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: Loan Modification & Home Loan News

Citi?s Ex-CEO Says, ?I?m Sorry?

By Moe Bedard

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WASHINGTON–Former Citigroup Inc. CEO Charles Prince apologized for his firm’s role in the financial crisis, suggesting bank executives were wholly unaware of the risks posed by collateralized debt securities on the firm’s books. “I’m sorry,” Mr. Prince said in opening his testimony before the Financial Crisis Inquiry Commission on Capitol Hill on Thursday.   Appearing alongside former Treasury [...]

Full post as published by Loan Modification & Home Loan News on April 08, 2010 (boomark / email).

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