Below you'll find a list of all posts that have been tagged as “Wells Fargo”
Another day, another example of the disastrous effect Reaganomics has had on our country’s business culture. Ever since his bank was fined $185 million for illegally opening millions of accounts in its customers’ names to help boost profits, Wells Fargo CEO John Stumpf has insisted that he only discovered what was going on in 2013. That’s what he said when …
“Fish Rot from the Head”
It has been and continues to be an interesting week for Wells Fargo, with widespread coverage from mainstream news outlets; John Stumpf, Wells Fargo’s CEO, going before Congress on September 20; and a $185 million settlement announced with the Consumer Financial Protection Bureau. Interesting, then, that despite all of the monies paid in fines to the CFPB, Wells Fargo still …
Last Thursday, the Consumer Financial Protection Bureau (CFPB) announced that Wells Fargo was paying $185 million in fines and penalties for allowing its employees to open “more than two million deposit and credit card accounts” that were not authorized by its customers. The employees were attempting to “hit sales targets and receive bonuses.” In one of the most audacious forms of bank fraud, …
Today On The Gary Null Show, Gary plays a very important audio clip entitled Reality Check: How Does Nobody Go To Jail In Wells Fargo Case After over 1.2 Million People Were Defrauded? And Why No Matter What Other Crimes The Bank Committed, They Have Been Granted Immunity! Before that Gary gives some insightful personal commentaries on the student loan industry and who really controls Washington. In the opening health segment Gary gives you the health benefits of peppercorn. All this and so much more on today’s Gary Null Show
The $15 trillion rout in global equity markets since May is reawakening the lure of gold for investors seeking safety. Hedge funds and other large speculators more than doubled their net-long position in bullion last week, just three weeks after they were the most-bearish ever. Investor holdings of gold through exchange-traded products are expanding at the fastest pace in a …
On Nov. 13, the United Kingdom’s Serious Fraud Office (SFO) announced it was charging 10 individual bankers, working for two separate banks, Deutsche Bank and Barclays, with fraud over their rigging of the Euribor rates. The latest announcement shines the spotlight once again on the scandals and criminal behavior that have come to define the world of global banking. To date, only …
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– The Oakland, California-based Ella Baker Center for Human Right conducted a survey of 1,000 former prison inmates and their family members. The study found that the burden of mass incarceration is borne, not ust by the 2.4 million people that are locked up in the United States, but also by their families, with women carrying a disproportionate share of the financial weight. Darris Young is a local organizer for the Ella Baker Center, and a former prison inmate, himself. He conducted some of the surveys, and explained why it’s necessary to look at how mass incarceration affects families.
– Activists are kicking off the Autumn season with a Rise Up October campaign against police killings in the Black community, culminating in protests in New York City, October 22nd through the 24th. Carl Dix is a co-founder of the Stop Mass Incarceration Network.
– The flood of refugees into Europe continues, with most fleeing the war against Syria by Islamic jihadists backed by the U.S. and its allies. The Russians have speeded up military aid to the Syrian government. President Obama claims that Russian help will only make the situation worse. But Sara Flounders, of the United National Anti-War Coalition, says that’s insane.
– The flood of refugees into Europe continues, with most fleeing the war against Syria by Islamic jihadists backed by the U.S. and its allies. The Russians have speeded up military aid to the Syrian government. President Obama claims that Russian help will only make the situation worse. But Sara Flounders says that’s insance.
– James Paul, author of the book “Syria Unmasked,” agrees that most of the people fleeing to Europe from the Middle East and Africa are “regime change” refugees whose countries have been destabilized by western military intervention. Paul is the former executive director of the Global Policy Forum and the Middle East Research and Information Project.
If trickle-down economics were anything other than a cruel deception, the United States’ embattled working class would have many reasons to join Wall Street in singing “Happy Days Are Here Again.” Giant megabanks have been reporting huge profits for 2015’s first quarter, including $5.91 billion [3] at JPMorgan Chase (the largest bank in the country) and $5.8 billion at Wells Fargo. But trickle-down …
The very same people that caused the last economic crisis have created a 278 TRILLION dollar derivatives time bomb that could go off at any moment. When this absolutely colossal bubble does implode, we are going to be faced with the worst economic crash in the history of the United States. During the last financial crisis, our politicians promised us that they …
