rosalyn jordan reports. >> $7 billion, that's the cost to citigroup for its role in the 2008 financial crisis. >> the bank's misconduct was egregious. under the terms of the settlement, the bank has admitted to its misdeeds in great detail. shattering lives and livelihoods around the country and the world. >> the bank was accused of deliberately lending money to people that they could not afford. knowing they were bad investments. when the housing market collapsed, everyone lost. the collapse of the housing market was at the heart of the recent global recession. out of the $7 billion citigroup must pay the u.s. government will collect a $4 billion fine. the states will receive a half billion dollar fine and consumers will share in a $2.5 billion compensation fund. government lawyers admit they don't know how many homeowners will get help. they say some of the money will be used to build affordable housing and to help some families who are now renting. citigroup has long insisted it didn't do anything wrong and tried to bargain for a lower fine but prosecutors came very firm. >> we came