I guarantee that in 10 to 13 years, Wells Fargo will be begging for responsible White people to bail them out.

I don’t get it. From a business standpoint, they have nothing to gain, everything to lose. Negroes are the world’s worst at living up to commitments, such as making mortgage payments. ?? Smart people comment here. Help me out.

After having seen what happened in 2008, I now know what to do once banks start offering zero down, no doc loans again, and I will take full advantage of this scenario this time.

Mortgages for minorities who will never pay up! Good job!

This has nothing to do with social justice but pure economics – All banks knows that the default ratio in the white community is quite low and people strive very hard to pay back their loans and not be declared as bankrupt which affects their credit standing and name – Blacks , muslims,hispanics etc have no such qualms – That would mean that the bank can quickly repossess and either resell or rent out the same property faster and at a better price thereby keeping the original money received but earning some more

They also have prohibited employees from using Sir and Ma’am when talking to customers.

I have checking, savings and credit card accounts with Wells Fargo. I didn’t choose Wells Fargo: Wells Fargo took over the the bank that I was using.
After I retired and moved across the country, WF tried for three years to charge me for a safe deposit box account that I had closed. WF opened an account that I didn’t need. When I had to have my windshield replaced WF Visa declined the charge because it was “unusual” (No $hit, GI!!). I grumbled something obscene about WF as I took out another card and the people in the auto glass replacement shop replied with a weary “Yes, we know”. I hardly ever use my WF Visa any more because it has been repeatedly hacked into.
The only reason that I keep accounts with WF is that I have several regular, vital/important transactions that occur automatically. I am convinced that if I tried to close these accounts and move to another bank WF would find a way to thoroughly F**k it up.
There may be some decent people in the branch offices but as an institution Wells Fargo ia a nationwide Fuster Cluck.

Well if what you are saying is true, Wells Fargo should be shorted–big time.

Wells Fargo has a rep for cheating their customers.

They really are going out of business this time, but one last sting.
On blax who can’t otherwise get a mortgage (and don’t know any better).

Sell off the mortgages, go bankrupt, but upper management makes out OK.

At least that’s my prediction. We’ll see.

‘advance racial equity in homeownership,’” and “Deploying additional Home Mortgage Consultants in local minority communities.”

Lmao!!

Honestly, what in the name of historical track records could possibly go wrong? This article is either complete and total horseshit or Wells Fucko’s have declared themselves suicidal. From a business standpoint this makes zero sense.

That would mean that the bank can quickly repossess and either resell or rent out the same property faster and at a better price thereby keeping the original money received but earning some more

Sounds great, if the property isn’t destroyed.. I’ve known people dumb enough to rent to nogs, that when forced to go through the 6 to 10 month nightmare of eviction find their property in shambles after the vengeful scum vacated.

We have (unfortunately) a mortgage through WF. A few months ago, I got a notice from them indicating they needed proof that we had homeowners or fire insurance, or something along those lines – mind you, we’ve had this mortgage for years. Until we provided proof, they were going to purchase such insurance for us on our dime. I can’t stand that company – right along with most of the rest of corporate America.

These greasy banks don’t care about negro home ownership. Its all about increasing black checking accounts. Wells Fargo makes $1.4 billion a year on overdraft fees. From their website:

“Our overdraft fee for Consumer checking accounts is $35 per item (whether the overdraft is by check, ATM withdrawal, debit card transaction, or other electronic means), and we charge no more than three overdraft fees per business day.”

Tekesha has a reoccurring monthly direct deposit of $2000. Tekesha has around 10 debit card transactions at the end of the month, every month, of around $50 each, when her account is overdrawn. Wells Fargo, out of pure love, covers the transactions, instead of declining them and embarassing Tekesha. Tekesha ends the month with a minus $850 in her account ($500 in overdrafts, $350 in overdraft fees). 10 days later the $2000 direct deposit rolls in and she starts the month with $1,150. Repeat.

Should Tekesha ever get the foolish idea of cancelling her direct deposit and sticking Wells Fargo with the $850, she will be put on a black list (not joking, this is an actual list maintained and shared by banks). She will be unbankable.

What really gets the bankers juices flowing is when Tekesha’s Earned Income Tax Credit is direct deposited in her closed, overdrafted account, because she forgot to change the bank info on her tax return.

