Big Bank Scam
Wells Fargo the 3rd largest bank in the country got caught ripping off millions of customers. How have the gotten away with this? Why weren't criminal charges brought and why haven't regulators done more to shut the bank down? Those are the questions we're discussing today.
This isn't a new story. In fact most of what went on at Wells Fargo happened a few years ago. But why hasn't this gotten more attention and why have the people responsible not been charged.
Part of the reason is a typical fantastic word play. Instead of calling it a rip off. Instead of calling it stealing, Wells Fargo labeled it overly aggressive sales goals.
Isn't government supposed to be the entity that protects the public from this type of thing? Isn't government that's supposed to enforce laws? Why wasn't more done? Aren't we supposed to be able to have a basic level of trust in certain institutions? When that trust is lost how does it erode the confidence of a society? It spreads.
So hit the play button!