Well, gee, no surprise here. A big CIVIL penalty for a major financial scam but no banker is heading to jail. Yet. Or probably never.

This was via The Wall Street Journal:

The Justice Department on Monday said Citigroup knowingly sold mortgage-backed securities with loans containing “material defects” and concealed that information from investors in what Attorney General Eric Holder described as “egregious” misconduct that helped fuel the 2008 financial crisis.

The settlement, which includes a $4 billion civil penalty, doesn’t absolve Citigroup or its employees from facing any possible criminal charges, Mr. Holder said. He declined to say whether the government was pursuing criminal charges.

Ok, so, what about some pressure on Holder to bring some criminal charges? It has to come from the streets because the White House clearly is not interested in prosecuting these crooks. Look, it even says Citiban “knowingly sold mortgage-backed securities with loans containing “material defects” and concealed that information from investors”!!!

For fuck’s sake.