5 years ago
6
Wells Fargo says hundreds of customers lost homes because of computer glitch
Wells Fargo said it has set aside $8 million to compensate customers that were wrongly denied mortgage modifications.
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8 Million dollars, 400 customers, 20,000 each. That's not going to replace their houses, their credit that is now ruined, etc. And I am willing to bet they'll use the General Motors defense, we went bankrupt this company isn't the same company as the one that did that.
They could give those people their homes outright, but I bet that's not going to happen.
Of course not! Time to squeeze juice out of a few turnips.
Why this bank has not been raided, closed and it's officers arrested is beyond belief. Equally beyond belief is people still keep their money with this criminal organization.
Only foreign-owned banks are criminally prosecuted in the U.S. and even then, those cases end with settlement agreements, token fines and sealed records. It turns out when you never enforce your own laws, there are people that will take definite advantage of that mistake. Go figure, right?
Careful, you"'ll be labeled a conspiracy nut.