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Judge Blasts Wells Fargo -- TYT

submitted by Boise_Lib

1 decade 2 years 1 week ago

YouTube Description:

Via The Huffington Post: "A federal judge who has fiercely criticized how big banks service home loans is fed up with Wells Fargo. In a scathing opinion issued last week, Elizabeth Magner, a federal bankruptcy judge in the Eastern District of Louisiana, characterized as "highly reprehensible" Wells Fargo's behavior over more than five years of litigation with a single homeowner and ordered the bank to pay the New Orleans man a whopping $3.1 million in punitive damages, one of the biggest fines ever for mortgage servicing misconduct...". The Young Turks host Cenk Uygur breaks it down.
Read more here from Ben Hallman:
http://www.huffingtonpost.com/2012/04/09/elizabeth-magner-new-orleans-wells-fargo_n_1412412.html