Author Topic: Wells Fargo ~5300 member class action upcoming?  (Read 7303 times)

NobleHunter

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Re: Wells Fargo ~5300 member class action upcoming?
« Reply #50 on: April 11, 2017, 11:24:18 AM »
Sickening.  These people should be in jail. Judging by the continued interest in Hillary Clinton’s speeches to Wall Street, the public has certainly not forgotten the role of the bank behemoths in the last financial crisis and the industry's ongoing struggles with the law, it can't go on like this forever, there will literally be torches and pitchforks eventually.

I'm pretty sure the next shoe to drop is gonna be the auto industry though.  Car loans are so predatory its unbelievable.  Its going to blow up eventually.  I hope not with another huge bailout though.
I think that "interest" had more to do with Clinton than it did with the banks.

Seriati

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Re: Wells Fargo ~5300 member class action upcoming?
« Reply #51 on: April 19, 2017, 06:37:27 PM »
Here's a pretty good write up on this:  http://money.cnn.com/2017/04/19/investing/wells-fargo-regulator-whistleblower-2010-occ/index.html

You'll note that the OCC (which actually sits in the bank's office) was aware of the 700 whistle blower complaints, and apparently the board was as well.  Though it's a little confused as their investigation implies they didn't realize the meaningfulness until very late in the process.