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Wells Fargo Bank Sues Itself

Posted by samzenpus on from the so-crazy-it-just-might-work dept.

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."

6 of 445 comments (clear)

  1. In all actual seriousness... by Anonymous Coward · · Score: -1, Redundant

    I need to ditch my fucking bank. No seriously, my money is with these loons.

  2. Re:Not if I see me first! by ScoLgo · · Score: 1, Redundant

    Yeah, but I would have to mod myself redundant.

    Dammit.

    --
    "Michael, I did nothing. I did absolutely nothing - and it was everything that I thought it could be."
  3. Re:Not if I see me first! by Anonymous Coward · · Score: -1, Redundant

    Here is a great big **WHOOSH** to whomever modded this redundant.

  4. Re:Not if I see me first! by ScoLgo · · Score: 0, Redundant

    "Actually, I think it's a whoosh to those that modded him funny. The person who modded him redundant was doing his part for a +5 redundant mod, which I think we can all agree was the correct mod."

    Yes, exactly what I was going for as that would have been funny. Ah, well...

    --
    "Michael, I did nothing. I did absolutely nothing - and it was everything that I thought it could be."
  5. Re:Not only act of idiocy by Anonymous Coward · · Score: -1, Redundant

    I suggest we simply have all the executive staff killed on pikes in front of the headquarters offices.

    Honestly, WTF, it's amazing how ragingly incompetent the executives are at corporations let alone the banks!

    When did we promote the stupidest people to be the executives?

  6. Re:Not only act of idiocy by tnk1 · · Score: 0, Redundant

    You might be confusing Stargate with 2001: A Space Odyssey, by Arthur C. Clarke, a little bit.