"Citigroup's Embarrassing Emails regarding ASTA/MAT and Falcon #4"
Channel: Link121311
Date: 13/12/2011

"FOX Business reporter, Elizabeth MacDonald, discussed internal Citigroup emails that show that financial advisors warned senior management that the ASTA/MAT and Falcon portfolio management team did not fully disclose the risk of these funds to financial advisors or investors.  Citigroup sold ASTA/MAT and Falcon as safe municipal bond alternatives to investors; however, the products dropped between 80% and 97% in less than 1 year."