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The chief investment officer of troubled Stanford Financial Group was expected to be released on $300,000 bond Friday after a court hearing in which she was painted alternately as the scapegoat for a massive fraud and as one of the few people who knows where millions stolen from investors is hidden.
Private Investment Required In U.S. Deal With Citigroup (Washington Post)
The government’s deal to take a large ownership stake in Citigroup offers a preview of the coming round of public investments in troubled banks, including the demand that Citigroup secure a matching investment from the private sector.