Won’t take that long. I give it a year.

I don’t get it. From a business standpoint, they have nothing to gain, everything to lose. Negroes are the world’s worst at living up to commitments, such as making mortgage payments. ?? Smart people comment here. Help me out.

This has nothing to do with business just like the TV commercials that show mostly blacks and almost no whites have nothing to do with selling more products. This is about cultural Marxism and completing our culture change. This is about the group that controls our institutions destroying White civilization and making Whites a subordinate race.

I guarantee that in 10 to 13 years, Wells Fargo will be begging for responsible White people to bail them out.

I don’t think so. The system is so gamed now the cultural Marxists are insulated from any self inflicted damage. The most woke entity in the world, BlackRock Investments, which pulls the strings on the largest corporations and banks to push the anti-White agenda, is also the largest private company with $10 TRILLION in assets.

I doubt it will take that long.

>Kristy Fercho

For those who don’t bother to look, she’s black — link

But I don’t believe she alone is responsible for this policy, whatever the details of it are.

Might want to consider joining a credit union. You can obtain a credit and a debit card through them and it’s been my experience (I have had three separate accounts at three different institutions and each has gone out of their way to accomodate me when asked) that they are far more attentive to their customers than are banks.

Wells Fargo got in a little trouble a few years ago for questionable lending practices. Now they’re trying to appease the regulators by going full woke, not just lip-service woke. There’s definitely a market out there for risky loans, so they will get away with it for a while. Unless they can quickly unload the loans, look for them to be bought out in a couple years. Too big to fall.

“Wells Fargo is a nationwide fuster cluck”… now you know why. When a company becomes so profitable that their leadership makes more in a single year than most people make in a lifetime, it allows them to adopt insane policies with little personal repercussions. When the new initiative fails, the leaders jump ship to a new company and start again; and they’re welcomed with open arms and million dollar bonuses. All that matters is they pushed the “right agenda”.

Companies like Wells Fargo, who have a questionable reputation already, are a magnet for corporate grifters who reside in the “DEI” sector. The good news is without massive government intervention, these types of companies eventually fail. Unfortunately that scatters the fecal people far and wide to infect other businesses.

Leftism is a mental disorder devoted to blasting holes in one’s own ship.

They won’t have to beg. First of all, they’ll long since have securitized and sold off the mortgages to institutional investors, pension funds and the like. They retain token tranches only to the extent required by law.

Second, the taxpayer backstops the vast majority of mortgage debt in the country today, and this goes treble for lending to minorities.

This makes sense. It brings to mind the evil, rapacious behavior of Bank of America. All the major banks should be broken up and their former leaderships subjected to intensive investigation.

I guarantee that in 10 to 13 years, Wells Fargo will be begging for responsible White people to bail them out.

No, they will be demanding for responsible white people to bail them out, through their bought-and-paid-for whores in Congress and Congress will oblige, because the deep-state tail (of which banking institutions are no small part) wags the government dog.

They’re prioritizing non-white borrowers – not lenders. Fix your title and delete this comment.

I don’t get it. From a business standpoint, they have nothing to gain, everything to lose.

They are sure that at least tacitly, the federal government will back stop the bad loans.

Doesn’t matter if it’s houses, cars or home furnishings- blacks are notorious for non-payment and then getting said items repo’d. It’s like they think that after they’ve made a few payments, it’s fine to just stop because they don’t like the monthly bill. And since they already have the item, it must be theirs since it’s in their possession. Warning letters and calls are ignored. Then, when the inevitable repo takes place, it’s chimpout time along with shrieks of racism and being cheated and done wrong.

o t
Worst Cities 2023 Summarized –

0:36 Bakersfield, CA
1:55 Farmington, NM
3:05 Las Vegas, NV
4:11 Detroit, MI
5:33 Florida City, FL
6:43 McAllen, TX
7:46 Jackson, MS
9:00 Pine Bluff, AK
10:21 St. Louis, MO
11:22 Mendota, CA

Perhaps it’s time to close ALL my Hells Cargo accounts and find a whiter bank!

