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News Link • Economy - Economics USA

Government sues Wells Fargo for reckless lending practices

• Washington Post
Wells Fargo engaged in a long-standing practice of reckless and fraudulent mortgage lending that cost the government hundreds of millions of dollars in insurance claims when those loans went bad, federal prosecutors alleged Tuesday.

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Comment by Powell Gammill
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http://dealbook.nytimes.com/2012/10/09/u-s-sues-wells-fargo-alleging-mortgage-deceit/?hp


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