Wells Fargo has blood on their hands

Maybe someone should punish these bastards. Oh, that’s right, they’re all getting away with it!

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 cashier’s 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.

Here’s 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.

14 thoughts on “Wells Fargo has blood on their hands

  1. I have a very close friend who was extremely close to suicide, suffered a nervous breakdown under very similar circumstances. She signed a mortgage at the urging of her mother who had steered her toward the broker that pushed her into a subprime ARM stating that the rate would remain low and/or she would be able to refinance to a fixed rate witn no problem. She didn’t fully grasp what she was signing, either. Of course, everything he told her was one big lie after another, and when the rate exploded, she tried everything she could think of to save her home. She has worked and scrimped and saved her entire life to able to purchase a home! She was unable to refinance, when she went to a bankruptcy attorney he told her she couldn’t declare bankrupty because her credit was perfect, she went through MODIFICATION HELL with the bank telling her they lost her paperwork NUMEROUS times, etc etc etc. My friend’s story has a “miracle” ending, but my heart breaks for the Rousseaus and for everyone all over the nation who is a victim of these criminals. How the banks/service companies continue to get away with this is beyond comprehension.

  2. It will not be the Obama administration which will even try to punish these banksters for their malevolent deeds. Actually, they may admire them — at the very least, they work to make them possible and to continue making them possible.

    Robert Scheer points out just how close Obama and his highest staffers are to Jamie Dimon, the leader of the bankster pack. Depressing read.

    Tweedle dee and tweedle dum, that’s our choice for president this fall. Do we vote third party to send a message to the Powers That Be and to the Democratic Party (which is not the Dem Party of our youth by a long shot) or…. I know that I cannot vote for Obama for so very many reasons, but I do not welcome the idea of a Romney corporate robot in the office.

    Oh, and a bot programmed by a more than somewhat misogynistic religion. Hhhmm, a president who is known to look down on women or a president who believes that women are not worthy based on his social background and his religion. What a choice.

  3. Happened to one of my father’s high school chums ’bout four years ago out here on the high desert. Lost the family farm, three generations. Blocked the entries with equipment, sealed up the house, started up the truck, went and took a nap with his wife of fifty years.

    I got no problem with the cops gunning me down, as long as i can take a few of these bastards with me.

  4. 1) Mr. Rousseau should have set himself on fire in the lobby of Wells Fargo corporate headquarters. if you’re gonna go out because of a bank, do it publicly and messily: can you imagine the headlines?

    responding to comments:
    2) “a president who is known to look down on women”. Umm…? Lily Ledbetter Act, anyone? Contraception covered in health insurance reforms, including a fix that goes around the ridiculous catholic bishops? Secretary of State Hillary Clinton? Two women sent to the SCOTUS? HHS Secretary Kathleen Sebelius? DHS Secretary Janet Napolitano? I’m sorry, the president’s record is certainly less than perfect, but to say Obama looks down on women seems to be overstating the case by a lot.

    3. Voting for a third party doesn’t work and doesn’t send a message. Sorry to be impatient, but Perot and Nader demonstrated that fact quite well. On the state level -where there are often multiple parties to choose from- it can be helpful. But until the Green Party (or any other 3rd party) has a national constituency, you’re just wasting your vote and probably helping Mitt Romney.

    4) There is no question that we have a dysfunctional government, but that can’t all be lumped on Obama. It wasn’t Obama that declined to do away with the filibuster, for just one example. That was Harry Reid, and he’s now apologizing for that. Do I wish Obama was more like LBJ in some respects, able to bend the senate and house to his will? Yes, I do.

    5) change takes time. Just ask the civil rights movement. Ask the gay community.

  5. Newbury Park? Hell, I live right next door to it.

    And Brendancalling? Obama has been enabling this crap. Voting for him or Romney is voting for your own abuse. That’s where it differs from Perot or Nader. At a certain point, which I think we’ve reached, losing no longer matters. The only thing is not to go gently into that good night.

  6. oh bull-fucking-shit, quixote. There is a WORLD of difference between Obama and Mittens, beginning with the list above.

