According to a lawsuit filed by the Rousseaus, in 2002, 2006, and 2007, during Greenspan's bubble, they were solicited by World Savings / Wachovia, now a unit of Wells Fargo, to refinance into dangerous Pay Option ARMs. The final 2007 loan was an egregious negative-amortization, 7.2% interest, $368,000 weapon of financial mass destruction.
Read the Rousseaus' lawsuit against Wells Fargo here.
On Sunday, as foreclosure loomed just two days away, Norman Rousseau went into his garage and shot himself to death.
Greenspan's Body Count stands at 213.
Photo credit: Jr. Deputy Accountant.