May 21, 2016
The Motley Fool: 5 Warren Buffett Quotes About Wells Fargo
The real insight you get about a banker is how they bank. You've got to see what they do and what they don't do. Their speeches don't make any difference. It's what they do and what they don't do. And what Wells Fargo didn't do is what defines their greatness. - Warren Buffett
Hey, Warren. Here's something my bank didn't do.
September 8, 2016
USA Today: Wells Fargo fined $185M over unauthorized accounts
"Wells Fargo built an incentive-compensation program that made it possible for its employees to pursue underhanded sales practices, and it appears that the bank did not monitor the program carefully," said CFPB Director Richard Cordray. "Thousands of bank employees found ways to game the system by secretly signing up existing clients for new services that were never requested. They misused consumer names and personal information to create new checking and credit card accounts to inflate their sales figures to meet their sales targets and claim higher bonuses."
Congratulations to Wells Fargo. Your fraud and theft actually enticed me to post. I now exit stage left, back into the shadows. Who knows what will prompt me to post again? Jail time for all the criminals involved? Yeah, right. Hahaha! Sigh.
Sunday Night Futures - Weekend: • Schedule for Week of Mar 26, 2017 Monday: • 10:30 AM: *Dallas Fed Survey of Manufacturing Activity* for March. From CNBC: Pre-Market Data and B...
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