Wells Fargo Foreclosure Leads Man To Commit Suicide
Source: Huffington Post
Norman and Oriane Rousseau were one more couple pushed by a huge, greedy bank to the brink of homelessness. On Sunday, desperate and with nowhere to go, Norman Rousseau shot himself.
This is the story of what happens when an average couple is up against a giant, wealthy, powerful bank. Unfortunately the result is what the result always is when people are on their own against the wealthy and powerful: the bank ends up with all of their money, takes their house to sell and throws them out onto the street. In this case the bank is Wells Fargo.
The quick version of this terrible story is that Norman and Oriane Rousseau of Newbury Park, California were scammed into a predatory mortgage. But they made their payments anyway, always paying with a cashiers check in person at the same branch. Then one day the bank misapplied their payment and said they still owed the money. This started a long, nasty process that led to the bank evicting the Rousseaus from their home.
Heres the shocker: right at the start the Rousseaus came up with proof that the bank had received the payment and had cashed the check. But the bank continued to claim it had missed the payment, gave the Rousseaus the runaround, started applying fees, and used it as an excuse to foreclose on the house anyway.
Read more: http://www.huffingtonpost.com/2012/05/16/wells-fargo-foreclosure_n_1522666.html
Heartbreaking and maddening. Thomas Jefferson said it right when he said that banking establishments are more dangerous than standing armies.
RKP5637
(67,111 posts)in stride by those thinking runaway capitalism is great. Much as with war crimes, it's taken in stride.
virgogal
(10,178 posts)KT2000
(20,583 posts)and they will never be held accountable for what they have done to this couple.
atreides1
(16,079 posts)Remember what happened at the end of Spartacus...that's what I think should happen to bankers.
I'm talking about the original movie...
kestrel91316
(51,666 posts)Pakid
(478 posts)Instead I would have put the fear of god into a dishonest banker. At least I would have had a home after that In a nice quite cell with all my expense's paid.
numrichs
(1 post)Wells Fargo acts like Mr. Potter from It's a Wonderful Life. Potter stole the monthly payment for the Savings and Loan from Jimmy Stewart's uncle. Then he told Jimmy Stewart that since Jimmy didn't make the payment to him, he, Potter, would now foreclose on the Jimmy's Savings and Loan and close it. Jimmy jumped off a bridge in despair and then embarked on a journey with an angel to see what life in his small town would be like if he hadn't been born. He saw that the poor were desperate because Potter wouldn't lend them any money and Jimmy decided to fight back and live again. The people rallied behind Jimmy and raised enough money to save the Savings and Loan and Potter's plot to take over the town was foiled. We need to learn a lesson from this film when deciding who would be the best people to govern our country. Should we vote for people with compassion or people who's main concern are making a profit.
glinda
(14,807 posts)azurnoir
(45,850 posts)Wells Fargo is a criminal institution