From CBS News:
Wells Fargo says a company mistake contributed to hundreds of foreclosures because it miscalculated customers’ eligibility for mortgage modifications.
The bank said in a filing Friday the error caused about 625 customers to be denied, or not offered, loan modifications they otherwise qualified for. Foreclosures were completed in about 400 of the cases.
First off, Wells Fargo is a borderline criminal mafia operation.
Also, one of Warren Buffett’s favorite banks. Stay classy, dude.
This is not a mistake. If it happens less than 10 times this is a mistake. 625 times and you can’t fix the mistake.
Bigly load of crap.
From CNBC here:
- While the Trump administration has said that economic growth would make up for shortfalls from tax cuts and spending increases, the early results do not bear that out.
Do you know what that statement by the Trump administration is? That’s a fake statement, also known as bullshit, lies and propaganda.
When Bush gave a tax holiday the money did not result in economic growth. So when people talk about the evil of fake news this is not a new thing, this bullshit and propaganda by the ruling class has been going for a long ass time.
The American Civil Liberties Union tested Amazon’s facial recognition system — and the results were not good. To test the system’s accuracy, the ACLU scanned the faces of all 535 members of congress against 25,000 public mugshots, using Amazon’s open Rekognition API. None of the members of Congress were in the mugshot lineup, but Amazon’s system generated 28 false matches, a finding that the ACLU says raises serious concerns about Rekognition’s use by police.
The test also showed indications of racial bias, a long-standing problem for many facial recognition systems. 11 of the 28 false matches misidentified people of color (roughly 39 percent), including civil-rights leader Rep. John Lewis (D-GA) and five other members of the Congressional Black Caucus.
You can not make this shit up!
And this system is being used by police departments in the U.S.
Who is watching the watching man here? That’s the question.
From the New York Times:
Corporate income tax collections are near a 75-year low, as a share of the economy, after a new law reduced rates and allowed companies to deduct investments immediately.
It’s fitting that a President who has been repeatedly bankrupt would take the country in that direction, with the cooperation of our fantastic corporate leaders.
The next step will be to cry broke and start dismantling the social safety net even more. It has been mentioned but not pushed yet.
We will see if Trump’s voters voted for this!
You may think that writing about tax collections is boring but when you’re driving around old shitty highways and on crumbling bridges it’s not so boring.
To the half or more of Washington Post staffers who have voluntarily chosen not to be members of their own union: Look in the mirror. Staring back at you is a person who is getting fucked by one of the richest men in the world. Jeff Bezos’ home in your city is a 27,000 square foot mansion with 25 bathrooms, yet he refuses to offer you a raise of more than $15 a week.
Why does Jeff Bezos need 25 bathrooms in his Washington DC house when he can shit all over his employees at the Washington Post?
Headline from CNBC:
US first-quarter growth slowed more than estimated, weighed down by the weakest consumer spending in nearly 5 years
Turns out a bullshit tax cut for rich assholes does not juice the economy and get consumers spending.
It’s not possible for normal folks, black or white, to spend other people’s money and they don’t have much to spend.
Despite Trump’s asshole propaganda.
From Reuters here:
WASHINGTON (Reuters) – A federal judge on Friday dealt another blow to U.S. President Donald Trump’s former campaign chairman Paul Manafort, refusing to dismiss a money laundering charge brought against him by Special Counsel Robert Mueller.
Cuz if they dig a little deeper which they probably already have many smart folks think they’re gonna find records of Trumpy doing the same thing.