Is Citigroup’s $7 billion penalty a meaningful punishment?

Name: Is Citigroup’s $7 billion penalty a meaningful punishment?
Uploaded: 2014-07-14T23:42:36Z
Duration: P481S
Description: The Justice Department announced a $7 billion settlement with Citigroup over “egregious misconduct” related to mortgage securities in the lead-up to the financial crisis. Judy Woodruff gets details from Tony West, associate attorney general at the Department of Justice and the lead negotiator.

Clip: 07/14/2014 | 8m 1s

The Justice Department announced a $7 billion settlement with Citigroup over “egregious misconduct” related to mortgage securities in the lead-up to the financial crisis. Judy Woodruff gets details from Tony West, associate attorney general at the Department of Justice and the lead negotiator.

Aired: 07/14/14

Rating: NR

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Major corporate funding for the PBS NewsHour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by Consumer Cellular and American Cruise Lines. For a complete list of funders for the PBS NewsHour and PBS NewsHour weekend, click here.

Is Citigroup’s $7 billion penalty a meaningful punishment?

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