8 years ago
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Wells Fargo admits deception in $1.2 billion U.S. mortgage accord
Wells Fargo & Co (WFC.N) admitted to deceiving the U.S. government into insuring thousands of risky mortgages, as it formally reached a record $1.2 billion settlement of a U.S. Department of Justice lawsuit.
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http://www.reuters.com
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To them, $1.2Billion is a like light slap on the wrist with a limp lettuce leaf.