Citigroup’s Big Financial Supermarket

As long-time readers of The Cameron Journal know, I have an obsession with the financial crisis, and this video popped up, and I was hooked immediately. Citigroup became famous in the 2008 crisis for being a teetering giant during the crisis. They had to get international money to save the bank after the Lehman collapse. As it turns out, Citigroup had problems well before the crisis, and it started with its merger with Traveler’s and the idea they could be the “supermarket” of financial products. This idea was so bad that it nearly took down the entire American economy.