Is Wells Fargo Another Bad Actor in the Housing Crisis?

Photograph by Ryan Anson/Bloomberg News

The U.S. government is going after a further alleged scoundrel from the housing bust. The victim, as in earlier cases, is the Federal Housing Administration (FHA), which paid out millions in claims on loans that never should have been issued. What may surprise people is the alleged villain: Wells Fargo, the bank that counts Warren Buffet as its largest shareholder.

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