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602 Notes to Chapter 14

27. Prince, interview.
28. Tobias Brushammar, James Hua, Graham Jackson, and Subra Viswanathan, Citigroup memoran-
dum to Nestor Dominguez, Janice Warne, Michael Raynes, and Jo-Anne Williams, subject: Liquidity Put
Valuation, October 19, 2006.
29. Susan Mills, interview by FCIC, February 3, 2010; James Xanthos, interview by Financial Industry
Regulatory Authority (FINRA), March 24, 2009.
30. Susan Mills, testimony before the FCIC, hearing on Subprime Lending and Securitization and
Government-Sponsored Enterprises (GSEs), day 1, session 2: Subprime Origination and Securitization,
April 7, 2010, transcript, pp. 186–87.
31. Mills, interview.
32. Murray Barnes, former managing director of Independent Risk, interview by FCIC, March 2,
2010.
33. Notes on Senior Supervisors’ Meeting with Firms, meeting between Citigroup and Federal Re-
serve Bank of New York, Federal Reserve Board, Office of the Comptroller of the Currency, Securities
and Exchange Commission, U.K. Financial Services Authority, and Japan FSA, November 19, 2007, p. 17.
34. Janice Warne, interview by FCIC, February 2, 2010; Nestor Dominguez, interview by FCIC,
March 2, 2010.
35. Dominguez, interview.
36. Nestor Dominguez, testimony before the FCIC, Hearing on Subprime Lending and Securitization
and Government-Sponsored Enterprises (GSEs), day 1, session 3: Citigroup Subprime-Related Struc-
tured Products and Risk Management, April 7, 2010, transcript, pp. 282–83.
37. Barnes, interview.
38. Ibid.
39. Notes on Senior Supervisors’ Meeting with Firms, meeting with Citigroup, November 19, 2007,
p. 6.
40. FCIC staff calculations.
41. Prince, testimony before the FCIC, April 8, 2010, transcript, p. 118; David Bushnell, interview by
FCIC, April 1, 2010.
42. Bushnell, interview.
43. Ellen “Bebe” Duke, Citigroup Independent Risk, interview by FCIC, March 18, 2010.
44. Barnes, interview.
45. James Xanthos, interview by Financial Industry Regulatory Authority (FINRA), March 24, 2009.
46. Barnes, interview.
47. Prince, interview.
48. Robert Rubin, former chairman of the Executive Committee and adviser, interview by FCIC,
March 11, 2010.
49. Thomas Maheras, former co-CEO of Citi Markets & Banking, interview by FCIC, March 10, 2010.
50. Prince, interview.
51. Citigroup, Presentation to the Securities and Exchange Commission Regarding Overall CDO
Business and Subprime Exposure, June 2007, p. 11.
52. Paul, Weiss, Citigroup’s counsel, response to FCIC Interrogatory #18, March 1, 2010.
53. Citigroup, 2Q 2007 Earnings Call Q&A transcript, July 20, 2007.
54. Complaint, Securities and Exchange Commission v. Citigroup Inc., 1:10-cv-01277 (D.D.C), July
29, 2010.
55. Federal Reserve Board of New York, letter to Vikram Pandit and the Board of the Directors of
Citigroup, April 15, 2008, p. 11.
56. Dominguez, testimony before the FCIC, April 7, 2010, transcript, p. 281.
57. Maheras, interview, and testimony before the FCIC, Hearing on Subprime Lending and Securiti-
zation and Government-Sponsored Enterprises (GSEs), day 1, session 3: Citigroup Subprime-Related
Structured Products and Risk Management, April 7, 2010, transcript, p. 269.
58. Bushnell, interview.
59. Prince, interview.
60. Complaint, Securities and Exchange Commission v. Citigroup Inc., p. 13.
61. Maheras, interview.