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Depressed Lady Loses Benefits Because Of Her Facebook Photos

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      Smoking Gun

      Affidavits On How Wells Fargo Gave "Ghetto Loans" To "Mud People"

      By Ben Popken, 1:53 PM on Mon Jun 8 2009, 14,002 views

      Here's the official court filing (PDF) so you can get the full details on how Wells Fargo pushed or even fraudulently placed black borrowers into sub-prime loans, even when those borrowers could afford prime loans, along with an office environment where employees threw around racist slurs, calling black borrowers "mud people" and their mortgages "ghetto loans." The official statements referenced in the NYT article are in this document in full. The affidavits begin on page 48. Two screenshots inside...


      Mayor and City Council of Baltimore v Wells Fargo Bank, N.A. and Wells Fargo Financial Leasing, Inc. (PDF)
      PREVIOUSLY: Loan Officers Detail Wells Fargo's Blatantly Racist Subprime Loans

      Read More: Smoking Gun, Wells Fargo, Racism, affidavits, sub-prime meltdown, subprime, subprime fiasco, subprime lending, subprime meldown, subprime meltdown, subprime mortgages, Is Wells Fargo A Racist Bank, Loan officers, Loans, Minorities, Baltimore, Lawsuits, Top

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