Scroll All The Way Down For:  Wells Fargo Deceptive Trade Practices Salvo 230
 


                                                                                         Liberty In Peril

                                                                                              formerly,

                                                                                       The Llano Ledger

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8-10-18

Hey, Amanda?  Can your corporate masters do anything right?  ... Other than steal, defraud, engage in deceptive trade practices, etc.?  CBS News reports:

"Wells Fargo says a company mistake contributed to hundreds of foreclosures because it miscalculated customers' eligibility for mortgage modifications."

'Mistake?'  Think so?  Don't your corporate masters shrewdly, determinedly, deliberately pre-plan and carry out their concerted f--king of people doing business with the bank, Amanda?

"The bank said in a filing Friday the error caused about 625 customers to be denied, or not offered, loan modifications they otherwise qualified for. Foreclosures were completed in about 400 of the cases."

No one fired?  No one prosecuted, Amanda?  All skated, just like you and your predecessor?  LOL.

"The customers had been using federal programs that helped families at risk of losing homes. Spokesman Tom Goyda says there's no breakdown of where the foreclosures occurred."

Convenient, isn't it?  Is that why no one was prosecuted for this deliberate concerted ass f--king?  That is, Wells Fargo pay off its bought and paid for government lackeys, Amanda?  -- You'll never tell, girl?  ... That's right, madam.  Almost forgot.  Your predecessor told me "the bank is the government."  How about that?  LOL.

"The error in the bank's underwriting tool lasted from 2010 until it was fixed in late 2015, an internal review found. It's the latest problem for the troubled bank, which almost two years ago disclosed it might have created 2.1 million accounts without customers' consent. It's also been fined for allegedly charging inflated fees to student loan borrowers and earlier this month agreed to pay $2.1 billion over its role in selling subprime mortgages in the lead-up to the financial crisis."

The problem is remarkably simple.  Banks are protected and coddled.  No one's prosecuted.  No one goes to prison.  ... Right, Amanda?  Not in Nazi America.

"The bank said it set aside $8 million this year to help the affected customers."

Piss hole in the snow.  Until these corrupt, abusive, criminal pieces of shit are prosecuted and imprisoned, this crap will never end.  You and your colleagues counting on it, Amanda?

Cowardly fail to financially and/or materially support those fighting for all civil and constitutional rights and liberties at great personal cost and risk?  Get what you truly deserve.


8-3-18

Think anything's truly changed at Wells Fargo?  The Washington Post reports:

"What Barbara Carroll says was meant to be a quick trip turned into a nearly three-hour ordeal after a Wells Fargo branch accused the 78-year-old black woman of forgery.  Carroll, who holds a doctorate in criminal justice and worked as an assistant bank manager for 17 years, last week filed suit against the country’s third-largest commercial bank, alleging racial discrimination. A Wells Fargo spokeswoman, Michelle Palomino, told The Washington Post that the bank is investigating Carroll’s claim. “Wells Fargo opposes discrimination of any kind,” Palomino said in an email. “We take Dr. Carroll’s allegations very seriously.”

They don't.  If they did, this woman would not have had to sue them.  They would have resolved the issue.  Have not yet resolved my issue with them going on six years now.  LOL.

"In November 2017, Carroll says, she went to a Fort Lauderdale, Fla., branch of the bank to cash a $140 check. Carroll was asked by a teller to present two forms of identification, a standard company policy for non-customers, Palomino said. After she endorsed the check with a signature and a fingerprint, Carroll told The Post, the teller, who was white, turned her back and flipped over the passport and driver’s license to look at them. After waiting 30 minutes on a couch in the back of the building, Carroll said, she knew something was awry.  Carroll told The Post she went to the counter to inquire about the delay. Frustrated with the wait, Carroll asked the teller to return her identification and check. She refused and fetched the manager, Carroll said. The manager also refused to return her items, according to Carroll, and informed her that they had called the police, refusing to explain why they had done so.  After waiting another 30 minutes, Carroll told the teller to keep the check and give back her passport and ID, according to the legal complaint filed by Carroll. The teller refused once more and would not say when the police would arrive, Carroll said."

Got to admit the treatment this woman received was far, far worse than that received by this writer as detailed throughout this publication on a continuing basis.

"While standing in front of the teller, Carroll called 911, and officers came within minutes, according to the complaint.  After she provided the police with six additional forms of identification, Carroll said, the officers told the manager they had found no irregularities. The manager, who Carroll said had previously verified the validity of the check with its writer, placed $140 in cash alongside her identifications on the counter and left.  “That was really insulting to me,” Carroll said. “She did not apologize.”

What did you expect?  Not the way the nazis in Wells Fargo operate.  Precisely, why this publication does all it can to expose these pieces of shit precisely for whom and what they are.  ... Right, Amanda?  LOL.  Not only in this publication, but in emails to a different business each week notifying them of how this bank does business.  Up to Salvo 217, -- and counting.  LOL.

"Carroll told The Post she was disturbed by the experience. As a former banker, she said, she thought the manager’s behavior was irregular and inappropriate."

Not at Wells Fargo.  ... Right, Amanda?  LOL.  -- Don't lie, girl.  LOL.

"In the ensuing days, Carroll lodged a formal complaint with the bank’s corporate office. Carroll told The Post that a representative told her in a phone conversation that the bank branch, which is located in an affluent white area, was notorious for treating black customers poorly. Carroll told The Post that Wells Fargo apologized and placed the two workers in “sensitivity” training. Wells Fargo declined to confirm whether the two were enrolled in training."

In Kingsland, doesn't matter what your ethnicity happens to be.  ... Right, Amanda?  An equal opportunity f--king to be expected.  LOL.

“I was humiliated,” said Carroll, who said she thinks this happened because she is black. “I’m a human being, and I wasn’t treated as I should have been.”  “We always want to make sure we’re doing right by our customers, guarding against fraud and taking extra precautions to protect them,” said Palomino, the spokeswoman."

Crock of shit.  ... Right, Amanda.  Goddamned lie.  Then again, what else is new?  LOL.

Cowardly fail to financially and/or materially support those fighting for all civil and constitutional rights and liberties at great personal cost and risk?  Get what you truly deserve.


6-1-18

Seems Congress has conveniently forgotten the 2008 bank fiasco, to say nothing of the much earlier savings & loan debacle.  NBC reports:

"President Donald Trump on Thursday signed legislation to scale back parts of the Dodd-Frank Act, calling the deregulatory move "a great day for America."  The banking reform bill, which resulted from the economic collapse of the late 2000s, had long been the object of complaint by the financial services industry.  However, the "big changes" to the legislation that Trump highlighted are really just modest alterations, some experts say. Banks and opponents of regulation didn't get close to all they wanted from the new law."

While smaller banks reportedly need regulatory relief, certainly didn't get what they wanted.  Banks 'too big to fail' still have not been reined in.  So what else is new?  LOL.

"Anyone who expected Dodd-Frank to be gutted was bound for disappointment. "This bill enshrines Dodd-Frank into law," said Aaron Klein, policy director of the Center on Regulation and Markets at the Brookings Institute. "The core elements of Dodd-Frank, stricter regulatory scrutiny and higher financial requirements, [remain in place.]"

Both political extremes can no longer agree on virtually anything.  Precisely, why this country continues to regress.

"More extensive goals like a complete repeal of the Volcker Rule, which reduced the ability of banks to use consumer and business deposits for speculative investments, an end to the Consumer Financial Protection Bureau, or the replacement of bankruptcy code additions for regulatory powers to unwind insolvent banks "were never going to attract moderate Democrats" necessary for passage, said Michael Silva, chair of the financial services regulatory practice at DLA Piper."

What's incredibly ironic about this is the fact we seem to have learned virtually nothing from both banking debacles.  Banks at the top of the food chain have not been reined in.  Smaller banks continue to be over regulated.  Precisely, why banks like Wells Fargo continue to do as they please, buy their way out of regulatory issues.  Smaller banks, which are for more conservative in how they handle risk, wind up suffering the consequences of over regulation.  Long-suffering public ultimately winds up paying the price, footing the bill.

Cowardly fail to financially and/or materially support those fighting for all civil and constitutional rights and liberties at great personal cost and risk?  Get what you truly deserve.


5-11-18

More of the same.  ABC News reports:

"Wells Fargo said Friday it has agreed to pay $480 million to resolve a class-action lawsuit brought by shareholders who claim the bank misstated or failed to disclose details about its sales practices.  The San Francisco-based bank said that the agreement is in principle, and must be approved by the court before it's finalized.  Wells Fargo denies the claims and allegations in the lawsuit, which was filed in federal court in Northern California. It said is settling the complaint to avoid the cost and disruption of further litigation."

Ferociously pointedly:

"Even with the latest settlement, Wells Fargo isn't in the clear. Its wealth management business is reportedly under investigation for improprieties similar to those that impacted its consumer bank. And the Department of Justice is investigating the bank's currency trading business."

Cowardly fail to financially and/or materially support those fighting for all civil and constitutional rights and liberties at great personal cost and risk?  Get what you truly deserve.


4-27-18

Trust Wells Fargo?  Think anything's changed?  CBS News reports:

"Wells Fargo (WFC) will pay $1 billion to settle federal charges into consumer abuses related to its auto lending and mortgage businesses, the U.S. government said Friday."

Nowhere near enough.  Why hasn't anyone been criminally prosecuted?  ... Right, Amanda?

"The action comes less than two years after Wells was fined nearly $200 million for illegally opening millions of phony deposit and credit card accounts."

Piss hole in the snow.  ... Right, Amanda?

"Wells Fargo violated the law in how it charged fees over locking in mortgage interest rates beyond the standard guaranteed window, and by operating a mandatory insurance program that increased insurance costs and fees for some borrowers' auto loans, possibly contributing to thousands of cars being repossessed, the Consumer Financial Protection Bureau said.   The bank's "conduct caused and was likely to cause substantial injury to consumers," the agency said in a consent order."

Why haven't these bastards been criminally prosecuted?  Too big to fail?

"In the case of mortgage loans, Wells charged some customers for the rate extension, even when the bank caused the delays in closing on a home loan. The practices occurred from September 2013 through February of 2017, and continued even after an internal audit by Wells found the danger to consumers, the CFPB said.  "We have said all along that we will enforce the law," Mick Mulvaney, acting director of the CFPB, said in a statement. "That is what we did here."

Horse shit.  Again, why haven't these corrupt and abusive bastards not been criminally prosecuted?  During your reign the last five months or so, why hasn't CFPB filed any new suits against anyone?  Protecting the criminal bastards who line your pockets, Mr. Mulvaney?

"The fine is the largest bank penalty administered under the Trump administration and is the biggest in the history of the CFPB, which has not announced any new enforcement cases under Mulvaney, who also heads the Office of Management and Budget and who began overseeing the CFPB in November."

Nowhere near good enough.  Has not brought this outrageously corrupt and abusive institution to its knees.  Nowhere near.

"President Donald Trump weighed in on Wells' conduct in December, declaring on Twitter that he would cut bank regulations but "make penalties severe when caught cheating."

More goddamned disingenuous horse shit.  ... Right, Amanda?

"The CFPB was created in 2010 under the Dodd-Frank financial reform law and Mulvaney, a former Republican House member and longtime critic of the CFPB, has come under fire from Democrats for rolling back the bureau's work."

This bastard's done shit squat, -- other than line his pockets by lining the pockets of his corporate masters.  Precisely, why the Trump nazi nominated him to this goddamned post.

"That criticism continued in the wake of Friday action. "Mulvaney has spent nearly five months working to undermine the consumer bureau from the inside," California Democrat Maxine Waters, the ranking member of the House Financial Services Committee, said in an emailed statement. "He has taken a series of actions to help out payday lenders, gutted the Office of Fair Lending and Equal Opportunity, scaled back enforcement actions, and asked Congress to further weaken the consumer bureau," she added."

What he and the Trump nazi have done is f--k consumers to line the pockets at the top of the food chain.

"The sentiment was reiterated by consumer advocates, who voiced concern that Mulvaney's efforts to ease investigations into the financial industry would undermine the CFPB's future work. "You can't stop lawmakers if you aren't looking for them," Pamela Banks, senior policy counsel for Consumers Union, said in a statement."

Precisely the intention.  To shove an ungreased shaft up the ass of consumers to line the pockets at the top of the food chain.  No more complicated than that, right, Mr. 'President?'

Cowardly fail to financially and/or materially support those fighting for all civil and constitutional rights and liberties at great personal cost and risk?  Get what you truly deserve.


4-13-18

Our nazi president and his henchmen continue to protect the banks.  The following is appalling.  Gross dereliction of duty.  CBS News reports:

"In the 135 days since the Trump administration took control of the nation's consumer watchdog agency, it has not recorded a single enforcement action against banks, credit card companies, debt collectors or any finance companies whatsoever.  That's likely no fluke: Mick Mulvaney, appointed acting director of the Consumer Financial Protection Bureau in late November, promised to shrink the bureau's mandate and take a much softer approach to enforcement, and records reviewed by The Associated Press indicate he has kept his word.  A review of a CFPB database obtained by the AP through a Freedom of Information request shows that the bureau issued an average of two to four enforcement actions a month under former Director Richard Cordray, President Obama's appointee. But the database shows zero enforcement actions have been taken since Nov. 21, 2017, three days before Cordray resigned."

Trump and his henchmen remain an exigent threat to consumers and the rule of law:

"Before Mulvaney, the bureau used enforcement actions to extract billions of dollars in relief for consumers from financial companies and to stop companies from doing harm. Bank of America was ordered to return $727 million to consumers for deceptive credit card practices in 2015 — the largest award in the bureau's history — but the CFPB has issued dozens of smaller actions to get relief for student borrowers, victims of debt collection companies and bank customers.  In the roughly seven years it has been in existence, the bureau has returned $3.97 billion in cash back to American consumers through enforcement actions and an additional $7.93 billion in other types of relief, such as lower loan balances or debt relief, based on the CFPB's records. The bureau estimates roughly one of every 10 Americans has received some sort of reimbursement or relief due to the bureau's enforcement work since it was created.  Despite that direct relief to consumers, Republicans — including Mulvaney when he was representing South Carolina in Congress — accused the bureau of overreach. Mulvaney once called the bureau a "sick, sad joke" of an agency."

A raucous, boot clicking, goose stepping, treasonous, treacherous, traitorous Sieg Heil!, Mr. 'President?'

Cowardly fail to financially and/or materially support those fighting for all civil and constitutional rights and liberties at great personal cost and risk?  Get what you truly deserve.


3-23-18

Wells Fargo saga continues unabated.

"A federal investigation into Wells Fargo has broadened to include the bank's wealth-management division, according to a Wall Street Journal report Friday.  Wells Fargo is wrestling with the aftermath of a scandal in its retail banking unit in which, among other things, employees opened up millions of fake accounts without customer authorization.  The Justice Department is now investigating whether Wells Fargo made inappropriate recommendations or referrals, or failed to inform customers about potential conflicts of interest, the Journal reported, citing unnamed people familiar with the matter."

Until these bastards are criminally charged and prosecuted, nothing changes.  ... Right, Amanda?

"Meanwhile, Well Fargo (WFC) said earlier this week that CEO Tim Sloan received a $4.6 million raise, or a 35 percent pay hike, despite the bank continuing to face the fallout of its sales-practices scandal."

... While bank customers continue to get egregiously f--ked.

Cowardly fail to financially and/or materially support those fighting for all civil and constitutional rights and liberties at great personal cost and risk?  Get what you truly deserve.


3-9-18

Think the sorry f--kers in both major political parties are worth a shit?  You're about to be royally screwed in the Senate.  The bastards are clearly bought and paid for.  ABC News reports:

"The Senate moved closer Tuesday to passing legislation to roll back some of the safeguards Congress put in place to prevent a repeat of the financial crisis. Enough Democrats supported a procedural vote on the bipartisan bill to show it has a good chance of passage in the Republican-majority Senate.  The move to alter some key aspects of the Dodd-Frank law comes ten years after the financial crisis rocked the nation's economy. The bill has overwhelming Republican support and enough Democratic backing that it's expected to gain the 60 votes necessary to clear the Senate. That was reflected in the 67-32 vote Tuesday, with 16 Democrats and one independent voting to move ahead with consideration of the bill."

Think the banking cartel hasn't lined their pockets?  ... Right, Amanda?

"Several Democratic lawmakers facing tough re-election races this year have broken ranks with Minority Leader Chuck Schumer, D-N.Y. and Sen. Elizabeth Warren, D-Mass.  Nonpartisan congressional analysts say the legislation would slightly increase the probability of a big bank failure — prompting a possible taxpayer bailout — or another financial meltdown. The probability of those events is deemed to be small under current law. The new assessment by the Congressional Budget Office estimates the bill would increase federal deficits by $671 million between 2018 and 2027 if it became law.  "This bank giveaway bill will cost taxpayers," Sen. Sherrod Brown of Ohio, the top Democrat on the Senate Banking Committee, said in a statement. "Hardworking Americans shouldn't have to pay for favors to Wall Street, foreign megabanks and their lobbyists."

Why not?  Forget?  The American Way.  F--k the taxpayers.  Turn them upside down.  Shake the change out of their pockets.  Wouldn't want the top of the food chain, the banks, and the corporate management suite to go without, would we?  Equally pointedly, other than lining their pockets off the taxpayer dime, why would Republicans back legislation that would increase the deficit?

Cowardly fail to financially and/or materially support those fighting for all civil and constitutional rights and liberties at great personal cost and risk?  Get what you truly deserve.


3-9-18

Wells Fargo fiasco widens.  NBC News reports:

"Embattled Wells Fargo is accused of adding on to fraud victims' troubles by closing their accounts without investigating potential criminal activity, a new lawsuit by an ex-fraud investigator for the bank claims, echoing customer complaints.  By law, a bank is supposed to investigate potential criminal activity when a customer complains of fraud. Instead, according to Matthew Valles, a former fraud investigator for Wells Fargo in Portland, Oregon, Wells Fargo closed the accounts and got rid of the customer. On Wednesday he sued the bank and his former manager for violating whistle-blower laws, alleging he had been fired in retaliation for his complaints about "hundreds" of mishandled cases."

Sounds remarkably similar to what happened to this writer, doesn't it?  LOL.

Cowardly fail to financially and/or materially support those fighting for all civil and constitutional rights and liberties at great personal cost and risk?  Get what you truly deserve.


2-23-18

While the Consumer Financial Protection Bureau has indeed received continued pointed criticism in this publication vis a vis its egregious failure to hold  Wells Fargo Kingsland legally accountable for deceptive trade practices, the CFPB remains the last best hope against an outrageously corrupt and abusive banking community.  Especially, since the Abbott nazi, then Texas Attorney General, failed to even answer the snailmailed complaint.

Not surprisingly, the Trump nazi and his henchmen continue to do all they can to eviscerate this agency.  To protect their cronies in the corporate management suite.  Line the pockets of those who line theirs.  As repeatedly reported in this publication and elsewhere, Trump appointee Mick Mulvaney is enabling loanshark payday lenders to continue egregiously f--king their victims.  This son of a bitch needs to be criminally investigated.

NPR reports:

"The Trump administration is proposing to dramatically cut funding for the Consumer Financial Protection Bureau, a move critics say is an ongoing assault on the 7-year-old agency.  The bureau was championed by Elizabeth Warren and other Democrats and created in the wake of the financial crisis to protect Americans from getting ripped off by financial firms."

The Trump nazi and his henchmen continue to support these criminal f--kers who concertedly, determinedly continue to f--k the bottom and middle class.  These corrupt abusive asshole leeches indeed make their money the old fashioned way.  Steal it.  Yet, with the racist Sessions nazi in charge of the 'Justice' Department expect no relief.  Just a rubber stamp of this continued f--king.

"The White House proposal would chop funding for the CFPB by about $150 million — or a quarter of its budget. Such cuts would mean "massive layoffs and disruptions," says Mike Calhoun, the president of the Center for Responsible Lending. That would "make it hard for it to do its job — a job that it's been doing incredibly well," he says."

We've lost our country.  Criminals now run and own our formerly great nation.

