Tech Industry
Yesterday
2028
Amazon ruined my mental health
Tech Industry
Yesterday
2673
Tech is dead. Choose a different career
AMA
6h
699
I own a 100oz of gold and 1000oz of silver. AMA
Tech Industry
Yesterday
1572
How did Sundar rise so quickly to become Google's CEO?
Tech Industry
Yesterday
834
Feeling sad to leave the team
Is this even legal? Do you think this is warranted? Seems a little bit too much governmental interference in my opinion...It's not like we are vetting a cabinet member....What's your opinion?
Banks operate under various regulatory frameworks, basically because their failure can be systemic to the overall economy (confidence, bank runs, cascading failures), and big banks get access to special lending and money (fed funds rate, bank overnight rates, and potentially to closed government auctions). So it seems reasonable that banking regulators can have special powers.
Its part of the consent order they’re under due to doing illegal shit. Banking is highly regulated, and only functions successfully because it’s highly regulated.
Definitely government overreach
When you and a couple of your pals can bring down the US economy, regulation is good.
Except this is not at all a question of ‘regulation - good or bad’ but should the government be able to regulate who the CEO is? And Wells Fargo’s crime has zero to do with financial stability
@microsoft Wells Fargo's crime has everything to do with financial stability. Banks have screwed up in past and they had to be bailed out by fed govt.
Maybe don't scam people and give stupid responses when called out since your company holds a huge financial impact on the countries economy?
Idk if you heard but they done goofed pretty recently.
OP don't worry about it, just apply anyway. I believe in you
The government should keep its hands off my federally insured deposits!
WF has done so much shitty I think it warrants oversight. Is this part of a settlement? If so sure.
They should have all assets sold to competitors and all employees fired and legally barred from bank and financial industry work. Had to claim bankruptcy and now an adversarial hearing against them because of a robo-sign foreclosure I have payment receipts for (WF ledger is fraudulent). Can you program a computer to be racist? Wells Fargo proves you can.
I’m so sorry, nobody should have to go through this. I hope you get some justice, or at the very least peace of mind.