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New York City (AFP) – Wells Fargo bank said it will pay $869 million to Freddie Mac to settle claims of potential fraud in home loans it sold to the U.S. government-controlled mortgage company.

In a short statement issued Monday night, the California based bank said the agreement will allow it to substantially resolve liabilities on home loans it sold to Freddie Mac before 2009 and the emergence of the financial crisis.

The accord was announced five days after Citigroup said it would pay Freddie Mac $395 million to settle similar claims.

Banks must make assurances to Freddie about the loans before they are sold. If these representations prove false, the bank can be forced to repurchase the loans.

Citi, Wells Fargo and other leading banks have faced a huge number of claims related to problematic loans that were granted during the housing boom.

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Ivanka Trump told the House Select Committee investigating the violent January 6, 2021, attack on the U.S. Capitol that she accepted former Attorney General William P. Barr’s assertions that her father’s stolen election claims are “bullshit.”

But the New York Times revealed on Tuesday that for more than a month after the election, Trump’s fruitless legal crusade to overturn the 2020 election results had his eldest daughter’s complete and total backing. Per the Times, Ivanka told a documentary film crew in mid-December 2020 that she wanted Trump to “continue to fight until every legal remedy is exhausted” because “a lot of Americans” were supposedly questioning “the sanctity of our elections.”

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Wandrea "Shaye" Moss

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Georgia election worker Wandrea “Shaye” Moss was collateral damage in Fox News’ campaign to prop up Donald Trump’s false claims of election fraud following the 2020 presidential election.

In December 2020, the network’s prime-time hosts and “straight news” personnel alike baselessly suggested that Moss and her mother and fellow election worker, Ruby Freeman, had participated in a fraud scheme. The Fox personalities don’t seem to regret their actions: After Moss described the impact those conspiracy theories had on her life to the January 6 House select committee on Tuesday, the network devoted all of 14 seconds to her testimony.

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