Totally agree. But I remember a couple years ago when the nfl and nba had blm bullshit painted on their fields and courts. At the time any based white immediately “boycotted” both and said they were never watching again. Those same “boycotters” are now back watching. I’ve called guys out at work on it. I’ve told them blm is an anti white organization that wants all whites dead and by supporting the nfl they are supporting that mindset. Apparently they just can’t find anything else to do on Sundays. A couple weeks ago i overheard 2 drywall finishers having a discussion about when the probowl was on and who was allowed to play in it. I was about to interject but then i remembered theyre drywall finishers. Id have better luck trying to talk sense into drywall. Fucking makes me sick. I am on my own in this fight. Wouldn’t have it any other way

If you don’t, it’s racism
If you do, it’s predatory lending

I know of an Austrian painter that had a way of dealing with that group. Looking back I’d say he may have been the first based white in recorded history. If the guys thar stormed the beaches had known, the would have landed in the soviet union instead. Taken care of the bolsheviks permanently

Video Link

OT: I believe PK ran a similar story in the past.

Man sentenced in death of 4-year-old foster child in his care
https://fox17.com/news/nation-world/man-sentenced-guilty-of-killing-4-year-old-foster-child-in-his-care-rotterdam-new-york-dequan-greene-second-degree-murder-first-degree-manslaughter-child-protective-services-internal-injury-blunt-force-trauma

Excerpts:

Dequan Greene was found guilty of second-degree murder and first-degree manslaughter in the death Charlie Garay in 2020.
…
Medical investigation revealed that Charlie died from extensive internal injury to his liver and intestines caused by blunt force trauma.

Dequan, married to Latrisha, is pictured in court and doesn’t look at all concerned with his fate. He was able to kill a defenseless four-year-old white kid, so he’s happy. The little kid should never have been put anywhere near this evolutionary throwback. The picture of little Charlie is just heartbreaking, and it’s clear he never had a chance in life.

I don’t know what the Child Protective Services of Albany County Department of Social Services was thinking when they put Charlie in Dequan’s hands. Hmmm… trying to imagine the CPS office… a bunch of foul-tempered 300-pound-plus water buffaloes who didn’t give a damn about the little white kid but were happy to let Dequan make a few extra bucks off of the system for taking him in.

Clark Kent————This is a classic example of virtue signaling.Either the amount ,ahh “invested” in negro housing is trivial; or the taxpayer is on the hook.

Jungle is right. It looks like a scene from a country in duh mudderland.

I wouldn’t want to live within ten miles of such a location.

Howa.308————-Classic OOK and EEK————White people would be at work.

do any of these blacks have a job? a swarm of termites appeared. fat termites.

next time go by at 5 am and repo.

thx

Probably going with a local credit union is the way to go.

Agreed. None of my friends or family members, to the best of my knowledge, has given up on nigraball. Everyone talks about last night’s game or the upcoming one – unbelievable – they just can’t see the light (or maybe black hole) and let it go.

We can blame BIPOC, feminists, gays, communists, capitalists, trannies, and their Hebraic overlords, but come on, this is FOOTBALL COUNTRY! What are you, a pussy!?

WF CEO Charles W Scharf got in trouble in 2020 for saying they’re having trouble hiring blacks for top management positions because of their “very limited pool of talent”, so now he has to pretend that they have unlimited talent, and always pay their bills on time

I know of an Austrian painter that had a way of dealing with that group. Looking back I’d say he may have been the first based white in recorded history. If the guys thar stormed the beaches had known, the would have landed in the soviet union instead. Taken care of the bolsheviks permanently

He knew them for exactly who they were.

O T
https://vigilantlinks.com/2023/01/minnesota-to-require-teachers-affirm-transgender-ideology-critical-race-theory-for-license-critics-say/

GEORGE F WOULD BE PROUD.

