Tuesday, June 09, 2009

"Ghetto Loans"

Great article from the NY Times about Wells Fargo's business practices and the federal lawsuit that is accompanying those practices. The company in its words had an "emerging-market unit" or as the employees who were more honest about their racism called it, "ghetto loans" for "mud people." I will say that I need to assume anyone using the term mud people was just a racist in their own right and the company shouldn't really be judged on that. But the rest of the shit they can, so fuck 'em.

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