By: Juan Reynoso, WTP Activist – www.represent.us
We got the power to get Wells Fargo out of business.
Wells Fargo already lost a multi-million-dollar customer last week. Now, the bank can expect to lose a few more. We the people are fed-up with White collar corruption and zero prosecutions.
The evidence of fraud and corruption in Wells Fargo operation is huge; this financial institution should be ban from doing business in America. Our trust on the Banks and all the financial institutions in our country cannot be demised by corruption that our government is incapable to prosecute, John Stumpf and the people that is in control of the Wells Fargo Bank operations, from CEOS to the managers that are part of this fraud and corruption should be prosecute and send to jail; it is time to deal with white crime and corporate corruption. No Bank in this country should be given Carte Blanche to defraud the people of this country with impunity and be immune from prosecution. In the case of Wells Fargo, It is clear that John Stumpf will not be prosecuted and the people will not get justice, because our government is incapable and unwilling to get justice for the American people. Corporate criminals are rewarded with millions of Dollars and nothing is done to punish neither the criminals nor the institution.
Fellow Americans, we have the power to get justice. I closed all my accounts with Wells Fargo in San Antonio Texas and I call for every Business and customers of Wells Fargo to close their account with this corrupt Banking and financial corporation and send a message to all the corporate criminals that we the people will get our justice by destroying their business if they continue their corrupt and exploitation practice in our country; It is our duty as Americans to stand united in solidarity to get justice for the people of this country.
Close your Account with Wells Fargo and deposit your money with your State Bank or credit unions, Transnational Banks is given the power from our government to use our money and exploit us to get rich and powerful at our expenses.
For instance, Wells Fargo (WFC) is sitting on more than $17 billion in loans to the oil and gas sector. The bank is setting aside $1.2 billion in reserves to cover losses because of the "continued deterioration within the energy sector." Wells Fargo executives said Wednesday that the bank’s profitability is still better than peers. The firm reported its net interest margin, a measure of how profitably it can lend out its customers’ deposits, fell to 2.96% from 2.97% at the end of June and 3.06% in the third quarter a year ago. That margin has been challenged by the Federal Reserve’s policy of keeping interest rates low, a policy that Wells Fargo executives said would continue for longer than the industry had previously expected.
Wells Fargo Consumer Complaints and Reviews.
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