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Politics, Philosophy and Economics Discuss world events, politics, philosophy and economics.

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Old 24th December 2008, 12:27 AM
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Ponzi citi

It looks like everybody is under suspicion now:
A new Citigroup scandal is engulfing Robert Rubin and his former disciple Chuck Prince for their roles in an alleged Ponzi-style scheme that's now choking world banking.

Director Rubin and ousted CEO Prince - and their lieutenants over the past five years - are named in a federal lawsuit for an alleged complex cover-up of toxic securities that spread across the globe, wiping out trillions of dollars in their destructive paths.
http://www.nypost.com/seven/12042008...iti_142511.htm
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Old 25th December 2008, 11:43 PM
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Re: Ponzi citi

More from a more prestigious source:

http://www.businessweek.com/bwdaily/...s+%2B+analysis
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