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Citigrup's Shameful About-Face on Mortgage Mods

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January 10, 2009 – Comments (0) | RELATED TICKERS: C , BAC , JPM

In a shocking switch, banking giant Citigroup (NYSE: C) is now supporting a Senate bill that would enable bankruptcy judges to modify the rates and principal amounts of mortgage loans on first homes.

Note that, under the plan... [more]

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