‘Two Million Felonies’: Will The Wells Fargo Scandal Finally Change Wall Street?

Nothing clarifies the mind of a bank board member than the loss of lucrative business deals. Wells Fargo’s CEO says he will pay a penalty for presiding over his bank’s fraud wave. Could stricter sanctions follow, perhaps even a criminal investigation?

We spoke with William K. Black Jr., economist and white-collar criminologist, about the implications of the Wells Fargo case and the laws that might have been broken.

Rest of the post is at Huffington Post. Read it here.

One Response to ‘Two Million Felonies’: Will The Wells Fargo Scandal Finally Change Wall Street?

  1. Dave Chekouras

    The answer to those rhetorical questions is no. Total financial collapse may not “do it.” Nelsonian knowledge rules the day for the Josh Dugers of finance.

    Mammon is their God. Social psychosis is their disease. Public banking is the cure. Mammon will not allow public banking.