Citigroup Execs Face Grilling Over Risky Mortgages
(CNBC.com) — A panel investigating the roots of the financial crisis will press current and former executives of Citigroup at hearings this week about the bank’s role in spreading trillions of dollars in risky mortgage debt through the banking system.
The hearings are the first by the Financial Crisis Inquiry Commission to focus on a single company. Witnesses include former Citi CEO Chuck Prince and former Chairman Robert Rubin, who was Treasury secretary during the Clinton administration.
