Market Currents
Friday, September 11, 2009
2:54 PM
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More foreclosure stories: Neighbors surprised to see a Wells Fargo (WFC) executive using an oceanfront home, lost by a couple duped by Bernard Madoff, for weekends and eye-catching parties - and an agent saying that the bank refused to show the house to interested buyers.
This news story has 11 comments:
The problem is when the house is kept off the market, keeping WF from recovering costs and an interested party from purchasing a home they want. *THAT* is the reason the executive is now gracing the unemployment line and is likely to abandon the banking world for a postion in the food service or construction industries.
On Sep 11 03:21 PM Themoose wrote:
> it will never end.. the banks will continue to abuse they system,
> and their hand in the game gets stronger every day.. there is nothing
> the small hard working American can do except bend over ... i.e.
> Goldman Sachs is the lead player in everything that is unethical
> on Wall St. and their stock is screaming higher.. enough said...
> P.S. This banker is no better than a "squatter." If he does it long
> enough, he might even be able to take over the whole house.
I thought it was legal to shoot squatters. Or was that thieves who are in your house?