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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (104014)	12/16/2013 10:10:45 PM
From: TobagoJack	Read Replies (1) \| Respond to of 217543

i suppose there is a big difference between sanctioned vs unsanctioned financial crimes, making the difference of prosecution and no-prosecution

To: Haim R. Branisteanu who wrote (104014)	12/18/2013 7:13:14 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 217543

Reuters) - The Justice Department is preparing to file civil fraud charges against Citigroup Inc and Bank of America's Merrill Lynch unit over their sale of flawed mortgage securities ahead of the financial crisis, according to people familiar with the probes.Civil investigators have compiled evidence that allegedly shows that investors lost tens of billions of dollars after purchasing securities Citigroup had marketed as safe even though the bank had reason to believe otherwise, one person said. An investigation into the mortgage securities marketed by Merrill Lynch, which Bank of America agreed to acquire at the height of the crisis in 2008, is also close to completion, two other people said. reuters.com