I’ve been criticizing White men for supporting professional “sports” for more than a few decades. I never watched that garbage…
Not only the “Negro Felon League” and the “Negro Basketball Association” but even that bastion of truly white skills, NASCAR has been infected with “woke” ideology. When (((they))) banned the “Stars and Bars” flag, a part of their history, NASCAR sealed its fate, along with the promotion of substandard “affirmative action” negro driver “bubba” wallace complaining about “racist” garage door pulls, triggering a FBI “investigation”, NASCARs fate was set. To add insult to injury, recently “bubba” wallace’s typical black violent tendencies were on full display.
Let’s not forget the billions spent by White male “sports fans” on negro ball jerseys, caps and other “trinkets”, overpriced game tickets and taxpayer-subsidized stadiums (playpens), all to benefit the (((owners))) of the criminal steroid-addled costumed players who are paid millions of dollars to play children’s games.
“Bread and circuses” which are provided to “quell the masses” are just as successful now as they were in ancient times…
It is disgusting to see White men spout off useless and meaningless sports statistics and the adulation that they give these costumed players (actors). It is just sickening to see White men debase themselves while not giving a damn about the country..
I realize that negro ball is “entertainment for the masses” and do look down derisively on grown White men who sport their favorite negro ball players clothing or other accouterments. I think to myself: “don’t you have anything better to do?”
There are much better things for white men to do than watch negro ball sports.
Build something…repair something…study philosophy or technical journals on something that interests you, make something better, improve yourself and your standard of living and devices…use your wisdom and knowledge to get your fellow Whites to THINK for themselves, not what to think, but HOW to think and to not just accept the pablum, lies and falsehoods of the mainstream media and useless professional sports.
Message to White men: Get away from the negro ball. You are much better than that…

National debt at 21 TRILLION may mean the old ways of bailouts for government’s pet failures will no longer work. Of course I’ve been wrong for a long time (since back when the national debt was around the tiny figure of 4 trillion or so), as I am such a piker where Keynesianism is concerned.
As a wise economist once said, “Never underestimate the ability of the political class to forestall the inevitable. Yet still the inevitable will eventually arrive.”

Be careful, Ron. Perhaps the next banking crisis will be handled as Ronald Reagan handled the Savings and Loan crisis, and not as Bush and Obama handled the last financial house of cards. History repeats itself, but not exactly in the same way with each problem.

That’s why vehicles are now so easy to locate, and enter. They are increasingly repoed from neutral areas such as employer parking lots, Walmart, etc. It’s big money to own a tow truck these days.

There will be no begging or even asking nicely, there will be taking however

If you can get a similar or better rate why not refi and leave???

I hardly ever use my WF Visa any more because it has been repeatedly hacked into.
The only reason that I keep accounts with WF is that I have several regular, vital/important transactions that occur automatically. I am convinced that if I tried to close these accounts and move to another bank WF would find a way to thoroughly F**k it up.

Being a pussy is no way to go through life and you sound like a pussy who can’t cancel a credit card, but if that’s your scene, go crazy with it. Doesn’t affect me.

Cleveland, Ohio is one of the Ground Zeroes (Grounds Zero?) for the 2008-era housing crisis. A post-industrial big city ruined by blacks, who then spread out and ruined/hollowed out most of the many inner-ring suburbs, it was a perfect storm: Lotsa empty houses and lotsa “oppressed” negroes. And one stupid, greedy, cucked U.S. government.

Here are two columns from the Cleveland paper from that time:

Here is a fiftysomething groid with a high-paying union job who can’t pay his monthly mortgage of $1300. Facing foreclosure, he is required to undergo financial counseling. They discover that he spends $1200 every month on lottery tickets.

https://www.cleveland.com/metro/2008/01/the_foreclosure_crisis_he_didn.html

And a 39 year old groid female. Mother of three, and, already at 39, a grandmother of five. She is a ninth grade dropout. Her youngest kid, a 10 year old boy, drowns at church camp, and she gets $500,000. She pays cash for a $100,000 house. Are her worries over? Uh, no. Go on and read how she loses the house and moves in with her mother.

https://www.cleveland.com/metro/2008/01/the_foreclosure_crisis_dream_h.html

Yes, totally agree Ron West. Opportunities galore to be repeated!

The trouble is that you have to be, umm… shall we say not quite White?

“Leftism is a mental disorder devoted to blasting holes in one’s own ship.”

Nicely put, but I think this is a bit more accurate:

Leftism is the mentally ill belief that ships never sink when you blast holes in them. Ships sink because white men are evil.

Even more accurate would be,

Leftism is the perfectly rational belief that (((We))) can blast as many holes in the ship as we like; when they start to sink, (((we’ll))) just loot the cargo, find another ship, and start all over again. After all, we’ve done it hundreds of times before, and nobody ever stops us.

All the major banks should be nationalized and their executives, major shareholders, directors and lobbyists should have their assets confiscated and be imprisoned for life or lawfully tried and executed. Made your good point even better.

