Wells Fargo Gets Slap On Wrist
Josh Sigurdson says the long, drawn-out Wells Fargo fraud scandal is nearing its end, with the banking giant getting the proverbial slap on the wrist.
Sigurdson says Wells Fargo was finally charged with creating fake accounts and loans, and fraudulently repossessing peoples’ homes, adding billions in surprise fees to their coffers dating back to 2016. Their penalty: a measly $3.7 billion! “This is a slap on the hand,” Sigurdson says. “This is the sign of a desperate bank and they’ve been desperate for some time.” Here’s his report.