You do what you are supposed to do as a banker and in this market you look like a genius.

Thanks for the comment, Dan.

The frenzied - and risky - lending of the past couple years reminds me of the willy-nilly investing that inflated the Internet bubble. The big difference, of course, is the fallout when those loans went bad is far more widespread and damaging to the broader economy than when the dot-com bubble burst. - Suzanne

I worked for Wells Fargo and was terminated on August 8th 2008 because my customers did not have to refinance. When purchase business slowed down Wells Fargo Management pushed loan officers - basically I was told to lie and convince my customers to refinance. I prided myself on the fact that I always gave my customers the lowest interest rate possible (that Wells Fargo would allow me too) so that they did not have to refinance. Wells Fargo tries to hide behind squeaky clean image but what they don't want you to know is that they were the #1 Subprime Lender in 2007. They sold bad paper to FANNIE and FREDDIE. Give me a break! I did not write subprime loans but I know there was big incentive. The next Big One is Alt-A and Alt-A Minus. Wells Fargo will be exposed - there day is coming. Mark my words.

Yeah... I also worked for Wells Fargo Financial... Employees are trained to lie and deceive customers into refinancing their homes at a ridiculous interest rate... Wells Fargo is the definition of "predatory lending"!

Christina Madison

I'd like to talk more with you about the Wells Fargo "coverup" you reffer to.

I was a client who is now being hurt by them and the push to distance themselves from these sub prime loans.

Bob

Thank you Christina Madison, John Doe and Bob for stepping forward. I was given a 12.93 usurious interest rate and 10% fees. 5 months into the mortgage loan they started reporting my mortgage payment late. I was never late, not on any house payment I ever had before this loan. I knew I would have my day to see the truth come out