Until the robber barons get the same sentences for stealing millions as the petty thief for stealing bread, nothing will change
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Always have been one of the biggest crooks in America. Taking the small man money.
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The regulation is designed to fail. It's designed to allow the banks to get away with whatever they want.
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@MrJoshCharles drop in the bucket.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Wells Fargo is just going to hike/get more creative with fees to cover the cost of the fine. It's a joke.
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Agree. Firing employees who committed major fraud are not going to deter others from doing the same.But Feds will not demand more
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We just closed our Wells Fargo account. Apparently, the employee sales pressure problem is common in the banking industry.
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. Take away Wells Fargo banking license. Criminal negligence! Felony? Go rob a bank, less pain to humanity than this.
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and then there's the whole agency problem: 190M fine to WFC but $124M compensation to executive/agent
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Slap on the wrist as always. Big business has the entire system in its pocket. Punishment is for the small " working class"
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still too big...etc?
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It's old news that most of these "large" fines don't even come w/ any admission of guilt, legal or otherwise.
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Where is Elizabeth Warren?
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