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Why aren't Wells Fargo employees serving time in jail?


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2016 Sep 21, 11:03am   4,805 views  21 comments

by BayArea   ➕follow (1)   💰tip   ignore  

http://www.usatoday.com/story/news/politics/onpolitics/2016/09/21/elizabeth-warren-wells-fargo-ceo/90766060/

Jailing CEO John Stumpf for 6mo would do wonders for cleaning up the banking industry.

Anything less is an absolute travesty of justice. Sure, fire the 5000 junior level employees who can't afford representation...

#TRAVESTY

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1   zzyzzx   2016 Sep 21, 11:12am  

I'm not believing the 5000 number either.

Anyway, I think the senior management is stupid and didn't consider the possibility that lower level employees would be doing stuff like this to get a bonus. Given all the data showing how well they were cross-selling product and never a red flag did they see. I left Wells Fargo in 2010 and even then I suspected that this was going on, and I worked in a completely different part of the company that had nothing to do with this.

2   BayArea   2016 Sep 21, 11:15am  

As goes the old saying from the movie "CASINO" with Joe Pesci and Robert DeNiro:

"Either you were in on it or you were too incompetent to see it was happening". You don't have to choose which it was since your fate will be the same...

3   HydroCabron   2016 Sep 21, 11:34am  

He's white.

4   BayArea   2016 Sep 21, 11:53am  

HydroCabron says

He's white.

You had two options: White or Filthy-Rich. You chose wrong.

5   HEY YOU   2016 Sep 21, 11:54am  

It not what the ignorant D & R voters intend.
How much damage could many lawsuits by the employees & the victims of fraud,do?

6   HydroCabron   2016 Sep 21, 12:00pm  

>

BayArea says

HydroCabron says

He's white.

You had two options: White or Filthy-Rich. You chose wrong.

Triggered!

7   freespeechforever   2016 Sep 21, 12:39pm  

Why?

Because the Obama Administration (especially while Eric Placeholder was AG) radically expanded too-big-&-rich-to-jail.

Wall Street, Banks, Big Pharma, and Big Health Insurance (among many others) and many other Obama-contributers will NEVER HAVE EXECS THAT ARE PROSECUTED, LET ALONE JAILED, AND HILLARY WILL BE MOOOOOAAAAARR OF THE SAME!!!

8   Dan8267   2016 Sep 21, 2:08pm  

BayArea says

Why aren't Wells Fargo employees serving time in jail?

Same reason Bush, Cheney, Obama, and Hillary aren't in jail. Two sets of rules: one set for commoners like you and me and one set for the nobles. Our society never fully recovered from the Medieval Age. We just call the nobles by different titles.

9   Dan8267   2016 Sep 21, 2:18pm  

BayArea says

Jailing CEO John Stumpf for 6mo would do wonders for cleaning up the banking industry.

Six months? If you or I committed just one time the financial fraud these executives commit on a daily basis, we'd get ten years in prison. The nobles should be punished as much as the peasants.

10   BayArea   2016 Sep 21, 2:55pm  

Dan8267 says

If you or I

Why do you keep assuming I'm not a noble? :-)

11   Dan8267   2016 Sep 21, 4:36pm  

BayArea says

Why do you keep assuming I'm not a noble?

You're posting on PatNet, a website known to harbor riffraff, criminals, and sexual deviants. I heard the site even got banned from Amazon due to "racism, terrorism, pornography, and/or illegal activities".

12   BayArea   2016 Sep 21, 4:48pm  

ok you got me lol

13   turtledove   2016 Sep 21, 5:25pm  

zzyzzx is deplorable says

I'm not believing the 5000 number either.

How on earth were 5,000 people engaging in this illegal activity and everyone kept the secret from management? If it were this widespread among the employees, it had too be a running joke that they were ALL in on....

14   HydroCabron   2016 Sep 21, 5:46pm  

turtledove is deplorable says

How on earth were 5,000 people engaging in this illegal activity and everyone kept the secret from management?

With 265,000 global employees, it's possible that the managers of the bottom managers could have a clue, but not pass it upward for fear of consequences. Possible, but I don't believe it.

15   BayArea   2016 Sep 21, 5:48pm  

wooooow 😍😘😍😘😍😘😍

www.youtube.com/embed/sOBmn0xU7wY

16   zzyzzx   2016 Sep 21, 5:54pm  

DieBankOfAmericaPhukkingDie says

Why aren't all these ASSHOLES! being beheaded in front of their offices?

And the bodies being left for public stump fucking?!

As a former Wells Fargo employee, I approve of this!!!

17   HydroCabron   2016 Sep 21, 5:55pm  

DieBankOfAmericaPhukkingDie says

Why aren't all these ASSHOLES! being beheaded in front of their offices?

Wouldn't it be preferable to shit in bankers' faces before beheading?

18   HydroCabron   2016 Sep 21, 6:01pm  

DieBankOfAmericaPhukkingDie says

HydroCabron says

Wouldn't it be preferable to shit in bankers' faces before beheading?

In a perfect world, yes.

We shit in the bankers' faces we have, not in the bankers' faces we'd like to have.

19   Blurtman   2016 Sep 21, 7:07pm  

He's with Her (and vice versa).

20   Dan8267   2016 Sep 21, 7:33pm  

BayArea says

wooooow 😍😘😍😘😍😘😍

She should be the first woman president, not crooked Hillary.

21   BayArea   2016 Sep 22, 5:42pm  

Dan8267 says

BayArea says

wooooow 😍😘😍😘😍😘😍

She should be the first woman president, not crooked Hillary.

100%

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