"Financial watchdog groups such as Calhoun's say the agency has been paying for itself many times over. Part of its mission is to go after companies that swindle consumers to get people their money back, "so far returning over $12 billion in relief to consumers who were treated illegally by financial companies," Calhoun says. So in that sense, the CFPB is returning far more money to taxpayers than it's costing them."

Doesn't matter to the criminals now running the Executive Branch.  In fact, quite the opposite.

"Under Mulvaney, the bureau has put on hold new regulations for high-interest payday lenders. And it's dropped an investigation into a a payday lender that contributed to Mulvaney's campaign when he was in Congress. Mulvaney has said he doesn't think those contributions create a conflict of interest."

Called obstruction.  Hopefully, Mueller is looking into all this.

"And now Mulvaney has proposed steep budget cuts. He says he's not "gutting" the agency, but Democrats vow they won't take the move sitting down.  "We will fight any effort to defund the CFPB," says Sen. Chris Van Hollen, D-Md. Van Hollen pressed Mulvaney in a hearing this week about the agency head's decision to drop a lawsuit against an online lender called Golden Valley. The lawsuit said the lender is charging illegal and predatory interest rates."

First, Mulvaney is a liar.  Second, Democrats have been absent without leave, out to lunch since November 22, 1963.  Miserable failures.  Concertedly, refused to stand up to the growing nazism embraced by national socialists in the Republican Party for decades.  Certainly, since the days of the McCarthy nazi back in the 50s.

    "Van Hollen: "950 percent interest rates. ... this is higher than Mafia loan sharks. Were you part of the decision to drop the case against Golden Valley?"

    "Mulvaney: "Yes sir."

    "Van Hollen: "I'll follow up with that. I think it's an outrageous decision."

Open, blatant, pernicious legalized theft.

"Van Hollen says an NPR report this week prompted him to start looking into the lender. That report said Mulvaney dropped the lawsuit even though the entire professional career staff at the bureau wanted to press ahead with the case.  Van Hollen says he wants a full accounting from Mulvaney about why he did that. "It's pretty clear right now, if left to their own devices, Mulvaney and the Trump administration will essentially turn the keys to the agency over to the very people who are cheating consumers," Van Hollen says."

Hear the rumble?  An unwanted dreaded second American revolution catastrophically looming.  As Congress and the courts remain deafeningly silent.

"The CFPB gets its funding from the Federal Reserve, not Congress. But if Mulvaney tries to slash its budget, Mike Calhoun of the Center for Responsible Lending says Congress could act to block the move.  Polls show that the CFPB is popular with voters of both parties. So Calhoun says some Republicans might join Democrats to protect the agency."

Think so?  Hopefully, not all the thieving bastards in both parties are bought and paid for.

Cowardly fail to financially and/or materially support those fighting for all civil and constitutional rights and liberties at great personal cost and risk?  Get what you truly deserve.


2-16-18

Trump and his henchmen have egregiously failed to upheld their oaths of office to protect and defend the United States Constitution and the rule of law.  Instead, devote their time to aiding and abetting their corporate masters.  The following is appalling.  Tip of the iceberg, however.  NPR reports:

"The Consumer Financial Protection Bureau was created after the financial crisis to protect Americans from being ripped off by financial firms.  Now, President Trump's interim appointee to run the bureau, Mick Mulvaney, is making radical changes to deter the agency from aggressively pursuing its mission.  An internal memo obtained by NPR says the CFPB on Monday will unveil a new strategic plan to that end. A "revised mission and vision of the bureau" for the years 2018 through 2022 will call upon the agency to "fulfill its statutory responsibilities but go no further." It also says the bureau should be "acting with humility and moderation."

Translation?  Let the thieving bastards do as they please, grant them carte blanche to fleece the public.  Think this bullshit?  Wake up.  Take your head out of your ass.  -- Ignorance is forgivable, aggressive stupidity certainly not.  Read on:

"This new direction is consistent with Mulvaney's other memos and statements and formalizes his plans for defanging the watchdog bureau and reshaping its mission, according to insiders and experts that NPR has talked to.  The CFPB is considered a powerful and independent watchdog. But many Republicans have wanted to shut it down since Day 1 because they think it's too powerful. Mulvaney is one of them. As a congressman, Mulvaney called the agency a "sick sad joke." He drafted legislation to abolish it. So people at the bureau were shocked when the president appointed him to run this consumer protection agency."

Shocked?  Why?  The fascist bastards at the top of the food chain make money the old fashioned way.  Steal it.  From the bottom and middle class.  Think not?  Take your head out of your ass.  Why do you think money 'magically' defies the laws of physics, that is, flows up to the top?  The piece of shit in the Oval Office deliberately nominated one of his own to make this happen.

Precisely how and why this shit occurs.  Never ends.  Trump's sick sycophants remain too blinded by their aggressive stupidity to understand this.  Still cheer the thieving nazi on.  While he's determinedly f--king them hard in the ass without the Vaseline.  ... Only when the pain gets highly personal and ferocious do they finally comprehend what was heretofore achingly incomprehensible.  Read on.  Might learn something.

"Within weeks of coming on board, Mulvaney has worked to make the watchdog agency less aggressive. Under his leadership, the CFPB delayed a new payday lending regulation from going into effect and dropped an investigation into one payday lender who contributed to Mulvaney's campaign. In another move that particularly upset some staffers, the new boss also dropped a lawsuit against an alleged online loan shark called Golden Valley Lending. The suit says the lender illegally charges people up to 950 percent interest rates. It took CFPB staffers years to build the case."

Still don't get it? Wake up.  Trump and his henchmen are royally f--king you hard in the ass to line the pockets of your corporate masters and the rest of the top 1% of the food chain.  These thieving bastards do indeed run and own this country.  Certainly, run and own their shills in government.  In return, elected officials, both parties, handsomely line their pockets off what is no more than legalized bribery.  You're being fleeced.  Bamboozled.  Why do you think none of the criminals at Wells Fargo have been prosecuted?  ... Right, Amanda?

"People are devastated and angry — just imagine how you would feel if years of your life had been dedicated to pursuing justice and you lose everything," says Christopher Peterson, a former Office of Enforcement attorney at the Consumer Financial Protection Bureau who worked on this particular case early on."

To line the pockets of the top of the food chain,  concertedly f--k the bottom and middle class.  Yet despite being f--ked hard in the ass by Trump and his henchmen, his sick sycophants are too stupid to understand this.  Haven't a clue.  ... Until it strikes close to home.

"Peterson believes that had the lawsuit been pursued and the CFPB won, it could have clawed back money to help thousands of people who have allegedly been hurt by the lender."

Can't have that, can we?  Forget?  Precisely how these traitorous, treasonous, treacherous, sons of bitches make their money.  The old fashioned way.  Steal it.  This carefully engineered f--king, however, is not limited just to payday lenders, the banking community, but throughout the entire business community.  Precisely why this system is failing, remains unsustainable.

Wake up:

"People like Julie Bonenfant, 27, who does administrative work for the city of Detroit. Last year was a tough one for her — she broke up with her boyfriend, her car was stolen and she got behind on her rent. She found Golden Valley Lending online and and took out a loan, but she says she had no idea what she was getting herself into.  "I was literally facing eviction because I was so behind on my rent and I had no idea where I was going to come up with the money and it was just really rough," Bonenfant says. "It was just misleading. ... The way it was presented was ... I was going to make four large payments and then be done."

Bastards lie like hell, cagily deceive to line their pocketsUnregulated, uncontrolled laissez-faire capitalism craftily designed to loot.  Forget?  For at least the last 150 years, the American Way.

"But after those four payments, the lender continued to take money directly out of her checking account. When she asked why, the lender told her she had agreed online to a lot more payments.  Bonenfant sent NPR a screenshot from the Golden Valley website. It says on her $900 loan, her scheduled payments in less than 12 months will total $3,735, or more than four times what she borrowed."

Legalized loansharking. Nazi America.  De facto fascist police-state soon to become the Trump nazi's Fourth Reich.

"Bonenfant has so far paid more than $3,000 to Golden Valley and rung up more than $1,000 in overdraft fees at her bank.  When she showed it to her boss, he called the loan's terms "illegal."  Lawyers at the CFPB came to a similar conclusion. That's why back in April, the bureau sued Golden Valley Lending for unfair, deceptive and abusive business practices.  The lawsuit was moving forward until Mulvaney came on board, when it was suddenly dropped."

Blatant obstruction of justice.  Wake up.

"Dismissal of this lawsuit shows an outrageous disregard for the rule of law," says the former CFPB attorney Peterson, who calls the lender "one of the worst of the worst" for swindling many people around the nation out of tens of millions of dollars."

Founders?  Spinning in their graves.  No longer a democratic republic.  In name only.

"A key backer of Golden Valley was recently convicted of racketeering charges in a case involving another online lender, according to court documents. Given this history, Peterson wonders why Mulvaney dropped the lawsuit against Golden Valley."

Did so, because like the Trump nazi, he's a treasonous, traitorous, treacherous criminal with no regard for the United States Constitution and rule of law.  None at all.

"The Trump administration is just going to turn them loose and let them off the hook despite the fact they were making 950 percent interest rate loans to struggling families in ways that were illegal and unauthorized under both state and federal law," Peterson says."

Exactly, right.  Yet, Trump's sick sycophants insanely cheer the thieving, criminal, traitorous lunatic on.

"Mulvaney declined requests for an interview. In an email, his press representative first said the decision to drop the Golden Valley lawsuit was made by "professional career staff" and not Mulvaney."

Like Trump, this bought and paid for son of a bitch is a liar.  Think not?  Wake up.  Get this:

"But several CFPB staffers that NPR spoke to say that's not true. The staffers, who spoke on condition of anonymity for fear of losing their jobs, say Mulvaney decided to drop the lawsuit even though the entire career enforcement staff wanted to press ahead with it."

Truth?  A moving target in Nazi America.

"After repeated questioning from NPR, Mulvaney's press person acknowledged that Mulvaney was indeed involved in the decision to drop the lawsuit.  In his new strategic plan and in memos to staff, Mulvaney has made it clear that he wants to rein in the bureau."

To line the pockets of those who have lined his.

Remains achingly disingenuous, evilly duplicitous:

"He says the previous director "pushed the envelope" and has said he wants the agency to have more "humility." He has also suggested that going after payday lenders that charge extremely high interest rates won't be a priority."

Imagine that.  Bought and paid for.

"Some see this as Mulvaney's way of paying back supporters of his campaign."

Think that bullshit?

"As a congressman he took $62,000 plus from the payday lenders. And now at the CFPB he's doing their bidding," says Karl Frisch, executive director of the consumer group Allied Progress."

Couldn't be could it?  'Say it ain't so, Mick, say it 'ain't' so.'

"Golden Valley declined an interview. The company is officially headquartered on an Indian reservation. In a court document, the company argues its loans are governed by tribal law."

How about that?  LOL.

"The CFPB lawsuit disagreed, saying Golden Valley makes illegal loans across the country.  For her part, Julie Bonenfant of Detroit still hasn't paid off her debt to Golden Valley. And she feels betrayed by the president, whose appointee dropped the lawsuit.  "To be honest I'm really mad, really pissed, because I actually voted for Trump," Bonenfant says. "So knowing that his guy threw out this case that affects people like me, I feel kind of like stupid — just kind of like betrayed."

You were.  By the charlatan in the Oval Office and his henchmen.  One thing, however, to have ignorantly voted for the son of a bitch, -- despite all the handwriting on the wall during the campaign.  Quite another to continue to support this lunatic nazi as many of Trump's sick sycophants cluelessly continue to do.

"Mulvaney hasn't officially offered details about why the case was dropped. Meanwhile, staffers at the bureau say they are worried Mulvaney will block more of their efforts to go after shady financial firms. He's reviewing numerous ongoing lawsuits and investigations."

Do the right thing.  Tender your resignations en masse.  Courageously send the bastard and his nazi fuhrer in the Oval Office the message you won't tolerate this ongoing f--king.  Find a pair of cajones.  Stand on principle no matter the personal cost.

The quotes are courtesy of a most gifted insightful writer, Chris Arnold.

Cowardly fail to financially and/or materially support those fighting for all civil and constitutional rights and liberties at great personal cost and risk?  Get what you truly deserve.


2-9-18

The Federal Reserve is sticking it to Wells Fargo.  CBS News reports:

"The Federal Reserve is imposing more penalties on Wells Fargo, freezing the bank's growth until it can prove it has improved its internal controls.  "Until the firm makes sufficient improvements, it will be restricted from growing any larger than its total asset size as of the end of 2017," the Fed announced in a statement. "The Board's consent cease and desist order with Wells Fargo requires the firm to improve its governance and risk management processes, including strengthening the effectiveness of oversight by its board of directors."  In addition, the San Francisco-based bank agreed to replace three board members by April and a fourth by the end of this year."

The bastards need to be criminally prosecuted.  ... Right, Amanda?

Cowardly fail to financially and/or materially support those fighting for all civil and constitutional rights and liberties at great personal cost and risk?  Get what you truly deserve.


2-2-18

Here is at least one of the reasons why Texas Gov. Greg Abbott, as Texas Attorney General, failed to investigate a complaint filed against Wells Fargo by this writer. Texas Standard reports:

"From KUT: When Texas Gov. Greg Abbott was the state’s attorney general, he had a memorable description for his old job.  “My job description has been simplified over the past four years,” he said during a speech in 2013. “Because what I do is I go into the office, I sue the federal government and then I go home.”

Cowardly fail to financially and/or materially support those fighting for all civil and constitutional rights and liberties at great personal cost and risk?  Get what you truly deserve.


12-15-17

Apparently, surprisingly, the Trump nazi does not approve of Well Fargo business practices.  Imagine that.  Who'd 'a 'thunk' it?  Got to be something more than meets the eye.  LOL.  CBS/AP reports:

"President Donald Trump weighed in on an investigation into scandal-plagued Wells Fargo, tweeting Friday that fines and penalties against the bank would not be dropped, and may actually be "substantially increased."  Trump's statement comes a day after Reuters reported that Mick Mulvaney, the president's budget director and now acting director of the Consumer Financial Protection Bureau, was weighing whether the bank should have to pay tens of millions in fines already levied against it for mortgage lending abuses."

Think the bank may have f--ked the Trump nazi somehow in the past?  LOL.

"Fines and penalties against Wells Fargo Bank for their bad acts against their customers and others will not be dropped, as has incorrectly been reported, but will be pursued and, if anything, substantially increased. I will cut Regs but make penalties severe when caught cheating!
    — Donald J. Trump (@realDonaldTrump) December 8, 2017"

Think so?  LOL.

Cowardly fail to financially and/or materially support those fighting for all civil and constitutional rights and liberties at great personal cost and risk?  Get what you truly deserve.


11-17-17

Pending change at the Consumer Financial 'Protection' Bureau.  NPR reports:

"Richard Cordray, the embattled director of Consumer Financial Protection Bureau, announced Wednesday that he will leave the agency by the end of November.  "I am confident that you will continue to move forward, nurture this institution we have built together, and maintain its essential value to the American public," Cordray wrote in an email to the agency's staff.  Cordray, who has been a tough regulator of banks and other financial institutions, has been a frequent target of Republican lawmakers. Most recently, Congress killed a rule by the bureau that allowed consumers to bring class-action lawsuits against banks and credit card companies to resolve financial disputes."

Readers are reminded Cordray, shortly after attaining office years ago, did absolutely nothing vis a vis the deceptive trade practices complaint filed by this writer against Wells Fargo, long before the shit finally hit the fan against this outrageously corrupt, abusive, conniving, abjectly duplicitous bank.  New readers of this publication are advised to click on any of the Wells Fargo icons sprinkled all over the homepage and every Newsletter edition since.


10-27-17

The following is appalling.  Expected in a United States Senate run by Republican national socialists.  NPR reports:

"The Senate has voted to get rid of a banking rule that allows consumers to bring class-action lawsuits against banks and credit card companies to resolve financial disputes.  With Vice President Pence casting the tie-breaking vote, the rollback of the Consumer Financial Protection Bureau rule banning restrictive mandatory arbitration clauses found in the fine print of credit card and checking account agreements passed 51-50, with Sens. Lindsey Graham, R-S.C., and John Kennedy, R-La., voting against repeal.  The Republican-controlled House had already voted to rescind the rule and President Trump is expected to quickly sign the measure, which also bars similar rules in the future."

Outrageously, unconstitutional.  Forces looted citizens to give up the constitutional right to sue in order to get a bank account.  Where were the goddamned Democrats?  Why the hell didn't they walk out the Senate prior to the vote?

"The CFPB rule, released in July, was aimed at giving consumers more power. Prior to the rule, the CFPB said companies could "sidestep the court system" by "forcing consumers to give up or go it alone."  This allowed companies to "avoid big refunds, and continue harmful practices," the CFPB wrote in July in announcing the changes.  CFPB said it was redressing a situation in which consumers were forced "to give up or go it alone — usually over small amounts," while companies were able to "sidestep the court system, avoid big refunds, and continue harmful practices."  In a statement released shortly after the vote, CFPB Director Richard Cordray said it represented "a giant setback for every consumer in this country. Wall Street won and ordinary people lost."

Precisely, what nazis in the Republican Party desperately wanted.  Did the will of their corporate masters.  Democrats?  Out to lunch.  Wouldn't even walk out the Senate prior to the vote.  As the Republicans, bought and paid for.

"In July, The Washington Post wrote that the rule "came about because of the 2010 Dodd-Frank financial reform legislation, which the Trump administration and Republicans have been trying to dismantle. The legislation required the CFPB to study the use of arbitration agreements and report back to Congress. The rule is a result of that report."  The move is part of a larger push by Republicans to roll back regulations that they believe hurt the free market."

Goddamned, unadulterated bullshit.  No such thing as a free market.  The market is owned, operated, manipulated by those with the wherewithal, that is, the wealth to do it.  No more complicated than that.  Republican nazis continue to indulge in, promulgate the delusional myth there is indeed a free market.  There isn't.  Never was.  No more than discredited Ayn Rand Atlas Shrugged bullshit.  A ruse.  Cleverly designed to line the pockets at the top of the food chain.

"So who does forced arbitration help? Wall Street banks and other huge corporations that never pay the price for cheating working people," said Sen. Sherrod Brown, D-Ohio."

Precisely, the intention.

"As NPR has reported, "in recent years, and especially after a Supreme Court decision in 2011, mandatory arbitration clauses have become widespread across all kinds of industries. So consumers in many instances have signed away their right to seek restitution through a class action."

As repeatedly stated throughout this publication, Wells Fargo does it by including the arbitration requirement in the written copy of the agreement, noticeably absent on the computer copy signed by anyone opening an account.  Deceptive trade practices ignored by our nazi Texas Governor when he was Texas Attorney General.  ... Right, Greg?  Amanda?  Raw nazism.

CBS News reports:

"Wall Street scored a major victory when Vice President Pence cast a tie-breaking vote in the Senate on Tuesday night to block new rules that would have allowed Americans to sue their banks. So-called mandatory arbitration clauses force consumers to resolve issues in arbitration and block class action lawsuits. While the banking industry says the practice saves time and money, consumer advocates argue it robs Americans of their day in court."

Direct abrogation of the constitutional right to sue.

"Consumers expressed outrage on social media, with some citing the Equifax data breach as an example why the practice should be barred. After its massive hack exposed the personal data of 145 million Americans, the credit-reporting bureau offered free credit monitoring for those affected -- but the service required consumers to sign away their right to sue Equifax."

Nazi America.  Run and owned by your corporate masters.  National socialism.  Courtesy of both bought and paid for political parties.

"The Senate vote to block rules that would have banned arbitration clauses was called a "a truly shameful moment in Congress" by Amanda Werner, arbitration campaign manager for Americans for Financial Reform and Public Citizen.  On social media, many consumers criticized the vote, calling it "open season on the consumer" and a move that will only help banks.

"Absolutely criminal. These banks can rip people off en masse and hide behind mandatory arbitration clauses to avoid consequences.
"— Zachary Mabry (@ZacMabry) October 25, 2017"

The American Way.

