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.
Thanks for sharing this, Bill. Perfect timing for me. I was considering switching to Wells Fargo! I definitely will not be doing that.
Definitely do not switch to Wells Fargo
The foreclosed on my house. After forcing me to get flood insurance in the amount of the loan. When I declined, they belittled me by asking if I couldn’t afford the extra $31 per month…never again.
Strongly agree. Until people go to prison for their misdeeds this will continue.
Are the folks whos lives were destroyed by these banking practices made whole again? Don’t hold you breath.
Get a local bank to service your needs. The “too big to fail” banks have failed the American People. We vote every single day in the way we spend our money and with who we choose to do business.
Since corporations are people, let’s have the trial in Texas and ask for the death penalty!
Wells Fargo has a long history of screwing the consumer.This is just another example.I say break it up and sell the pieces to other banks and entities
Having been the victim of Wells Fargo shady dealings more than once, I endorse this writer’s suggetion that this sinister company be fired. Why are they still allowed to operate at the expense of their clients?
They are corrupt and irregardless to the heavy fines, they are making so much money, the fines don’t even phase them. They simple find more illegal and unethical ways to charge their clients. Stay away from Wells Fargo!
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FYI: https://www.thegatewaypundit.com/2023/01/wells-fargo-executive-fired-arrested-allegedly-urinating-elderly-woman-flight/