The Psychopaths Killed Another American

The Psychopaths killed another American this month. Dave Johnson over at AlterNet is telling the story of Norman Rousseau and his wife - two people who did everything they were supposed to do. They were responsible homeowners who did business with Wells Fargo and put a 30% down payment on this home in California back in 2000, and they made every payment from then on - never missing even one single-month. At that same time, the housing bubble frenzy took off. Banks discovered they could make enormous profits dragging homeowners away from safe fixed-rate mortgages and into exploding adjustable rate mortgages. For the bank, it didn't matter if the interest rate on the new loan would skyrocket and eventually lead to a foreclosure. The bank got their money no matter what, either through missed payment fees, late-payment fees, refinancing fees, and then after foreclosure through government support, tax write-offs, and the underlying value of the property. As a corporation, a bank Wells Fargo only has one obligation: increase profits for its shareholders - that's it. To hell with their customers, their community, their nation. Just as long as they're hitting that bottom-line goal, then Wells Fargo is doing exactly what it's legally obligated to do. If Wells Fargo was a person, and didn't give a damn about their fellow man and was willing to do whatever it takes - lie, cheat, steal, kill - for profit, then we'd call that person a psychopath. If a psychopath had defrauded a person ...

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