Ethics

Worst Persons

There's supporting the troops. And then there's kicking the troops in the balls.

This would certainly fall in the latter category.

According to a whistleblower lawsuit, some of the nation’s biggest banks, including Wells Fargo, Bank of America, and J.P. Morgan Chase, “defrauded veterans and taxpayers out of hundreds of millions of dollars by disguising illegal fees in veterans’ home refinancing loans.” Under VA rules, mortgage lenders are not allowed to charge attorney’s fees, so the banks allegedly instructed mortgage brokers “not to show attorney’s fees on their estimates, but to add them to the title examination fee.” The plaintiffs in the case claim that 90 percent of refinanced loans to veterans included the illegal fee.

Despicable.

What was Herman Cain saying about not blaming the banks?