- 11 Jan '18 at 3:51 pm #14433ThePitBossParticipant
[article]496[/article]06 Feb '18 at 12:50 am #14834TrumanParticipant
Wells Fargo fell 9 percent Monday after the Fed said Friday it is restricting the bank’s size in response to “widespread consumer abuses.”
Wells Fargo & Co NYSE: WFC · February 5, 3:49 PM EST 57.99 ▼ 6.01 (9.39%)06 Feb '18 at 12:56 am #14835CautiousInvestorKeymaster
BANKS have a fiduciary responsibility … and this will improve going forward — but some damage was done & need to focus on best practices going forward07 Feb '18 at 4:45 pm #14874Assistanc3Participant
and still Buffetts largest holding in 3Q1708 Feb '18 at 7:47 pm #14902TradersComKeymaster
Where would Buffett be if AIG wasn’t bailed out in 2008? Have to say I am not a big fan of him.16 Feb '18 at 11:01 pm #15053MoneyNeverSleepsParticipant
Behavioral economist and 2017 Nobel Prize winner in economics Richard Thaler called Wells Fargo $WFC “slimy” in a tweet Thursday “Oh, this is slimy indeed. Thick #sludge. We need a #sludge hall of shame. Please send nominees and copy,” he wrote.”
Wells Fargo forcing people to opt in to being paid money they’re owed is “thick sludge,” Thaler said on Twitter.
“We are focused on making things right for our customers and ensuring this large-scale remediation happens correctly and as quickly as possible,” Wells Fargo said in a statement. “Communications to date have been intentionally focused on accounts with smaller refunds and requests for customers to send us additional information.”
It expects the process to be complete by the second quarter of 2018.17 Feb '18 at 12:03 am #15057Assistanc3Participant
the slimy countries are a threat to national security
taking money out of peoples hands is a hindrance to the sound economic system (hard to say that without laughing, but I think you get the point)19 Feb '18 at 2:06 am #15081TrumanParticipant
Slimy has been the domain of the bankers since Jesus tipped over the money changers tables ……..maybe before ….
- You must be logged in to reply to this topic.