RSS Feed
October 20th, 2011 
FAKE NEWS for the Zionist agenda 
Edward Wyatt
New York Times
October 20, 2011
WASHINGTON — As the housing market began its collapse, Wall Street firms and sophisticated investors searched for ways to profit. Some of them found an easy method: Stuff a portfolio with risky mortgage-related investments, sell it to unsuspecting customers and bet against it.
Citigroup on Wednesday agreed to pay $285 million to settle a civil complaint by the Securities and Exchange Commission that it had defrauded investors who bought just such a deal. The transaction involved a $1 billion portfolio of mortgage-related investments, many of which were handpicked for the portfolio by Citigroup without telling investors of its role or that it had made bets that the investments would fall in value.
In the four years since the housing market began its steady descent, securities regulators have settled only two cases related to the financial crisis for a larger sum of money. This is also the third case brought by the S.E.C. accusing a major Wall Street institution of misleading customers about who was putting together a security and about their motive. Goldman Sachs and JPMorgan Chase Company both settled similar cases last year.
6 Responses to “Citigroup Ordered to Pay $285 million in Derivatives Fraud Complaint”
Leave a Reply
You must be logged in to post a comment.
Posted in 
Tags: 
Last year CitiGroup had $20.8 BILLION in revenues
$3.8 BILLION in profits
This amounts to $385 million in restitution and fines.
Do the math. That’s 10%.
There is no disincentive for them to continue to do this over and over.
UPDATE;
AFTER HEARING SOME CALLERS RESPOND TO THIS IDEA, AND ALEX’S REPORT THAT POLICE WERE INTERFERING WITH SHEEPEOPLE WHO TRY TO CLOSE THEIR ACCOUNTS MUST UNDERSTAND THAT ALL YOU NEED TO DO IS FIND THE CREDIT UNION OR COMMUNITY BANK YOU LIKE AND “GO INSIDE AND TELL THEM YOU WANT TO TRANSFER YOUR ACCOUNT AND “THEY” WILL DO ALL THE WORK! “YOU DO NOT HAVE TO GO TO YOUR BIG BOY BANK EVER AGAIN” !!
FOR THOSE OF YOU THAT SEE THIS IDEA WE WILL TRY AGAIN;
Hello,
After watching all the chickens with their heads cut off running around Wall St. and other venues we came up with this sure fire way to peacefully fight back if the gutless.spineless sheepeople will take 30 minutes out of their day to do this! I know, allot to ask right :-}
Anyway here goes; Anyone who has an account with the following; BANK OF AMERICA,WELLS FARGO,CHASE,CITI BANK,OR ANY OTHER BIG BANK,
Transfer their accounts to a local Credit Union, or local Community Bank in their town. In fact all CREDIT UNIONS and LOCAL COMMUNITY BANKS will handle the transfer for you, and in some cases offer you certain incentives for doing so. You don’t even need to return to your BIG BOY BANK to do this, and it will only take no more than 30 minutes.
People seem to have plenty of time camping out on the street, BUT NOTHING IS BEING ACCOMPLISHED! do something that will effect the BIG BOY BANKS BOTTOM LINE NOW,TODAY!
This idea must get out there. Make it a fun thing to do, have people who transfer their accounts join a list that other people can see, make it the cool thing to do, create a contest for the most people signed up on the “I FOUGHT BACK LIST” ETC.
I think you get the basic idea, but anyway you do it, DO IT! We must start to actually FIGHT BACK with tangible weapons instead of SHEEPEOPLE RUNNING AROUND LIKE ACID HEADS AT A ROCK CONCERT!
Can you imagine this catching on; I can see it now Millions of people transferring their accounts in a matter of weeks! A Glorious sight don’t you think?
So witch one of you FREEDOM FIGHTERS WILL HELP US GET THIS OFF THE GROUND? We need a venue of power that can help sponsor this movement, or Hell you guys can have all the credit if you need it, BUT THIS MUST GET OFF THE GROUND IN INTO REALITY!
Do you understand the benefits for infowars,Alex Jones, and most of all……………. the PEOPLE OF THE REPUBLIC?
THIS WILL WORK IF WE PUT OUR HEADS TOGETHER AND “FIGHT BACK”
PS: Please reply with your thoughts :-}
Thanks and God Bless
The Crew
Reply
By “The Crew,” do you mean you are representing Alex Jones and InfoWars/PrisonPlanet?
Payments for fine most likely came from “bail out money”.
It’s a sic joke..
Paying this fine must mean that they gained ab out $666,000 in income. Kind of like what the oracle of Omaha did when he paid a fine and made-off with hundreds of millions in stolen gain. Bob Chapman has mentioned this several times. So has Alex!