"In a statement, Werner added, "Rather than pass meaningful legislation to help the 145 million Americans harmed by the data breach, a slim Republican majority chose to take away our only chance at holding financial giants accountable. Surely, those 145 million voters will remember this betrayal."

Will they ever.

"Advocates like Werner, who brought attention to the issue earlier this month for dressing up as Rich Uncle Pennybags from Monopoly during the Equifax Senate hearing, say the clauses effectively shield corporations from legal repercussions for their actions."

You've been royally f--ked.  Enjoy.  Got what you deserved.  Forget?   You gutlessly failed to stand up to these bastards.


10-20-17

In follow up to earlier editions here and elsewhere vis a vis Equifax, CBS News reports:

"Indeed, that massive data breach was possibly one of the worst things that could happen to this global data-sensitive company. And then last Thursday, some more unpleasant news emerged: The IRS said it was temporarily suspending its $7.1 million data security contract with Equifax after malware was detected on some pages of the credit bureau's website."

Taxpayers and consumers are indeed double f--ked.   Not only by IRS, but one of its corporate masters.  Repeatedly.  Ferociously.

Insult to injury?  Get this:

"We believe Equifax's long-term financial model remains intact," said William A. Warmington, senior analyst at Wells Fargo Securities, in a recent report to clients. He said he was reiterating his "outperform" rating on Equifax following the three-day Congressional testimony by former CEO Richard Smith. "We expect investor focus to now turn to preliminary 2018 guidance on Equifax's third-quarter earnings call," he said."

One outrageously criminal corporation evaluating another.  ... Right, Amanda?

"Warmington noted that his 2018 estimates were below consensus because many investors expected 2018 to be a "transition year," with revenues and costs predictably affected by the breach. The challenge to management, he added, is to provide insight into the breach's impact, such as which costs are transitory versus fixed.  But he reiterated that Equifax's long-term growth model remains viable, and so he has now introduced above-consensus estimates for 2019 revenue of $3.77 billion and earnings per share of $6.80."

Warms the cockles of the heart, doesn't it?

Insult to injury?

"Some analysts believe the Congressional hearings were a win for Equifax. Afterward, said George Mihalos, equity analyst at investment firm Cowen, "we see little long-term risk to Equifax's B2B [business-to-business] business and its role in the consumer lending ecosystem."

Hear the rumble?  An unwanted dreaded second American revolution catastrophically looming.  ... As the revolution doomsday clock strikes ever closer to midnight.


10-13-17

Two outrageously corrupt abusive corporations got their ass kicked hard figuratively in the Senate by both Democrats and Republicans recently.  NPR reports:

"When corporate chief executives appear before Congress, they come braced for battle, but hope for gentle treatment.  Tender handling is not what they got on Tuesday. Not from Republicans. Not from Democrats."

About time.  Tough shit.  Doesn't your heart bleed?

"Not when they were representing Wells Fargo and Equifax — two huge companies that recently have harmed Americans.  "At best, you were incompetent. At worst, you were complicit. And either way you should be fired," Sen. Elizabeth Warren, D-Mass., told Wells Fargo CEO Tim Sloan."

Not good enough. Nowhere near.  What this son of a bitch and his cronies desperately need is criminal prosecution.  ... Right, Amanda?

"Sloan was testifying before the Senate Banking Committee, trying to explain the scandals that continue to plague his company."

Explain what?  Criminal activity?  Egregious violation of privacy?  Unbridled greed?  Gross incompetence?  Legalized theft?  What?  The inexcusable?

"In another hearing at the same time, the former CEO of Equifax, Richard Smith, was telling a House Energy and Commerce subcommittee about how his company managed to expose the sensitive, private information involving more than 145 million Americans."

This son a bitch and his cronies also desperately need criminal prosecution:

"The scope of Equifax's failure to protect people's privacy was "unprecedented," subcommittee chairman Bob Latta, R-Ohio, said. The breach was "also unique because of the sensitivity of the information stolen — including full nine-digit Social Security numbers," Latta said."

Height of galling hypocrisy?  Get this:

"Smith, who stepped down last week from Equifax, started by saying: "I'm truly and deeply sorry for what happened."

Like the Trump nazi, failed to take personal responsibility:

"He then blamed the massive breach on two factors: "human error and technology errors."  Rep. Frank Pallone, D-N.J., said Congress should pass legislation to protect consumers whose personal data gets stolen in such security failures. "Of course, breaches will continue to occur, but they occur more often when there is no accountability and when no preventative measures are in place," he said."

Precisely, why these pieces of crap need to be aggressively prosecuted every goddamned time this shit happens.

"Equifax executives were notified of the security breach in July, but waited until August to disclose it.  "Consumers do not have any say in whether or not Equifax collects and shares their data," Pallone said. "And that's what makes this breach so concerning. This is unlike any other breaches at stores like Target and Michael's where consumers could make a choice and change their shopping habits if they were upset with how the companies protected data. That's simply not the case with Equifax."

No regulation.  Do as they please.  Refuse to correct erroneous reports.  Since the government is bought and paid for by its corporate masters, abjectly refuses to effectively regulate them, credit reporting agencies need to be abolished.  These agencies are no more than a ruse, an unmitigated fraud.

Regarding Wells Fargo:

"The banking giant, which is an NPR sponsor, has been in trouble for more than a year – ever since it revealed that its aggressive sales culture had led to the creation of millions of potentially fake accounts. Since then, other scandals have erupted, mostly involving excessive fees."

Yet, no criminal prosecution.  Protected and coddled.  ... Right, Amanda?

Insult to injury?  Galling Aryan arrogance?

"Like Smith, Sloan showed remorse.  "I am deeply sorry for letting down our customers and team members," he said. "I apologize for the damage done to all the people who work and bank at this important American institution. When the challenges at Wells Fargo demanded decisive action, the bank's leaders acted too slowly and too incrementally. That was unacceptable."

You bastards in the corporate management suite were the goddamned ring leaders.  The peasants don't fart without permission, authorization of their corporate masters.  Yet, you refuse to take responsibility for your crimes, you nazi son of a bitch?  Give me a break.

"But senators thought it was worse than unacceptable. Sen. John Kennedy, R-La., asked Sloan: "What in God's name were you thinking?"  And Sen. Sherrod Brown, D-Ohio, was having none of it. "The changes Mr. Sloan and his team have made are not sufficient to reform a corporate culture that is willing to abuse its customers and employees in an effort to pad its numbers and increase executive compensation," Brown said."

Precisely, why clawbacks, restitution, and criminal prosecution are desperately needed.  While directly responsible for this outrageous criminal activity, the attitude of this fascist son of a bitch remains 'hear no evil, see no evil, speak no evil.'  An egregious crock of shit.  ... Right, Amanda?

Here's what makes these achingly duplicitous, unregulated credit reporting agencies so goddamned dangerous.  The AP reports:

"It's also incredibly difficult to opt out of the system. You could live an all-cash lifestyle, never requesting credit from any bank, but still wind up with your information in the hands of the credit companies through less-obvious sources like cable or phone companies, property tax bills, or doctors' offices.  Customers like this are known as "thin file" borrowers, because of the lack of information, but that doesn't stop Equifax, Experian and TransUnion from building files on you. In these cases, the companies might only have a name, address, maybe a Social Security number — but that data could still be enough to start the process of identity theft."

The public has been sold out.  By both major political parties.  Bought and paid for.  By their corporate masters.  Hear the rumble?  An unwanted dreaded second American revolution catastrophically looming.  As the doomsday revolution clock strikes ever closer to midnight.

Insult to injury?  The Senate remains achingly clueless.  NPR reports:

"Former Equifax CEO Richard Smith, who stepped down just last week, faced a roomful of angry senators and some tough questions at a hearing Wednesday. It was the second of three congressional hearings he is testifying in front of this week.  Republicans and Democrats alike are upset about the massive hack of Social Security numbers and other sensitive information at the consumer credit reporting company.  "This simply is not a company that deserves to be trusted with Americans' personal data," said Sen. Sherrod Brown, D-Ohio, the Senate Banking Committee's ranking member. "Your actions have exposed over half the country's adults to financial harm."

Congress gave these bastards authority to collect this data.  Why?  To line your pockets, Senator?  Forget?  You bastards are bought and paid for.

"The whole thing is staggering," said Sen. Elizabeth Warren, D-Mass. "Equifax and this whole industry should be completely transformed."

Since Congress is bought and paid for, refuses to rein in its corporate masters, this entire industry needs to be outlawed.  Remains a public scourge.  A threat to every American.

"Warren, who has already introduced legislation related to the Equifax breach, told Smith: "When companies like Equifax mess up, senior executives like you should be held personally accountable and the company should pay mandatory and severe financial penalties for every consumer record that is stolen."

These bastards need to be criminally prosecuted as well.

"One cybersecurity expert who spoke to NPR said he is getting calls from both Democrats and Republicans interested in creating new rules for the industry. And at the hearing Wednesday, Republicans were landing some verbal blows on Smith too."

Too little, much too late.

"Republican John Kennedy of Louisiana raised a series of questions about Equifax's basic business model and noted that the company also has a premium data monitoring service that it charges consumers for. "You can't run your business without me," he said. "My data is the product that you sell."  So Kennedy said it seems "incongruent" that Equifax charges people to make sure that the information it is collecting is accurate. "I mean I don't pay extra in a restaurant to prevent the waiter from spittin' in my food," the senator said."

Where have you bought and paid for bastards in Congress been all these decades this bullshit has gone on?  Congress is directly responsible.  Granted them carte blanche.  To line your pockets.

"Warren zeroed in on another way Equifax makes money. She said Equifax has some of the "worst" cybersecurity around because it actually has no incentive to protect people's data from being stolen and used for identity theft."

You know this bullshit has gone on for decades.  Yet, nothing was done since you bastards in Congress remain bought and paid for.

"Warren said that while Equifax is offering free "credit monitoring" for a year, after that consumers will have to pay if they want to keep getting that protection. More than 7 million people have signed up for the free monitoring through Equifax since the breach, Warren said.  "If just 1 million of them buy just one more year of monitoring through Equifax at the standard rate of $17 a month, that's more than $200 million in revenue for Equifax because of this breach," she added."

Precisely, why these agencies need to be put out of business.  Cannot be trusted.

"Warren detailed other ways Equifax is already making more money as a result of the breach. For example, she said a company called LifeLock has seen a tenfold surge in enrollment since the breach. According to filings with the Securities and Exchange Commission, LifeLock purchases credit monitoring services from Equifax — so more money for LifeLock means more money for Equifax.  "You've got three different ways that Equifax is making millions of dollars off its own screw-up," Warren said. (LifeLock is among NPR's financial supporters.)"

Forget?  Get this:

"In the days after the breach, some Equifax executives made money another way — by selling millions of dollars' worth of the company's stock. Smith said "to the best of my knowledge" the executives didn't know of the breach at the time of the stock sales. "These are honorable men," he said.  But such explanations didn't seem to satisfy Sen. Jon Tester, D-Mont. "This really stinks," he said. "[T]he bottom line here is you had a hack that you found out about on [July] 29, you told the FBI about the breach and on that same day some high-level executives sell $2 million worth of stock."

Yet, no criminal prosecution.

Insult to injury?  Abject obscenity?

"Lawmakers also raised questions about the compensation Smith stands to get as he retires. "You leave with your base salary, unvested options and a pension, roughly valued at $90 million. Help me to understand why that's fair?" Sen. Brian Schatz, D-Hawaii, asked."

He lines his pockets, you got f--ked.  Any questions?


10-13-17

While Republican nazis are desperate to abolish the Consumer Financial Protection Bureau to spare the corporate management suite any regulation, this writer has repeatedly skewered CFPB for ignoring a complaint filed against Wells Fargo for deceptive trade practices.

GOP nazis have their panties in a wad over recent action by CFPB to rein in the terror of payday lenders.  Doesn't your heart bleed?  Think Republicans aren't shitting in their pants appalled these legal loan sharks may finally face some small measure of regulation?

CBS News reports:

"Payday and auto title lenders will have to adhere to stricter rules that could significantly curtail their business under rules finalized Thursday by a federal regulator. But the first nationwide regulation of the industry is still likely [to] face resistance from Congress."

Why wouldn't it?  Republicans own all three branches of government.  Will do nothing to prevent the corporate management suite from ripping off the long-suffering public.  It's how both major political parties line their pockets, -- Republicans being the far greater offender, however.

"The Consumer Financial Protection Bureau's rules largely reflect what the agency proposed last year for an industry where the annual interest rate on a payday loan can soar to more than 1,000 percent. The cornerstone is that lenders must determine before giving a loan whether a borrower can afford to repay it in full with interest within 30 days."

No more than legalized loansharking finally confronted with some small measure of regulation.

"A key goal is to prove that borrowers, who are often in dire situations, are able to pay without having to renew the loan repeatedly. The rules would set limits on the number of times a borrower could renew the loan. Because studies by the CFPB have found that about 60 percent of all loans are renewed at least once, this cap is likely to severely wound the industry's business model. In California, the largest payday loan market, repeat borrowers made up 83 percent of the industry's loan volume."

Sounds reasonable, doesn't it?  Snowball's chance Republican nazis will agree.

"Too often, borrowers who need quick cash end up trapped in loans they can't afford. The rule's common-sense ability-to-repay protections prevent lenders from succeeding by setting up borrowers to fail," CFPB Director Richard Cordray said in a statement."

Can't have that, can we?  Legalized loansharks will scream bloody murder.  How more easily can these hopelessly greedy bastards fleece the bottom of the food chain?

"Every year, some 12 million people borrow a total of $50 billion, spending some $7 billion on interest and fees alone, according to The Pew Charitable Trusts. An estimated 16,000 payday loan stores operate in the U.S. across 35 states, with hundreds more such lenders operating online."

Precisely, why Republicans will likely do all they can to stonewall.

"The CFPB estimated that loan volume in the payday lending industry could fall by 66 percent under the new rules. The industry will likely see thousands of payday lending store closures nationwide. Regulation of the sector has been largely left to the states, 15 of which effectively ban payday lending or auto title lending due to the caps on interest rates."

Time for the federal government to outlaw legalized loansharking.  Force banks to take up the slack:

"While the industry may garner little sympathy from the public, there is an economic need for small dollar, short-term loans, and people who use payday loans now might turn to other high-cost ways of making ends meet, like using pawn shops. The payday lending industry has a significant lobbying presence in Washington, and Republicans tend to be hostile toward any regulations proposed by the CFPB, which was created by the Obama administration.  Yet some experts think banks and credit unions could pick up the slack in offering short-term installment loans, and at far lower cost than what payday lenders offer."

Can't have that, can we?

"Bank and credit union regulators must now create the clear guidelines these lenders need in order to make small installment loans safely and profitably," Nick Bourke, director of The Pew Charitable Trusts' consumer finance project, said in a statement. "If they do, millions of consumers can save billions of dollars by gaining access to lower-cost credit."

Why would Congress agree?  Forget?  They're bought and paid for.


9-22-17

Republican nazis remain achingly disingenuous, duplicitous, hopelessly dishonest.  Like all politicians, both parties.  ABC News reports:

"The Consumer Financial Protection Bureau could have fined Wells Fargo in excess of $10 billion for its illegal sales practices but instead settled for $100 million, according to the agency's internal documents released by Congressional Republicans this week."

Think these GOP nazis disclosed this as a public service?  Truly wish to rein in their achingly corrupt, abusive, criminal corporate masters?  Think again.  Not a f--king chance.  Snowball's chance in Hell.  In fact, quite the opposite.  These clueless bastards wish to loosen regulations designed to protect consumers.

"The CFPB also had evidence that the bank's sales problems went back to at least 2006 — far earlier than the 2011 to 2016 timetable that Wells Fargo originally admitted to, the documents show.  "The bank knew since at least 2006 that its employees were gaming its incentive compensation program, yet failed to take actions sufficient to stop it," CFPB employees wrote in a 2016 confidential memo."

No question, that's true.  Readers will recall the ongoing effort of this publication to expose Well Fargo for the criminals they are, continue to be.  Since 2013.  The fact, as well, the Consumer Financial Protection Bureau refused to investigate the criminal activities of the Kingsland Wells Fargo Branch reported to them by this writer.

So, while Republican nazis in Congress wish to put the CFPB out of the regulation business to aid and abet the banks, quite obvious this worthless agency was, and is, in bed with the banks it's chartered to regulate.  Achingly ironic, isn't it?  Clearly, Republicans ultimately want absolutely no regulation of their corporate masters.  None at all.  Certainly, absolutely no meaningful, effective regulation.

Here's the bottom line for GOP partisans:

"The documents were released as part of a politically-charged report by the staff of House Financial Services Committee Chairman, Rep. Jeb Hensarling of Texas, a critic of the CFPB who along with other House Republicans has called for the firing of its director, Richard Cordray, an appointee of President Barack Obama, as well as new laws to curtail the bureau's authority over the financial services industry."

You've been bamboozled by Trump and his fellow nazis in the Republican Party.  Not that the Democrats have done anything since the assassination of JFK.  -- Other than talk.  ... Line their pockets and those of their corporate masters.  Only difference?  Democrats don't take the f--king imposed on their constituents quite as far as do Republicans.  Aren't we 'lucky?'


9-8-17

Wells Fargo cannot seem to extricate itself from the hole it's determinedly, stupidly, criminally dug for itself.  NPR reports:

"On Thursday, the bank acknowledged it had created more bogus customer accounts than previously estimated. An outside review discovered that 1.4 million more potentially unauthorized accounts were opened between January 2009 and September 2016.  That brings the total to 3.5 million potentially fake accounts — two-thirds more than the 2.1 million the bank had previously acknowledged."

Imagine that.


8-4-17

Additional Wells Fargo malfeasance.  CBS/AP reports:

"Wells Fargo, its reputation still stained from having opened millions of unauthorized customer accounts, is now having to apologize for another breach of trust.  The bank announced late Thursday that it will pay $80 million to customers who the bank signed up and charged for auto insurance that they did not want or need. Wells Fargo said that roughly 570,000 customers were affected and will be getting refunds."

Yet, no one prosecuted.


7-21-17

Aryan arrogance reins supreme in the banking community.  Amazing how not one of these Wall Street barons had his ass locked up after the 2008 meltdown.  Insult to injury?  These corrupt, abusive, inept pieces of shit remain on the job.  CBS Interactive Inc. reports:

"JPMorgan Chase (JPM) CEO Jamie Dimon lashed out at U.S. government policy during the company's quarterly earnings conference call on Friday.  "It's almost an embarrassment being an American citizen ... and listening to the stupid s--- we have to deal with in this country," Dimon said."

You mean from clueless, incompetent, wheeling-dealing assholes such as yourself, Mr. Dimon?

"Dimon was answering a question from UBS analyst Saul Martinez about whether political gridlock seemed likely to stunt the nation's economic growth. The CEO, regarded by many as the country's foremost banking executive, took it as a chance to deride U.S. policies, which he said are hindering faster expansion.   "I was just in France. I recently in Argentina, was in Israel, was in Ireland. We met with the prime minister of India and China," Dimon said. "It's amazing to me that every single one of these countries understands that practical policies that promote business and growth is good for the average citizens of this countries, for jobs and wages, and that somehow, this great American free enterprise system, we no longer get it."

It's you who no longer 'get it,' Mr. Dimon.  Your Ayn Rand Atlas Shrugged mentality is a massive failure.  Clueless, greedy assholes such as you have strangled the Golden Goose.  No such thing as a 'free' market.  The market is manipulated, driven, owned by those with the wealth. What are you complaining about?

Exceptionally poorly-regulated laissez-faire capitalism is now designedly a zero-sum charade.  Winner-take-all. Can't hear the rumble?  An unwanted dreaded second American revolution catastrophically looming you remain too deaf to hear.  Freedom?  Liberty? What's that?  Better now known as the freedom to do what you're told.  What fascist bastards like you dictate.

"The American business sector is powerful and strong, and it's going to grow regardless," he went on. "What I'm saying is, it will be much stronger growth had we made intelligent decisions and we were not gridlocked."

