The Justice Department has filed a lawsuit accusing the banking giant Wells Fargo of making reckless mortgage loans that ultimately cost the federal government hundreds of millions of dollars in insurance claims. Wells Fargo is alleged to have abused the Federal Housing Administration Program by recklessly handing out loans and forcing the government to foot the bill when borrowers could not pay. In a statement, U.S. Attorney Preet Bharara in New York said: “Yet another major bank has engaged in a longstanding and reckless trifecta of deficient training, deficient underwriting and deficient disclosure, all while relying on the convenient backstop of government insurance.” The lawsuit comes two months after Wells Fargo agreed to pay a settlement of at least $175 million for discriminating against African-American and Latino borrowers.