Wednesday, June 13, 2012

In Wake Of Wells Fargo Testimony, Media Should Be Investigating Banks, Not Blaming Housing Crisis On Minorities

In Wake Of Wells Fargo Testimony, Media Should Be Investigating Banks, Not Blaming Housing Crisis On Minorities
"A Wells Fargo whistleblower has testified that during the housing bubble, her bank steered minority loan applicants into subprime mortgages even if they actually qualified for better terms. This testimony highlights the fact that media should be investigating banks and Wall Street to determine whether their malfeasance was the leading cause of the subprime mortgage crisis rather than casting blame on minorities."