Susan Beck's Summary Judgment: The Problem with Citi's Disclosure Argument

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As Judge Rakoff found when he rejected the SEC's $285 million settlement with Citigroup last month, there are still plenty of questions about Citi's role in the $1 billion collateralized debt obligation at the heart of the case. Here's one place I couldn't find any good answers: the brain-scrambling 209-page offering prospectus for the CDO.

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