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Quick and without looking, which TBTF U.S. financial is not on the list of those sued by the...
Sunday, September 4, 2011, 9:37 AM ET
Quick and without looking, which TBTF U.S. financial is not on the list of those sued by the FHFA over sales of suspect MBS to the GSEs? Answer
. List of those sued
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Wells Fargo. And why is that?
4 Sep 2011, 09:40 AM
That would be the question…someone turn witness?
4 Sep 2011, 09:59 AM
Buffett has a big stake at Wells Fargo. Related?
4 Sep 2011, 10:29 AM
Warren Buffet rides shotgun on the Wells Fargo wagon.
4 Sep 2011, 01:42 PM
And the morons who run these banks still will contribute big time to the democrats.
4 Sep 2011, 10:52 AM
wells wasn't sued because they entered into a tolling agreement with the fhfa...basically they waived their statute of limitations right with respect to this claim. That's an indicator that they are talking and close to settling, and thus willing to give the government more time to sue them later if talks break down.
4 Sep 2011, 12:02 PM
The bigger issue was the money laundering for the cartels done by Wachovia, settled for pennies on the dollar; investigations were leading to too many VIPs.
4 Sep 2011, 02:28 PM
I hope they haul old Warren before congress and ask about those secret meeting with O.
4 Sep 2011, 01:46 PM
My bet is that Wells had the Feds indemnify them before they bought Wachovia. If true, great move by management.
4 Sep 2011, 02:03 PM
That's probably right Chigs. Wachovia had as almost as much crap at that point at Countrywide (due to the acquisition of "Golden Shower (West) " a long ago forgotten CA bank. BAC should/ could have done the same.
4 Sep 2011, 06:39 PM
Well, I see my thoughts about Warren making a deal are not mine alone.
4 Sep 2011, 02:49 PM
I don't think Warren & Obama know eachother very well (sarcasm)
4 Sep 2011, 04:11 PM
"Let blockheads read what blockheads wrote."
4 Sep 2011, 05:07 PM
No. All 17 banks in the lawsuits have investment banking business, and thus are part of the core Wall Street. Also, all 17 are primary dealers for the US Treasury market.
Wells Fargo, although big in the mortgage business, didn't and still doesn't have any investment banking business.
4 Sep 2011, 11:50 PM
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