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Wells Fargo sued by German agency for $160 million in CDO losses
Reuters: Business News
Wed, 23 Jan 2013
NEW YORK (Reuters) - Wells Fargo Bank, N.A. was sued Wednesday by a German government agency that accused it of mismanaging a collateralized debt obligation, resulting in more than $160 million in losses.
T2 Partners' founder and 'Mortgage Meltdown' author Whitney Tilson says WellsFargo could be worth $60 per share, but the road just ahead will be rocky.