Wells Fargo gets billions in tax payer money and is throwing families from their homes
Friday, August 13th, 2010
Submitted By Homeowner, Cat West - Wells Fargo gets billions from the federal government to help homeowners. But what they are doing is throwing families from their homes. They only help themselves by deciding what borrowers they want to keep and which ones they would prefer to purge from their system.
They care little about following the rules because they are so big and powerful they think the rules don’t apply to them.
If all homeowners who are under water or having financial challenges can’t get loan modifications, then WF only offers deals to the homeowners that really don’t need any help. This cleanses their system of all the bad loans on the brink of insolvency. Except these are families with children going through the most difficult time in their lives….and WF was given a LOT of money to help them.
WF only sees assets, but these are middle class families who are having real troubles and need help. WF isn’