…codified anti-Whiteness into law.

1964 – the beginning of the end – for everything that represented White, European (American) civilization. If only the White population at that time could have known THE HALF of the evil, depravity, degeneracy and LIMITLESS anti-White hate that would fill America from shore-to-shining-shore and exported to the whole White world. If only……

They won’t have to beg. They will tell the government to force white people to bail them out.

Time to buy stock in the plywood industry because foreclosures and boarded up homes is going to increase 50x. Wokeness and government misconduct is contributing to the ghettofying of America.

I’ve got an acquaintance who owns about 30 rental apartments and has owned multiple rentals for 40 yrs. His assessment is that the best tenants are Mexicans because they pay cash, usually on time and not too many issues. Second in line are Arabs because they usually pay cash, on time and not too many issues. Third, white trash, lots of late payments and more issues than he usually cares to deal with and eventually they get evicted. Fourth, negroes, always late, short pay, lots of problems, always confrontations and most always get evicted. In every scenario he does a complete rip out of carpeting, cabinets, toilet, linoleum and total repaint because all of the above tenants pretty much are slobs. He has a painting biz so spray paints one color and isnt particular of over spray. Cabinets and plumbing stuff are all big box bottom shelf stuff he buys bulk when on sale so it really isnt too costly. Exterminator visits, monthly to keep the creepy crawlers under control. I don’t know how he puts up with it because evictions are always happening and usually cost him some extra cash. After all of that he still makes a lot of $$$ every month and lives a pretty good life.

No sub 4% rates anymore…

Remember Angelo Mozilo’s Countrywide? They were purchased by Bank of America. About 46% of their loan portfolio by value went sour. You’d think that mortgage lenders would figure out that owner occupied housing does not fit into the lives of 35% of the population. An effort which managed to extend the penetration of owner-occupied housing from 65% to 68% of the population turned into a catastrophe for lenders who indulged in it. Now we have Bank of America ready to plunge back in (in a manner that’s facially unlawful). The Gen-X executives who lived through this as middle managers are now doing it again as upper-level managers. Maybe they’ve been stupid meat all their work lives.

Well, perhaps Bank of America’s shareholders should have been wiped out in 2009 and their bondholders had deep haircuts imposed on them. The thing is, this business is so perverse (in addition to being facially unlawful) that it’s hard to imagine what would get through to bankers.

Both those articles are shining examples of TNB when it comes to finances. I see them spending tons of money daily on the expensive scratch offs (buying multiple $10-20-25-30 dollar ones), and also those daily Pick 3/4/5 games. They’ll drop $50-100 on lotto, then tell the clerk to give them $5.72 worth of gas on pump 6. The other thing I noticed is they just scratch off the bottom of the tickets so they can scan if they won or not, they’re too lazy to even scratch the whole ticket as it was intended.

When Wall Street loses a little money, it loses a little money. But when it loses so much that it creates an industry wide crisis, it triggers government and Fed bailouts that are very profitable.

OT: Even major railroad companies get into the DIE act. They provide terrible service but rather than improving it, they choose to play social justice warrior games.

Class I Briefs: UP, CSX
https://www.railwayage.com/freight/class-i/class-i-briefs-up-csx-2/
Excerpt:
“CSX’s contribution and support of the fund’s mission aligns with the company’s strong stance against hate speech, racism and discrimination,” said the Class I, which, in 2020, established a cross-functional social justice advisory roundtable and developed a Social Justice Action Plan to help the railroad combat racial injustice.

You’d think they’d be concerned about rampant train looting by orcs, but apparently the real problem is Whitey.

Actually, the banks received bridge loans, which they paid back. The interest rate on the loans was concessionary, but the principal was outstanding for only a few years as a rule. Where the Fed and the Treasury really sustained losses keeping an actor afloat was in financing Fannie Mae and Freddie Mac. The rescue of AIG also cost a packet.

the guy is anti white.

