Baltimore City is suing Wells Fargo, accusing it of pushing sub-prime loans on people who qualified for prime loans, singling out African Americans for mortgages they couldn't afford, pushing many into foreclosure and ultimately leaving the city to pick up the pieces.
01 July 2009
Pimping Of The People: Baltimore's Sub Prime Scandal
Baltimore City is suing Wells Fargo, accusing it of pushing sub-prime loans on people who qualified for prime loans, singling out African Americans for mortgages they couldn't afford, pushing many into foreclosure and ultimately leaving the city to pick up the pieces.
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