Choose your color scheme:
The Vette Barn  
 
Go Back   The Vette Barn > Off Topic/Babes/Other > Off Topic

Off Topic Off Topic - General non-Corvette related discussion.

User Tag List

Reply
 
Share Thread Tools
Old 02-21-2020, 6:43pm   #1
mrvette
Latin American Goat Roper
Barn Stall Owner #101
Bantayan Kids '13
Points: 84,978, Level: 100
Activity: 33.8%
 
mrvette's Avatar
 
Join Date: Nov 2009
Location: Orange Park Florida
Posts: 49,032
Thanks: 24,370
Thanked 7,207 Times in 3,989 Posts
Gameroom Barn Bucks: $1134757
Default Yawl bankers the Wells Fargo jig......

News blurb just now about WF opening fake accounts in customer's names....

just HOW in hell that affect a damn thing about the bank's operations, much less profit???

I mean, if I knew I had $$$$ in some account.....take it and haul ASS......

other than creating extra risks for themselves.....watt's the POINT???


mrvette is offline   Reply With Quote
Old 02-21-2020, 6:48pm   #2
snide
Barn Raising II,III
NCM Supporter '13
Bantayan Kids '17
Points: 98,198, Level: 100
Activity: 99.6%
 
snide's Avatar
 
Join Date: Oct 2009
Location: I could never live there.
Posts: 66,865
Thanks: 38,588
Thanked 12,917 Times in 6,721 Posts
Gameroom Barn Bucks: $110018559
Default

Are they still doing that? They got busted for doing that a couple of years ago...
snide is offline   Reply With Quote
The Following User Says Thank You to snide For This Useful Post:
Old 02-21-2020, 6:49pm   #3
ZipZap
Barn Stall Owner #55
Points: 17,878, Level: 92
Activity: 3.8%
 
ZipZap's Avatar
 
Join Date: Jan 2011
Posts: 4,898
Thanks: 634
Thanked 1,086 Times in 657 Posts
Gameroom Barn Bucks: $22356
Default

History Channel?
ZipZap is offline   Reply With Quote
Old 02-21-2020, 6:51pm   #4
Rodnok1
A Real Barner
Points: 4,339, Level: 44
Activity: 67.5%
 
Rodnok1's Avatar
 
Join Date: Apr 2019
Location: North Carolina
Posts: 1,781
Thanks: 343
Thanked 1,239 Times in 653 Posts
Gameroom Barn Bucks: $7772
Default

They were fined 3 billion today over the fake accounts and other violations, govt still looking to prosecute employees especially management that knew of the scams.
Frankly as wide spread the issues with that bank they should just close them down and sell the assets off.
Rodnok1 is offline   Reply With Quote
The Following 3 Users Say Thank You to Rodnok1 For This Useful Post:
Old 02-21-2020, 7:11pm   #5
mrvette
Latin American Goat Roper
Barn Stall Owner #101
Bantayan Kids '13
Points: 84,978, Level: 100
Activity: 33.8%
 
mrvette's Avatar
 
Join Date: Nov 2009
Location: Orange Park Florida
Posts: 49,032
Thanks: 24,370
Thanked 7,207 Times in 3,989 Posts
Gameroom Barn Bucks: $1134757
Default

Quote:
Originally Posted by Rodnok1 View Post
They were fined 3 billion today over the fake accounts and other violations, govt still looking to prosecute employees especially management that knew of the scams.
Frankly as wide spread the issues with that bank they should just close them down and sell the assets off.
Just WHERE and HOW was it supposed to 'help' the bank?? OR the employees doing the scam, how did it cost customers any money?? or show profits?? just another computer entry disappearing into nothing, unless used to launder $$$$

mrvette is offline   Reply With Quote
Old 02-21-2020, 7:13pm   #6
Steve_R
A Real Barner
Points: 11,635, Level: 74
Activity: 99.0%
 
Steve_R's Avatar
 
Join Date: Feb 2017
Location: On the beach
Posts: 4,107
Thanks: 1,531
Thanked 3,477 Times in 1,544 Posts
Gameroom Barn Bucks: $1013530
Default

