Monday, October 04, 2010

THE FREE MARKET AT WORK

These banksters were so eager to foreclose that they didn't bother to make sure the paper work was correct.
Wells Fargo Exec Checked Only Date On Documents
by The Associated Press
October 4, 2010

A Wells Fargo executive has acknowledged that he verified only the dates on up to 150 foreclosure documents he signed daily.

Three other lenders, Ally Financial Inc.'s GMAC Mortgage unit, Bank of America Corp. and JPMorgan Chase & Co. have halted tens of thousands of foreclosures after similar practices became public.

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