2012-03-30 — econintersect.com
When Wells Fargo CEO John Stumpf sleeps, he dreams -- like all good bankers -- about numbers. He probably doesn't dream about the number 600 -- the number of foreclosure packages signed each day by his robosigners. He probably doesn't dream about 14,420 -- the number of conveyance claims fraudulently submitted to HUD in exchange for $1.7 billion from the FHA [Inspector General report.]
And, he almost certainly doesn't dream about his share of laughably small $25 billion penalty he and his fellow bankers might pay to slough off legal liability for the millions of Americans they've helped make homeless (don't know why they're bellyaching...they're all getting $2,000!)
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