Elizabeth Warren says," Fed must break up repeat offender."

[sarcasmo]

Snip < "Wells Fargo is simply ungovernable," she said in the letter, the latest in her lengthy campaign against the bank, which has been penalized repeatedly by regulators for a range of issues.






https://www.yahoo.com/finance/news/warren-says-fed-must-break-144744576.html

[ProfessorGAC]

1. She's Correct

Nothing changes the culture there, and they behave under the theory that they're too big to fail.
Only breaking them up will change philosophy on the top floor.

[lagomorph777]

2. I can't believe they didn't get busted up after they robbed millions of customers.

I also can't believe a single customer kept their accounts there.

[2naSalit]

4. Apparently...

One of my siblings, who passed seven years ago, had a car loan there. Her accounts were all closed years ago. So another sibling called me recently to tell me I would get some feeble amt. of $ soon from WF because they decided they didn't give her estate enough from the repo/sale of her car seven years ago. By the time it's split among heirs, only a few, we'll all get something like $20.


Many years ago I had an acct at WF, I had to keep a min bal of $300. It was such a ripoff with all the fees and fines that I closed the acct within a year, went to a CU and never went to a bank again.

[Yo_Mama_Been_Loggin]

3. K&R

[2naSalit]

5. K&R

[Celerity]

6. Break 'em up.