Monday, July 13, 2009

Wells Fargo Bank Sues Itself

This story is not a humor break. Wells Fargo actually sued itself during a foreclosure. The holder of the 1st Wells Fargoe sued the holder of the 2nd Wells Fargo. Even better, both sides had their own attorneys. Not only are our banks incompetent and effectively insolvent, they are wasting our and their money on idiot attorneys who can't find a better way to foreclose on a house they fully own than sue each other.....or itself rather. Just another sad tail of the stupidity going on in the unwinding of this massive bubble.

Scott Dauenhauer CFP, MSFP, AIF