attorney general said. "Ultimately, these investors suffered billions of dollars in losses when Citi's false and fraudulent claims came crashing down.'

Holder said the agreement does not "absolve' Citi or its employees from possible future criminal charges.