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Delaware prosecutor puts another dent in banks’ ‘too big to jail’ armor

"(Reuters) – Late Wednesday, Delaware U.S. Attorney Charles Oberly announced the indictment of Wilmington Trust, which is accused of hiding failed loans in its commercial real estate portfolio in 2009 and 2010. The bank’s supposed deception of regulators and investors propped up the bank’s shaky financials as it undertook a $274 million stock offering in February 2010 to repay money it had accepted from the U.S. government’s Troubled Asset Relief Program."

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