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Moral Compass

(1,511 posts)

18. And these apologies will fix...?

Reply to appalachiablue (Original post)

Mon Aug 6, 2018, 06:14 PM

Aug 2018

Let’s see...Wells Fargo foreclosed on these folks houses which means that these people no longer own a home and their credit standing was seriously damaged.

Apologies are going to fix what? What repercussions will Wells Fargo experience? What penalties of any significance will the corporate entity or the executive decision makers incur?

With the large financial firms the penalty never seems to fit the crime.

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32 replies

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Highlight:

Wells Fargo Apologizes After Hundreds of Customers Lose Their Homes Due to 'Computer Glitch' [View all] appalachiablue Aug 2018 OP

Out of $12.5B in fines, how much has gone to the cheated customers? lagomorph777 Aug 2018 #1

Agreed Sherman A1 Aug 2018 #6

In 2016, WF was fined for opening 2 million 'fake' accounts appalachiablue Aug 2018 #25

"computer error" rigggghhht. why wernt these handled by people. blame it on computor error. AllaN01Bear Aug 2018 #2

But computers don't make mistakes, people do (like the gun argument). So they'll blame erronis Aug 2018 #5

Sleazy bank IMO. n/t RKP5637 Aug 2018 #3

I know when I hear "Sorry" in a sarcastic tone. They don't really give a shit. erronis Aug 2018 #4

When will the corp thieves Maxheader Aug 2018 #7

First Union Disease. mwooldri Aug 2018 #8

You have that right... Kensan Aug 2018 #21

First Union was really good to me crazycatlady Aug 2018 #22

oops, so sorry we TOOK YOUR HOME AWAY 0rganism Aug 2018 #9

How many times are they "re-established" now? Joe Nation Aug 2018 #10

At least they said the were "Sorry" BadGimp Aug 2018 #11

There's a computer button labeled "Glitch"? keithbvadu2 Aug 2018 #12

Not the computers fault, but the human beings who programed or entered the data. PuppyBismark Aug 2018 #13

Seems like yesterday when they were foreclosing on homeowners rocktivity Aug 2018 #14

Paltry! The Conductor Aug 2018 #15

WF has been taking out multiple full page ads in The NY Times touting its LuckyLib Aug 2018 #16

I'm Amazed That These Cretins Have Any Customers Left! DoctorJoJo Aug 2018 #17

I've taken to avoiding their ATMs rocktivity Aug 2018 #19

And these apologies will fix...? Moral Compass Aug 2018 #18

Sorry! Mc Mike Aug 2018 #20

Can't believe anyone still banks with WF pecosbob Aug 2018 #23

No restitution but thoughts and prayers central scrutinizer Aug 2018 #24

If like the other "mistakes" 625 will turn into 625,000 soon. bitterross Aug 2018 #26

Too criminal to exist. BlueWI Aug 2018 #27

SO glad we got out of our mortgage with them! Despicable company. FailureToCommunicate Aug 2018 #28

I worked as a loan officer for Wells Fargo for a little over a year, a long time ago. Aristus Aug 2018 #29

8 mil / 625 is only 13k for each mortgage / foreclosure populistdriven Aug 2018 #30

Is this what happens when banks are allowed to regulate themselves? Snellius Aug 2018 #31

But! But! But! Folksy!! Stagecoaches!! 'Murca!! We're All Different And Fixed Now!! hatrack Aug 2018 #32