Thursday, July 28, 2011

Oh, yeah! Wells-Fargo Under Investigation

I was dejected the other day after learning that the wealth gap between blacks and whites has widened. With the whole, ignorant debt-ceiling debate, I just wasn't in the mood for bad news.

But finding out Wells-Fargo is indeed being investigated for steering minority customer towards sub-prime loans, even if they qualified for prime rates. It's no secret that the black community has lost billions in wealth due to the bursting of the housing bubble. And Wells has already had to settle with the Federal Reserve. And this isn't the only bank involved in unscrupulous behavior. But learning that the government is gonna do something about this is . . . well, heartening.

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But Don't Jack My Genuis