What are you talking about?  The corporate management suite owns its bought and paid for lackeys in government.  Both parties.  They do your will.  Why wouldn't they?  They're bought and paid for.  Conveniently, forget?  Or, is it Aryan arrogance, aggressive stupidity, profound ignorance?

"Specifically, Dimon cited U.S. corporate tax rates and a lack of progress in modernizing the nation's roads, bridges, airports and other transportation infrastructure."

You hopelessly greedy bastards are paying nowhere near your fair share of taxes.  Yet, accept, demand corporate welfare, tax abatement, special treatment.  That infrastructure you whine about suffers enormous wear and tear from movement of commerce.

Why aren't you bastards footing the cost of repair?  You benefit most from infrastructure as well as a well-educated work force.  Why aren't you footing the cost of education?  Paying a livable wage?  Rebuilding infrastructure?

Instead of greedily lining your bottomless pockets.  How many millions a year is your compensation package, you son of a bitch?  You get yours, while others get f--ked.  The American Way.  Off the backs of the work force.  Indentured servants. To say nothing of shoddy products at gouged prices.  In a fascist police-state, soon to be the Trump nazi's Fourth Reich.

Insult to injury?  Get this:

"Some corporate chiefs have been pushing for a so-called tax holiday, something President Donald Trump has floated as a way to encourage companies with large overseas holdings to bring profits back into the U.S..   Many experts say letting U.S. multinationals repatriate their foreign profits is unlikely to spur economic growth. The last such holiday, in 2004, coincided with a large outflow of employment as corporations moved jobs to low-wage countries, federal data have shown."

You're being screwed by these bastards.  Sold a bill of goods.  They get theirs, you get f--ked.  Ayn Rand Atlas Shrugged nazism.


7-14-17

More of the same.  NPR reports:

"Wells Fargo bank has struck a settlement to reimburse customers who were harmed when bank employees created unwanted accounts in their names. A federal judge has granted a preliminary approval for the settlement in the class action case.  Wells Fargo says compensation will depend on the financial harm customers suffered. Someone who paid an improper $35 dollar fee likely will receive less money than someone whose credit score was damaged and had to accept a home loan with a higher interest rate."

The bank seems to think this will lead to renewed confidence in the institution.  Not a chance.  What has truly changed?  The bank continues to stonewall.  Drags its feet every step of the way.  Has yet to answer continuous Salvo emails sent across the community week after week, month after month, year after year by this publication.  Have certainly cost them business locally.  Will continue doing so indefinitely until Wells Fargo makes this right.


6-30-17

Think Texas needs a gold depository?  Our Governor thinks so.  Texas Public Citizen reports:

"Four months after Abbott signed the bill, Lone Star Tangible Assets (LSTA) Chair Matt Ferris gave Abbott $3,500. The next March, Hegar reported that Ferris and two top LSTA executives each gave him $3,500 on the same day. The threesome  also  made  same-day contributions of $2,500 apiece to Abbott in November."

Hey Greg?  Get anything from Wells Fargo?


6-16-17

No seeming end to corruption at Wells Fargo.  CBS Philly reports:

"Police arrested a Wells Fargo employee accused of bank fraud and identity theft.  Hassante Denise East, a customer representative for Wells Fargo located at 700 Adams Ave., allegedly engaged in a scheme with others depositing fraudulent checks and withdrawing money, according to Pennsylvania Attorney General’s Office.  She reportedly accessed 54 compromised Wells Fargo accounts, according to court documents.  In addition, authorities say East fraudulently replicated checks of the accounts allegedly, as well as deposited fraudulent checks into the accounts."

Amazing, isn't it?  Vetting?  What's that?  ... Right, Amanda?  This woman a heroine of yours, madam?  Role model?


6-16-17

Think GOP national socialists aren't in the pockets of the banks?  Wake up.  NPR reports:

"House Republicans voted Thursday to deliver on their promise to repeal Dodd-Frank — the massive set of Wall Street regulations President Obama signed into law after the 2008 financial crisis.  In a near party-line vote, the House approved a bill, dubbed the Financial CHOICE Act, which scales back or eliminates many of the post-crisis banking rules."

Taxpayers have been twice f--ked over by Wall Street.  Savings & Loan debacle some two decades ago.  More recently, the 2008 financial meltdown.  Now, GOP nazis want to facilitate another.  To line the pockets of their corporate masters, -- who line theirs.

"Hensarling's nearly 600-page bill would defang Dodd-Frank by repealing the so-called Volcker Rule, which prevents government-insured banks from making risky bets with investments. It would also scrap a requirement that retirement advisers put their clients' interests ahead of their own, which goes into effect on Friday."

Still believe Republicans are populists?  Have the best interests of Joe Blow down the block?  Sally next door?


5-26-17

Twice American taxpayers were looted to fix damage wrought by banks and savings and loans too big to fail.  About to get fleeced again.  Don't think so?  Couldn't happen?  Wake upThe Washington Post reports:

"Treasury Secretary Steven Mnuchin on Thursday said he would soon formally call for rolling back regulations on thousands of small and regional banks, arguing that major changes were necessary to help these companies make more loans and boost the economy."

At whose expense, Mr. Secretary?


5-12-17

Warren Buffett talks a good game, -- but does he follow through?  You decide.  CNN reports:

"Warren Buffett had some harsh words for Wells Fargo at Berkshire Hathaway's annual meeting.  The bank, which is Berkshire (BRKA)'s largest stock holding, continues to deal with fallout from its fake accounts scandal."

Precisely the problem.  Buffett had to have known for quite some time of this activity.  What ever gets past him unnoticed?  When word first got out publicly about the Wells Fargo fiasco, why didn't Buffett divest?  Why is Berkshire Hathaway still invested?

"They totally underestimated the impact of what they had done once it became uncovered," Buffett told thousands of shareholders gathered in Omaha on Saturday.  He said it was a "huge, huge, huge error" if the company received internal calls from employees flagging misbehavior and decided to ignore them.  "The main problem was that they didn't act when they learned about it," Buffett said."

Why haven't you, sir?  ... 'It's the money, stupid?'

"Berkshire owns about 473 million shares of Wells Fargo. Berkshire recently needed to sell a small position to keep its stake in the company below 10%, the Federal Reserve limit for outside investors."

Wake up, Mr. Buffett.  Shouldn't throw stones in glass houses, sir.


4-28-17

Matters remain contentious at Wells Fargo.  Fox Business reports:

"Wells Fargo & Co shareholders showed displeasure with the scandal-hit bank's board on Tuesday, offering scant support for a dozen directors, including Chairman Stephen Sanger, in a vote capping a contentious annual meeting."

Doesn't your heart bleed?  Yet, to date, no one criminally prosecuted.

"Only three directors received more than 90 percent support from voting shareholders, a benchmark cited by Sanger as what would be the outcome of a normal vote. He received just 56 percent approval.  "Wells Fargo stockholders today have sent the entire Board a clear message of dissatisfaction," Sanger said in a statement. "Let me assure you that the Board has heard that message, and we recognize there is still a great deal of work to do to rebuild the trust of stockholders, customers and employees."  The meeting, which ran nearly three hours, was repeatedly interrupted by angry shareholders seeking answers about how and why thousands of bank employees were able to open 2.1 million fake accounts in customers' names without their permission."

Not good enough.  Nowhere near.  When will these criminal sons of bitches be prosecuted?


4-21-17

Another black eye for the corrupt, abusive, criminal bastards at Wells Fargo.  CBS News reports:

"A former Wells Fargo Bank (WFC) employee is suing the bank, saying she was fired for refusing to participate in a scheme to manipulate accounts and sell products that weren’t in customers’ best interest. Melinda Bini filed a lawsuit in state court in New Jersey on April 5 against the bank and three supervisors from the branch she worked at in Highland Park, NJ.com reported.  In the lawsuit, Bini accused her superiors of running or knowing about the scheme and says she was retaliated against and later fired for refusing to participate. Bini, a former assistant vice president and regional private banker, is seeking her job back and damages."


4-14-17

More on the Wells Fargo fiasco.  CNN News reports:

"Wells Fargo is taking back another $75 million from two top executives, including the former CEO, blaming them for playing central roles in the bank's fake account fiasco."

More symbolism over substance.  Forget?  Who the hell has been criminally prosecuted?  Who?

"The actions announced on Monday were the result of a massive, six-month investigation by Wells Fargo's independent directors into the culture that led to the creation of as many as 2 million fake accounts and firing of 5,300 employees."

Fox guarding the hen house.

"Wells Fargo's (WFC) board on Friday took back an additional $28 million from John Stumpf because the longtime CEO was "too slow to investigate or critically challenge" the bank's sales tactics, the 110-page report said.  It also clawed back $47 million from Carrie Tolstedt, the former head of Wells' community banks. Tolstedt and other bank leaders were "unwilling to change the sales model or recognize it as the root cause of the problem," the board found. Directors said Tolstedt and other execs "resisted and impeded scrutiny or oversight" and even "minimized the scale and nature of problems."

Doesn't your heart break?  After four years, the criminal bastards at Wells Fargo have done nothing to clean up criminal activity at the Kingsland branch.  Nor has the government.  Precisely, why Salvo after Salvo is published week after week in this publication covering emails that go out on a weekly basis advising the local community of this malfeasance.


4-7-17

Wells Fargo certainly doesn't like getting its just dues.  Tough shit.  NPR reports:

"A former Wells Fargo manager who was fired after reporting suspicions of fraudulent behavior must be paid some $5.4 million and rehired into a similar position, the Occupational Safety and Health Administration says, announcing its largest-ever individual whistleblower award.  Wells Fargo says it will appeal the OSHA order.  "This decision is a preliminary order and to date there has been no hearing on the merits of this case," Wells Fargo spokesman Vince Scanlon said in a statement about the new order. "We disagree with the findings and will be requesting a full hearing of the matter."


2-24-17

Wells Fargo continues to suffer the consequences of its criminal activity.  CBS News reports:

"Wells Fargo (WFC) is still seeing a slowdown in activity at branches nationwide as it tries to recover from a scandal over its sales practices.  The bank said Friday that the number of new checking accounts opened fell 31 percent in January from a year ago, and applications for credit cards were down 47 percent. Branch bankers had 14 percent fewer interactions with customers."

No surprise, is it?  These criminal bastards are still stonewalling.  Have not made it right.  No one's been criminally prosecuted.  No justice.  Precisely, why media needs to continue proverbially holding their feet to the fire.  This publication will certainly do so indefinitely.

The Washington Post reports:

"Wells Fargo announced Tuesday that it had fired four executives as its board of directors nears completion of its investigations into sham accounts set up by low-level employees to allegedly meet sales quotas.  The four executives are current or former senior managers of the megabank’s community banking division. They will not receive their 2016 bonuses and will forfeit the stock and stock options they were awarded, Wells Fargo said in a statement."

Too little, too late.  To date, no one at Wells Fargo has been criminally prosecuted.  Why not?


2-10-17

The Trump nazi once again betrayed the American public, aided and abetted his outrageously corrupt, abusive, thieving fellow corporate titans.  Wells Fargo and many, many other corporations must be celebrating like it's 1999.  NBC News reports:

"President Donald Trump signed an executive order Friday scaling back the sweeping 2010 Dodd-Frank financial regulatory framework enacted under his predecessor as a direct response to the financial crisis."

Understand what this means?  Once again, the corporate management suite has been effectively granted carte blanche to do as it pleases.  That is, f--k over the public with goddamned impunity.  ...Right, Amanda?

"In taking aim at Dodd-Frank, the new administration is targeting a broad range of financial reforms ranging from bank rules about speculating with customer funds and wind-down provisions for "too big to fail" institutions to consumer protections from predatory debt collection practices and forced arbitration. "

This is clearly a not-so-cleverly designed royal f--king of the American public.  Engineered by the Trump nazi for the benefit of his corporate cronies.  ... Hear the rumble?  An unwanted dreaded second American revolution already catastrophically looming on the horizon.

"President Trump made it clear he wanted to dismantle the Dodd-Frank Act and this is the first salvo in attempting to do so," said Michael Barr, University of Michigan law professor and editor of the Russell Sage Foundation's journal, Financial Reform: Preventing the Next Crisis."

The 'President' is no more than a traitor.

"The Consumer Financial Protection Bureau, which was created in 2011 as part of the Dodd-Frank Act, is already under a legal cloud regarding the legitimacy of former President Obama's appointment of its director, former Ohio Attorney General Richard Cordray."

Cordray is no more than a worthless piece of shit.  He and the CFPB failed to do anything against Wells Fargo four years ago when a complaint was filed against the bank. -- He's a truly worthless piece of crap.  So is his toothless bureaucracy.  They're bought and paid for.  Yet, the Trump nazi and his equally fascist henchmen want absolutely no oversight.  None.

"An attempt to remove him will almost certainly prompt an even bigger court battle that could wind up in the hands of the Supreme Court — yet another factor that raises the stakes for Democrats being urged by progressives to dig in their heels on Trump's recent nominee, Neil Gorsuch."

This is precisely what needs to be done.  These goddamned nazis need to be repeatedly dragged into court.  Subject to ferocious, but peaceful resistance. Every step of the way.  They've stolen our country.  The rule of law.  Any semblance of principle.

"A second order Trump signed is expected to weaken the "fiduciary rule" an Obama-era regulation that would have required brokers to act in their client's best interest when providing retirement advice — as opposed to self-interest."

Do you clueless Republican fascists here in Nazi Llano County understand what this means?  You clueless bastards with huge portfolios dependent on these very same pieces of shit for investment advice?  Hope you get royally f--ked.  Forget?  'Stupid is, as stupid does.'  Ultimately, always gets 'rewarded.'


2-10-17

A bank is certainly one of the most secure environments against armed robbery.  Usually, also, in terms of difficulty of embezzlement.  Checks and balances, extremely rigorous accounting make embezzlement nearly impossible.  Precisely, why the following raises profound questions as to what had gone so terribly wrong.  NBC News reports:

"Some bank robberies are committed with a gun, others with a ledger.  A Texas woman plead guilty Tuesday to hiding a million-dollar bank robbery committed very, very, gradually.  Over 10 years, $1.25 million was stolen from the First National Bank, the DOJ said, disappearing from the bank's vaults at an average of $10,000 a month."

There had to have been collusion on a massive scale for this to happen over such a long period of time.

"Jill Marie Myers of McAllen, Texas, admitted she falsified bank records at the branch where she worked at as a teller supervisor in order to conceal the theft. The DOJ said that her duties included verifying the amount of currency on hand and entering the total in the bank's general ledger at the end of the day."

Having worked in a bank as a teller decades ago while attending college, this doesn't seem possible.  Internal auditing is constant, multi-level.  So too is that conducted by bank regulators, including unannounced visits.  -- There had to have been massive collusion for it not to have been discovered until recently:

"The scheme was revealed in 2014 after PlainsCapital Bank acquired the location."


2-10-17

Cyber theft is certainly a problem within the banking industry.  CBS News reports:

"The rise of chip-based credit cards in the United States has forced con artists to change their tactics. A recent study says more than 15 million Americans had personal and financial information stolen last year. That is up 16 percent from 2015.  When thieves pose as a customer to gain access to their accounts, it’s called an “account takeover.” In 2016, those instances increased by nearly 40 percent.  Just last week, cyber criminals took over one New Jersey man’s bank accounts in minutes.   “There’s nothing I could’ve done to stop it,” Marc Alfinez told CBS News’ Dana Jacobson. “That was the bank that let him in.”

Clearly, the banks don't care.  Consider it a cost of doing business.  Pass it on to customers through exponentially increasing fees.


2-10-17

In another article, CBS News reports:

"A group of seven Senate Republicans are moving to gut consumer protections for prepaid debit cards before they’re enacted. The rules, aimed at providing many of the same safeguards that consumers take for granted with credit and debit cards, would require fee disclosures, fraud protections and limits on overdraft fees."

Yet, the duped dopes who voted for the Trump nazi still believe the GOP is the party of the little guy.  Imagine that.

“It is outrageous that Congress may block basic fraud protections on prepaid cards so that Netspend can keep gouging struggling families with overdraft fees that have no place on prepaid cards,” said Lauren Saunders, associate director of the National Consumer Law Center (NCLC). “Members of Congress that support Wall Street and predatory lenders over working families may also use this vote to continue their attacks on the CFPB, our consumer watchdog, which has returned nearly $12 billion to 29 million consumers across the nation.”

This is the nazi GOP at work.  For its corporate masters.  The top 1% of the food chain.  ... Right, TL?

GOP nazis don't want:

"Upfront fee disclosure
"Fraud protection
"Prompt dispute resolution
"Balance disclosures
"Overdraft features"

Mighty 'generous' of national socialist GOP nazis, isn't it?  ... Right, TL?


2-10-17

Two major cities stuck it to Wells Fargo.  Breaks your heart, doesn't it?  NPR reports:

"Seattle's City Council has voted to not renew its contract with Wells Fargo, in a move that cites the bank's role as a lender to the Dakota Access Pipeline project as well as its creation of millions of bogus accounts. As a result, the city won't renew its contract with the bank that expires next year."

Here, here.  Stick it to the bastards.  ... Right, Amanda?

"The unanimous vote will pull more than $3 billion in city funds from the banking giant, the council says. Seattle says the bidding process for its next banking partner will "incentivize 'Social Responsibility.'"

Better than that?  Sends a message to the criminals in the Wells Fargo corporate management suite.  ... Right, Amanda?

"Not long after Seattle's vote, the City Council in Davis, Calif., took a similar action over the pipeline. It voted unanimously to find a new bank to handle its roughly $124 million in accounts by the end of 2017."

While, indeed a piss hole in the snow to a corporation that has reportedly over a trillion in deposits,  the cities may induce far more communities, organizations, etc. to cut ties with the criminal bastards at Wells Fargo.  ... Right, Amanda?


1-27-17

Yet, another corporation too big to fail.  NPR reports:

"The global money service company Western Union has admitted it helped people commit wire fraud, among other criminal violations, and agreed to pay $586 million."

No mention of any criminal prosecutions.  None.

"The settlement is the result of an investigation that found Western Union was "willfully failing to maintain an effective anti-money laundering program," the Justice Department said in a statement."

No prosecutions?

"As The Two-Way has reported, the company does billions of dollars in business, dominating the market for money transfers and attracting both legal and illegal enterprises.  "As this case shows, wiring money can be the fastest way to send it — directly into the pockets of criminals and scam artists," said Acting Assistant Attorney General David Bitkower."

No criminal prosecutions?

"Western Union announced that the $586 million will go to the federal government "to be used to reimburse consumers who were victims of fraud during the relevant period."  One scheme described in the announcement involved "fraudsters" contacting people in the U.S. and posing as family members in need, or promising "prizes or job opportunities" if people sent money via Western Union. The DOJ stated that, "Various Western Union agents were complicit in these fraud schemes, often processing the fraud payments for the fraudsters in return for a cut of the fraud proceeds."

No criminal prosecutions?  Too big to fail?  Two systems of justice?  One for the corporate management suite?  The other for the rest of us?  Will only worsen under the Trump nazi.


1-20-17

Wells Fargo continues to disgrace itself.  The Washington Post reports:

"Wells Fargo offers its customers the ability to personalize their credit and debit cards with images “that reflect what’s important to you.” A family photo, a picture of your pet, your kid’s artwork — “the choice is yours,” the banking giant advertises on its website.  So Rachel Nash, a Baltimore city schoolteacher, tried, as the company advises, to “make a statement with an image.” She designed a sleek custom bank card featuring a raised fist and three words — “Black Lives Matter.”

Can't have that, can we?  Certainly, not in what amounts to a goddamned de facto fascist police-state owned by its corporate masters.  ... Right, Amanda?  Gets worse:

"Two days after she submitted her image online, Nash received an email Thursday morning informing her that her design did not meet the company’s guidelines.  Nash called customer service to find out why.  She recalled the response: “As soon as I said 'Black Lives Matter,' [the customer service agent] said, 'Oh, that's why it got rejected.' She said Wells Fargo 'didn’t want to be associated with any antisocial or offensive organizations.' "

Couldn't the same be said of Wells Fargo?  The hypocrisy of the criminal nazi bastards at Wells Fargo reeks. Offensive to whom?  The criminal, bought and paid for, jackbooted bastards in blue?  Their corporate masters at Wells Fargo?  Who deliberately engage in criminal deceptive trade practices.  ... Right, Amanda?

