Thursday, April 14, 2016

Wells Fargo Admits Deception and Pays 1.2 BILLION Dollars

Wells Fargo has admitted to its deceptive mortgage practices and agreed to pay the government ONE BILLION DOLLARS. Yes a billion dollars. Years of reckless underwriting, contributing to the financial crisis in 2008.

Now for the real question. If this was a small firm, wouldn't someone be going to jail? Why isn't anyone at Wells Fargo going to jail over this ADMITTED deception?

Wells Fargo admits deception in $1.2 billion U.S. mortgage accord | Reuters:
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