Wells Fargo Exec Who Partied in Foreclosed Beach House Loses Job

Well, at least one banking executive is personally feeling the pain of the foreclosure crisis: Wells Fargo has fired a top employee who moved into a foreclosed Malibu beach house and threw lavish parties all summer there, the Los Angeles Times reports.

Cheronda Guyton, a senior vice president responsible

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Creating New Businesses From the Ruins of Bank-Owned Homes

In every downturn, there’s always an entrepreneur who finds a way to create a business opportunity out of terrible financial circumstances. This recession is no exception. Jon Lansner at the OCRegister. com reports that “land consultants” are popping up to help banks do something with their foreclosed bank-owned homes More…