NEP’s Bill Black appears on The Real News and explains how the Wells Fargo scandal is emblematic of the bank’s corporate culture and that the fined executives are only scapegoats. You can view the video with a transcript here.
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Of course they did a thorough investigation…. and I am sure that the Legal Department was fine with everything and they fired the Risk Manager just like they did at ALL the BIG BANKS… The most amazing thing to me was the Bush Treasury handout to Wells Fargo of almost 100 BILLION in tax credits, now tell me how you cannot make a profit when you have NO TAXES…. and we will never know why they got that 100 BILLION….