Monday, March 26, 2012

Wells Fargo Scoffs At Subpoenas In $60B Fraud Probe: SEC
In conducting an investigation of possible fraud in relation to Wells Fargo & Co.'s sale of almost $60 billion in residential mortgage-backed securities, the U.S. Securities and Exchange Commission on Friday requested that a federal court order the country's largest mortgage lender to comply with its subpoenas.

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