Read it one more time:

"Two days after she submitted her image online, Nash received an email Thursday morning informing her that her design did not meet the company’s guidelines.  Nash called customer service to find out why.  She recalled the response: “As soon as I said 'Black Lives Matter,' [the customer service agent] said, 'Oh, that's why it got rejected.' She said Wells Fargo 'didn’t want to be associated with any antisocial or offensive organizations.' "

This goddamned bank is itself an "antisocial or offensive organization" that engages in criminal deceptive trade practices.  ... Right, Amanda?

Once in awhile, there is some justice for the Wells Fargo corporate management suite.  ABC News reports:

"Wells Fargo said Friday its profit fell 5 percent in the first full quarter after regulators said that bank employees opened millions of customer accounts fraudulently to meet sales goals. The scandal has kept new customers away, with the bank reporting that new account openings plummeted last month."

The question to be asked is why are Wells Fargo corporate officials unprosecuted to date?  Why have they been protected, coddled?  ... Right, Amanda?


1-20-17

Why aren't the criminal bastards in the banking industry prosecuted for their crimes?  The Washington Post reports:

"JPMorgan Chase said Wednesday that it had agreed to settle a federal lawsuit accusing the bank of working with mortgage brokers who discriminated against minority borrowers for years by charging them $1,000 more than white customers."

Why weren't they prosecuted?

"The case was settled for $55 million, according to a person familiar with the settlement who spoke on the condition of anonymity because the details are not yet public."


12-23-16

At the same time, the criminal bastards at Wells Fargo continue to talk out both sides their ass.  While falsely claiming they're going to make it right regarding their criminal activity vis a vis phony accounts set up to achieve ersatz sales goals, they continue to use arbitration to dismiss lawsuits.  Hide their criminal activity.  The Statesman reports:

"Yet even as the bank reels in the court of public opinion, Wells Fargo has been winning its legal battles to kill off lawsuits.  Judges have ruled that Wells Fargo customers must go to arbitration over the fraudulent accounts."

That means their bought and paid for 'arbiters' rule in favor of the criminal bastards.  The proceedings are hidden from public view.  The solution to all this is criminal prosecution of all those in Wells Fargo responsible for criminal activity, including Amanda S. Wright, Kingsland Wells Fargo Branch Manager.


12-2-16

The criminal bullshit and cover up regarding it continues unabated at Wells Fargo.  CNN Money reports:

"Wells Fargo (WFC) customers have opened a class action lawsuit against the bank over the opening of unauthorized accounts in their names.  But Wells Fargo is trying to derail that lawsuit. The bank on Wednesday asked the U.S. District Court in Utah, where the class action suit was filed, to force dozens of those customers to resolve their claims quietly in closed-door arbitration instead of open court."

This is the very same criminal bullshit this publication has accused these bastards of engaging in the last four years.  Nothing changes.  Ever.  Four years ago, these pieces of shit engaged in deceptive trade practices.  That is, the agreement signed on the computer to open an account was not the same as the written copy.

In the written one, account holders gave up the right to sue.  Not so, in the actual agreement signed on the computer.  It's called deceptive trade practices.  Yet, our current Governor, then Attorney General, neglected to answer the complaint.  The federal Consumer Financial 'Protection' Bureau did nothing.  Nazi justice in Nazi America.  To date, not one of these criminal bastards at Wells Fargo has been criminally prosecuted.  ... Right, Amanda?

"Wells Fargo and other financial companies have frequently used this tactic to stop class action lawsuits. They point to the agreements customers sign that contains fine print requiring them to enter arbitration."

In my case, there was no fine print on the computer.  Did not exist.  Would not have signed the agreement had it been there.  It was only on the written copy.  Yet, not one of these goddamned criminal bastards was prosecuted.  Not one.  ... Right, Amanda?  Instead, this young woman was crowned bank manager by the grateful corporate management suite. For knowingly engaging in criminal activity.  After the then bank manager, Lynn Massey retired in disgrace.  ... Right, Amanda?  Lynn?

"But these forced arbitration clauses are controversial because it helps hide misbehavior by companies in private mediation rather than opening it up to scrutiny in public court documents. And customers suing large corporations for small amounts of money may not be able to find lawyers willing to take on the case."

This goddamned criminal corporation believes it is the government.  Former bank manager Lynn Massey assured this writer it was.  Despite the fact the bank is only insured by the government.  Turns out the criminal bank manager in effect was right.  The Bank has clearly bought and paid for its government regulators.  ... Right, Lynn?  Amanda?  TB?

"Wells Fargo has apologized for the wrongdoing and alleged mistreatment of workers. The bank launched a national TV advertising campaign that aired during the World Series and featured the company's iconic stagecoach. The ad pledged, "Wells Fargo is making changes to make things right."

The hell they are.  They continue to lie.  Do so with impunity.

"However, Wells Fargo recently signaled it would continue to try to enforce these arbitration clauses. In response to questions from Senate Democrats over this issue, Wells Fargo said it "believes that the use of arbitration is a fair and efficient process that serves the needs of both parties."

The hell it does.  On the contrary, it unknowingly forces forfeiture of all civil and constitutional rights and liberties on a gullible, hopelessly clueless public.  Until these lying criminal bastards at Wells Fargo are criminally prosecuted, found guilty, imprisoned, nothing will change.  ... Right, Lynn?  Amanda?  TB?

"Zane Christensen, a lawyer representing customers in the class action, said that his firm is "saddened" by Wells Fargo's response and will "vigorously defend" against the bank's motion.  "Wells Fargo isn't concerned about making things right with their customers. Wells Fargo is worried about making things right in public relations," Christensen said."

That's all this is.  All it has been.  Symbolism over substance.  A goddamned ruse.  Until these criminal bastards are prosecuted, nothing will change.

"In a statement, Wells Fargo said it is "working hard to rebuild trust in our company" and noted that it makes "every attempt" to resolve complaints directly with customers before going to arbitration."

They remain goddamned liars.  No more, no less.  A criminal scourge.

The Washington Post reports:

"Wells Fargo is calling for dozens of customers suing over bogus accounts opened by the bank’s employees to resolve the dispute through arbitration rather than federal court.  The lender also asked for the lawsuits, filed by 80 customers in Salt Lake City, to be thrown out. Wells Fargo noted in a filing Wednesday that a judge in a similar class-action lawsuit in Northern California has already ruled that arbitration agreements can be enforced."

Nothing more than goddamned criminal deceptive trade practices by a hopelessly criminal bank.

"The San Francisco-based bank has faced a torrent of criticism and the ire of regulators after agreeing to pay $185 million in September to settle claims that employees opened potentially more than 2 million unauthorized accounts. It fired 5,300 workers over five years. John Stumpf resigned as chairman and chief executive in the wake of the scandal. Carrie Tolstedt, the executive in charge of the community banking unit, retired this year."

Yet, no one has been criminally prosecuted.  No one.  These bastards have been protected and coddled by their bought and paid for shills in government.  ... Right, Lynn?  Amanda?  TB?

"The Securities and Exchange Commission, the Justice Department, state attorneys general and prosecutors’ offices, and congressional committees have started inquiries into the sales practices."

Where are the criminal prosecutions of these bastards?  Where?

"Congressional representatives lambasted Wells Fargo in September over concerns that the bank’s check of customers’ credit histories when unauthorized credit-card accounts were opened could have hurt their credit scores. That might have resulted in customers having to pay higher interest rates when they sought credit at other institutions."

This is called fraud.  Yet, no one prosecuted.  No one.

"Tim Sloan, who replaced Stumpf as CEO, promised to “make it right.” He said in October that the bank’s “intent is to err on the side of the customer.” He said the bank would refund customers with damaged credit scores who got Wells Fargo loans."

Not good enough.  Nowhere near.

"The lender has had a harder time courting new customers for some parts of its retail banking business. New credit-card applications dropped by half to 200,000 in October. Customers opened 44 percent fewer new checking accounts, Wells Fargo said."

Why wouldn't they?  The Bank is, and continues, to f--k over anyone opening an account.

"The bank launched a national advertising campaign last month that attempted to show what actions it is taking to recover from the scandal and to prevent any more wrongdoing."

Achingly empty rhetoric.  No substance.  None at all.  Quite the opposite.  They continue to fight to maintain an unsustainable status quo.


11-25-16

The banking community is not held to the same standard as the rest of us.  ABC News reports:

"JPMorgan Chase & Co. has agreed to pay $264.4 million in fines to federal authorities to settle criminal and civil charges that it hired friends and relatives of Chinese officials in order to gain access to banking deals in that country."

The question to be asked is why weren't these criminal bastards prosecuted?  Why did they receive special treatment?  Too big to fail?

"JPMorgan's Asia affiliate allegedly created a quid pro quo program that would hire the children and friends of high-ranking Chinese officials, regardless of the person's qualifications, in order to gain favor and win banking deals."

Convenient, isn't it?  Achingly criminal, as well.

"Awarding prestigious employment opportunities to unqualified individuals in order to influence government officials is corruption, plain and simple," Assistant Attorney General Leslie Caldwell said in prepared remarks."

It's called bribery.  Yet, no one criminally prosecuted?  A double standard.  Too big to fail.  Hear the rumble?

"The United States has one of the strictest bribery laws in the world, known as the Foreign Corrupt Practices Act, where it effectively bans U.S. companies from paying foreign government officials to obtain or retain business. While JPMorgan did not pay Chinese officials directly, federal authorities said the hiring of unqualified persons related to Chinese officials was effectively the same thing. The only candidates who would fall under this program had to have a "directly attributable linked to business opportunity" to be considered for hiring. The Department of Justice estimates the Asia affiliate of JPMorgan earned at least $35 million in profits from Chinese state-owned companies."

Yet, prosecutors let the criminal bastards skate.

"Caldwell called the JPMorgan program, which was called the "Sons and Daughters Program," was "nothing more than bribery by another name."

That's exactly what it was and is.  Yet, no prosecution.

"Despite those strong words, the bank will avoid criminal bribery charges as part of the deal reached with the Department of Justice, the Securities and Exchange Commission and other regulators. The bank reached what's known as a non-prosecution agreement over the allegations."

Why?  How is this justice?  How?

"The Justice Department said it agreed to the non-prosecution agreement due in part to JPMorgan's own cooperation in the case, where the bank undertook an internal investigation and fired six employees tied to the program and disciplined another 23 employees for their involvement."

It's called bullshit.  Excuse making.  The corporate management suite knew what was going on.  Had to.  They're certainly not that stupid not to have known precisely what was happening.  Did the bank pay off its bought and paid for shills in government?

"We're pleased that our cooperation was acknowledged in resolving these investigations," said JPMorgan spokesman Brian Marchiony in a statement. "The conduct was unacceptable. We stopped the hiring program in 2013 and took action against the individuals involved."

Achingly disingenuous, phony bullshit.  Indeed, day is night, night is day, and shit smells perversely sweet in the corporate management suite.  ...  That directs all, concertedly, determinedly pays off its bought and paid for government shills.  Does so with impunity.  ... Right, Amanda?

"According to the terms of the deal, JPMorgan has agreed to pay $72 million to the Department of Justice as well as $130.5 million in penalties to the Securities and Exchange Commission. It will also pay $61.9 million to the Federal Reserve in civil penalties, making it combined $264.4 million."

Nazi justice.


11-11-16

The criminal Wells Fargo saga continues.  NBC News reports:

"Wells Fargo has agreed to pay $50 million to settle a racketeering lawsuit accusing it of overcharging hundreds of thousands of homeowners for appraisals ordered after they defaulted on their mortgage loans."

Why has no one been criminally prosecuted?  Why have the criminal bastards been afforded special treatment?  Allowed to skate?

"The proposed settlement, which requires court approval, was disclosed in a filing on Friday in an Oakland, California federal court. If approved, it will resolve nationwide claims that Wells Fargo charged much more than it paid for third-party appraisals, exploiting borrowers who could least afford it and driving them further into default."

Again, the criminal bastards enjoy special treatment.  Bounce a check?  Don't make good on it?  Guess what?  You go to jail.  Why doesn't the very same standard apply to the corporate management suite?


10-28-16

Pressure is growing on Wells Fargo.  They're finally under criminal investigation.  NPR reports:

"California Attorney General Kamala Harris has launched an investigation into allegations that Wells Fargo & Co. engaged in criminal identity theft when the bank created millions of accounts without customer consent, according to the Los Angeles Times."

What took her so long?  Why the delay?

"The report is based on a search warrant, served on Oct. 5 and first obtained by the Times, in which Harris' office demands the identities and account information of California customers who had "any accounts, credit cards, life insurance, or other product or service" created without the customer's authorization."

Go get 'em, Madam Attorney General.

"The warrant also demands the names of bank employees who opened the unauthorized accounts and the identities of the employees' managers, including "any and all communications, including email referencing" the bogus accounts."

Think Wells Fargo will fully cooperate?  Not stonewall?  Not drag its feet?  Play hard ball?  As it's done here in Nazi Texas?

"Harris' office is seeking the same information for Wells Fargo customers who do not live in California."

How about all the rest of the criminal activity including that posted in this publication the last several years, Madam Attorney General?  That is, egregious deceptive trade practices the federal Consumer Financial 'Protection' Bureau and the Consumer 'Protection' Agency-Texas Attorney General failed to investigate?

"A spokeswoman for the attorney general, Kristen Ford, said her office had no comment on an ongoing investigation. A spokesperson for Wells Fargo said the bank is "cooperating in providing the requested information."

Is that right?  Really think so?  Like they did when they ignored repeated complaints, as well as requests for information and redress from this writer and publication?  Truly believe these criminal bastards won't do all they can to stonewall a criminal investigation?  Won't use all financial resources and the talents of all the shyster bastards they employ to obfuscate their criminal behavior?  Drag it out interminably?

"In a 14-page affidavit filed with the search warrant, California investigators indicate that they are looking into potential violations of state law banning the impersonation of another and the unauthorized use of personal information, the Times reports. Both offenses are considered felonies."

Hope they prosecute the living shit out of anyone involved in this criminal activity right up to and including the current CEO and his predecessor who recently resigned in disgrace.

What is even more appalling is the damage Wells Fargo criminals in the corporate management suite did to employees who stood tall and refused to participate in the criminal activity.  NPR reports:

"Former Wells Fargo employees tell NPR that managers at the bank retaliated against them for calling the company's ethics line and pushing back against reckless sales practices. They say the bank fired them or pushed them to resign and then, in effect, put a scarlet letter on their permanent record that has damaged their careers and prevented them from getting hired by other banks."

This is what happens when poorly-regulated capitalism becomes a zero-sum game, winner-take-all ruse.  -- Failed laissez-faire Ayn Rand Atlas Shrugged capitalism even Rand herself reportedly disavowed prior to her death.

"Jeremy worked in a Wells Fargo branch in Los Angeles starting in 2005. And even back then, years before the bank has acknowledged having a problem with widespread unethical practices, Jeremy says he saw wrongdoing on a daily basis. Jeremy only wants to use his first name for fear of hurting his chances of finding work with other employers. He says his co-workers in his branch were "falsifying signatures, pushing products on people that they didn't need," to meet Wells Fargo's aggressive sales goals. He says from his first days at the branch he told his manager he wasn't going to get involved in that. "I specifically said, I will not do these things," he says."

Good for him.  Did the right thing.  Stood tall.  Paid for it dearly, however.  Unlike Amanda S. Wright, current Kingsland Wells Fargo Branch Manager who engaged in egregious deceptive trade practices while opening accounts for this writer.  Right, Amanda?  Her boss retired rather than put up with relentless ferocious exposure courtesy of this writer and publication.

Guess what?  Amanda was more than amply rewarded by her corporate masters for her deception, willingness to go along to get along.  Although, an extremely young woman, the corrupt and abusive bastards in the corporate management suite named her new branch manager.  How about that?  Rewarding someone who has engaged in criminal behavior for that behavior.  The American Way, no?

Her former boss, Lynn Massey, assured me the Bank was the government.  I responded the Bank was not the government, only insured by it.  For all practical purposes, the criminal who retired in disgrace was right, however.  I was wrong.  The Bank certainly appeared to have commandeered its bought and paid for government shills.  Precisely, why the Texas Attorney General took no action.  To say nothing of the federal CFPB.  Cozy, isn't it?  National socialist, fascists beholden to their benefactors. Right, Amanda?

Wells Fargo retaliated against anyone who refused to engage in criminal activity:

"Jeremy didn't realize it at the time, but Wells Fargo wrote him up on what's called his U5 document. It's like a report card for bankers. And the bank put what amounted to a big red flag on it. Jeremy soon found he couldn't get hired by any other bank."

Convenient, isn't it?  ... Hey, Amanda?  This, why you engaged in criminal deceptive trade practices?  Too gutless to stand up to your corporate masters?

"Employment lawyers say getting a negative mark on your U5 is like getting the mark of Cain in the world of bankers and brokers. The U5 database is maintained by the Financial Industry Regulatory Authority, or FINRA, which is an industry self-regulatory organization. The goal of the U5 system is to hold financial advisers, brokers and bankers who sell securities accountable for wrongdoing."

Amazing how the criminals at Wells Fargo bastardized what should have been a valuable check and balance on corruption into quite the opposite.  To retaliate against those who refused to do their criminal bidding.  ... Right, Amanda?

"But if you get an entry on your U5 that you feel is inaccurate, the appeals process is not easy. Matasar says you have to hire a lawyer and sue the bank or financial firm that reported you. He says it costs tens of thousands of dollars in legal fees. And there's no guarantee you will prevail. In recent years, changes in FINRA rules have made it much harder for financial professionals to get a negative comment removed or changed. Matasar says there is now "a relatively high burden of proof" that rests on the employees with the mark on their U5."

Nothing quite like nazi justice in Nazi America, is there?  Is that why you sold out to the criminal bastards, Amanda?  Disgraced yourself, madam?

"Wells Fargo tells NPR in a statement that it's "disturbing to hear claims of retaliation against team members." The bank says it's investigating those claims. The bank also says it is assisting former employees to be rehired when possible."

Believe it?  That gullible?  The only solution to this ongoing problem is criminal prosecution and crippling financial outlay in filed lawsuits against the criminal bastards.   ... Right, Amanda?


10-21-16

Think this justice?  Think the top 1% of the food chain are not afforded special treatment?  CBS News reports:

"Former Wells Fargo Chairman and CEO John Stumpf sold $61 million worth of Wells Fargo (WFC) shares in the month prior to settling a long-running investigation that charged the bank with falsifying millions of customer accounts to boost sales and fees."

Convenient, isn't it?  How does this happen in a supposedly 'regulated' industry?

"The following month, when regulators announced on Sept. 8 that they’d fined Wells Fargo $185 million for falsifying more than 2 million customer accounts to meet aggressive sales goals, the company’s stock price plunged and Stumpf was called on the carpet before Congress before finally resigning this week."

Amazing, isn't it?  This piece of shit still hasn't been arrested, charged.  Not held criminally accountable.

"Stumpf pocketed $26 million in proceeds from that August sale -- the shares in question were “incentive stock options” purchased at a discount to Wells Fargo’s current market price and then immediately sold at a profit -- reflecting a small piece of the rich incentive pay that Stumpf collected during his tenure at the top of the bank."

How about that?  Some 5,300 get fired for doing the bidding of the corporate management suite, and this piece of shit gets $26 million in loot from one stock sale alone?  Anything wrong with this picture?  Anything at all?For you old 'law and order' fascists here in Llano County still supporting "Hump The Rump" Trump and his cronies, have no problem with this egregious ass-f--king?

Callously, perpetrated by this hopelessly greedy son of a bitch?  That, the American Way?  F--k 'em anyway you can?  ... As long as you line your pockets?  That, how you made your money?  The old fashioned way? Stole it?  From the bottom of the food chain, employees, looted account holders, etc.?

"However, the sale also raises a red flag of potential violation of insider trading rules that prohibit company insiders from profiting on stock purchases and sales based on unpublished corporate information, said Chicago securities lawyer Andrew Stoltmann."

