Wells Fargo Bank Sues Itself

Extreme economic problems require extreme solutions, and Wells Fargo Bank has come up with a good one. They have decided to sue themselves. Wells Fargo holds the first and second mortgages on a condominium that is going into foreclosure. As holder of the first, they are suing all other lien holders, including the holder of the second, which is Wells Fargo. It gets better. The company has hired a lawyer to defend itself against its own lawsuit. The defense lawyer even filed this answer to the complaint, "Defendant admits that it is the owner and holder of a mortgage encumbering the subject real property. All other allegations of the complaint are denied." On the website The Consumer Warning Network, Angie Moreschi wrote: "We've apparently reached the perfect storm for complete and utter idiocy by some banks trying to foreclose on homes."

Comments

You can Do that?

[Monkeedude1212]

I'll See Me In court!!!

Re:You can Do that?

[Excelsior]

Recently, I called Wells Fargo and told them to "Go f*** yourselves"; I didn't anticipate they would take me so literally.

Latest news

[Yvan256]

Sales of mattress have started picking up again.

Not if I see me first!

[SmallFurryCreature]

Just for this story we should be able to mod ourselves :)

Re:Not if I see me first!

[EvanED]

Yeah, but you'd immediately have to metamoderate your moderation down, so it works out in the end.

It's a wash.

[Queltor]

Wells Fargo better make sure the loser reimburses the winner's legal expenses!

Coke did this

[travdaddy]

I remember a similar case when Coke sued Coke Zero. It was all over TV a couple years ago.

Schrodinger's Bank

[XiX36]

They will exist in both a state of winning and losing this case regardless of the outcome. Cool! I would ask why this stupidity is allowed to continue but then I remember that people like this thought credit default swaps were a pretty neat idea. . .

Re:Since the lawsuit was filed in Florida ...

[MyLongNickName]

Why not hire him for both sides and let him have the experience of actually winning a case?

Re:Not only act of idiocy

[FiloEleven]

It's only confusing if you assume that corporations are one monolithic entity.

In fact, they're the exact opposite of a monolithic entity.

The monolith made our monkey ancestors more intelligent. Corporations are making us more stupidity again =(

Re:Suing yourself is collusive litigation.

[cbiltcliffe]

The judge is probably a Monty Python fan, and he's going to let the whole trial go through.

Then, at the end, he's going to say:

"I'm ruling against Wells Fargo, and in favour of Wells Fargo."

Then, promptly get up from the bench, and return to his chamber, all the while laughing at the sound of lawyer's heads exploding in the courtroom.

Re:Not only act of idiocy

[AndersOSU]

I hope the judge fines the plaintiff and the defendant for wasting his time.

Re:Since the lawsuit was filed in Florida ...

[Anonymous Coward]

He'd be the only one who could pull off making the case even more strange by causing both sides to lose.

Noooo!! Tag article as LOOPBACK

[Anonymous Coward]

This is just sad.

No, no, NO! You don't understand. This is a case of corporate autoimmune disease (think rheumatoid arthritis)...or management has unlocked the mysteries of 127.0.0.1 .
 
Yep, that's gotta be it. Loopback.

Re:Suing yourself is collusive litigation.

[tnk1]

"To make this easier, the Court has decided to give code names to the two sides in the litigation. Let the record show that the Plaintiff, Wells Fargo Bank NA, will henceforth be known as Fucktard, and the Defendant, Wells Fargo NA, will be known as Asshat. The counselors are instructed to refer to their clients by the names given by the Court in order to clarify the record. Failure to do so will result in a contempt citation.

Please proceed with your opening arguments, Fucktard."