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RE: Wells Fargo Crashes After Fed's Shocking Crackdown Bans Bank From Growing

in #banking7 years ago

Wells Fargo deserves every ounce of this and more.
By rights they should have been dissolved and their top executives thrown into prison already.I'm actually shocked. Banks crashed the world economy a decade ago and almost everyone got off scott-free, many even profited from the crash. No one went to jail. No one was even succesfully prosectued. The government stepped in and saved their asses and wagged their finger at the banks and said "don't do that again".

If the government doesn't step in an severely punish gross malfeasance like this what is to stop them next time?