Wouldn't want to confuse anyone with the truth, would we?

"It was not Stumpf’s first significant stock sale of the year, however. According to the bank’s filings with the SEC, Stumpf disposed of 303,012 shares in March 2016, generating $15.1 million, and he sold another 1.42 million shares in May, reaping a $23.9 million profit on the $71.8 million sale."

Couldn't be, could it?  Guess who paid for it?  F--ked account holders.  Account holders, shamelessly looted.

"Altogether, Stumpf sold nearly 3 million Wells Fargo shares in 2016, which is almost 10 times the 351,991 shares he sold the previous year, according to SEC filings. His profit on the 2016 sales amounted to $65.4 million."

How about that?  The criminal f--ker certainly handsomely lined his pockets, didn't he?  While engaging in deceptive trade practices.  -- Deceptive trade practices this publication has exposed for years now.  Edition after edition.  While the f--ker and his stooges lined their pockets.  ... And the federal Consumer Financial 'Protection' Bureau callously ignored repeated complaints.  ... And the former Texas Attorney General, now Governor, ignored repeated deceptive trade practices complaints.  Hey, Governor?  Did Wells Fargo line your pockets, you ignorant son of a bitch?

"In these 2016 stock transactions, Stumpf was able to sell Wells Fargo shares for between $48.91 and $50.51. Wells Fargo’s stock has slid since the news broke in September about the false accounts. The shares now sell for $44.38 – about 10% less than the price immediately prior to the revelations of wrongdoing and a loss of $25 billion in market value for Wells Fargo shareholders."

None of this considered insider trading?  Be interesting to see, won't it?  Despite all this, the old fascist bastards lining their pockets off taxpayers in Llano County continue to do business with Wells Fargo.  Fascinating.


10-14-16

Wells Fargo CEO John Stumpf succumbed to enormous pressure, resigned in disgrace.  Why hasn't the son of a bitch been criminally charged?


9-30-16

There are Wells Fargo customers who are trying to sue the criminal bastards in a class action suit.  Experts claim this may be impossible due to arbitration clauses forced on customers.  What needs to be challenged is the fact that at least in Kingsland, Texas as repeatedly stated in this publication, Wells Fargo engaged in egregious deceptive trade practices involving having a customer sign a contract on a computer that is not the same as the written copy.

Including purportedly agreeing to binding arbitration rather than going to court, purportedly agreeing to background checks.  Both were not in the agreement signed on the computer, but deceptively printed in the written agreement.  The goddamned federal Consumer Financial 'Protection' Bureau failed to take action.  So did our goddamned Governor when he was Texas Attorney General via the Consumer 'Protection' Agency.

Also, get this.  Wells Fargo employees were punished who refused to break the law.  NPR reports:

"Former Wells Fargo employees who say they were fired for following the law have filed a class-action lawsuit seeking $2.6 billion in damages as the fallout continues over the creation of millions of secret, unauthorized bank accounts.  Two employees are named in the lawsuit, filed on behalf of all the bank's employees in the past 10 years who were penalized for not making sales quotas."

Much more on all this.


9-23-16

Wells Fargo got its ass figuratively kicked in the Senate.  Hard.  More on this as the story develops.  Fox reports:

"Wells Fargo CEO John Stumpf apologized on Capitol Hill Tuesday for his bank’s high-profile scandal that allegedly involved workers opening unauthorized accounts -- but faced tough questions from senators, one of whom called for his resignation and said he should be criminally investigated.

“I do accept responsibility and I am sorry,” Stumpf told the Senate Banking Committee."

You do?  Then why didn't you do the right thing and resign in disgrace?

"Strumpf was in the hot seat over revelations that Wells Fargo secretly opened more than 2 million accounts without customers’ permission, as part of an apparent effort to exceed sales goals. Earlier this month, Wells Fargo agreed to pay a $185 million penalty as part of a civil settlement.

“Wrongful sales practice behavior in our retail banking business ... runs counter to our vision of helping our customers succeed financially and it is not representative of Wells Fargo as an institution,” Stumpf said."

It isn't?  Over 5,000 low-level employees got fired.  Won't be confused with the truth, you clueless, criminal son of a bitch?

"Stumpf said the bank recognizes now that “we should have done more sooner” to stop unethical actions. The bank took steps to address such behavior over the years, “but we now know those steps were not enough,” he said.

“We did not get it right,” he said."

You think?

"But the apology wasn't enough for lawmakers like Sen. Elizabeth Warren, D-Mass.

“Have you returned one nickel to customers?” she repeatedly asked Stumpf.

"Warren also called for him to resign and said he should be criminally investigated."

Not only this son of a bitch, however, the entire Wells Fargo corporate management suite.  This is precisely what happens when there is either no regulation at all or exceptionally poor regulation of the business community.  They f--k over the public with impunity.  Yet, GOP national socialists want no meaningful regulation at all.  Want to see the federal Consumer Financial Protection Bureau out of existence.  Amazing, isn't it? No regulation at all.  Laissez-faire capitalism.  Let the bastards do as they please.  Do so with impunity.  No legal accountability.  As they f--k the living shit out of the public.

Insult to injury, the criminal son of a bitch is a congenital liar.  Get this.  CBS News reports:

“We never directed nor wanted our team members to provide products and services to our customers that they didn’t want,” Stumpf said Tuesday in prepared testimony to the Senate Banking, Housing and Urban Affairs Committee. “That said, I accept full responsibility for all unethical sales practices.”

This man lied.  They forced accounts on customers who did not want them.  Precisely, why the bank tried to cover its ass by firing over 5,000 low-level employees.  Thousands of corporate employees don't commit criminal acts on their own.  Without authorization.  What planet does this lying criminal son of a bitch live on?


9-16-16

Further proof the corporate management suite is not held criminally accountable for its crimes?  NPR reports:

"Wells Fargo Bank has been ordered to pay $185 million in fines and penalties to settle what the Consumer Financial Protection Bureau calls "the widespread illegal practice of secretly opening unauthorized deposit and credit card accounts."

This story has been reported here and elsewhere.  The fine just levied amounts to a piss hole in the snow.  Why hasn't anyone been criminally prosecuted?

"Thousands of Wells Fargo employees opened the accounts in secret so they would get bonuses for hitting their sales targets, according to investigators. More than 2 million deposit and credit card accounts may have been created without customer authorization."

Again, this is old news.  Why hasn't anyone been prosecuted?  None of the employees involved.  Not one in the corporate management suite.  Why isn't the CEO's sorry ass in jail?

"The bank must pay $100 million to the CFPB — the largest fine ever levied by the federal consumer watchdog. It also will pay $50 million to the City and County of Los Angeles, along with a $35 million penalty to the Office of the Comptroller of the Currency."

Think this justice? Ferociously pointedly:  For you goddamned fools here in Llano County who have been reading this publication for years vis a vis Wells Fargo egregious criminal deceptive trade practices and yet still do business with these criminals?  Your heads are so far up your hopelessly ignorant asses your eyeballs are turning inside out.  Aching, hopeless aggressive stupidity.

Hold up a convenience store?  You'll likely spend the rest of your life in prison.  Steal millions from bank account holders?  Get slapped on the wrist.  Nazi justice in Nazi America.  The Fourth Reich.

Insult to injury? The fine is pocket change for Wells Fargo.  Get this.  The Washington Post reports:

"But the fines being levied against Wells Fargo pale in comparison to the bank's yearly profit -- more than $20 billion in 2015.

"It is also less than the more than $200 million that the stock  in the company held by company's chief executive, John G. Stumpf is worth. The fines also are not that much more than the $125 million one of its top executives, Carrie Tolstedt, will walk away with when she retires this year. An 27-year veteran of the bank, Tolstedt ran the community banking division where regulators said aggressive sales goals fueled illegal behavior by bank employees.

"Tolstedt’s team is a leader in building and deepening customer loyalty and team member engagement across the business, which today serves more than 20 million retail checking households and 3 million small business owners, and employs 94,000 team members," the company said in a statement last July announcing her retirement."

Clearly, no justice in Nazi America.  The Fourth Reich.  Fox News reports:

"Carrie Tolstedt, 56, announced her retirement in July, effective at the end of the year, and is set to receive $124.6 million via stock, options and restricted shares accrued during her 27 years at Wells Fargo, Fortune reported Monday. Tolstedt headed the infamous community banking unit where employees created unauthorized deposit accounts and credit accounts in an effort to meet sales goals. The dummy accounts charged individual customers up to $50 in fines for a service they never requested, The New York Daily News reported."

Do the same?  Think there wouldn't be any criminal consequences?

"There are two possibilities: Customer abuse was part of business model, in which lots of high-ranking people need to go to prison," Bart Naylor, a financial policy advocate for Public Citizen, told The Washington Post. "Or the bank is too big to manage, and folks high up don’t even know that laws are being broken a few levels down."

You think?

"It’s unclear when Tolstedt became aware of the scam and she was not named in any Consumer Financial Protection Bureau paperwork. The fallout from the scandal resulted in the firing of 5,300 employees and a massive $185 million fine levied by various regulators."

Unbelievable, isn't it?  That is, the fact the Bureau failed to not only mention her, but hold her criminally responsible.  Think Wells Fargo money didn't find its way into the pockets of the Bureau?

“Those issues should have been caught sooner and dealt with more forcefully,” Mike Mayo, an analyst at CLSA Ltd., wrote Monday in a client note obtained by Bloomberg."

Again, think no one at the Bureau didn't have his or her pockets lined?

"But Tolstedt not only escaped getting axed, she was praised for her tenure at the company. In a July statement about her retirement, CEO John Stumpf hailed Tolstedt as “a standard-bearer of our culture” and “a champion for our customers,” The New York Post reported. Her decision to retire was “personal,” a Wells Fargo spokesperson said."

Again, this is nazi justice in a goddamned fascist police-state.  No accountability.  None whatsoever.  -- Whether it's Amanda S. Wright, Wells Fargo Store Manager, Kingsland, Texas, right up to and including Wells Fargo CEO John Stumpf.


8-24-15

Interesting developments in the Wells Fargo fiasco.  This publication has relentlessly attempted to expose the Wells Fargo corporate management suite, former Kingsland Store Manager Lynn Massey, and current Kingsland Store Manager Amanda S. Wright for the criminals they truly are.  Have intentionally, deliberately, knowingly engaged in egregious deceptive trade practices.

Amusingly, Ms. Wright sent the following letter by certified mail.  Received Monday, 8-17-15.  Would you believe she was conveniently absent from the bank all week?  To avoid confrontation, Amanda?  More to come, but first her letter:

Kingsland Wells Fargo
939 RR 1431
Kingsland, TX 78639
PH: 325-388-3596

August 10, 2015

Tim Chorney
PO BOX 151
Buchanan Dam, TX 78609

Dear Mr. Chorney,

Wells Fargo Bank, N.A. has determined that it is no longer in the best interests of
the Bank to maintain its banking relationship with you or your business.  Your
account number's [redacted & redacted] will be closed effective 30
business days from the date of this letter.  Please use this 30 day period to
establish alternate banking arrangements with another financial institution.

A cashier's check will be issued for all remaining collected funds in the above
account on September 22, 2015 and will be mailed to your last address of
record.  Any uncollected funds will be forwarded upon collection.

If you have any questions, please contact me at the above number.

Sincerely,
 

Amanda Wright
Store Manager
Kingsland, TX

Her second in command, Service Manager Michael Ehrhardt, NMLSR ID 408607 was confronted the very same day the letter was received.  He was informed the effort to expose the Wells Fargo corporate management suite, as well as both Massey and Wright for engaging in criminal activity would continue unabated. Both in this publication and through emails to local business owners.

Furthermore, a complaint would be filed with the U.S. Attorney, fresh complaints would also be filed with other federal and state authorities.  Clearly, nothing will be done by any of these agencies.  They're all likely bought and paid for by Wells Fargo.  Corporate owned.  Also, the U.S. Attorney will be asked to investigate whether or not Wells Fargo has unduly influenced Liberty In Peril webhosts host-ed.me and twomini.com.

Both hosts for months have failed to answer all inquiries.  Could they have been bought off?  Don't know.  Certainly, suspect they may have been.  No one figuratively targeted by this publication has greater resources to do so.  No matter what, the effort to expose Wells Fargo and its criminal activity continues unabated.  Will continue until Wells Fargo admits culpability and makes this right.  No matter how many Liberty In Peril websites they successfully shut down.


Egregious Deceptive Trade Practices-Wells Fargo

8-24-15

Ms. Wright:

The following email was sent to Travis Millegan, D&T Services, Irrigation Installation & Repair, Landscaping And More.
It will also be posted in the next Liberty In Peril Newsletter August 31, 2015.  Both working websites.
Kindly be advised the status of your employment with Wells Fargo, that is your promotion
to branch manager despite egregious criminal deceptive trade practices, will be sent in
update to each and every member of the business community contacted earlier.
Continuing with Linda Moreau, Owner-Broker, RE/MAX Highland Lakes.

Since you are forcing closure of both accounts due to the fact I publicly accuse you
and your predecessor of criminal activity, why haven't your equally criminal corporate
masters not refunded the $20 check printing charge?  Regardless, criminal complaints
will be filed with the U.S. Attorney.  Renewed criminal complaints will also be filed with
other federal and state agencies.

The effort to inform local businesses of this criminal activity will continue unabated.
Until Wells Fargo admits culpability and makes this right.  No matter how many Liberty In
Peril websites Wells Fargo successfully shuts down.

Tim Chorney, Publisher
Liberty In Peril
Formerly,
The Llano Ledger
www.libertyinperil.t15.org
www.libertyinperil.wink.ws
P.O. Box 151
Buchanan Dam, Texas 78609


6-23-15

For several months, Wells Fargo is now printing on its cash receipts the denomination of currency it gives customers.  Why?  A teller informed this writer it's for the convenience of those doing business with the bank.  That people supposedly like to be reminded of what the bank gave them.  Is that right?  Does the bank truly believe people are that stupid?  That inept, that incompetent not to know what they got in cash?

Not accusing the teller of lying, however.  Clearly, believe she only regurgitated what her corporate masters told her.  She assured me the bank is not collecting that data.  Forwarding it to its government lackeys.  Believe that?  Credible coming from a bank too big to fail, that considers itself the government?  That's already engaged in egregious deceptive trade practices in the Kingsland and Burnet branches?  Allegations it has never denied to date.  In fact, 'justifies.'

That is, Wells Fargo officers open accounts deceptively.  The electronic document signed is not the same as the written copy.  Criminal activity the bank refuses to address.  In fact, promoted criminal officer Amanda Wright to branch manager.  After allowing her mentor, Lynn Massey, to retire.  Indeed, a reward for this young woman's knowingly criminal behavior at behest of her equally criminal corporate masters.

Indeed, a bank too big to fail.  Can only wonder what the reaction of the U.S. Attorney will be.  Think they'll stonewall as the former Texas Attorney General and federal Consumer Financial 'Protection' Bureau?  To say nothing of our useless District Attorney "Sonny Boy" McAfee.


5-18-15

Reverse Darwinism is alive and well at Wells Fargo.  Not only survival of the unfittest, however.  No, no, no.  Not at all.  Knowingly engage in criminal deceptive trade practices?  Tow the company line?  Look the other way?  Willingly play the game?  Then stonewall to the best of your ability, -- and guess what?  The Wells Fargo corporate management suite promptly rewards such criminal behavior with a promotion to branch manager.  How 'bout 'dat?'

One of her tellers recently confirmed the young woman who had in fact engaged in deceptive trade practices while opening two accounts as repeatedly reported in this publication has indeed been promoted.  Rewarded for criminal behavior.  More importantly?  Loyalty to her corporate masters.  After all, the corrupt, abusive, inept bastards in the Wells Fargo corporate management suite had to replace the old battle wagon who had managed the Kingsland Branch, had been employed by the corporation for what, -- some 25 years?

Apparently, Ms. Massey had had enough of the determined continued tireless effort of this publication to expose her and her young protégé Amanda Wright to the light of day.  For knowing, determined egregious execution of criminal deceptive trade practices.  Clearly, both had done the will of their corporate masters.  Otherwise, both would have been immediately fired.  Guilt quickly admitted by the corporate management suite.

An effort to make it right.  Not to be.  Clearly, the deceptive trade practices problem remains an issue nationwide.  Readers are reminded of the criminal activities of Wells Fargo in California and the subsequent suit filed by government authorities there.  Nothing has changed here.   Consequently, the effort to expose Wells Fargo to the community for what it is continues indefinitely.  Will be stepped up.

The nearly 40 emails already sent around the business community will be updated one by one.  As to the fact, the old battle wagon was allowed to retire, and the young achingly inexperienced officer responsible for egregious deceptive trade practices promoted.  This information will be added as well to the weekly email sent to the business community.  Again, those already contacted will receive an update.

The public must be aware of how this corrupt, abusive, Aryan arrogant, hopelessly inept corporation does business.  As it pleases.  With impunity.  Clearly, too big to fail or be challenged by its bought and paid for lackeys in government.  Regulation?  What's that?  The arrogant nazis in the Wells Fargo corporate management suite "don't need no stinkin' regulation."  Are free to do as they please.  Protected at the very least by the Texas Attorney General as well as the federal Consumer Financial 'Protection' Bureau.  Let's see if the U.S. Attorney obliges, that is, completes the trifecta.

Should the corporate management suite sue, all discovery received would be immediately posted in this publication no matter the personal cost, legal or otherwise.  These criminal bastards will continue to be exposed for whom and what they are.  Have nothing to lose.  They do.  They believe they are the government.  The former branch manager certainly claimed such.  Let's see.

Quite possibly, in effect, they are.  Think about it.  They've bought and paid for the government lackeys supposed to 'regulate' them, forget?  Sadly, it's not just a matter of dumping this goddamned bank.  They're all the same.  Do as they please.  With impunity.  Protected by the goddamned government stooges securely in their pocket.  Indeed, bought and paid for.  This has to change.  Otherwise?  Hear the rumble?  The public has had enough.

The State of Texas has refused to investigate this case.  The former Attorney General, now Governor, ignored repeated calls for a criminal investigation.  May have been bought and paid for by the bank.  That remains to be seen.  The federal Consumer Financial 'Protection' Bureau also refused to conduct a criminal investigation.  Clearly, Republican fascists were successful in gutting this supposedly 'watch dog' federal agency.

A criminal complaint will be filed against the former manager, the current manager, as well as the Wells Fargo corporate management suite with the U.S. Attorney for perpetrating and executing egregious deceptive trade practices.  Should nothing change, the effort of this publication to expose Wells Fargo for whom and what it is will continue indefinitely.  No matter the personal cost.  No threat.  A promise.


5-11-15

Wells Fargo has been sued in California for what amounts to egregious deceptive trade practices.  Employees have been allegedly involved in criminal acts such as opening phony accounts in the name of customers, forcing accounts they did not want, could not afford to pay fees on thus ruining credit ratings of innocent people.  Much more to come as this story develops.

Closer to home, Wells Fargo has blocked Inbox.com mail, including that from this writer.  Interesting, isn't it?  Twice received Daemon Mailers from mail sent to Wells Fargo officer Amanda Wright in the Kingsland branch in regard to deceptive trade practices perpetrated by her and former branch manager Lynne Massey.  Seems the old battle wagon retired rather than put up with continuing efforts by this writer to hold both, as well as their employer, accountable.

Will continue to do so.  Each week yet another email informing local businesses will be sent out by this publication until Wells Fargo admits guilt, makes it right.  Since neither the Texas Attorney General or the federal Consumer Financial 'Protection' Bureau are willing to take action, a complaint will eventually be sent to the U.S. Attorney.


2-9-15

As usual, the weekly Wells Fargo Deceptive Trade Practices Salvo email went out on schedule.  This time to a Washington Post reporter.  Can be found by clicking on the Salvo 23 icon well below.  A copy was forwarded to Amanda Wright.  The one to Lynn Massey was returned mailer-daemon:  "<masseylm@wellsfargo.com>: 550 5.1.1 <masseylm@wellsfargo.com>... User unknown."