Art Deco——Since it is all about “The Optics” in 2023 America,i suggest a “win” for the Biden Administration. Simply relabel prison cells as condo units and black owner occupied housing increases dramatically. With the right incentives,this property right could be passed on the their children.Assuming they can be identified.

o m g a white child.

meanwhile shes at it again

USA, Texas, Representative Sheila Jackson Lee, H.R.61 – Leading Against White Supremacy Act of 2023. https://www.congress.gov/bill/118th-congress/house-bill/61/text

Yes, they got bridge loans to keep them from going belly up. That was the direct part. The indirect part was that as the liquidity programs and cash for trash TARP bailouts kept the big banks solvent, much of the rest of the economy was experiencing debt deflation and insolvency. This allowed the big banks to gobble up real estate and other tangible capital assets on the cheap. The QE program of the Fed then restarted the bubble economy giving the big banks essentially risk-free abnormal returns.

So when the banks make small losses, those are too micro to engineer a wealth transfer. But when they purposely engineer such massive losses the impact is macro: they crash the economy, depress asset prices, and use the solvency created by public assistance programs to transfer assets to themselves on the cheap, while lobbying the same government that any help to the little guy carries that dreaded “moral hazard.” Somehow when it comes to the big guys, moral hazard never seems to matter.

The 2008 GFC, the “Pandemic” and what is about to happen – all engineered wealth transfers using engineered “oopsy daisy” crises as the justification.

Wells Fargo: “we went woke, that made you broke, now we own your home, bloke.”

I agree, government will probably bail them out as too big to fail. I only meant that eventually they would reverse themselves and want white mortgage customers, as those whites would pay their obligations in a timely fashion.

the guy is anti white.

How so? By not wanting to get ripped of by shiftless white trash grifters and moochers? How about the white mooches that don’t pay their white landlord? Are they anti-white too?

Your point in non-sensical. Or perhaps he should only rent to whites whether he gets paid or not? 🙄

The underlying assumption that business cares about profit first is false, the negro worship religion is the prime driver here. It is nothing less than an absolute religious fanaticism, they would sooner bankrupt their entire business, they would sooner sacrifice their own children than renounce their negro worship.

Cleveland, Ohio is one of the Ground Zeroes (Grounds Zero?) for the 2008-era housing crisis. A post-industrial big city ruined by blacks, who then spread out and ruined/hollowed out most of the many inner-ring suburbs, it was a perfect storm:

I lived the first nineteen years of my life in that city. Two of the three neighborhoods I grew up in that were once livable (before forced integration started) are now for all intents, not anymore. At one point, Cleveland proper had nearly a million people living in it, mostly Polish, Italians and hillybillies.. Maybe not ideal for some but it worked for the most part. When I left that toilet in 1986 I swore I’d never live there again. The sad part is there are probably 50 million people right now with similar stories about cities just like Clownland that have been forever mangled by the fatigue of the black plague. Wells Fuckos I guess didn’t learn a thing after the collapse in 08 of the perils of loaning large amounts of money to anyone with a pulse.

“Wells Fargo will also allocate another $150 million to help “more black and Hispanic families achieve homeownership.”

I see another mortgage meltdown like in 2008. I guess there are new suckers born everyday.

MLK DAY
How many murders happen today? what about a xmas type truce?

WF’s operating profit for 2022 appears to be in the vicinity of $15b (with $2t on the balance sheets). The article above says it will invest $250m.
This was developed for their 2023 corporate social responsibility report to show they’re taking DIE seriously and to appease the BLM gods. It could even be a line item under philanthropy expenditure.
Whatever the case, you can be rest assured they’re not doing it because they think it’s an inherently good business idea to hand out money to high risk borrowers (although past scandals prove WF is a stupid company).

Ah, the race we must worship.

Video Link

If you do, it’s predatory lending… with a racism chaser.

They lack the intellectual ability to plan ahead. It’s all in the present for them, because they know that society will eventually bail them out.

You’re confused.

None of my friends or family members, to the best of my knowledge, has given up on nigraball.

I have done it–all sports–professional and college–and I don’t miss it a bit.

We all do what we can….

In the news a lot lately: Two University of Alabama Crimson Tide nigraball players did a capital murder.

https://www.cnn.com/2023/01/17/us/darius-miles-murder-charge-university-alabama-basketball-tuesday/index.html

There should be a rule that they can’t recruit academically unqualified feral hoodrats that may revert to genetically progammed behavior. They are like pitbulls that suddenly attack their owners or their owners’ children after years of ownership. A time bomb waiting to go off.