The irony of the sub-prime problem seems lost on Melissa Murray, vice president of corporate communications for Wells Fargo & Co.: "We have never tolerated, and will never tolerate, discrimination in any way, shape or form in any of our business practices, products, or services," Murray said.
Perhaps if banks had discriminated, i.e. maintained strict standards in scrutinizing the credit ratings of some of these borrowers then the banking industry may have avoided the brunt of the sub-prime meltdown.
What's next a class-action lawsuit against furniture retailers claiming blacks were "forced" to buy furniture on time?