Wall Street Roundup: Citi under investigation, too rich to jail
Bernanke back and forth. While a group of international leaders and economists have criticized the Federal Reserve's moves last week, President Obama and Goldman Sachs have come to the defense of the central bank.
Citi under investigation. Three brokers who used to work for Citigroup have said the company did not properly disclose the risks of securities it was selling, prompting an investigation by the Securities and Exchange Commission.
Too rich to jail? Prosecutors decided not to bring felony charges against a Morgan Stanley broker involved in a hit-and-run because, they decided, it would be better for the broker to keep working so that he can pay restitution to the victim. The victim is not happy.
-- Nathaniel Popper