Wells Fargo Steals Four Hundred Homes, Citing “Computer Glitch”

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Wells Fargo is just the worst. Cenk Uygur and Ana Kasparian, hosts of The Young Turks, discuss.

“Darn it, those people at Wells Fargo have the worst luck. There they were, in the middle of the “reimagining” of their company all over television, and some gremlin gets into the works and makes Wells Fargo look as though it’s still picking people’s pockets again. From CNN, via Reuters:

Hundreds of people had their homes foreclosed on after software used by Wells Fargo incorrectly denied them mortgage modifications. The embattled bank revealed the issue in a regulatory filing this week and said it has set aside $8 million to compensate customers affected by the glitch. Wells Fargo said the computer error affected “certain accounts” that were undergoing the foreclosure process between April 2010 and October 2015, when the issue was corrected.”*

Read more here: https://www.esquire.com/news-politics/politics/a22662085/wells-fargo-foreclose-homes-computer-glitch/

Hosts: Cenk Uygur, Ana Kasparian

Cast: Cenk Uygur, Ana Kasparian

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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)

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