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Breaking windows
Message
From
03/02/2018 04:03:18
 
 
To
02/02/2018 23:58:47
General information
Forum:
Politics
Category:
Economics
Miscellaneous
Thread ID:
01657748
Message ID:
01657755
Views:
20
>http://money.cnn.com/2018/02/02/news/companies/wells-fargo-federal-reserve/index.html
>
>>>Most prominently, Wells Fargo admitted that its workers responded to wildly unrealistic sales goals by creating as many as 3.5 million fake accounts. The bank has also said it forced up to 570,000 customers into unneeded auto insurance.>>
>
>So, someone steals something worth $300 from Walmart, or does some drugs and goes to jail.
>As JR has pointed out, Angel Sanchez tries to mow some lawns to feed his family and breaks the law.
>
>Jail that SOB!
>
>These people made 570,000 innocent victims buy insurance costing hundreds of dollars - tens of millions of dollars- and they're still playing golf with the boys.
>Not a single Wells Fargo exec has gone to jail.

Having said what I just said, will also say that the Consumer Financial Protection Bureau was asleep at the wheel for a long time on this.

Elizabeth Warren and Sanders can rail all they want about Wells Fargo, but they didn't give the CFPB the same public tongue-lashing they gave Wells. As a matter of fact, neither Warren nor Sanders said a word about how long it took the CFPB to discover this and act.
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