Wells Fargo has agreed to pay the U.S. government $1.2 billion for hiding most of its bad loans in the years leading up to the 2008 housing market crash.
from http://www.wbaltv.com/money/wells-fargo-to-pay-12-billion-for-hiding-bad-loans-before-housing-crash/38938878
via http://baltimorecheckbook.tumblr.com/post/142503555022
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