Amvona

Tuesday, 14 August 2012 18:00

Why Bother?

Written by  Stephen Lubben
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The SEC enters into another rounding error settlement with a financial insitution, this time Wells Fargo. Wells agrees to pay the princely sum of $6.5 million -- vs net income of $15 billion last year -- for providing advisory services to non-profits that apparently consisted of looking at the credit ratings on some MBS and telling the clients to buy those.

Read more http://feedproxy.google.com/~r/creditslips/feed/~3/DxJuS02dB30/why-bother.html

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