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October 21, 2010

Wells Fargo: Foreclosure Practices "Sound and Accurate"
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In related news, the banking giant Wells Fargo has again dismissed calls
to review its foreclosure practices. On Wednesday, Wells Fargo issued a
statement calling its procedures "sound and accurate." Wells Fargo has
faced scrutiny after a company vice president said she had signed as
many as 500 foreclosure documents in a two-hour span without reviewing
them nor even understanding what she was signing. Wells Fargo issued the
statement as it reported a third-quarter profit of $3.3 billion, the
best quarter in its history.



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