Baltimore City officials sued Wells Fargo saying their "predatory lending practices" led to the decline in the city.
I think the people who brought the suit need to be slapped around a lot and then PERSONALLY made to pay court costs.
A federal court judge on Wednesday dismissed Baltimore's landmark lawsuit against Wells Fargo & Co., saying it was "not plausible" that the mortgage giant triggered millions of dollars in damages, as the city claimed, by causing increased foreclosures through racist, predatory lending.
"The alleged connection is even more implausible when considered against the background of other factors leading to the deterioration of the inner city," U.S. District Judge J. Frederick Motz explained in a six-page memorandum opinion accompanying the dismissal order. He pointed specifically to Baltimore's "extensive unemployment, lack of educational opportunity and choice, irresponsible parenting, disrespect for the law, widespread drug use, and violence."
I think the people who brought the suit need to be slapped around a lot and then PERSONALLY made to pay court costs.
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