WJLA ABC 7 News At 600 July 14, 2014
Is citigroup. The mortgage meltdown blamed for whats been known as the great recession. Rebecca cooper is live in the newsroom with what we learned about todays settlement. The settlement today still no executives have gone to jail, but the announcement was intended to send the signal that the Justice Department is still punishing and investigating bad behavior by banks that cost many homeowners their homes and the World Economy to crash. They admit they issued mortgages they knew people couldnt pay. They said that the subprime mortgages contributed to the Housing Market collapse in 2008 and t...