Wells Fargo is a crime syndicate masquerading as a bank. They should have been penalized out of existence. But there is a double standard of “justice” when it comes to corporations vs individuals. When you’re a corporation, you can get away with just about anything as long as you dont piss away all the shareholders money.
In a society driven almost entirely by greed, the love of money trumps justice and the people in power will gladly look the other way if it means they can avoid even a small financial hit. The penalties become nothing more than a formality. A cost of doing business. And the crime spree continues unabated.
Wells Fargo committed mass fraud and identity theft and got a slap on the wrist.
Wells Fargo is a crime syndicate masquerading as a bank. They should have been penalized out of existence. But there is a double standard of “justice” when it comes to corporations vs individuals. When you’re a corporation, you can get away with just about anything as long as you dont piss away all the shareholders money.
In a society driven almost entirely by greed, the love of money trumps justice and the people in power will gladly look the other way if it means they can avoid even a small financial hit. The penalties become nothing more than a formality. A cost of doing business. And the crime spree continues unabated.
The only bank I’ve had personal experience with acting in a moral way was Discover and now they’re gone.
Their customer service was pretty good in my experience too. When they got acquired I closed my account. Oh well.
BofA isn’t much better
HSBC laundered over $800 million for the Sinaloa cartel and the Norte del Valle cartel.