Old news.
Steve_R is offline   Reply With Quote
Old 02-21-2020, 7:36pm   #7
mrvette
Latin American Goat Roper
Barn Stall Owner #101
Bantayan Kids '13
Points: 84,978, Level: 100
Activity: 33.8%
 
mrvette's Avatar
 
Join Date: Nov 2009
Location: Orange Park Florida
Posts: 49,032
Thanks: 24,370
Thanked 7,207 Times in 3,989 Posts
Gameroom Barn Bucks: $1134757
Default

Quote:
Originally Posted by Steve_R View Post
Old news.
Bank paying/fined 3 BILLION bux on the news tonight......wish I had just .1% of that.....
mrvette is offline   Reply With Quote
Old 02-21-2020, 7:38pm   #8
dvarapala
Barn Stall Owner #1120
NCM Supporter '20
Points: 14,170, Level: 82
Activity: 92.5%
 
dvarapala's Avatar
 
Join Date: Jan 2016
Location: Tír Na Nóg
Posts: 4,793
Thanks: 963
Thanked 2,909 Times in 1,607 Posts
Gameroom Barn Bucks: $1019941
Default

Quote:
Originally Posted by ZipZap View Post
History Channel?
Gene lives in a Time Warp.

By some strange coincidence I closed out my Wells Fargo account earlier this week. They never even bothered to ask me why...
dvarapala is offline   Reply With Quote
Old 02-21-2020, 7:39pm   #9
99 pewtercoupe
Barn Stall Owner #74
Barn Raising II

Bantayan Kids '13,'17
Points: 66,255, Level: 100
Activity: 52.5%
 
99 pewtercoupe's Avatar
 
Join Date: Jan 2011
Location: On an island somewhere
Posts: 20,118
Thanks: 3,154
Thanked 7,610 Times in 4,106 Posts
Gameroom Barn Bucks: $10389507
Default

Yes fine as just announced tonight but this scandal first made news three years ago. Government wheels turn slowly, unless it is an action against DJT
99 pewtercoupe is offline   Reply With Quote
The Following User Says Thank You to 99 pewtercoupe For This Useful Post:
Old 02-21-2020, 7:49pm   #10
Rodnok1
A Real Barner
Points: 4,339, Level: 44
Activity: 67.5%
 
Rodnok1's Avatar
 
Join Date: Apr 2019
Location: North Carolina
Posts: 1,781
Thanks: 343
Thanked 1,239 Times in 653 Posts
Gameroom Barn Bucks: $7772
Default

Quote:
Originally Posted by mrvette View Post
Just WHERE and HOW was it supposed to 'help' the bank?? OR the employees doing the scam, how did it cost customers any money?? or show profits?? just another computer entry disappearing into nothing, unless used to launder $$$$

Long story you may want to google it and have a drink handy, basically...
Employees had to open so many new accounts a month(year whatever) to both keep their jobs and get bonuses. Makes company look better /bigger with more accounts thus bosses and company gets richer(stocks go up also).
It was widespread in the company and supported by management and who knows exactly how high it went.

Can be a ding on your credit if have too many accounts.
They committed identity theft basically.
They were also selling insurance on loans unbeknownst to the people apparently. People had repos/foreclosures as a result of this also it seems.

It wasn't a few accounts, believe it was tens of thousands possibly alot more that were fraudulently opened.

I was reading somewhere but cannot find it now that some of the fines or possibly other fines were going to the stockholders as the stock took such a hit from the scandal and they didn't earn enough or lost money on the stocks, **** the innocent people I guess as it's always about the money.
Rodnok1 is offline   Reply With Quote
The Following User Says Thank You to Rodnok1 For This Useful Post:
Reply

The Vette Barn > Off Topic/Babes/Other > Off Topic


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 5:36am.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
User Alert System provided by Advanced User Tagging (Pro) - vBulletin Mods & Addons Copyright © 2020 DragonByte Technologies Ltd.
Copyright © 2009 - 2019 The Vette Barn


Support the Barn:
 
Download the Mobile App;
 
Follow us on Facebook:

Become a Stall Owner

 

Apple iOS App        Google Android App

 

Visit our Facebook page