How Wells Fargo Can Pay for HQ in San Francisco

Now we know how Wells Fargo was able to afford their headquarters in San Francisco. Like all good Democrats, they stick it to the poor and make them think they care.

Link: Wells Fargo Signed Customers Up For Products They Didn’t Want, Again

Scandal-plagued Wells Fargo is back in hot water for signing customers up for products that they didn’t need or want. This time it’s auto insurance, and the bank says it may have cost about 20,000 people their cars.

The New York Times reported that as many as 800,000 customers may have been affected, of which 274,000 fell into default because they could not afford the premiums and monthly payment and 25,000 of them may have had their vehicles repossessed.

“The constant drip drop of fraudulent activities coming out of Wells Fargo is absolutely outrageous,” said Rep. Maxine Waters of California, the top-ranking Democrat on the House Financial Services Committee. Sen. Elizabeth Warren of Massachusetts called for the Federal Reserve to remove Wells’ board of directors.

Just so you know, when I’m on the same side of any issue as Maxine Waters, I get real concerned.

If the stage coach bank has to play by the same rules as their competitors, perhaps they need to exit California for new digs with less overhead.

Hey X, does Buffett own stock in this bank? Fits his M.O.

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William

Dedicated Christian that has experienced many facets of Christendom thru the years. Father of three and husband of but one wife. William has over 27 years of experience in accounting and bookkeeping. He has worked for both government & private sector entities. His private sector background includes many years working in commercial and residential construction environments. Unlike most folks, this experience includes signing the front of the check, not just the back. Books that matter: Kingdom of the Cults by Walter Martin, Christian Reconstruction by R.J. Rushdooney, Days of Vengeance by David Chilton, Genesis Flood by Whitcomb & Morris, Evidence that Demands a Verdict by Josh McDowell; Political: currently, No Party Preference, recovering Republican involved at county and State level, participated in many campaigns and conventions, periodic CRA member since early days of Barbara Alby; Education: Nuclear Reactor Operator--US Navy, Masters in Business Administration, Bachelor's Degree in Government, Microsoft Certified System's Engineer, CompTIA Network Plus and A Plus certifications, and various post graduate classes.

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