Fraud Ruling Against Wells Fargo in Minnesota Points to Widespread Abuses in Securities Lending Program (via Foreclosureblues)

26 Dec

Fraud Ruling Against Wells Fargo in Minnesota Points to Widespread Abuses in Securities Lending Program Fraud Ruling Against Wells Fargo in Minnesota Points to Widespread Abuses in Securities Lending Program Yesterday, December 23, 2010, 11:44:55 PM | Yves Smith A fraud and breach of fiduciary duty ruling against Wells Fargo in a major scandal in Minnesota may have much broader ramifications for this sanctimonious bank. The facts are not pretty. Wells Fargo, in its investment management operation, used securities lending to boost returns. But the r … Read More

via Foreclosureblues

One Response to “Fraud Ruling Against Wells Fargo in Minnesota Points to Widespread Abuses in Securities Lending Program (via Foreclosureblues)”

  1. a p giannini February 20, 2011 at 6:15 pm #

    Theves. Make way . 30 million to wellsfargo from a lady , 10 million from a man in africa to bank of america . They stole that too ? Department of ministry finance said yes . Wow .

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