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Three executives from major mortgage industry companies were on the hot seat Friday as the House Committee on Oversight and Government Reform looked into executive compensation at corporations involved in the subprime mortgage-market shakeout. The committee, headed by Rep. Henry Waxman, questioned Angelo...
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Weeks' worth of speculation about where Citigroup was headed following its heavy involvement in the subprime mortgage meltdown was pretty much confirmed on Tuesday morning when the bank announced a huge $18.1 billion write-down. As bad as the write-down was, some analysts had predicted even greater carnage...