{"id":4853,"date":"2018-12-08T11:57:01","date_gmt":"2018-12-08T11:57:01","guid":{"rendered":"https:\/\/www.bettina-network.com\/blog\/?p=4853"},"modified":"2018-12-13T17:25:38","modified_gmt":"2018-12-13T17:25:38","slug":"wells-fargo-boycott-yet-another-story-of-financial-rape","status":"publish","type":"post","link":"https:\/\/bettinanetwork.com\/blog\/archives\/4853","title":{"rendered":"Wells Fargo Boycott – Yet Another Story of Financial Rape!"},"content":{"rendered":"

#WellsFargoBoycott \u00a0 \u00a0 #WellsFargo<\/h3>\n

What follows was taken from\u00a0Bess Levin at Vanity Fair<\/a><bess_levin@condenast.com> \u00a0It is a newsletter to which you can subscribe and we suggest you do – it is very good and timely and thoroughly researched.<\/span><\/strong><\/h3>\n

Remember – Call all of your friends, neighbors, colleagues, acquaintances and tell them about this Wells Fargo Boycott. \u00a0Cancel your savings account and let Wells Fargo know why. \u00a0Let them know you will not do business with them. \u00a0Cancel your checking account. \u00a0Cancel your investment accounts and any other accounts you have with Wells Fargo. \u00a0Nothing else has caused them to change. \u00a0There have been hundreds of law suits filed against them. \u00a0They have changed management and put out marketing claiming they are making a new start, but the problems still keep coming. \u00a0It looks as though they are a Criminal Enterprise where different mafia groups have set up house in different parts of the bank and management does not know or does not care to clean house to become a substantial bank serving the public in the way banks agree to do such. \u00a0 Wells Fargo is destroying the lives of tens of thousands of people and many within the bank are making millions of dollars in the process.<\/p>\n

______________________________________________<\/p>\n

______________________________________________<\/p>\n

“Since 2016, Wells Fargo has made a name for itself as the go-to bank for people hoping to get screwed over by a financial institution. In that time, it\u2019s emerged that the San Francisco lender\u00a0opened millions of fake accounts<\/a>, often in customers names and always without said customers\u2019 permission;\u00a0charged hundreds of thousands of customers for auto insurance they didn\u2019t want or need<\/a>, leading to people having their cars repossessed;\u00a0overcharged clients in its foreign-exchange business<\/a>; paid $50 million to settle a lawsuit accusing it of\u00a0overcharging hundreds of thousands of homeowners for unnecessary appraisals<\/a>; paid $108 million to settle claims that it\u00a0charged military vets hidden fees to refinance their mortgages<\/a>; and literally\u00a0told<\/a>\u00a0shareholders they can\u2019t sue over misleading statements by management like\u00a0we\u2019re changing ours ways<\/em>\u00a0and\u00a0we want to regain your trust,\u00a0<\/em>because said management is full of s–t (or, as it\u2019s known among corporate lawyers,\u00a0the \u201cpuffery\u201d defense<\/a>).<\/span><\/p>\n

All of that, obviously, has played a major role in catapulting Wells Fargo to the No. 1 search result when one searches for things like\u00a0worst bank ever<\/em>\u00a0or\u00a0I want to be abused by a registered broker-dealer.<\/em>\u00a0But apparently, all this time, Wells was\u00a0cooking up something<\/a>\u00a0that would make all its past \u201cmissteps\u201d look like child\u2019s play:<\/span><\/p>\n

Wells Fargo says a computer glitch is partly to blame for an error affecting an estimated 545 customers who lost their homes. The giant bank filed papers with the Securities and Exchange Commission last month, revealing it incorrectly denied 870 loan-modification requests. About 60 percent of those homeowners went into foreclosure.<\/span><\/p><\/blockquote>\n

In an interview,\u00a0Jose Aguilar,\u00a0one of the affected homeowners,\u00a0told<\/a>\u00a0CBS News that after falling a few months behind on mortgage payments while trying to fix a mold problem in his family\u2019s home, he asked Wells Fargo to modify their loan to lower their monthly payments. After being told he might qualify for a modification, Aguilar heard nothing for months and then was forced to start the process over again. Ultimately, it took the lender a year to get back to him, at which point he was turned down and his house went into foreclosure. With his credit destroyed, no one would rent to Aguilar, and he and his son had to move into the basement of a friend\u2019s house. (Aguilar and his wife split up after they lost their home.) Speaking to ABC News, Aguilar\u00a0said<\/a>\u00a0that he \u201cthought about suicide many times.\u201d \u201cIt\u2019s been very hard for me. It\u2019s something I wouldn\u2019t wish upon anybody,\u201d he told CBS reporter\u00a0Anna Werner.<\/span><\/p>\n

