To hell with Wells Fargo
They got bailed out so they could lobby against the American people.
Homeowner Belva Davis of Detroit’s East English Village fell behind on her mortgage while unemployed. She has a new job and wants to pay the mortgage, but Wells Fargo refuses to modify the loan.
Last year, bailout bandit Wells Fargo pocketed $25 billion in taxpayer money. Even after the government gave it another $2.8 billion to modify mortgages, Wells Fargo has restructured only 6% of its eligible loans, well below most banks (see http://www.makinghomeaffordable.gov/).
Wells Fargo spends millions lobbying against pro-citizen bills like the Employee Free Choice Act, the Foreclosure Prevention Act (S 2636), and House Bill 3609, which would allow judges to modify mortgages. Where is the bailout for Wells Fargo customers & their neighborhoods?
I honestly don’t know why I even bank there. But alas, many of these banks are just like Wells Fargo.
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