
Wells Fargo Settles For $3,000,000,000 and All I Got Was This Lousy -- Nothing!!!
Rishi Cholera
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<p><strong>Wells Fargo made up for a decade and a half of treating it's customers like crap and overselling accounts, and creating phony accounts to hit their sales goals by giving those customers absolutely nothing, and giving $3 Billion to rich people who invested in it, and the United States Treasury. </strong></p> <p><br></p> <p><strong>I'm sure looking for a positive in all this, but I can't think of one.</strong></p> <p><strong>Wells, who pushed their bankers to the brink of a nervous breakdown, called them names, and overall just made a mockery of banking, got off relatively light, and without a sincere apology</strong></p> <p><br></p> <p><a href="https://newsroom.wf.com/press-release/corporate-and-financial/wells-fargo-reaches-settlements-resolve-outstanding-doj-and"><strong>News Release from Wells Fargo Here</strong></a></p> <p><br></p> <p><strong>My podcast breaks down how goddamn nerdy their news release was, even renaming the scandal to make it sound like some rite of passage. I talk about how some of their past ways of "making it up" aside from the money are facetious, and hell, even make Bank of America look better by comparison.</strong></p> <p><br></p> <p><strong>I then break down how a random media source covered it. I picked NPR </strong></p> <p><a href="https://www.npr.org/2020/02/21/808205303/wells-fargo-paying-3-billion-to-settle-u-s-case-over-illegal-sales-practices"><strong>(Link to Article Here)</strong></a></p> <p><strong>No political bias or anything...It was literally close my eyes and point. I talk about how we as consumers and how I, as a former banker look at this scandal and can't help but chuckle at how surreal it is. Wells Fargo give 10-figures as a result of this, and you, Mr. or Ms. Listener don't get a damn thing, unless you are a significant shareholder. Sucks to be you-- I mean all of us :(</strong></p> <p><br></p> <p><br></p> <p><br></p> <p><br></p> <p><strong>MY PATREON Page! For as little as $1, you can help James Baca in his fight against big banks. </strong><a
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Wells Fargo Settles For $3,000,000,000 and All I Got Was This Lousy -- Nothing!!!
Rishi Cholera