Citibank

How Goldman Secretly Bet on the U.S. Housing Crash

McClatchy Washington Bureau Sun, Nov. 01, 2009 Greg Gordon | McClatchy Newspapers November 01, 2009 01:17:44 AM WASHINGTON — In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but never told the buyers it was secretly betting that a sharp drop in […]

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Matt Taiibi : Naked Short-Selling Caught on Video

Matt Taibbi True Slant Caught On Tape: A Naked Swindle Continuing with the theme of naked short-selling, I have a video that was given to me last week that will allow people to see how naked short-selling can take place. This video is only 31 seconds long and what it shows is a day-trader trying […]

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ShitiBank Appears To Have No Exit Strategy

DEALSCAPE Citigroup Inc. (NYSE:C) apparently doesn’t have an exit strategy to pay back the $45 billion in Troubled Asset Relief Program (TARP) funds the government gave it. Is this really a shocker? Earlier this week, Bank of America Corp. (NYSE:BAC) and Wells Fargo & Co. (NYSE:WFC) both discussed ways to eventually pay back their bailout […]

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