The SEC fires back at Judge Rakoff who just threw out the agency's settlement with Citigroup (C)...

|About: Citigroup Inc. (C)|By:, SA News Editor

The SEC fires back at Judge Rakoff who just threw out the agency's settlement with Citigroup (C) over punk mortgage securitizations. The Rakoff ruling "ignores decades of established practice throughout federal agencies and decisions of the federal courts." Established practice. Hello SEC, that's the issue.