Posted on 06/23/2016 4:55:05 AM PDT by Kaslin
Market watch recently reported that Wells Fargo stock has plunged into its greatest losing streak in nearly nine years. This comes as little surprise given the fact that the company has experienced a takeover at the hands of radical leftists. Leftists may be experts in certain things like organic gardening, herbal healing, and folk music. But they are not known for their expertise in economics and personal finance. In case you have missed Wells Fargo’s recent radical political shift, here are some of the highlights:
-GOP Convention Boycott. It is pretty difficult to imagine a bank boycotting a major political party and that party not being the Democrats. As bad as the GOP has failed at reeling in big government, the Democratic Party has always been worse. For decades, they have actively promoted massive government as a basic tenet of their political philosophy. Given the clear antipathy towards capitalism shown by Democrats it’s fair to ask what non-economic issue could possible lure a major bank into actually favoring their party. A brief perusal of the Wells Fargo twitter account supplies a ready answer.
-Multicultural Social Media Activism. A couple days ago I took the time to read the last ten tweets on the Wells Fargo twitter page. Of those ten tweets, seven were about “diversity and inclusion.” Six of those seven tweets were specifically about homosexuality. And therein lies the explanation for their decision to boycott the GOP. While you will not see them at the Republican convention, you will still see their floats at every major gay pride parade in America. The Wells Fargo logo is always prominently displayed somewhere between the inflatable penis floats and the men wearing assless chaps and doing pelvic thrusts to the sound of the Village People singing YMCA.
-PRIDE Cards. You don’t have to log on to the Twitter account to get an overdose of gay activism from Wells Fargo. Just visit one of their ATM machines this month, which is now officially LGBT PRIDE Month. When you insert your card this June, Wells Fargo will remind you that we are all “Stronger Together” before inviting you to customize your debit card. Seconds later, a rainbow colored card will appear with the word “PRIDE” emblazoned across the front. From there, you will be directed toward a special link that allows you to choose from an array of four different gay pride debit cards. What a fabulous way to remind everyone that withdrawing is not the same thing as staying in the closet!
-Anti-Bullying Legislation. If you think you can avoid Wells Fargo LGBT activism by doing your transactions with a teller rather than an ATM machine you are wrong. In February, I made the mistake of wearing a purple and black tie into a Wells Fargo branch office. The teller encouraged me to wear it again on upcoming LGBT anti-bullying day, which is also in February. I can remember a time when you could go to a bank and cash a check without hearing about the plight of poor oppressed homosexuals being teased during recess in our government run schools. But at least it helps divert attention from the fact that Wells Fargo has corporate offices in nations that execute homosexuals. Talk about a lethal injection of corporate hypocrisy. I mean, it almost shocks the conscience.
-Trans Flag Incident. The 54-story Charlotte Wells Fargo building was recently lit up in the “transsexual flag” colors in order to protest the allegedly “trans-phobic” North Carolina HB2 law. I hope that some day they will do the same with the Wells Fargo corporate building in Qatar. All of the genital mutilation done there is on an involuntary basis.
-Minority Loan Program. Not all of Wells Fargo’s short sighted and wrong-headed activism is tied up in the LGBT movement. They also have a minority loan program, which focuses more on race than sexual preference. The last time banks started to give people loans based on the lender’s desire for social engineering rather than the borrower’s actual qualifications it almost destroyed the economy. But since the economy has “recovered” the progressives have decided it’s time to try again. If “progress” fails again, we all know what will happen. The government will bail out the banks because the banking industry is no longer truly private. Maybe that’s why leftist social engineers are now overrunning them.
In a nutshell, all of this political extremism makes me nervous for a couple of reasons. First, it is hard to imagine Wells Fargo is doing all it can to maximize my investments when they are putting so much time and effort into divisive identity politics. Second, it is hard to accept that a company that celebrates shortsighted risky behavior can be trusted to take appropriate risks with my long-term investments.
That is why I am withdrawing all of my assets from Wells Fargo after I return from my summer vacation. I would advise other right-thinking investors to do the same. In the end, Wells Fargo progressive politics will never lead toward progress. In fact, it will eventually lead the company toward a financial collapse.
Don’t take my word for it. Keep your eyes on the falling stock prices.
Please Freepmail me if you want to be added, readded, or removed
btt
homophiles have transferred San Francisco values
to Charlotte, home of the failed Wachovia chain
Wachovia arrogance will be harmful to Wells Fargo
I am in the process of refinancing and getting away from Wells Fargo. FINALLY!
Did you know that May Ann for Gilligan’s Island (Dawn Wells) Her grandfather is is the Wells in Wells Fargo
Wachovia was decent, but were taken over by the scumbags running First Union. First Union basically needed to replace their name and reputation and they used Wachovia. It was no surprise that Wachovia failed later.
thanks, do all banking online with WF. ATM machine I never even use one anymore. So unaware of the extras on the ticket when doing a withdrawal. can no longer do after hours deposits as the after hours deposit is now locked. Soon it will be removed. been looking to leave WF, now is the time.
