Wells Fargo Must Die — Wells Fargo has been ordered to pay $3.7 billion for numerous crimes including wrongfully foreclosing on homes, illegally repossessing vehicles, incorrectly assessing fees and interest, and charging surprise overdraft fees.
The fines were levied by the Consumer Financial Protection Bureau (CFPB).
The CFPB went too easy. The corporation should have been sent into oblivion and its officers to jail.
The only difference between what Wells Fargo did and that of a burglary is scale. The publicly traded, Wall Street-respected, establishment-protected corporation caused far more misery and suffering than the local lowlife could ever dream.
Let Wells Fargo die.
Tradition should be turned on its head in any legal proceeding in which they are involved with the presumption of guilt the standard.
Corporations like this are why some find socialism attractive.