UNDERNEWS

Undernews is the online report of the Progressive Review, edited by Sam Smith, who covered Washington during all or part of one quarter of America's presidencies and edited alternative journals since 1964. The Review, which has been on the web since 1995, is now published from Freeport, Maine. See main page for full contents

September 16, 2009

WELLS FARGO EXEC USES FORECLOSED BEACH HOME FOR PARTIES AND WEEKENDS

NY Post - A Wells Fargo executive who oversees foreclosed properties allegedly hosted parties and spent long summer weekends in a foreclosed $12 million Malibu beach house. The previous owners of the home were financially devastated in Bernard Madoff's fraud, real-estate agent Irene Dazzan-Palmer said. The couple signed the property over to Wells Fargo last spring, and the bank subsequently denied requests to show the house to prospective buyers, Dazzan-Palmer said. Neighbors told the LA Times that they believe Cheronda Guyton moved in last May. They got her name from security guards. . . . Wells Fargo promised to investigate.

3 Comments:

Anonymous Anonymous said...

This is probably an isolated incident... Right?

There can't be that many people that would take advantage of other people's misfortune, and their positions of power, to further their own needs of Narcissism while ignoring the world around them?

Who would accept Millions in bonuses while millions are loosing their homes?

Who would accept Millions in a golden-parachute while their company looses money.

Who would make Laws that allow corporations to have Dummy Corporations and Millionaires to have Offshore Accounts. Just to avoid taxes? What would they have to gain?

Who would allow corporations to move factories to places like China, and use the dwindling oil resources to transport things half-way around the world - rather than paying our laborers another 50cents and hour?

Who would pick up a Fiddle and play music while their city burned?

-DaTheorist

Note: Hello Washington... and KMA.

September 17, 2009 11:44 AM  
Anonymous Mairead said...

I truly appreciate your pawky snide-itude, DT.

September 17, 2009 3:52 PM  
Anonymous Anonymous said...

I'm relatively new... to having an opinion.

Like a 'box wine', a subtle characteristic, not appreciated or even recognized by some. But has had the ability to aggravate some...

Over the past eight years.

-DaTheorist

September 18, 2009 10:27 AM  

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