Trump promises heavy penalties for Wells Fargo

[DonViejo]

Source: The Hill




BY SYLVAN LANE - 12/08/17 11:27 AM EST

President Trump on Friday tweeted that the he’d ensure stiff penalties against Wells Fargo over allegations of financial impropriety the day after a report emerged that federal fines are being reconsidered.

“Fines and penalties against Wells Fargo Bank for their bad acts against their customers and others will not be dropped, as has incorrectly been reported, but will be pursued and, if anything, substantially increased,” Trump tweeted.

“I will cut Regs but make penalties severe when caught cheating!”

Trump appeared to be responding to a Thursday report from Reuters that acting Consumer Finance Protection Director Mick Mulvaney was reviewing a pending settlement with Wells Fargo initiated by former Director Richard Cordray.

Read more: http://thehill.com/policy/finance/363945-trump-promises-heavy-penalties-for-wells-fargo-from-independent-consumer

[Thor_MN]

1. Did Wells Fargo deny the bankrupt orange shitgibbon a loan?

[PatSeg]

2. Hah!

That was the first thing that popped in my head!

[RKP5637]

3. Same here. n/t

[Irish_Dem]

4. Yep. He doesn't do anything unless there is something in it for him personally. nt

[dflprincess]

16. That was my thought

I even mentioned that as an idea in the Strib's comments section when it ran this story. Some Trumpster told me that Wells Fargo is corrupt (true) and Trump probably wouldn't go to such a crooked institution for a loan.

[elleng]

5. Trump promises mean NOTHING.

[rurallib]

10. Yep - one more in a long line of empty promises

Wells Fargo probably celebrated when they heard this.

[elleng]

11. No doubt.

They've proven themselves to have been 'harvested' from same crop from whence trump came.

[shraby]

6. How can you cheat if there are no regulations?

[Guy Whitey Corngood]

7. Yeah, I'm sure they'll pay him off and this bullshit will just go down the memory toilet. nt

[BumRushDaShow]

8. Kushner needs money and needs it fast!

That was his "hint hint".

[7962]

9. Wells Fargo sux. I hope they pay 100s of millions.

They've been an aggravation to my business for a few years. LOONG story

[lark]

12. More lies.

There's obviously something he wants from them in order to dro this. Just like he was going to take all this action against China, until China gave him and Ivanka over 100 trademarks. Now China is a wonderful ally.
Wonder what it is he wants from Wells Fargo?

[haele]

13. As someone above indicated, Kushner probably needs an account.

Probably one of those specialty international accounts to clean up cash from donor, err, investment partners, and Wells Fargo was being difficult about regulations and such.

Haele

[musette_sf]

14. Thought the title said "Trump promises heavy PETTING" at first glance

[jmowreader]

15. We've heard this tune before...in 1933, as a matter of fact

All together now...

"I will not stand for anything that's crooked or unfair.
I'm strictly on the up-and-up, so everyone beware!
If anyone's caught taking graft (and I don't get my share!)
We'll stand him up against the wall and pop! Goes the weasel!"

[Dr_Pretorius]

17. No dessert for a week!

Dump means business!