The Fraudulent Wheels that fueled the growth of Wells Fargo Bank
(0/8)
#outreach #threadstorm #wellsfargo #banking #cryptocurrency #decentralization
The Fraudulent Wheels that fueled the growth of Wells Fargo Bank
(0/8)
#outreach #threadstorm #wellsfargo #banking #cryptocurrency #decentralization
🧵1/ In this post, I share my insights into the banking sector by first explaining my brief experience as a secretary in a microfinance bank.
🧵2/ I highlighted the pressure and targets that bankers face and discussed a documentary about Wells Fargo, revealing fraudulent activities.
🧵4/ Even though I was initially skeptical, the Wells Fargo case now made me reconsider. Plus, I pointed out how Wells Fargo's stock prices didn't plummet despite ongoing litigation.
🧵3/ There were unethical practices like opening unauthorized accounts. And I remembered a Twitter whistleblower talking about online banks opening unauthorized accounts.
🧵5/ This proved that Investors often prioritize profits over moral concerns. And I quoted Glazer's comment about the disparity between consumer and investor priorities.
🧵6/ In the end, I advocated for the transparency and control offered by blockchain and cryptocurrency to individuals around the world
🧵8/ I encouraged choosing cryptocurrency as a solution for more financial freedom. And the potential for cryptocurrency to replace traditional banking.
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