Banks

[Gdjjr]

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”

“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale.” –Thomas Jefferson to John Taylor, 1816. ME 15:23

Ex-Wells Fargo CEO banned from banking, must pay $17.5M fine for role in fake-accounts scandal

The former CEO of Wells Fargo, who presided over the bank while it opened millions of potentially fake accounts, can never work for a bank again and must pay a $17.5 million fine for his role in the scandal.

John Stumpf, who was ousted as CEO in October 2016, agreed to the resolution in a federal case brought by the Office of the Comptroller of the Currency. He had initially defended himself before a Congressional committee, telling the panel in September 2016 that "there was no orchestrated effort or scheme" to "provide products and services to customers they did not want or need."

The OCC also announced charges against five other former senior executives of Wells Fargo and announced settlements with two others in a sweeping case covering alleged misconduct from the early 2000s through October 2016.

Wells Fargo representatives did not immediately respond to a request seeking comment Thursday.


Better than nothing I suppose.

 

[Toddsterpatriot]

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”

“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale.” –Thomas Jefferson to John Taylor, 1816. ME 15:23

Ex-Wells Fargo CEO banned from banking, must pay $17.5M fine for role in fake-accounts scandal

The former CEO of Wells Fargo, who presided over the bank while it opened millions of potentially fake accounts, can never work for a bank again and must pay a $17.5 million fine for his role in the scandal.

John Stumpf, who was ousted as CEO in October 2016, agreed to the resolution in a federal case brought by the Office of the Comptroller of the Currency. He had initially defended himself before a Congressional committee, telling the panel in September 2016 that "there was no orchestrated effort or scheme" to "provide products and services to customers they did not want or need."

The OCC also announced charges against five other former senior executives of Wells Fargo and announced settlements with two others in a sweeping case covering alleged misconduct from the early 2000s through October 2016.

Wells Fargo representatives did not immediately respond to a request seeking comment Thursday.


Better than nothing I suppose.

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”

One of my all time favorite fake Jefferson quotes.

 

[waltky]

Its about time someone put a stop...

... to the fake bank accounts...

... opened by Wells Fargo.