Usually, this means one of two things. Either the person left the company or changed email addresses the corporation does not want disclosed.  No assumptions can be made either way here since Wells Fargo cannot be trusted.  Has foolishly, stupidly forfeited all credibility.  Has criminally engaged in deceptive trade practices.

Matters not whether one or both principals leave the Bank, anyway.  The Wells Fargo corporate management suite has consistently refused to take responsibility for the Bank's criminal activity.  Has not changed its policies.  Continues to stonewall.  Has offered no restitution for egregious invasion of my privacy as well as that of others.

Nor has it provided restitution for countless hours expended by this writer exposing the Bank's criminal activity to the light of day.  Unless and until this changes, the effort to expose Wells Fargo to the community continues.  Indefinitely.  Since the State of Texas ignored, refused to investigate the charges and the federal Consumer Financial Protection Bureau did the same, a new complaint will be prepared and filed with the U.S. Attorney.

Eventually, all Bank and government correspondence will be posted in this publication for public review.  No matter what, no matter how this is finally resolved or not, anything and everything that's already been posted will remain up for continuing public review.  The public deserves no less.  This will not be swept under the carpet under any circumstances.

The longer this fiasco continues, the costlier it becomes for Wells Fargo in terms of lost credibility and public confidence.  The Bank simply cannot grasp the fact nothing motivates this writer more than stonewalling.  ... Other than egregious injustice no matter its source.

After all these years, by now, this should be abundantly clear to the readership:  This writer is not for sale.  Incapable of being bought and paid for.  Impossible to bribe.  'Untouchable.'

It is difficult to believe, inexplicable, the egregious deceptive trade practices criminal activity perpetrated is confined to the Kingsland branch alone.  It is likely a Bank-wide problem.  Likely why Wright and Massey were not immediately fired by the corporate management suite.  Why top management did not immediately offer restitution to quickly resolve the issue.  Wisely, limit damage, loss of credibility, public image, trust, etc..  Instead, they haughtily 'justified' it.

Without question, deceptive trade practices were a problem some 15, 16 years ago in the Burnet Wells Fargo branch as well.  It was there the officer who opened the original checking account, closed several years ago due to corporate greed, filled in the blanks with false data I had refused to give her at the time the account was opened.  ... Apparently, after I had left the bank.  Possibly, while I was still there.  Not clear.  Not certain what their electronic capabilities were at the time all those years ago.

Management is not stupid.  Simply Aryan arrogantly does as it pleases.  Up to this point, with impunity.  That must change.  Now.  If the U.S. Attorney chooses to investigate despite the fact the Bank's supposedly too big to fail, -- and finds the corporate management suite knew what was going on, heads will roll.

Although highly unlikely in Nazi America, top level management may even enjoy a short stay at a federal 'country club.'  Up to this point, these arrogant sons of bitches have done as they pleased.  Accountable to no one.  As Massey haughtilyfalsely declared, "The Bank is the government."  Protected.  Coddled.  Clearly, likely lining pockets of those entrusted to regulate it.  Otherwise, she would not have made the statement.

Yet, bought and paid for GOP nazis want absolutely no regulation at all of their corpulent corporate benefactors.  Clearly, they want these corrupt abusive corporate bastards, who already literally own and manipulate the supposedly "'free' market," to be completely free to do as they please with absolute impunity.  Readers, they have been bought.  Sold you out to line their bottomless pockets.  The Democrats are no better.  They've done the same.

Most telling of all?  Not once has the Bank in the last two-plus years since this fiasco came to a head strongly denied point by point, vigorously challenged the veracity of extremely detailed charges made by this writer in the original snail mail complaint to the former Texas Attorney General and the federal Consumer Financial Protection Bureau.

The fact neither the State of Texas or the federal Consumer Financial Protection Bureau investigated such detailed malfeasance begs the question:  Who got paid off, by whom, for what?  While no one may be ultimately prosecuted, held accountable, this publication will continue to do all it can to expose Wells Fargo for whom and what it is.


The following email has been sent nearly daily to a woman at 2freehosting.com who was responsible for caving into Wells Fargo.  This email is re-edited occasionally as circumstances change.  Should you bank with Wells Fargo you may wish to ask them why they engage in deceptive trade practices and if in fact they indeed bribed Texas Gov. Greg Abbott while he was Texas Attorney General to ignore a complaint filed against them:

From  libertyinperil@riseup.netAdd contact
To  fran@2freehosting.comAdd contact
Date  Today 17:07
Priority  Highest
Contact photo
Message Body

Hey Fran?  Why am I receiving renewal notices to sites I have no password access to?  Again, how much were you bribed by Wells Fargo?  Tim Chorney
 

Subject:       FTP Down
From:       libertyinperil@ruggedinbox.com
Date:       Fri, October 2, 2015 7:42 pm
To:       fran@2freehosting.co
Priority:      High
Create Filter:       Automatically | From | To | Subject
Options:       View Full Header | View Printable Version  | Download this as
a file

Who bribed you, Fran, to look the other way?

---------------------------- Original Message ----------------------------
Subject: [Fwd: FTP Down]
From:   libertyinperil@ruggedinbox.com
Date:    Mon, September 28, 2015 8:13 pm
To:      fran@2freehosting.com
--------------------------------------------------------------------------
 

Who bribed or forced 2freehosting to deny this publication FTP access, Fran?
---------------------------- Original Message ----------------------------
Subject: [Fwd: FTP Down]
From:    libertyinperil@ruggedinbox.com
Date:    Fri, September 25, 2015 10:12 pm
To:      fran@2freehosting.com
--------------------------------------------------------------------------

What's going on, Fran?  Why no FTP access?

---------------------------- Original Message ----------------------------
Subject: [Fwd: FTP Down]
From:    libertyinperil@ruggedinbox.com
Date:    Fri, September 25, 2015 9:38 pm
To:      fran@2freehosting.com
--------------------------------------------------------------------------

---------------------------- Original Message ----------------------------
Subject: [Fwd: FTP Down]
From:    libertyinperil@ruggedinbox.com
Date:    Fri, September 25, 2015 8:11 pm
To:      fran@2freehosting.com
--------------------------------------------------------------------------
 

Why no timely response, Fran?

---------------------------- Original Message ----------------------------
Subject: FTP Down
From:    libertyinperil@ruggedinbox.com
Date:    Thu, September 24, 2015 9:21 pm
To:      fran@2freehosting.com
--------------------------------------------------------------------------

Fran,

All three Liberty In Peril FTP servers are down and apparently have been
hacked.  The three websites, however, remain up and running at time of
writing.  That is, libertyinperil.twomini.com, libertyinperil.wink.ws, and
libertyinperil.t15.org are accessible and running.  Only FTP access has
been effected making it impossible to upload.

The Filezilla messaging on twomini is:

Status:        Connecting to 31.170.167.137:21...
Status:        Connection attempt failed with "ECONNREFUSED - Connection
refused by server".
Error:        Could not connect to server
Status:        Waiting to retry...
Status:        Connecting to 31.170.167.137:21...
Status:        Connection attempt failed with "ECONNREFUSED - Connection
refused by server".
Error:        Could not connect to server

**************************************************************

The exact same messaging, other than IP addresses, is the same on the wink
and t15 FTP servers.  This hacking attack apparently occurred the day
after Wells Fargo closed two accounts because I publicly accused them of
criminal activity.  Your company needs to look into this matter. Get these
FTP servers up and running again.  A criminal complaint will be filed with
the U.S. Attorney regarding all the ongoing criminal activity by Wells
Fargo, now extended to hacking and undue interference with the webhosts.
Has 2freehosting been bribed and/or pressured by Wells Fargo?  Certainly,
one of numerous questions to be forwarded to criminal prosecutors.

Tim Chorney
*******************************************************************

All three Liberty In Peril FTP servers are down and apparently have been
hacked.  The three websites, however, remain up and running at time of
writing.  That is, libertyinperil.twomini.com, libertyinperil.wink.ws, and
libertyinperil.t15.org are accessible and running.  Only FTP access has
been effected making it impossible to upload. This hacking attack
apparently occurred the day after Wells Fargo closed two accounts because
I publicly accused them of criminal activity.  Your company needs to look
into this matter. Get these FTP servers up and running again.  A criminal
complaint will be filed with the U.S. Attorney regarding all the ongoing
criminal activity by Wells Fargo, now extended to hacking and undue
interference with the webhosts.  Has 2freehosting been bribed and/or
pressured by Wells Fargo?  Certainly, one of numerous questions to be
forwarded to criminal prosecutors.

Tim Chorney, Publisher
Liberty In Peril
libertyinperil.com
******************************************************************

Subject:      New Liberty In Peril URL
From:       libertyinperil@ruggedinbox.com
Date:       Mon, November 9, 2015 8:23 pm
To:               fran@2freehosting.com
Priority:       High
Create Filter:       Automatically | From | To | Subject
Options:       View Full Header | View Printable Version  | Download this as
a file

Welcome.   Liberty In Peril has been relaunched at a new URL:
libertyinperil.com.  This is a new commercial site hosted in an overseas
country, which unlike our own, does value free speech, Net security,
privacy, equally importantly, despises hackers.  Banks too big to fail
should not have the ability to shut down ftp servers on four Liberty In
Peril websites, making upload impossible.  -- Simply, because they don't
want the truth of their criminal activity reported to the public.

Should this site not be kept up, running, and fully operational, the
libertyinperil.com domain will be quickly moved to a different host
despite cost and hassle.  No more bullsh-t.  Criminal complaints will be
prepared and filed against Amanda Wright, Lynn Massey, and the equally
criminal bastards in the Wells Fargo corporate management suite for
egregious deceptive trade practices.

Email notification of local businesses of these practices, has and will,
continue unabated until Wells Fargo accepts responsibility, ceases these
practices, and finally makes it right.  During the last several weeks
after the ftp servers were hacked, a blizzard of these emails was sent to
local businesses to keep intense pressure on the criminal bastards at
Wells Fargo.  Copies of these emails were sent to bank officials.  They
have been posted in this publication. ... We're already up to Salvo 74, --
and counting.

In addition, all new Newsletter Editions will feature an
available abbreviated version, smart phone friendly, that can be accessed
by clicking on the icon.  Will supplement the regular format of this
publication.  This is being done because so many of you access this
publication with smart phones and other devices with small screens.

This site has finally been fully uploaded.  All links appear to be
properly working.  Typos in the rush to get material up have also been
corrected.  There will be a few additional changes to be made as time
allows.  Including, again, a smart phone-friendly abbreviated version of
each future Newsletter Edition starting with v434 that will be available
in addition to the regular edition.

Hopefully, now, I can finally get back to the business of this
publication, that is exposure of corrupt, abusive, inept, clueless
government lackeys beholden to their corporate masters, rather than
dealing with recalcitrant webhosts.  We'll see.  With the
libertyinperil.com domain, however, any necessary changes in webhosts will
be easy to make since all links won't have to be changed or deactivated.

The pressure on Wells Fargo will continue unabated.  Should they further
interfere with operation of this publication, it will simply provide
additional fodder for criminal complaints to be filed against them.

On 9-22-15, Kingsland Wells Fargo Store Manager Amanda Wright forced
closure of two accounts because for nearly three years this writer has
publicly accused her, her predecessor Lynn Massey, and the Wells Fargo
corporate management suite of engaging in criminal deceptive trade
practices, as well as pressuring, unduly interfering and/or bribing
webhosts to take these websites down.

Apparently, they have successfully managed to unduly influence and/or
bribe the federal Consumer Financial 'Protection' Bureau and Texas
Attorney General Consumer Protection Division as well.  Forget?  The bank
is considered too big to fail.  Considers itself government.

For all practical purposes, that's perversely true.  They have money and
resources to buy not only their human chattel, but their bought and paid
for government lackeys.  Be interesting to see whether or not the U.S.
Attorney is untouchable, or sadly, similarly capable of being bought.

Immediately after closure of these accounts, the three operational Liberty
In Peril FTP servers were hacked.  What that means is that while all three
sites remained operational and accessible to readers, new material could
not be uploaded.  This continues to date.

Worse, 'free' accounts on all three 'free' webhosts conveniently no longer
provide technical control panel support.  Clearly, they don't want to know
there are problems.  Have managed, however, to find other ways to contact
webhost management and have done precisely that.

Will take a criminal investigation to determine who hacked the sites,
however.  Most likely, Wells Fargo had a hand in it.  Certainly, have the
resources.  Highly, unlikely the Llano County Sheriff's Office was
involved.  Hard to believe they would be that stupid.  The Bank, however,
has nothing to lose.  Owns its government lackeys.  The Sheriff and his
outrageously corrupt and abusive goons, however, can expect further
exposure in this publication.  Should you have information regarding this
or any other issue, contact me.  I will protect your identity.

Tim Chorney, Publisher
Liberty In Peril
Formerly,
The Llano Ledger
www.libertyinperil.com
www.libertyinperil.t15.org
www.libertyinperil.wink.ws
www.libertyinperil.twomini.com
www.libertyinperil.host-ed.me
P.O. Box 151
Buchanan Dam, Texas 78609



 

        Wells Fargo Deceptive Trade Practices Salvo 230

This is the 230th installment of an ongoing expose of egregious Wells Fargo deceptive trade practices.  In an effort to maintain pressure not only on our worthless self-serving Texas Attorney General now Governor, but the Wells Fargo corporate management suite as well, the following email was sent to Manager, TexMix Concrete, Marble Falls, TX.  Regarding Abbott's egregious failure to not only investigate deceptive trade practices perpetrated by Wells Fargo, but to answer the snail mailed complaint itself.  A copy of it was also sent to offending Wells Fargo officer Amanda Wright:


Egregious Deceptive Trade Practices-Wells Fargo
Manager, TexMix Concrete, Marble Falls, TX

11-2-18

Dear Manager:

The entire business community needs to be fully aware the Texas Attorney General, now Texas Governor, has ignored the following snail mailed complaint filed against Wells Fargo over five years ago.  Intending to apply additional pressure, the complaint was then emailed to his office 9-15-14.  Apparently, the bank's too big to fail, -- or possibly his pockets are being lined. Whatever the reason, the long-suffering public has a right to know. Will continue to do the best I can to inform them in my publication.  Feel free to share this message and/or links. The public, indeed, must be informed.

In follow-up to the above, the former branch manager, Lynn Massey has cowardly chosen to retire.  Her protégé, the offending officer who willingly engaged in deceptive trade practices at behest of her corporate masters has indeed been rewarded for that criminal activity and her company loyalty.  Amanda Wright has been promoted to branch manager by her corporate handlers.  Indeed, reverse Darwinism.  Survival of the unfittest.

For months before closing the accounts, Wells Fargo was printing on its cash receipts the denomination of currency it gives customers. Why? A teller informed this writer it's for the convenience of those doing business with the bank.  That people supposedly like to be reminded of what the bank gave them.  Is that right?  Does the bank truly believe people are that stupid?  That inept, that incompetent not to know what they got in cash?

Not accusing the teller of lying, however.  Clearly, believe she only regurgitated what her corporate masters told her.  She assured me the bank is not collecting that data.  Forwarding it to its government lackeys.  Believe that?  Credible coming from a bank too big to fail, that considers itself the government?  That's already engaged in egregious deceptive trade practices in the Kingsland and Burnet branches?  Allegations it has never denied to date.  In fact, 'justifies.'

That is, Wells Fargo officers open accounts deceptively.  The electronic document signed is not the same as the written copy.  Criminal activity the bank refuses to address.  In fact, promoted criminal officer Amanda Wright to branch manager.  After allowing her mentor, Lynn Massey, to retire.  Indeed, a reward for this young woman's knowingly criminal behavior at behest of her equally criminal corporate masters.

Indeed, a bank too big to fail.  Can only wonder what the reaction of the U.S. Attorney will be.  Think they'll stonewall as the former Texas Attorney General and federal Consumer Financial 'Protection' Bureau?  To say nothing of our useless District Attorney "Sonny Boy" McAfee.

The bank forced closure of two accounts 9-22-15 for no reason other than it was not in their best interests to keep them open.  Immediately after closure, ftp servers on three Liberty In Peril sites were hacked.  While the sites remain up and running, I cannot upload them with new material.  The webhosts remain unresponsive, have apparently been bribed.  A new commercial site overseas has been launched:  libertyinperil.com.

Tim Chorney, Publisher
Liberty In Peril
Formerly,
The Llano Ledger
www.libertyinperil.com
www.libertyinperil.t15.org
www.libertyinperil.wink.ws
www.libertyinperil.twomini.com
www.libertyinperil.host-ed.me
P.O. Box 151
Buchanan Dam, Texas 78609

****************************************************************************

9-15-14

Mr. Attorney General:

Can you explain why your office has failed to respond to the following snail-mailed
complaint against Wells Fargo?  Are they indeed too big to fail?  Or, are they possibly
lining your pockets?  Is the Davis campaign aware you don't investigate bona fide
complaints filed by citizens you allegedly serve?

Tim Chorney

******************************************************************************

Greg Abbott, Texas Attorney General
Consumer Protection Division
PO Box 12548
Austin, TX 78711-2548

September 20, 2013

Re:  Egregious Deceptive Trade Practices-Wells Fargo

Dear Mr. Abbott:

On January 18, 2013, this writer attempted to open a checking account with Wells Fargo,
MAC T7025-010, Kingsland, Texas.  While this account as well as a savings account
additionally required by bank policy were opened, it was clearly done under false
pretenses by Amanda Wright, Personal Banker, NMLSR ID: 936717.  Under supervision of Lynn
Massey, Store Manager, NMLSR ID: 555274.

Before providing complete details, this complaint was delayed due to severe out of state
family problems initially requiring re-opening of a checking account with Wells Fargo,
personal health issues, and relaunch of an investigative publication that was immediately
hacked upon relaunch months ago.

On January 18, this writer approached Ms Wright with a substantial United States Treasury
Check and the need to re-open a checking account. – Closed several years earlier when the
bank greedily changed policy and attempted to charge an enormous monthly service charge on
a free checking account that had been open since 1999.  … Charge customers for using their
money.

Ms. Wright insisted, to obtain free checking, substantial deposits would have to remain in
not only a checking account, but a savings account as well.  In addition, this writer
would be required to participate in online banking.  – Bank policy, she falsely claimed.
The following is a detailed listing of the deceptive trade practices perpetrated by Wells
Fargo:

1)The Consumer Account Application she showed me on a computer monitor, and had this
writer electronically sign, was not the same as the written hard-copy subsequently
provided.  Realized that on the way home and immediately returned to the bank.  The
electronic display did not include the following bank policy:  “You are authorized to make
any inquiries that you consider appropriate to determine if you should open or maintain
the account. This may include ordering a credit report or other report (i.e. information
from any motor vehicle department or other state agency) on me.”

In bold font, it continues: “I have received a copy of the applicable account agreement,
the privacy policy, and the Direct Deposit Advance Service Agreement and Product Guide*
(as each may be amended from time to time) and agree to be bound by their terms. I also
agree to the terms of the dispute resolution program described in the foregoing
agreements. Under the dispute resolution program, our disputes will be decided before one
or more neutral persons in an arbitration proceeding and not by a jury trial or a trial
before a judge.”

Had I been informed of these policies, would never had electronically signed the
agreement.  Never would have agreed to a credit check to open a checking or savings
account.  What for?  Had no intention of borrowing money, just depositing a rather sizable
amount.  Never bounced a check. Never gave Wells Fargo any problems, – until now with this
complaint.  Never would have willingly forfeited the constitutional right to go to court
to resolve a dispute and foolishly agree to binding arbitration.  … Which is nearly always
controlled, manipulated by these exceptionally poorly-regulated corporations that usually
do precisely as they please.  When confronted, Ms. Wright falsely feigned ignorance.  Had
a 'deer in the headlights' facial expression. Had no explanation.

Demanded to talk to the Store Manager.  Ms. Massey informed me the bank was the
government, they could do as they please.  Quickly informed her the bank was not the
government, only FDIC insured.  Remains an accurate measure of the Aryan arrogance of
Wells Fargo corporate management, however. Quickly informed her I would sue should my
privacy be abrogated by a credit or records check.

