Out of curiosity, when Wells pays the DOJ $2B, where does that money go? How is allocation determined, and does any of it go to homeowners who were foreclosed upon?
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Sadly, this is chump change for a company like Wells Fargo...
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So, Buffett's WFC settles for $2b for sending its fake mortgages to Buffett's Moody's to rate as AAA (for which they settled - don't laugh - $894m) to sell globally thus giving us the meltdown of '08. Got it.
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As one of these former mortgage holders, will I be getting a share of this 2.09B?
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@EmilyGlazerWSJ Dale Robertson is rolling in his grave.Thanks. Twitter will use this to make your timeline better. UndoUndo
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