I’m no fan of Warren. She is an opportunistic liar and a fraud. But she is right about Wells Fargo.
Those big banks do terrible things. And when they get caught, they pay a small fine. Everyone involves gets a golden parachute and lives (and laughs) happily ever after.
Wells Fargo employees were setting up fake bank accounts, using the names of real customers. Those customers were paying fees on accounts they didn’t know they had. That is theft. Warren is right. People should be going to jail here.
I don't understand how this happens. Did they not notice the additional fees?
Those fees had to come out of accounts that actually had money. Depending on the type of account, a minimum amount was required to open the account.
We notice unusual charges immediately. Doesn't anyone reconcile accounts anymore?
Don't get me wrong -- I'm not blaming the customers for this theft. But, I'm surprised at how far it spread before it was exposed.
I've been a Wells Fargo customer for decades. I've never noticed anything shady like this. But, maybe they noticed that I log in to the bank website on a regular basis.
Yes, I stay away from the big collective farm banks like Wells Fargo, Chase, Citi and all the rest. I’ll stick with the mid-size regional banks. They aren’t perfect but they are far better.
However, Liawatha speak with forked tongue. She make heap big stink over wampum boss, but she take much wampum herself. She take away our thundersticks too.
“Wells Fargo employees were setting up fake bank accounts, using the names of real customers. Those customers were paying fees on accounts they didn’t know they had.”
And the people above them were getting bonuses, not reprimands. Lock em all up. We’re destroying faith in ALL the institutions possible, I guess. How long before the real coup starts?
“I’m no fan of Warren. She is an opportunistic liar and a fraud. But she is right about Wells Fargo.”
Yeahhh, but it doesn’t take a whole lot of talent or brains to say what she said to the guy. What if it turned out to be a woman instead? Would she have gone off on a woman like that? I sincerely doubt it.
More or less why I made no comment on the Wells Fargo side of this.
Point is, Hillary, her choice for the highest office in the land, should share the same fate she is calling for here... But Hillary is measured with a different ruler.
Three observations.
Why should employees in the private sector go to jail but government employees never do?
I assume most of the fired 5,300 employees were young. I wonder why there isn’t some discussion about the failure of the education bureaucracy to teach morality for helping cause this failure. I can’t imagine it being this widespread and happening 30 years ago.
The banks fine will go into a fund to fund liberal groups pushing big government and the decline in morality.
Those big banks do terrible things. And when they get caught, they pay a small fine. Everyone involves gets a golden parachute and lives (and laughs) happily ever after.
Wells Fargo employees were setting up fake bank accounts, using the names of real customers. Those customers were paying fees on accounts they didn’t know they had. That is theft. Warren is right. People should be going to jail here.
That's not how it works. We don't like Warren, so the crooks who run the banks must go unpunished. It's a tidy system.