https://4closurefraud.org/2012/08/15/sec-charges-wells-fargo-for-selling-complex-investments-without-disclosing-risks/ - Fighting Foreclosure Fraud BY SHARING THE KNOWLEDGE Sat, 29 Nov 2025 22:20:54 +0000 hourly 1 https://wordpress.org/?v=7.0.7 https://4closurefraud.org/2012/08/15/sec-charges-wells-fargo-for-selling-complex-investments-without-disclosing-risks/#comment-400309 Wed, 15 Aug 2012 13:20:18 +0000 https://4closurefraud.org/?p=51495#comment-400309 When they’re going to charge HSBC Bank USA for money laundering?????.

]]> https://4closurefraud.org/2012/08/15/sec-charges-wells-fargo-for-selling-complex-investments-without-disclosing-risks/#comment-400308 Wed, 15 Aug 2012 13:14:29 +0000 https://4closurefraud.org/?p=51495#comment-400308 Wells “didn’t know the guns was loaded, and they’l never ever do it again.” This protestation of innocence through ignorance is not credible. When the demand for MBS certificates exceeded the supply of creditworthy mortgages, Wells and other major banks decided to package and sell substandard, high risk mortgages. There was no mystery here. This is what happens if a loan is made to someone known to be unable to repay it. It is ironic but this SEC decision is simply another part of the government’s efforts to bail out the nation’s largest lenders at the expense of the public interest.

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