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US sues Wells Fargo for mortgage fraud

 
Anonymous Coward
User ID: 1252142
Netherlands
10/09/2012 07:04 PM
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US sues Wells Fargo for mortgage fraud
"As the complaint alleges, yet another major bank has engaged in a longstanding and reckless trifecta of deficient training, deficient underwriting and deficient disclosure, all while relying on the convenient backstop of government insurance," Bharara said.

[link to www.france24.com]
Call Barney Frank has a witness.
Anonymous Coward
User ID: 12064276
United States
10/09/2012 11:42 PM
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Re: US sues Wells Fargo for mortgage fraud
wells fargo is ''buffet'' favorite bank -- he makes off richly from the bail-out fund and buffet is a friend of obobo, so the bank will get a slap ( fine ) in the hand and they will promise not to do it again... just like all other banks which had been fine for libor-gate, money laundering etc... and etc..

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