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Fake Hurricane Sandy photos flew around Twitter and Facebook on Monday, as users shared jaw-dropping images. Unfortunately, the race to post the most striking pics has most folks skipping the all-important fact check.
We’ve gathered up five “Hurricane Sandy” photographs that have spread on the social web, but weren’t actually taken during the massive storm.
Bowen wrote that he had been “agonizing for some time” about the problem, especially since his direct superiors at the bank, whom he had warned repeatedly since he first discovered the problem in mid-2006, had done little or nothing to remedy it. What he had discovered was that 60 percent of the home mortgages that Citigroup had bought from third parties, or $30 billion, were “defective,” meaning that they didn’t meet Citigroup’s underwriting criteria. Nevertheless, they were still packaged up -- defects and all -- and sold as securities.