Wells Fargo Admits Monstrous Guilt, No One Goes to Jail

April 27, 2016

Wells Fargo just settled a lawsuit with the US Department of Justice, where they admitted, acknowledged, and accepted responsibility for having falsely certified that many of its home loans qualified for Federal Housing Administration insurance between 2001 and 2008. For that, they will only have to pay a $1.2 billion fine, which is a fraction of their quarterly earnings. Not one executive will go to jail. The Resident discusses. Follow The Resident at http://www.twitter.com/TheResident

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