Politics
Politics
Out of context: Reply #8815
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- TheBlueOne0
Well, this is fucking shameless.
"A Wells Fargo executive who oversees foreclosed properties hosted parties and spent long summer weekends in a $12 million Malibu beach house, moving into the home just after it had been surrendered to Wells Fargo to satisfy debts, neighbors said.
The previous owners of the beachfront home in Malibu Colony — a densely built stretch of luxury homes that has been a favorite of celebrities over the years — were financially devastated in Bernard Madoff's massive fraud scheme...."
- well it was bank owned, and bank property, did he move in as perk or did he buy it********
- did the owner do due diligence in his investments or jsut think it was a ok becuase others were investing********
- dont generally demonize the exec and not take in the previous owners personal responsibility********
- after all the property was given up to the owner which is wellsfargo so there use of it is their biz********
- idiotBonSeff
- me? why? did i say soemthing untrue?********
- deathboy, you are hedge.DrBombay
- does a hedge state the truth? was it not wellsfargo property and doesnt that make it their right to do as wished********
- doc u only look for reason that fits your playbook. grow up. its not your birthday********
- or dont whatever u wish but dont expect to be treated like an adult********
- everyone here thinks you are a dick.DrBombay
- Seriously, you see nothing unethical about this at all? There are two America's indeed.TheBlueOne
- what do u see that is unethical? a co. owned property being used in no ill way.********
- Deathboy, I think you're smarter than that. For one, the property is now owned by the bank, not the executive. Did he compensate the bank for it's use?Josev
- compensate the bank for it's use? Wells Fargo received bailout money -- the largest amount paid out at the time it received the $25 billion. Executive compensation abuse is a big issue at the moment.Josev
- received the $25 billion. Executive compensation abuse is a big issue at the moment. This was handled poorly unless he paid for its use.Josev
- the executive paid for the use of it.Josev
- well if wellsfargo didnt know id expect them to fire the person. but almost seems as if they did. and as far as bailout********
- wells fargo was told to take the money and buy weaker banks. if they didnt they very well could have gotten a bad report card from the gov stress tests********
- from the gov stress tests which would hurt them in confidence polls wether true or not.********
- and its a property they own, its not a lavish expenditure. would it be better off not used at all.********
- if the person was told not to use it then yes thats wrong, and the co. should fire their ass********
- im happy ford was smart enough to dodge the trap of gov bailout. makes gov a loan shark that reacts with the public opinions********
- well it was bank owned, and bank property, did he move in as perk or did he buy it