WARNING: Do not read this on a full stomach, as you might become physically sick.
Corporate Research Project – by Philip Mattera
The financial octopus known as Citigroup is the result of the marriage of one of the country’s oldest and most powerful commercial banks (Citibank) and a conglomerate (Travelers Group) created by Sanford Weill to promote and exploit the weakening of federal rules governing the financial sector. During the 2008 credit crisis, a struggling Citigroup had to be bailed out by the federal government, which ignored calls for its breakup and aside from some multi-million-dollar regulatory settlements did little to curb its aggressive practices. Continue reading “Citigroup: Corporate Rap Sheet”

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