Citigroup Settles $7 Billion Mortgage Probe - Presented by: The Aol. On Network

Citigroup is paying double for its mortgage trouble. The financial institution agreeing to pay $7 billion to settle a probe with the U.S. government over shoddy mortgage securities that helped fuel the financial crisis and the great recession. The settlement was twice as high as expected, but not as much as the $12 billion being sought by the Justice Department. Who gets what is an important part of the agreement, says U.S. Attorney General Eric Holder.



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