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Thinking Outside the Box

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Everyone is outraged (outraged!) over a Wells Fargo exec using a Malibu home that was surrendered by victims of Bernard Madoff. Actually, not everyone is outraged that the bank just didn't put the home back on the market. Ferrell "Burt" Bakman of Coldwell Banker in Beverly Hills, tells the Times he sees no problem with what Wells Fargo did, and that they are really just 'using a property 'as some sort of a bonus.' "It makes sense," he said. "It's thinking outside of the box for Wells Fargo. They just hold on to it as an asset." [LA Times; photo courtesy of] UPDATE: Someone needs a new summer house--and a new job. The Wells Fargo exec, Cheronda Guyton, has been fired, reports the Times.