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The Sandbox - National The Sandbox is a collection of off-topic discussions. Humorous threads, Sports talk, and a wide variety of other topics can be found here.

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Old 10-09-2012, 01:56 PM   #1
SEE3772
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Default Warren Buffett's Favorite Bank, Wells Fargo, Sued By US

The US Has Filed A Civil Suit (Just Another Fine) Against Wells Fargo For Alleged Mortgage Fraud... Couldn't happen to a nicer crony capitalist's favorite stock:

U.S. FILES CIVIL MORTGAGE FRAUD SUIT AGAINST WELLS FARGO
U.S. CLAIMS WELLS FARGO FALSELY CERTIFIED FHA LOANS
GOVERNMENT SEEKS DAMAGES AND PENALTIES FOR RECKLESS LOANS
FHA FORCED TO PAY `HUNDREDS OF MILLIONS' FOR DEFAULTED LOANS

Well, Charlie: "Suck it in" (even more than just the recent epic collapse of BYD of course). As for Wells, sorry Warren, but just like gold, you can't really fondle that stock certificate, held by DTCC in proxy, either.

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WORLD ECONOMIC OUTLOOK
IMF Sees Heightened Risks Sapping Slower Global Recovery


The IMF's Christine Lagarde Is Unaware What The IMF's Market-Moving Report Contains
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