Comments on: Mortgage Idiocy — Bank Sues Itself Which Denies Charges http://www.dvorak.org/blog/2009/07/12/mortgage-idiocy-bank-sues-itself-which-denies-charges/ General interest observations and true web-log. Sat, 21 Nov 2009 14:46:40 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: killer duck http://www.dvorak.org/blog/2009/07/12/mortgage-idiocy-bank-sues-itself-which-denies-charges/comment-page-1/#comment-1552301 killer duck Mon, 13 Jul 2009 14:33:12 +0000 http://www.dvorak.org/blog/?p=52991#comment-1552301 Wow imagine that, lawyers taking advantage of federal bailout funds to sue themselves. Who would have ever thought lawyers could be so tricky. Wow imagine that, lawyers taking advantage of federal bailout funds to sue themselves. Who would have ever thought lawyers could be so tricky.

]]> By: Mr. Fusion http://www.dvorak.org/blog/2009/07/12/mortgage-idiocy-bank-sues-itself-which-denies-charges/comment-page-1/#comment-1552103 Mr. Fusion Sun, 12 Jul 2009 18:51:13 +0000 http://www.dvorak.org/blog/?p=52991#comment-1552103 RE #6, For a source, I should have <a href="http://articles.latimes.com/2009/jun/10/business/fi-wells-fargo10" rel="nofollow">added this.</a> RE #6,

For a source, I should have added this.

]]> By: Mr. Fusion http://www.dvorak.org/blog/2009/07/12/mortgage-idiocy-bank-sues-itself-which-denies-charges/comment-page-1/#comment-1552101 Mr. Fusion Sun, 12 Jul 2009 18:42:49 +0000 http://www.dvorak.org/blog/?p=52991#comment-1552101 #4, new, Wells Fargo claims they didn't want the TARP funds but were forced to take it. Not exactly. They were forced to take it by their regulator as they were under capitalized at the time. They have NOT paid it back as the FED feels they are still too under capitalized to pay it. They were told they had to raise almost $14 Billion in private, non government backed capitol by November to be rated sound. So far they have only found less than $9 B. #4, new,

Wells Fargo claims they didn’t want the TARP funds but were forced to take it. Not exactly. They were forced to take it by their regulator as they were under capitalized at the time.

They have NOT paid it back as the FED feels they are still too under capitalized to pay it. They were told they had to raise almost $14 Billion in private, non government backed capitol by November to be rated sound. So far they have only found less than $9 B.

]]> By: AdmFubar http://www.dvorak.org/blog/2009/07/12/mortgage-idiocy-bank-sues-itself-which-denies-charges/comment-page-1/#comment-1552096 AdmFubar Sun, 12 Jul 2009 18:27:24 +0000 http://www.dvorak.org/blog/?p=52991#comment-1552096 seem the banks are being controlled be the spirit of rod serling seem the banks are being controlled be the spirit of rod serling

]]> By: newrepublican http://www.dvorak.org/blog/2009/07/12/mortgage-idiocy-bank-sues-itself-which-denies-charges/comment-page-1/#comment-1552094 newrepublican Sun, 12 Jul 2009 18:13:10 +0000 http://www.dvorak.org/blog/?p=52991#comment-1552094 Ignoramus! Wells Fargo didn't ask for bailout money in the 1st place - and repaid it as soon as legally allowed. Taxpayers own none of WF. If you read the 1st sentence of an admittedly convoluted post of a copy of a post of a whatever - you'd know WF is complying with Florida state law. Which is, after all, written by lawyers and other crooked politicians. Cripes. Which is it? 6th grade reading levels? Or comprehension? Ignoramus! Wells Fargo didn’t ask for bailout money in the 1st place – and repaid it as soon as legally allowed. Taxpayers own none of WF.

If you read the 1st sentence of an admittedly convoluted post of a copy of a post of a whatever – you’d know WF is complying with Florida state law.

Which is, after all, written by lawyers and other crooked politicians.

Cripes. Which is it? 6th grade reading levels? Or comprehension?

]]> By: nikgare http://www.dvorak.org/blog/2009/07/12/mortgage-idiocy-bank-sues-itself-which-denies-charges/comment-page-1/#comment-1552091 nikgare Sun, 12 Jul 2009 18:01:15 +0000 http://www.dvorak.org/blog/?p=52991#comment-1552091 Your bail out money's paying for this fiasco - doesn't it make you feel proud? Your bail out money’s paying for this fiasco – doesn’t it make you feel proud?

]]> By: Mr. Fusion http://www.dvorak.org/blog/2009/07/12/mortgage-idiocy-bank-sues-itself-which-denies-charges/comment-page-1/#comment-1552088 Mr. Fusion Sun, 12 Jul 2009 17:59:03 +0000 http://www.dvorak.org/blog/?p=52991#comment-1552088 This is strictly keeping legal procedures. If WF didn't name itself then it could end up losing any claim on the second mortgage. A Judge makes his decisions on what is in front of him, he can't guess or put something into the record on his own. But it sure sounds silly. This is strictly keeping legal procedures. If WF didn’t name itself then it could end up losing any claim on the second mortgage. A Judge makes his decisions on what is in front of him, he can’t guess or put something into the record on his own.

But it sure sounds silly.

]]> By: bballhead http://www.dvorak.org/blog/2009/07/12/mortgage-idiocy-bank-sues-itself-which-denies-charges/comment-page-1/#comment-1552084 bballhead Sun, 12 Jul 2009 17:46:28 +0000 http://www.dvorak.org/blog/?p=52991#comment-1552084 Is this simply to line the lawyers pockets? Is this simply to line the lawyers pockets?

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