There goes the 20 bucks in my checking account!
I have a credit card with these knuckleheads. Does this impending collapse mean I won’t have to pay my bill?
I get what it does to investors, but what does it do to those of us who have VA Home loans through them?
Nothing, really. Should Wells Fargo be bought out, your loan will be serviced by the successor company.
Interesting. My mortgage was initially with them...but got sold somewhere in the process... I usually don’t pay much attention to banks’ stock prices...but have noticed the drop.
You are right about that. I worked for a bank they took over and they were horrible. FUBAR the whole way.
I’ve done contract work for Wells Fargo. Their slavish devotion to the homosexual “cause” made it an extremely unpleasant environment. I couldn’t open my email or the company intranet page without seeing some smug promotion of the deviant agenda.
Genesis 18:20-21
20. Then the LORD said, "The outcry against Sodom and Gomorrah is so great and their sin so grievous
21. that I will go down and see if what they have done is as bad as the outcry that has reached me. If not, I will know."
Genesis 19:4-7
4. Before they had gone to bed, all the men from every part of the city of Sodom--both young and old--surrounded the house.
5. They called to Lot, "Where are the men who came to you tonight? Bring them out to us so that we can have sex with them."
6. Lot went outside to meet them and shut the door behind him
7. and said, "No, my friends. Don't do this wicked thing.
Leviticus niv
18:22 Do not have sexual relations with a man as one does with a woman; that is detestable.
20:13 If a man has sexual relations with a man as one does with a woman, both of them have done what is detestable. They are to be put to death; their blood will be on their own heads.
Isaiah 3:9 The look on their faces testifies against them; they parade their sin like Sodom; they do not hide it. Woe to them! They have brought disaster upon themselves.
2 Peter 2:13b Their idea of pleasure is to carouse in broad daylight. They are blots and blemishes, reveling in their pleasures while they feast with you.
Ezekiel 16:49-50
49. "`Now this was the sin of your sister Sodom: She and her daughters were arrogant, overfed and unconcerned; they did not help the poor and needy.
50. They were haughty and did detestable things before me. Therefore I did away with them as you have seen.
1. But there were also false prophets among the people, just as there will be false teachers among you. They will secretly introduce destructive heresies, even denying the sovereign Lord who bought them--bringing swift destruction on themselves.
2. Many will follow their shameful ways and will bring the way of truth into disrepute.
3. In their greed these teachers will exploit you with stories they have made up. Their condemnation has long been hanging over them, and their destruction has not been sleeping.
4. For if God did not spare angels when they sinned, but sent them to hell, putting them into gloomy dungeons to be held for judgment;
5. if he did not spare the ancient world when he brought the flood on its ungodly people, but protected Noah, a preacher of righteousness, and seven others;
6. if he condemned the cities of Sodom and Gomorrah by burning them to ashes, and made them an example of what is going to happen to the ungodly;
7. and if he rescued Lot, a righteous man, who was distressed by the filthy lives of lawless men
8. (for that righteous man, living among them day after day, was tormented in his righteous soul by the lawless deeds he saw and heard)--
9. if this is so, then the Lord knows how to rescue godly men from trials and to hold the unrighteous for the day of judgment, while continuing their punishment.
10. This is especially true of those who follow the corrupt desire of the sinful nature and despise authority. Bold and arrogant, these men are not afraid to slander celestial beings;
11. yet even angels, although they are stronger and more powerful, do not bring slanderous accusations against such beings in the presence of the Lord.
12. But these men blaspheme in matters they do not understand. They are like brute beasts, creatures of instinct, born only to be caught and destroyed, and like beasts they too will perish.
13. They will be paid back with harm for the harm they have done. Their idea of pleasure is to carouse in broad daylight. They are blots and blemishes, reveling in their pleasures while they feast with you.
But there IS hope!!!
1 Corinthians 6:9-11
9. Do you not know that the wicked will not inherit the kingdom of God? Do not be deceived:
Neither the sexually immoral nor idolaters nor adulterers nor male prostitutes nor homosexual offenders
10. nor thieves nor the greedy nor drunkards nor slanderers nor swindlers will inherit the kingdom of God.
11. And that is what some of you were. But you were washed, you were sanctified, you were justified in the name of the Lord Jesus Christ and by the Spirit of our God.
If you could NOT change, you would be in most pitiful shape...
PING!
Thanks for this-guess I need to close my account.
Which bank is less homo happy?
I don’t keep up with these things but I thought at one time Warren Buffett had a big stake in WFC.
BTW, he recently let it be known he is in favor of EXPANDING the Earned Income Refund. I did not know he was in favor of more national welfare because that is exactly what it is. Maybe he should just pay the tax bill he has been fighting since something like 2002 if he wants to share HIS money. Of course like most libs, they are great sharing other people’s money.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