Then, last September\u2014three years after Wells Fargo basically ruined his life\u2014Aguilar received a letter from the bank that read: \u201cDear Jose Aguilar. We made a mistake . . . we\u2019re sorry.\u201d It wrote that the decision to deny his loan modification was based \u201con a faulty calculation,\u201d and acknowledged that it should have been approved. The bank also sent him a check for $25,000, which his attorney\u00a0Marc Dannsaid \u201cdoesn\u2019t begin to cover his total losses.\u201d (The bank told CBS that it plans to work with affected customers to reach a resolution and, after literally kicking people out of their houses, is generously offering no-cost mediation.)<\/span><\/p>\n

Incidentally, six months before Aguilar received his \u201cOops, our bad\u201d\u00a0letter from Wells Fargo, C.E.O.\u00a0Tim Sloan\u00a0received<\/a>\u00a0a 36 percent raise\u2014bumping his 2017 compensation up to a not-too-shabby $17.4 million\u2014, which he angrily defended when questioned by Wells critic\u00a0Elizabeth Warren.\u00a0Sloan has not yet commented on the bank\u2019s latest f–kup.”<\/span><\/p>\n

_____________________________________________________<\/p>\n

Learn More About How We Use Your Donation!<\/a><\/p>\n

[give_form id=”3763″]<\/p>\n

Project 1 – Estate Sales after the Sale<\/p>\n

Project 2 – Wells Fargo Boycott<\/p>\n

__________________________________________________________<\/p>\n

Want to join us?<\/strong> Have a home that you want to open to become one of Bettina Network’s Hedge Schools?<\/strong> Call us and lets talk – or email us.<\/p>\n

Ed. Note: Members of the Bettina Network Lifestyle Community<\/strong> can contribute to the Bettina Network Blog<\/strong> whenever they have anything they want to say and be heard by this fantastic group of people. Send your blog to bettinanetwork@comcast.net or mail it to us at P. O. Box 380585 Cambridge, MA. 02238 or call us on the telephone at 617-497-9166 to tell us what you want to say and we will write it for you.<\/p>\n

Volunteer with Bettina Network Foundation, inc.<\/strong> to work estate sales; to help move items from one home to another; to contribute your ideas on how we can better use our resources in this effort to relieve and eliminate homelessness and poverty. We also need photographers; designers; and more. However much or little time you have, we are grateful.<\/p>\n

Send your event information to be included in Bettina Network’s Menu of Events<\/strong> to: bettina-network@comcast.net<\/p>\n

This is a curated blog so you cannot write your responses at the end of each entry. TO RESPOND TO THIS BLOG email bettina-network@comcast.net or info@bettina-network.com<\/p>\n

TO LEARN MORE<\/strong> try www.bettina-network.com<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

#WellsFargoBoycott \u00a0 \u00a0 #WellsFargo What follows was taken from\u00a0Bess Levin at Vanity Fair<bess_levin@condenast.com> \u00a0It is a newsletter to which you can subscribe and we suggest you do – it is very good and timely and thoroughly researched. Remember – Call all of your friends, neighbors, colleagues, acquaintances and tell them about this Wells Fargo Boycott. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[851,523],"tags":[850],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/bettinanetwork.com\/blog\/wp-json\/wp\/v2\/posts\/4853"}],"collection":[{"href":"https:\/\/bettinanetwork.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bettinanetwork.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bettinanetwork.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/bettinanetwork.com\/blog\/wp-json\/wp\/v2\/comments?post=4853"}],"version-history":[{"count":6,"href":"https:\/\/bettinanetwork.com\/blog\/wp-json\/wp\/v2\/posts\/4853\/revisions"}],"predecessor-version":[{"id":4873,"href":"https:\/\/bettinanetwork.com\/blog\/wp-json\/wp\/v2\/posts\/4853\/revisions\/4873"}],"wp:attachment":[{"href":"https:\/\/bettinanetwork.com\/blog\/wp-json\/wp\/v2\/media?parent=4853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bettinanetwork.com\/blog\/wp-json\/wp\/v2\/categories?post=4853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bettinanetwork.com\/blog\/wp-json\/wp\/v2\/tags?post=4853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}