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PostPosted: Sat Mar 17, 2018 12:43 am 
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Fuck the people, get your due:

Wells Fargo CEO Tim Sloan got a 36% raise after one of the darkest years in the bank's history.

At his own recommendation, Sloan isn't receiving a cash bonus, according to filings late Wednesday. The CEO cited "significant but incomplete progress on addressing compliance and operational risk-management issues."

That's one way to describe the series of scandals that have rocked Wells Fargo (WFC) for the past year and a half, prompting unprecedented sanctions in February from the Federal Reserve.

In fact, just hours after Wells Fargo revealed its pay figures, Reuters reported that the bank could face more penalties related to forcing customers into auto insurance they didn't need. Wells Fargo and the regulator, the Office of the Comptroller of the Currency, declined to comment on the report.


That's one thing you can say about the banker class - they have no shame.

But hey, we should trust Wells Fargo and their ilk to take care of our 401(k)s! We can trust them!


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PostPosted: Sat Mar 17, 2018 12:59 am 
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Fuck the people, get your due:

Wells Fargo CEO Tim Sloan got a 36% raise after one of the darkest years in the bank's history.

At his own recommendation, Sloan isn't receiving a cash bonus, according to filings late Wednesday. The CEO cited "significant but incomplete progress on addressing compliance and operational risk-management issues."

That's one way to describe the series of scandals that have rocked Wells Fargo (WFC) for the past year and a half, prompting unprecedented sanctions in February from the Federal Reserve.

In fact, just hours after Wells Fargo revealed its pay figures, Reuters reported that the bank could face more penalties related to forcing customers into auto insurance they didn't need. Wells Fargo and the regulator, the Office of the Comptroller of the Currency, declined to comment on the report.


That's one thing you can say about the banker class - they have no shame.

But hey, we should trust Wells Fargo and their ilk to take care of our 401(k)s! We can trust them!

I don't trust banks which is why I use a credit union. The one I'm with I've had an account with for over 40 years and they've never had a problem like the banks.

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PostPosted: Sat Mar 17, 2018 1:02 am 
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Joe tells us how great bankers are and that they will be completely honest in handling our 401(k) accounts!


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PostPosted: Sat Mar 17, 2018 1:22 am 
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Joe tells us how great bankers are and that they will be completely honest in handling our 401(k) accounts!

So who to trust; bankers who business is to make money for their stockholders or credit union managers who makes money for their shareholders (depositors)? Like Deep Throat said in the Watergate investigation; "Follow The Money."

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PostPosted: Sat Mar 17, 2018 1:25 am 
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So who to trust; bankers who business is to make money for their stockholders or credit union managers who makes money for their shareholders (depositors)? Like Deep Throat said in the Watergate investigation; "Follow The Money."

As I recall, the bankers just went to court to ensure they had no fiduciary duty to the 401(k) customers, the employees investing in their 401(k), they only had the duty to make money themselves. They had the right to lie and cheat and steal from the poor saps and their retirement.


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PostPosted: Sat Mar 17, 2018 7:56 pm 
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What do you think his pay should be? On paper it appears to be to much. But, if that is the going rate for Bank CEO's then he isn't. He is making less than the Well Fargo CEO was earning in 2012. So we really don't know if he is over paid or not.

https://www.forbes.com/sites/halahtoury ... f31e498708

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viewtopic.php?f=2&t=22530&start=50#p398844


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PostPosted: Sat Mar 17, 2018 8:05 pm 
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What do you think his pay should be? On paper it appears to be to much. But, if that is the going rate for Bank CEO's then he isn't. He is making less than the Well Fargo CEO was earning in 2012. So we really don't know if he is over paid or not.

https://www.forbes.com/sites/halahtoury ... f31e498708

He is being rewarded for illegal actions. He was completely involved in the entire scams forcing employees to open fake accounts in people's name that they didn't know they had.

But I know, he's a CEO, even if he's a crook, so millions upon millions MUST be showered upon him.

But a working stiff making $15 an hour? SOCIALISM!


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PostPosted: Sat Mar 17, 2018 8:24 pm 
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In what alternate universe is a 36% pay raise even comprehensible to the dupes who vote for Donald Trump and support Republican Party economics.

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PostPosted: Sat Mar 17, 2018 8:29 pm 
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He is being rewarded for illegal actions. He was completely involved in the entire scams forcing employees to open fake accounts in people's name that they didn't know they had.

But I know, he's a CEO, even if he's a crook, so millions upon millions MUST be showered upon him.

But a working stiff making $15 an hour? SOCIALISM!


The only explanation is that conservatives are fundamentally self-loathing people.

Just go to any of their dinner tables at Thanksgiving. You'll hear them gloat about "the economy" in which a CEO gets a 36% raise and 7 minutes later jump down the throat of a family member who defends their disabled son being on Obamacare.

They do this to their own families. They do this to 6 year olds getting mass-murdered in suburban schools. They'll salivate over the stories of Black guys in Minnesota legally concealed-carrying getting murdered by cops in front of his 4 year old. They'll also -- incredibly -- call themselves being "2nd Amendment" and "pro life". :problem:

Yet, when these things happen in their own communities, they are curiously silent, and get really mad at "BLM" when they publicize it.

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