Yesterday we covered Greenspan's testimony before the Financial Crisis Inquiry Commission, which you can read here, here, here and here. Today it's Robert Rubin and former Citigroup CEO Chuck Prince.
Prince is one of the few who has apologized directly for his role in the failure of Citi, and he repeated his apology in testimony today. But that's merely a distraction from the important revelation that Citiroup lied to shareholders about it's subprime exposure. Seriously, Mary Schapiro, wtf do you do all day at the SEC besides scheme to get Mark Cuban?!?
When you tell the Street your exposure is $13 billion, and it's really more than $50 billion, then your arse deserves to sit in prison and be dressed in inmate orange.
Are there any federal prosecutors even paying attention?!?
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