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Friday, September 11, 2009
2:54 PM TweetThis
  • 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:

  •  
    Another example of banks, and bankers "gaming the system" for their own ends.
    Sep 11 03:03 PM | Link | Reply
  •  
    If true, she's gone. That crosses Buffett's "embarrass the bank" line.
    Sep 11 03:06 PM | Link | Reply
  •  
    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...
    Sep 11 03:21 PM | Link | Reply
  •  
    Unemployment is rising, wages are stagnant, the government is pushing massive debt on the taxpayers to subsidise the existence of failed corporations and individuals. There is a reason manufacturers of firearms and ammunition are running full speed and still cannot keep up. Keep giving the people reason to seethe.
    Sep 11 03:22 PM | Link | Reply
  •  
    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.
    Sep 11 03:47 PM | Link | Reply
  •  
    I think I saw a comment that there was an agreement with the bankrupt owner to not show the house for a specified period of time. But that does not excuse the occupancy by the lady banker.
    Sep 11 03:57 PM | Link | Reply
  •  
    The problem wasn't that the executive was using the house - that might even be a positive, if it interests new parties.

    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.
    Sep 14 06:04 PM | Link | Reply
  •  
    thats because the lack of ethics pays off. The banks will continue to abuse they system,BECAUSE IT PAYS OFF AND WE LET IT.


    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...
    Sep 14 06:59 PM | Link | Reply
  •  
    Well Fargo, BoA, and Citigroup are the Worst Banks of 2009 and beyond.
    Sep 14 08:48 PM | Link | Reply
  •  
    If these pigs keep this up and the laws and courts continue to turn a blind eye, I could envision the day when the good people of the USA just might be pushed too far and might take the law into their own hands. I have visions of Ceaucescu. Honestly, if these criminal bankers continue to rape the American people openly and on a daily basis, the victims are absolutely going to reach a breaking point some day.
    Sep 14 09:16 PM | Link | Reply
  •  
    On Sep 11 03:47 PM Graham and Dodd Investor wrote:

    > 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?
    Sep 14 09:18 PM | Link | Reply
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