Citigroup Lowballs DoJ's $10B Ask, What Would A Trial Reveal?

As Citigroup Inc (NYSE:C) lowballs negotiations with the US Department of Justice, offering to pay just 40 percent on the bid to DoJ’s ask of a $10 billion dollar fine, the heat could turn up rather interesting information in a public trial. Citigroup agreeing to settle for its role in creating fraudulent mortgage derivatives Citibank is agreeing to settle for its role in creating what some charge as fraudulent mortgage derivatives that ultimately imploded in 2008, costing the world economy $12.8 trillion by conservative estimates from Better Markets. Bloomberg is reporting in the opaque market that is big bank crime…