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Black High Profile Frauds?

One of the Nation's largest mortgage lenders and key player in 2009's great housing bust, Wells Fargo, is being accused of coercing members of the Black and Hispanic community into high-cost subprime mortgages. They are accused of disguising their underhanded deeds by parading “high ranking” minorities to conduct fake seminars on wealth building. Acclaimed author and television personality, Tavis Smiley, as well as Kelvin Boston of “Moneywise” fame are being called out as integral figures in the lender's dastardly scheme.

Answer Question
 
Anonymous

Asked by Anonymous at 10:56 PM on Feb. 14, 2010 in Politics & Current Events

Answers (8)
  • Link?
    Anonymous

    Answer by Anonymous at 11:20 PM on Feb. 14, 2010

  • I don't know about you, but when it comes to my mortgage and money, I don't care WHO is talking to me...I make MY OWN EDUCATED DECISIONS!

    thundernlight

    Answer by thundernlight at 11:25 PM on Feb. 14, 2010

  • Probably would help if the gov't didn't REQUIRE them to have a certain number of minorities obtaining mortgages, or get hit with penalties.

    Anonymous

    Answer by Anonymous at 11:39 PM on Feb. 14, 2010

  • kudos to the bank for making money off of idiots IMO it's not that difficult to do some research before going to get a loan.
    Anonymous

    Answer by Anonymous at 11:44 PM on Feb. 14, 2010

  • How does someone "co-erce" someone else to get a mortgage? Nobody forced me to get a mortgage. And most, if not all, of those wealth building seminars make one person wealthy -- the person leading the seminar! You just lose a little bit by buying whatever nonsense they are selling you.
    29again

    Answer by 29again at 12:11 AM on Feb. 15, 2010

  • Probably would help if the gov't didn't REQUIRE them to have a certain number of minorities obtaining mortgages, or get hit with penalties.


    ***


    THIS!!!


    high five

    LoriKeet

    Answer by LoriKeet at 7:57 AM on Feb. 15, 2010

  • Probably would help if the gov't didn't REQUIRE them to have a certain number of minorities obtaining mortgages, or get hit with penalties.


    Thats a BIG 10-4 lol
    tnmomofive

    Answer by tnmomofive at 8:14 AM on Feb. 15, 2010

  • Probably would help if the gov't didn't REQUIRE them to have a certain number of minorities obtaining mortgages, or get hit with penalties.


     Yup Yup..

    grlygrlz2

    Answer by grlygrlz2 at 9:28 AM on Feb. 15, 2010

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