Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Latest Breaking News

elias7

(4,064 posts)

10. And they were one of the worst offenders of sub-prime loans

Reply to Tomconroy (Reply #4)

Fri Sep 10, 2021, 10:07 AM

Sep 2021

Until they start receiving serious penalties, like maybe individuals being held criminally responsible, they have no incentive to stop their avaricious practices.

Edit history

Please sign in to view edit histories.

22 replies

= new reply since forum marked as read

Highlight:

Feds fine Wells Fargo $250 million for 'unsafe or unsound' home lending practices [View all] TexasTowelie Sep 2021 OP

Will they even bother to pay it? cutroot Sep 2021 #1

Excuse me, Charlie OldBaldy1701E Sep 2021 #2

Chicken feed Sherman A1 Sep 2021 #3

Oddly, they weathered the 2008 housing collapse quite well. Something's changed. Tomconroy Sep 2021 #4

And they were one of the worst offenders of sub-prime loans elias7 Sep 2021 #10

They called in all of their loans with my old firm. It almost bankrupted the firm which was Dustlawyer Sep 2021 #15

Banks don't keep these loans. Scruffy1 Sep 2021 #17

Man that company is trash! The Jungle 1 Sep 2021 #5

They pay the fine, they return all I'll gotten gains, they admit wrong doing Tadpole Raisin Sep 2021 #6

Remember when Wells Fargo repo'd homes that couldn't PROVE they had been paid off? flying_wahini Sep 2021 #7

Wells Fargo is quite possibly the very worst of all the cartoon banking conglomerates. jaxexpat Sep 2021 #8

This message was self-deleted by its author broiles Sep 2021 #9

wf has been known to raid a trust and raid it even more whilst defending it. AllaN01Bear Sep 2021 #11

Clowns gotta clown. jaxexpat Sep 2021 #13

During Gulf War I, They foreclosed on homes owned by those on active duty Rocknation Sep 2021 #12

This message was self-deleted by its author Stuart G Sep 2021 #14

Evidently Charlie was brought in to solve the problem...He was not in the company in 2018... Stuart G Sep 2021 #16

I did the wells fargo circle jerk looking for a loan. Two and 1/2 months and they jerked me around mitch96 Sep 2021 #18

Wells Fargo runs con games Bayard Sep 2021 #19

wells fargo should be shut down rdking647 Sep 2021 #20

In processs of moving noneof_theabove Sep 2021 #21

Like 25 dollars to us average folks. A slap on the wrist. sarcasmo Sep 2021 #22