For a real eye-opener, look at Wells Fargo’s page on Yahoo Finance. It’s all class-action lawsuits filed against WFC.
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@hwo+17TQIBkr they are not suing because WF took risks. They are suing because the were not truthful in reporting the quality of the loans, committed fraud by overstating client business income, and other deceptive practices. They also tried to hide the impact of the sub-standard loans by bundling with other products. Very similar to the home loan debacle in 2008.
Uhh...they are being sued for takings credit risk. That's how a bank makes money