    Keep tilting at those windmills, I’m sure one will turn out to be a giant someday.

  7. quixote, you may go into that good night anyway you’d like as long as the end isn’t self-induced and premature. So you and Ten Bears need to holster your firearm and stick it out until the bitter end like the rest of us who won’t give the 1% the satisfaction of our early demise. jawbaone, we love ya’ man (unisex phrase), but voting for a third-party in a two-party system is daffy. The issue isn’t Obama, it’s the Clintonite Blue Dog Democrats who think and act like Republicans. Vote ‘every’ Republican out of office in November and then we’ll have something.

  8. Imhotep, I totally agree with you on this.

    That’s why, in a sense, the 2010 shellacking worked out well. We lost seats -and like Susie I think we’ll regain them- but it was at the Blue Dogs’ expense. In fact, just last month, Tim Holden lost his seat. he was a rotten piece of shit blue dog. the guy who won isn’t Noam Chomsky by a long shot, but he IS a friend of labor. That’s an improvement.

  9. looks like three comment posters here have screws loose in their a)empathy and/or b)logic department[s].

    That would be those three posters whose tongues appear to be stuck in a disgusting (embarrassing too!) place on our current Emperor[? ….Pharaoh?]’s anatomy.

  10. if you’re referring to me, imhotep, and allie, I reject your suggestion that we are performing the rhetorical equivalent of analingus on President Obama. I am not familiar with Allie, but I have read enough of Imhotep’s comments to know he’s no fan of the President. Neither am I, for that matter. Google it.

    I not only stand by every single word i said above, I am ready to disprove your claims about “empathy” and “logic”.

    what did I say that was un-empathetic? What did I say that was logically inconsistent?

  11. Finally, realize that the HAMP rules were not set up for the benefit of borrowers. HAMP is a program designed as a giveaway to Pres. Obama’s corrupt friends running the big banks. While showing that you were encouraged to default might be helpful (in some states) in delaying or avoiding foreclosures, in most places, courts have held that this is OK. Almost ALL of the banks routinely encourage borrowers to default and then take their homes. This is simply business as usual.
    The Obama administration supports these efforts, as this is part of the President’s program to end all private home ownership in the United States.

  12. Well, as you’ve noticed Brendan, I bit my tongue and didn’t name those long tongued names.

    I suppose it should be a comfort that you were at least empathetic and logical enough to immediately admit to knowing who was being referred to, but at this stage in ‘the game,’ it’s actually more horrifying. It’s horrifying in that the supposed to seem subtly nuanced and heartfelt, “lesser evil,” ‘partisanship’ (there is only one party, in the ‘game’) of the three of you, is boldfacedly expected to be swallowed yet again – anyone disagreeing being implicitly labeled a selfishly suicidal frothing idiot, with hints of possibly being a winger or Ayn Rander , for good measure – a perfect Bizarro World mirror, I’m pretty sure, of the types of snubs going on against anyone of sound heart and mind posting comments on Winger/Rander sites.

    Capitalism has always been a blood and soul sucking lie – relying on an enormous Slave population, and Breeder Women, meant to feed only a handful and give hope to an ass licking, ‘educated’ management class that they can soon be well fed too – as has Communism.

  13. Further Brendan, it is not really lost on so many of us that Obama’s play to “Gays,” was only a play to Toppers, such as Peter Thiel, and Cheney’s daughter, etc. – just playing to the flavor of the day who have money to piss off on demanding he play their economic game on $issues$ outside of being ‘Gay’ – meanwhile, all other ancient, never corrected issues have been lost and forgotten. The darker skinned, and “The Poor” issues, most significantly, have not been mentioned at all by Obama, along with the, Not a Capitalist, caring about the disenfranchised and not willing to make a buck on the disenfranchised’s backs, who are, also, exponentially falling through the cracks……

    There is only talk, now (rare, gratuitous and meaningless, at that), of saving the “Middle [Still Working] Class,” whatever that means.

Comments are closed.