Replying to: "Guaranteed Wells gets the money back. The Fed all but said that when SVB collapsed and insured everyone. Can't pick and choose."
WOW...you're really buying into the fact that the fed will save the banks? Poor poor thing. The banks are failing faster and with more assets that the fed needs to back than they have. It's gonna be a huge po-p show very soon for most 'regional banks' and then for the bigger ones like BOA and Wells. The "federal reserve" is a sham!!!
So, about our uninsured $5B. Is Charlie far enough under Jamie's desk for us to get our money back or was his plan all along to give his mentot billions of WF cash?
14th largest bank in size. 3rd to fail this year. More to come
Happy now that TFG got rid of regulation requiring stress tests for smaller/niche financial institutions? BIG mistake! H-U-G-E!
Unregulated banking resorts in risky behavior and unbridled greed. Period.
But at WF, we know that firsthand.
Guaranteed Wells gets the money back. The Fed all but said that when SVB collapsed and insured everyone. Can't pick and choose.
$5 Billion of Shareholder’s money is chump change to Charlie. He had already squandered $4 Billion on company stock in just the first quarter of this year. He gets paid handsomely no matter how his actions cause employees and shareholders to suffer.
Why would the bank’s CEOs be sent to jail? Was the viability feasibility of “saving” not done by Government? How were those bailout dollars spent? Need to trace the whole flow I guess.
Tech and analyst jobs should have never gone to H1Bs, we have sufficient workers.
Look, First Republic even sends Business analyst and Client Service jobs to H1B workers.
https://h1bdata.info/index.php?em=first+republic+bank
You sell out American people, and American tax dollars will bail you out.
What happens to the $5 Billion that Wells gave them? Is FDIC going to pay Wells back the 5 Billion back? If not, then the CEO/CFO/Board of Wells Fargo should be put to Jail.