The Wells Fargo racist sub-prime mortgage lawsuit reminded me of an old post we did where an ex-Countrywide employee alleged that that loan company had racist practices too. Here’s the insider email we posted back in February, 08:
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…
UPDATE: Read the affidavits here.
The NAACP this week filed a class action suit accusing Wells Fargo and HSBC of charging unfairly high interest rates to African American homeowners with high incomes and high credit scores. The banks were quick to slap down the charges as “totally unfounded and reckless,” even in the face of convincing evidence from the NAACP.
Ted Kefalinos, the proprietor of a bakery in Greenwich Village (a neighborhood in New York City), can’t understand why the media is having such a field day over his Drunken Negro Head cookies. They’re fun! Nobody complained about his dead geese cookies last week! He’s got a Cuban brother-in-law! We’d be more willing to believe it was just a bad marketing decision if it weren’t for the follow-up comments a customer alleged he made.
A UPS driver entered a Sikh man’s name as TERRORIST on its online package-tracking database. The man’s family discovered the epithet when they searched for a package UPS failed to deliver.
KMBC in Kansas City, MO says that a local man found a racial slur on his receipt after returning a pair of shoes at a store called Journeys. He got his money back without a problem, but found a nasty surprise waiting on the receipt.
Pictured above are members of Argentina’s olympic soccer team, celebrating their trip to the Olympics in Beijing. Although they’re not the first Olympic team to strike this tasteless pose, they are the first to do so while wearing their corporate sponsor’s name on their jerseys.
Remember that guy JetBlue and the TSA wouldn’t let on a plane for wearing an Arabic shirt? He, joined with the ACLU, have just sued them for racial profiling. [Seattle Times]
UPDATE: A current Target employee rebuts these statements, inside…
Now the 6 arrested passengers are suing their accusers. Boy, there was sure a whole lot of nasty racism going on that day. It’s hard to figure out who should sue who, isn’t it? Psst, the airline probably has more money. —MEGHANN MARCO
A couch labeled as “nigger-brown” got its offensive name from a bad translation program, according to the furniture’s supplier.
The lawsuit alleges that Walgreen assigns black managers, management trainees and pharmacists to low-performing stores and to stores in black communities, and that it denies them promotions based on race.
On one hand, it’s hard to believe that MySpace endorsed or even saw this advertisement for cell phone ringtones that it’s been displaying on their web page. On the other hand, this sort of big-lipped, bone-through-the-fro depiction of an African hasn’t been acceptable since some of Louis Armstrong’s more colorful Max Fleischer appearances.
• You know what they say about giving it away, it makes people think it’s worthless, which in this case is absolutely correct. [CT] “AOL May Offer Some Services Free”
• Glad to hear you finally escaped the cellar and got that slough cleaning job you’ve always dreamed of. [NYT] “Jobless Claims Fall Slightly”
• The sky’s price for friendliness just got $10 more expensive. [CT] “Price Of Flying Takes Skyward Turn Again”
• Globalization died last week of prostate cancer. It was 81. [NYT] “Theodore Levitt Dead”
• The one divorce that really is the kid’s fault. [LAT] “Amazon Opens Toy Store After Toys R Us Ruling”
• Albertson’s, it’s your store, Mr. Aryan Nation. [LAT] “Albertsons Sued Over Racial Discrimination”
The internets are burning, aflame with outrage over this allegedly racially charged campaign Sony launched in Amsterdam to intro the new white PSP. The argument seems to hinge around that showing a black person and white person together, in combat, is racist. Previously, the PSP was only available in black. We don’t particularly find the ad racist, or even that interesting, just another shiny TBWA drop of gloss.
Were you cursed with skin a shade darker than a gleaming opalescent white? Are your nethers nutmeg or, worse yet, ebony? Well, the honkies here at the Consumerist love you… but unfortunately, loan companies don’t. Also, you can’t have any of our money.