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Wells Fargo Fined $3 Billion in ‘Staggering’ Fake Accounts Scandal
The Epoch Times ^ | February 21, 2020 Updated: February 21, 2020 | Wire Service

Posted on 02/22/2020 4:55:34 PM PST by E. Pluribus Unum

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To: E. Pluribus Unum; All
"federal authorities [???]"

Not good if non-elected swamp bureaucrats made this decision imo.

Remember in November!

MAGA, now KAGA! (Keep America Great Always!)

Supporting PDJT with a new patriot Congress that will promise to fully support his already excellent work for MAGA will effectively give fast-working PDJT a third term in office imo.

21 posted on 02/22/2020 5:47:14 PM PST by Amendment10
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To: American Infidel
Very few realize that the money just gets kicked up to a bloated government agency …

Perhaps the same bloated government agency that created the problem in the first place. Oh, the irony of government interference in the capital markets.

22 posted on 02/22/2020 6:20:56 PM PST by immadashell (Save Innocent Lives - ban gun free zones)
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To: E. Pluribus Unum

Wells Fargo should lose their charter and be sold off.


23 posted on 02/22/2020 6:22:34 PM PST by Captain Peter Blood (https://www.freerepublic.com/focus/bloggers/3804407/posts?q=1&;page=61)
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To: Grampa Dave

I have copied my billing info below. I think Epoch Times is a bargain!

“ Print (weekly) $79 / 6 months + 7th month free*
*Free 7th month reflects Holiday Promotion bonus applicable only to first billing cycle.

Your subscription will automatically renew at a rate of $79 every 6 months unless you cancel your subscription by calling 917-905-2080 before Jul 14, 2020.

We’ll mail you:
A weekly print newspaper each week*
A SPYGATE infographic poster
Life & Tradition Magazine
Plus our e-newspaper 5 days per week delivered via email
*We mail out the weekly paper every Thursday. If your subscription was placed after our cutoff time (Tuesday at 4pm EST), the paper will be mailed out the following Thursday.”


24 posted on 02/22/2020 6:40:55 PM PST by broken_clock (Go Trump!)
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To: KarlInOhio

This settlement is the fruit of a a political attack on an easy target. There’s no way that the depositor victims, or the government, suffered anywhere near damages in the billions. Fine the managerial perps — jail them if you are really out for blood — but don’t loot the bank.


25 posted on 02/22/2020 7:09:58 PM PST by Socon-Econ (adical Islam,)
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To: KarlInOhio

Brilliant move by the government...destroy a whole company instead of punishing the guilty parties. Our DOJ at work.


26 posted on 02/22/2020 7:20:22 PM PST by Bonemaker (invictus maneo)
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To: KarlInOhio

When do you ever get ‘justice’ from the government. Or that it makes people whole.


27 posted on 02/22/2020 7:22:49 PM PST by Secret Agent Man (Gone Galt; Not Averse to Going Bronson.)
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To: E. Pluribus Unum

The actions were criminal, not civil. Thus only criminal punishment, i.e. jail time was appropriate.

Fining a bank for the crimes of its execs is like fining the parents of a teenage felon and letting the felon walk.

The largest banana republic in the world....from sea to shining sea.


28 posted on 02/22/2020 7:57:19 PM PST by ChildOfThe60s (If you can remember the 60s........you weren't really there)
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To: E. Pluribus Unum

“A stark reminder that no institution is too big...”
Just a fictional show that costs three billion dollars. It is just the State pretending they have more power than private industry.
I went into a Wells Fargo this week. Yeah, it is like using a dial telephone. I went with a senior citizen who still uses a check book and gets cash at the counter. Wow. The Wells Fargo employees went out of their way to be nice: water? coffee? sit down?

B of A and WF are too big and have failed. Both banks have major issues and they needed to fix them twenty years ago.

Capital One bank gets it right in my opinion.


29 posted on 02/22/2020 10:00:41 PM PST by Falconspeed
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To: broken_clock

Thanks.

I’m really interested in an email only paper after our CPA figures out the tax damages from last year.

They sent me a month free of their newspaper, and I will prefer an electronic version.

Thanks


30 posted on 02/23/2020 7:25:29 AM PST by Grampa Dave ( May every person dissing Roger Stone, suffer the same nightmare BS justice in a liberal court room.)
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To: American Infidel

EXACTLY! EXACTLY! And just how were THEY harmed...*sshol*s!


31 posted on 02/23/2020 8:38:53 AM PST by ldish (Have had enough...you??????)
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