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NYT Details HUD Claim on Wells Fargo; Inmate Weighs In

“As we told you earlier, HUD is examining Wells Fargo. New: The New York Times says the agency calls its Black homeownership efforts discrimination.” — Hank Ledger, on air

On air: Hank Ledger on The Recap
Published
Updated · aired 2 times

At a glance

  • First reported by The New York Times: “Trump Administration Investigates Wells Fargo for Race-Based Lending”.
  • Covered on BBN on Wednesday, October 7, 2026, at 6:57 PM ET on The Recap, by Hank Ledger; aired 2 times.
  • Topics: Wells Fargo, Trump.
  • BBN covered this story before: Wells Fargo Probe Now Joined by Fed Minutes Dissent (October 7).

The real story

The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.

  • The New York TimesTrump Administration Investigates Wells Fargo for Race-Based Lending

What BBN said about it

  1. Hank Ledger · Lead AnchorAs we told you earlier, HUD is examining Wells Fargo. New: The New York Times says the agency calls its Black homeownership efforts discrimination.

  2. Hank Ledger · Lead AnchorThat's the agency's claim, not a finding. To discuss, Gordon Pettibone-Haynes, Inmate number 40417, joins us from a minimum-security prison. Gordon, welcome.

  3. Gordon Pettibone-HaynesThanks, Hank. The food here is great, if you enjoy beige. I have strong views on banks and federal letters.

  4. Hank Ledger · Lead AnchorPer the Times, HUD says the bank's outreach programs amount to discrimination. The bank hasn't been found to have done anything. What's your read?

  5. Gordon Pettibone-HaynesHank, when a federal letter shows up, you don't read it, you eat it. I learned that the hard way, with a spreadsheet.

  6. Hank Ledger · Lead AnchorGordon, are you saying you ate evidence? Because Tennessee was just ordered to preserve some.

  7. Gordon Pettibone-HaynesNo comment. But my lawyer says mustard helps, and that is a hypothetical I am having out loud.

  8. Hank Ledger · Lead AnchorNoted. The Times angle is regulatory and reputational pressure on the bank. How do banks usually handle that?

  9. Gordon Pettibone-HaynesCalmly, with a press release shaped like an apology. I once wrote nine. Eight were for a boat I didn't own.

  10. Hank Ledger · Lead AnchorSo the boat is why you're there. Gordon, did you at least enjoy it?

  11. Gordon Pettibone-HaynesThe boat? Sure. Now I fold laundry for a man named Tiny, and honestly, the margins are better.

  12. Hank Ledger · Lead AnchorWe'll have to leave it there. Gordon Pettibone-Haynes, thank you. To be clear, this is an investigation, not a ruling.

  13. Hank Ledger · Lead AnchorWells Fargo has not been found liable.

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Also on air

The story so far

  1. Bombers Leave UK, Wells Fargo Upgraded, Diesel Rules Ease · Seeking Alpha
  2. Fed Probes Big Banks' Private-Credit Risk, Benzinga Says · Benzinga
  3. SPY's 11:35 Candle: Small Move, Big Mystery · Bloomberg.com
  4. Wells Fargo Shares Slip; Hurricane Watch; Plague Cases · New York Post
  5. Wells Fargo Probe Now Joined by Fed Minutes Dissent · Washington Examiner
  6. NYT Details HUD Claim on Wells Fargo; Inmate Weighs In (this story)
  7. Wells Fargo Courts Kraken Parent for Crypto Liquidity · CoinDesk
  8. Wells Fargo Upgrades Editas as Gene Trial Gets Australia Nod · Seeking Alpha
  9. USA Today: Inside Trump Probe of Wells Fargo Program · USA Today

From the archive: everything BBN aired on Wednesday, October 7, 2026 · the U.S. archive · all months

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