DOJ Secures Another Billion Dollar Bank Settlement

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Another bank has agreed to pay big money to settle allegations over the sale of toxic mortgage-backed securities to investors. JP Morgan Chase came up with $13 billion; today it’s Citigroup with $7 billion. Attorney General Eric Holder says the bank concealed “serious defects” from its own investors. Ben Protess covers Wall Street and white-collar crime for the New York Times.

Credits

Guest:
Ben Protess - New York Times - @benprotess

Host:
Warren Olney

Producers:
Caitlin Shamberg, Evan George, Katie Cooper