She offered to cancel both accounts.  Refused.  Had already disclosed personal information
this writer could not recover from this outrageously corrupt and abusive corporation.
Information it would share with anyone it pleased with impunity,  Information it could and
would not protect.  Leading to the next example of egregious deceptive trade practices:

2)When Ms. Wright opened the new accounts, she was immediately able to access all personal
information on the old checking account that had been opened in 1999 and closed several
years ago as earlier stated.  I pointedly asked her what my personal information was still
doing on a Wells Fargo computer network accessible all over the country, as well as the
rest of the world.  Anyone could have obtained that information or hacked the system.  She
had no response.  Neither did the Store Manager.

The account had long since been closed.  That information belongs to me, not the bank.  I
never signed any agreement with Wells Fargo forfeiting my right to my own personal
information.  Yet, there it was.  Worse, it included false information that I had never
given the bank.  Refused to give Wells Fargo when the account was originally opened in
1999.  For damned good reason.  Was none of their business, or the government's.

Clearly, the deceptive officer who opened the account years ago made up false information.
Outrageously, filled in the blanks after I left the bank.  Ms. Wright desperately tried to
elicit correct information that I quickly refused to give her.  As a law-abiding citizen,
it's none of the bank's business, none of the government's business.  “Know Your Customer”
policy is an outrageous invasion of personal privacy of innocent citizens, falsely in the
name of “national 'security.'”  Rather it is implementation of a fascist police-state this
writer will never accept, never cooperate with.  The hell with the treasonous, traitorous
USA 'Patriot' Act.

Having received a written bogus policy follow-up from Wells Fargo Legal from Ms. Massey,
she again offered to close the accounts. I refused and informed her complaints would be
filed against the bank with state and federal authorities.

She subsequently changed the requirements for maintaining a 'free' checking and savings
account.  Interesting, isn't it?  Lowered the minimums required.  Did away with the online
banking requirement.  – The online agreement forced on account holders is worse than the
written one.  More repressive.  More invasive.  She wanted me to re-electronically sign
the agreement.  Refused, since it would have abrogated my right to sue if my privacy is,
or was, invaded or Wells Fargo engages in any further deceptive trade practices.

Without question, Ms. Wright is a brilliant, young, gifted woman.  Who likely knowingly
capitulated to pressure brought to bear by her corporate masters to engage in
self-serving, lucrative deceptive trade practices. As low woman on the totem pole, she
possibly believed she had no choice.  Conversely, as a seasoned banking veteran, Ms.
Massey has no excuse.  Until rampant deceptive trade practices are effectively addressed
by authorities, there will be no faith or trust in the hopelessly greedy, abusive,
corrupt, arrogant banking community.  Precisely why an increasing number eschew business
with them, – unless forced by personal circumstances.

Should an ordinary Joe or Jane engage in such deceptive practices as the banking industry,
they are rightfully quickly indicted for fraud or worse.  Not so, the banking community.
Rather, it's protected and coddled by authorities. Too big to fail.  This has to change.

For your information, every other bank canvassed in this area is as bad or worse than
Wells Fargo regarding policy.  None are effectively regulated.  None.  Not one of them.
All do as they please.  With virtual impunity.  Convenient isn't it?  Are all in bed with
their 'regulators?'  Certainly, seems so.  Whose money, personal information do they truly
think it belongs to?  Them?  Arrogance, hubris?  Unlimited, endless.  National socialist.

Coup de grace?  A most poignant example of abject corporate cluelessness?  By a corporate
management suite that clearly doesn't 'get it?'  The following outrageously galling phony
propaganda printed on the monthly statement:  “Thank you for being a loyal Wells Fargo
customer.  We value your trust in our company and look forward to continuing to serve you
with your financial needs.”  Is that right?

Who the hell are they kidding?  They're delusional.  They betray their customers,
callously invade privacy, falsely believe they own account holder personal information,
share private information with whomever they choose as long as their pockets are lined,
pay pennies in interest for thousands deposited, release financial information to
government goons without a warrant.

How?  Courtesy of National Security Letters that are outrageously unconstitutional despite
rulings to the contrary by the fascists legislating their perverse ideological views from
the bench in support of their corporate masters.  Insult to injury?  These very same
bankers and others are forced by the very same dictators in government not to disclose to
account holders that they've been betrayed not only by our outrageously corrupt and
abusive government, but the corporate management suite that cowardly complies.  Yet, this
very same corporate management suite gallingly and falsely believes they're 'serving'
account holders.  How?  By betraying the best interests of their customers?  They serve
only themselves,  'Regulators' aid and abet.  A fascist police-state.

While customer service truly stinks, remains non-existent at Wells Fargo, it's as bad or
worse elsewhere.  Precisely, why the banking cartel does as it pleases.  Why?  Because it
can.  If an account weren't needed for legal reasons currently, this bank would be
promptly dumped.

Why is it a United States Treasury Check cannot be cashed at any FDIC-insured bank with
identification without a substantial charge, -- or at all?  That is, some of these
federally-insured banks will not cash these checks.  Why?  One wanted to loot this writer
approximately $300 for the 'privilege' of cashing a check from the government insuring it.
Hubris.  Unbridled greed.  Aryan arrogance.

Upon resolution of these issues by state and federal authorities, kindly be advised
Liberty In Peril will post an expose' on the banking industry and the government's
egregious failure to date to properly regulate it.  Worse?  Failure to correct the abuses,
corruption, deception, and outright fraud repeatedly committed by these banks.  This
letter and all correspondence from you and your agency will be ultimately posted in my
publication.  Redacted as necessary.

Sincerely,
 

Tim Chorney, Publisher
Liberty In Peril
Formerly,
The Llano Ledger
www.libertyinperil.host-ed.me
www.libertyinperil.t15.org
www.libertyinperil.twomini.com
www.libertyinperil.wink.ws
P.O. Box 151
Buchanan Dam, Texas 78609

c: Liberty In Peril

***************************************************************

Egregious Deceptive Trade Practices-Wells Fargo

11-2-18

Ms. Wright:

The following email was sent to Manager, TexMix Concrete, Marble Falls, TX.
It will also be posted in this publication shortly, v590.   Kindly be advised the status of your
employment with Wells Fargo, that is your promotion to branch manager despite egregious
criminal deceptive trade practices, has been sent in update to each and every member
of the business community contacted earlier.

Since you have forced closure of both accounts 9-22-15 due to the fact I publicly accuse you
and your predecessor of criminal activity, why have your equally criminal corporate
masters not refunded the $20 check printing charge?  Also, why were three Liberty In Peril
ftp servers immediately hacked at that time?  Why do the webhosts remain unresponsive?
Have they been bribed by the Wells Fargo corporate management suite?  Regardless, criminal
complaints will be filed with the U.S. Attorney.  Renewed criminal complaints will also be filed with
other federal and state agencies.

The effort to inform local businesses of this criminal activity will continue unabated.  Until Wells Fargo
admits culpability and makes this right.  No matter how many Liberty In Peril websites Wells Fargo
successfully shuts down.

Be advised a commercial site was set up overseas in a country that protects free speech, its servers, and
does not take kindly to bribery or hacking.  Has been fully uploaded.  Should you eventually leave the
bank, however, this will not end the effort of this publication to inform the public of egregious deceptive
trade practices perpetrated by Wells Fargo.

Clearly, this is a corporate-wide issue.  Otherwise, you and your predecessor would have been
immediately fired and the company would have done all it could to redress the problem.  Until
that happens, Wells Fargo will continue to be exposed for whom and what it is to the public it
supposedly serves.

Tim Chorney, Publisher
Liberty In Peril
Formerly,
The Llano Ledger
www.libertyinperil.com
www.libertyinperil.t15.org
www.libertyinperil.twomini.com
www.libertyinperil.wink.ws
www.libertyinperil.host-ed.me
P.O. Box 151
Buchanan Dam, Texas 78609

**********************************************

Egregious Deceptive Trade Practices-Wells Fargo
Manager, TexMix Concrete, Marble Falls, TX

11-2-18

Dear Manager:

The entire business community needs to be fully aware the Texas Attorney General, now Texas Governor, has ignored the following snail mailed complaint filed against Wells Fargo over five years ago.  Intending to apply additional pressure, the complaint was then emailed to his office 9-15-14.  Apparently, the bank's too big to fail, -- or possibly his pockets are being lined. Whatever the reason, the long-suffering public has a right to know. Will continue to do the best I can to inform them in my publication.  Feel free to share this message and/or links. The public, indeed, must be informed.

In follow-up to the above, the former branch manager, Lynn Massey has cowardly chosen to retire.  Her protégé, the offending officer who willingly engaged in deceptive trade practices at behest of her corporate masters has indeed been rewarded for that criminal activity and her company loyalty.  Amanda Wright has been promoted to branch manager by her corporate handlers.  Indeed, reverse Darwinism.  Survival of the unfittest.

For months before closing the accounts, Wells Fargo was printing on its cash receipts the denomination of currency it gives customers. Why? A teller informed this writer it's for the convenience of those doing business with the bank.  That people supposedly like to be reminded of what the bank gave them.  Is that right?  Does the bank truly believe people are that stupid?  That inept, that incompetent not to know what they got in cash?

Not accusing the teller of lying, however.  Clearly, believe she only regurgitated what her corporate masters told her.  She assured me the bank is not collecting that data.  Forwarding it to its government lackeys.  Believe that?  Credible coming from a bank too big to fail, that considers itself the government?  That's already engaged in egregious deceptive trade practices in the Kingsland and Burnet branches?  Allegations it has never denied to date.  In fact, 'justifies.'

That is, Wells Fargo officers open accounts deceptively.  The electronic document signed is not the same as the written copy.  Criminal activity the bank refuses to address.  In fact, promoted criminal officer Amanda Wright to branch manager.  After allowing her mentor, Lynn Massey, to retire.  Indeed, a reward for this young woman's knowingly criminal behavior at behest of her equally criminal corporate masters.

Indeed, a bank too big to fail.  Can only wonder what the reaction of the U.S. Attorney will be.  Think they'll stonewall as the former Texas Attorney General and federal Consumer Financial 'Protection' Bureau?  To say nothing of our useless District Attorney "Sonny Boy" McAfee.

The bank forced closure of two accounts 9-22-15 for no reason other than it was not in their best interests to keep them open.  Immediately after closure, ftp servers on three Liberty In Peril sites were hacked.  While the sites remain up and running, I cannot upload them with new material.  The webhosts remain unresponsive, have apparently been bribed.  A new commercial site overseas has been launched:  libertyinperil.com.

Tim Chorney, Publisher
Liberty In Peril
Formerly,
The Llano Ledger
www.libertyinperil.com
www.libertyinperil.t15.org
www.libertyinperil.wink.ws
www.libertyinperil.twomini.com
www.libertyinperil.host-ed.me
P.O. Box 151
Buchanan Dam, Texas 78609

****************************************************************************

9-15-14

Mr. Attorney General:

Can you explain why your office has failed to respond to the following snail-mailed
complaint against Wells Fargo?  Are they indeed too big to fail?  Or, are they possibly
lining your pockets?  Is the Davis campaign aware you don't investigate bona fide
complaints filed by citizens you allegedly serve?

Tim Chorney

******************************************************************************

Greg Abbott, Texas Attorney General
Consumer Protection Division
PO Box 12548
Austin, TX 78711-2548

September 20, 2013

Re:  Egregious Deceptive Trade Practices-Wells Fargo

Dear Mr. Abbott:

On January 18, 2013, this writer attempted to open a checking account with Wells Fargo,
MAC T7025-010, Kingsland, Texas.  While this account as well as a savings account
additionally required by bank policy were opened, it was clearly done under false
pretenses by Amanda Wright, Personal Banker, NMLSR ID: 936717.  Under supervision of Lynn
Massey, Store Manager, NMLSR ID: 555274.

Before providing complete details, this complaint was delayed due to severe out of state
family problems initially requiring re-opening of a checking account with Wells Fargo,
personal health issues, and relaunch of an investigative publication that was immediately
hacked upon relaunch months ago.

On January 18, this writer approached Ms Wright with a substantial United States Treasury
Check and the need to re-open a checking account.  – Closed several years earlier when the
bank greedily changed policy and attempted to charge an enormous monthly service charge on
a free checking account that had been open since 1999.  … Charge customers for using their
money.

Ms. Wright insisted, to obtain free checking, substantial deposits would have to remain in
not only a checking account, but a savings account as well.  In addition, this writer
would be required to participate in online banking.  – Bank policy, she falsely claimed.
The following is a detailed listing of the deceptive trade practices perpetrated by Wells
Fargo:

1)The Consumer Account Application she showed me on a computer monitor, and had this
writer electronically sign, was not the same as the written hard-copy subsequently
provided.  Realized that on the way home and immediately returned to the bank.  The
electronic display did not include the following bank policy:  “You are authorized to make
any inquiries that you consider appropriate to determine if you should open or maintain
the account. This may include ordering a credit report or other report (i.e. information
from any motor vehicle department or other state agency) on me.”

In bold font, it continues: “I have received a copy of the applicable account agreement,
the privacy policy, and the Direct Deposit Advance Service Agreement and Product Guide*
(as each may be amended from time to time) and agree to be bound by their terms. I also
agree to the terms of the dispute resolution program described in the foregoing
agreements. Under the dispute resolution program, our disputes will be decided before one
or more neutral persons in an arbitration proceeding and not by a jury trial or a trial
before a judge.”

Had I been informed of these policies, would never had electronically signed the
agreement.  Never would have agreed to a credit check to open a checking or savings
account.  What for?  Had no intention of borrowing money, just depositing a rather sizable
amount.  Never bounced a check. Never gave Wells Fargo any problems, – until now with this
complaint.  Never would have willingly forfeited the constitutional right to go to court
to resolve a dispute and foolishly agree to binding arbitration.  … Which is nearly always
controlled, manipulated by these exceptionally poorly-regulated corporations that usually
do precisely as they please.  When confronted, Ms. Wright falsely feigned ignorance.  Had
a 'deer in the headlights' facial expression. Had no explanation.

Demanded to talk to the Store Manager.  Ms. Massey informed me the bank was the
government, they could do as they please. Quickly informed her the bank was not the
government, only FDIC insured.  Remains an accurate measure of the Aryan arrogance of
Wells Fargo corporate management, however.  Quickly informed her I would sue should my
privacy be abrogated by a credit or records check.

She offered to cancel both accounts.  Refused.  Had already disclosed personal information
this writer could not recover from this outrageously corrupt and abusive corporation.
Information it would share with anyone it pleased with impunity,  Information it could and
would not protect.  Leading to the next example of egregious deceptive trade practices:

2)When Ms. Wright opened the new accounts, she was immediately able to access all personal
information on the old checking account that had been opened in 1999 and closed several
years ago as earlier stated.  I pointedly asked her what my personal information was still
doing on a Wells Fargo computer network accessible all over the country, as well as the
rest of the world.  Anyone could have obtained that information or hacked the system.  She
had no response.  Neither did the Store Manager.

The account had long since been closed.  That information belongs to me, not the bank.  I
never signed any agreement with Wells Fargo forfeiting my right to my own personal
information.  Yet, there it was. Worse, it included false information that I had never
given the bank.  Refused to give Wells Fargo when the account was originally opened in
1999.  For damned good reason.  Was none of their business, or the government's.

Clearly, the deceptive officer who opened the account years ago made up false information.
Outrageously, filled in the blanks after I left the bank.  Ms. Wright desperately tried to
elicit correct information that I quickly refused to give her.  As a law-abiding citizen,
it's none of the bank's business, none of the government's business.  “Know Your Customer”
policy is an outrageous invasion of personal privacy of innocent citizens, falsely in the
name of “national 'security.'”  Rather it is implementation of a fascist police-state this
writer will never accept, never cooperate with.  The hell with the treasonous, traitorous
USA 'Patriot' Act.

Having received a written bogus policy follow-up from Wells Fargo Legal from Ms. Massey,
she again offered to close the accounts.  I refused and informed her complaints would be
filed against the bank with state and federal authorities.

She subsequently changed the requirements for maintaining a 'free' checking and savings
account.  Interesting, isn't it?  Lowered the minimums required.  Did away with the online
banking requirement.  – The online agreement forced on account holders is worse than the
written one.  More repressive.  More invasive.  She wanted me to re-electronically sign
the agreement.  Refused, since it would have abrogated my right to sue if my privacy is,
or was, invaded or Wells Fargo engages in any further deceptive trade practices.

Without question, Ms. Wright is a brilliant, young, gifted woman.  Who likely knowingly
capitulated to pressure brought to bear by her corporate masters to engage in
self-serving, lucrative deceptive trade practices.  As low woman on the totem pole, she
possibly believed she had no choice.  Conversely, as a seasoned banking veteran, Ms.
Massey has no excuse.  Until rampant deceptive trade practices are effectively addressed
by authorities, there will be no faith or trust in the hopelessly greedy, abusive,
corrupt, arrogant banking community.  Precisely why an increasing number eschew business
with them, – unless forced by personal circumstances.

Should an ordinary Joe or Jane engage in such deceptive practices as the banking industry,
they are rightfully quickly indicted for fraud or worse.  Not so, the banking community.
Rather, it's protected and coddled by authorities. Too big to fail.  This has to change.

For your information, every other bank canvassed in this area is as bad or worse than
Wells Fargo regarding policy.  None are effectively regulated.  None.  Not one of them.
All do as they please.  With virtual impunity.  Convenient isn't it?  Are all in bed with
their 'regulators?'  Certainly, seems so.  Whose money, personal information do they truly
think it belongs to?  Them?  Arrogance, hubris?  Unlimited, endless.  National socialist.

Coup de grace?  A most poignant example of abject corporate cluelessness?  By a corporate
management suite that clearly doesn't 'get it?'  The following outrageously galling phony
propaganda printed on the monthly statement:  “Thank you for being a loyal Wells Fargo
customer.  We value your trust in our company and look forward to continuing to serve you
with your financial needs.”  Is that right?

Who the hell are they kidding?  They're delusional.  They betray their customers,
callously invade privacy, falsely believe they own account holder personal information,
share private information with whomever they choose as long as their pockets are lined,
pay pennies in interest for thousands deposited, release financial information to
government goons without a warrant.

How?  Courtesy of National Security Letters that are outrageously unconstitutional despite
rulings to the contrary by the fascists legislating their perverse ideological views from
the bench in support of their corporate masters.  Insult to injury?  These very same
bankers and others are forced by the very same dictators in government not to disclose to
account holders that they've been betrayed not only by our outrageously corrupt and
abusive government, but the corporate management suite that cowardly complies.  Yet, this
very same corporate management suite gallingly and falsely believes they're 'serving'
account holders.  How?  By betraying the best interests of their customers?  They serve
only themselves,  'Regulators' aid and abet.  A fascist police-state.

While customer service truly stinks, remains non-existent at Wells Fargo, it's as bad or
worse elsewhere.  Precisely, why the banking cartel does as it pleases.  Why?  Because it
can.  If an account weren't needed for legal reasons currently, this bank would be
promptly dumped.

Why is it a United States Treasury Check cannot be cashed at any FDIC-insured bank with
identification without a substantial charge, -- or at all?  That is, some of these
federally-insured banks will not cash these checks.  Why?  One wanted to loot this writer
approximately $300 for the 'privilege' of cashing a check from the government insuring it.
Hubris.  Unbridled greed.  Aryan arrogance.

Upon resolution of these issues by state and federal authorities, kindly be advised
Liberty In Peril will post an expose' on the banking industry and the government's
egregious failure to date to properly regulate it.  Worse?  Failure to correct the abuses,
corruption, deception, and outright fraud repeatedly committed by these banks.  This
letter and all correspondence from you and your agency will be ultimately posted in my
publication.  Redacted as necessary.

Sincerely,
 

Tim Chorney, Publisher
Liberty In Peril
Formerly,
The Llano Ledger
www.libertyinperil.host-ed.me
www.libertyinperil.t15.org
www.libertyinperil.twomini.com
www.libertyinperil.wink.ws
P.O. Box 151
Buchanan Dam, Texas 78609

c: Liberty In Peril