Wells Fargo

Lies, damned lies, and statistics.
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Skeeve
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Re: Wells Fargo

Postby Skeeve » Tue Nov 14, 2017 10:42 pm

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Rob Lister
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Re: Wells Fargo

Postby Rob Lister » Tue Nov 14, 2017 11:20 pm

Fines. go figure.

Somebody there is culpable. Or are they?

It's good to be rich.

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Re: Wells Fargo

Postby Anaxagoras » Tue Nov 14, 2017 11:40 pm

$3.5 million. That's tiny for Wells Fargo.

Wells Fargo proper once paid a $5.35 billion dollar fine. So this is less than a thousandth of that.

http://www.businessinsider.com/the-bigg ... ime-2017-4

Wiki sez:
Wells Fargo Advisors is a subsidiary of Wells Fargo, located in St. Louis, Missouri. It is the ninth largest brokerage firm in the United States as of August 17, 2017 with $490 billion retail client assets under management.[1]


3.5 sticks is probably less than some of them make in their bonuses.
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Re: Wells Fargo

Postby Skeeve » Wed Nov 15, 2017 6:05 pm

Rob Lister wrote:Fines. go figure.

Somebody there is culpable. Or are they?

It's good to be rich.


What was it Luke T said?
I think it was something like: "Pay a fine and suck a yard of SEC cock!"
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Re: Wells Fargo

Postby gnome » Wed Nov 15, 2017 6:08 pm

They probably have whole teams dedicated to ensuring that any criminal actions can't be attached to any individual :P
"If fighting is sure to result in victory, then you must fight! Sun Tzu said that, and I'd say he knows a little bit more about fighting than you do, pal, because he invented it, and then he perfected it so that no living man could best him in the ring of honor. Then, he used his fight money to buy two of every animal on earth, and then he herded them onto a boat, and then he beat the crap out of every single one. And from that day forward any time a bunch of animals are together in one place it's called a zoo! (Beat) Unless it's a farm!"
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Re: Wells Fargo

Postby Skeeve » Sat May 12, 2018 1:37 pm

So, what is new with these lying ho's?

https://youtu.be/1rrivHxCeeY

Has anyone else noticed this?
Lately I can hardly watch a show on the internet without having to sit through some of these.
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Re: Wells Fargo

Postby gnome » Sat May 12, 2018 1:54 pm

It's a little too soon to be talking about "trust".

"Under New Management" would probably be a more successful line.
"If fighting is sure to result in victory, then you must fight! Sun Tzu said that, and I'd say he knows a little bit more about fighting than you do, pal, because he invented it, and then he perfected it so that no living man could best him in the ring of honor. Then, he used his fight money to buy two of every animal on earth, and then he herded them onto a boat, and then he beat the crap out of every single one. And from that day forward any time a bunch of animals are together in one place it's called a zoo! (Beat) Unless it's a farm!"
--Soldier, TF2

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Re: Wells Fargo

Postby Skeeve » Sat May 12, 2018 5:52 pm

gnome wrote:It's a little too soon to be talking about "trust".

"Under New Management" would probably be a more successful line.


Guess the "old management" is still in line to suck that yard of SEC cock....oh well.

while the new management says "trust me."

....I am so reminded of an old joke...

The punchline went "...Honey, if you suck on my cock, I promise I won't cum in your mouth...."
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Re: Wells Fargo

Postby Rob Lister » Sat May 12, 2018 6:09 pm

I'm not sure how they're not in jail.

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Re: Wells Fargo

Postby Skeeve » Sat May 12, 2018 6:42 pm

Rob Lister wrote:I'm not sure how they're not in jail.


No female employees have come forward with a #metoo complaint yet?

Why It’s Unlikely Anyone Will Go to Jail Over Wells Fargo’s Massive Fraud Scheme
...
It’s worth asking: Will anyone go to jail for this? The fine, after all, makes for a good headline but is actually something of a pittance: $185 million is just 3.3 percent of the $5.6 billion in net income Wells Fargo pulled in in the second quarter of this year. And whatever monetary penalties were assessed, there’s a strong case to be made, here as anywhere else, that individuals who engage in fraud should, well, be prosecuted for committing fraud. That’s sort of the point of the legal system.

The depressing answer is that it’s quite unlikely anyone will face criminal sanctions for Wells Fargo’s scheme. While the CFPB has left that door open, the Department of Justice is very unlikely, if recent history is any guide, to walk through it. (The DoJ is the agency that matters here, since the CPFD itself doesn’t have the power to launch criminal investigations, but can refer its cases to the DoJ for further investigation and potential prosecution.)

This article was time stamped " September 9, 2016 2:47 pm "
So who was in charge back then...oh yea, Barry (no balls) Obama....
Wasn't he the same guy that let other bankstas' off the hook back in '08 and '09?
Or was that dubya...or both?
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Re: Wells Fargo

Postby sparks » Sat May 12, 2018 9:10 pm

Fuck those assholes and all the others involved in the housing bubble debacle. We will not get justice from authority because they're in it deep too. Only way is to get ed to go and kill them all.

ed?
You can lead them to knowledge, but you can't make them think.

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Re: Wells Fargo

Postby Skeeve » Sun May 13, 2018 1:03 pm

Wells Fargo says it mistakenly kept fire and police pension fund fee rebates

Wells Fargo admits it collected fee rebates that should have been given to a public pension fund.
It says the inappropriate collection was the result of a system set-up error and that the $15,000 in fees were returned.
The Wall Street Journal says the board of the fire and police pension fund in Chattanooga, Tennessee, fired the bank as trustee.

Wells Fargo: Earning Back Your Trust
:doglaugh:
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Re: Wells Fargo

Postby sparks » Sun May 13, 2018 7:06 pm

I specially like the "holding ourselves accountable" bit.

If they'd all done that from the beginning, there'd have been no troubles in the first place. Goddamned lying cocksuckers. March 'em into the sea. Every last one of them.
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Re: Wells Fargo

Postby Skeeve » Tue May 15, 2018 7:27 pm

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Re: Wells Fargo

Postby Skeeve » Thu May 17, 2018 1:31 am

Wells Fargo: Toxic leadership

One would think that any bank would drool over adding a potential new customer the size of Seattle that runs $3 billion annually through its books and carries an average daily balance of $10 million.

But no new bank wanted to be exposed to the apparent toxicity associated with this leadership group.

In retrospect, it wasn’t surprising that Wells Fargo allowed the city to terminate its agreement early hoping it, too, could escape this business relationship.

What is surprising is that Wells Fargo came back to the table and renewed for multiple years. Perhaps it felt its reputation couldn’t sink any further.


:doglaugh:
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Re: Wells Fargo

Postby Abdul Alhazred » Thu May 17, 2018 9:33 am

Relying on political connections to get big customers is not necessarily a losing business strategy.
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Re: Wells Fargo

Postby Skeeve » Fri May 18, 2018 6:21 pm

Wells Fargo altered documents about business clients

Wells Fargo recently discovered that some workers altered documents about business customers, raising new concerns about the embattled bank's internal system of checks-and-balances.

The improper activity took place in 2017 and early 2018 and was brought to light by multiple Wells Fargo (WFC) employees who alerted management, a person familiar with the matter told CNNMoney.
...
Wells Fargo has been trying -- and largely failing -- to turn the page on a series of scandals that have rocked the bank for the past 20 months and led to unprecedented sanctions.

News of the document altering, first reported by The Wall Street Journal, drove Wells Fargo shares down nearly 2%.

https://www.youtube.com/watch?v=2TnkJ8_BmSI
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