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Wells Fargo to pay $3.7B for mistreating customers

finance.yahoo.com

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Re: Wells Fargo to pay $3.7B for mistreating customers

#51

Post by aschearer »

Meekro wrote: post #38
obblekk wrote: post #9

I feel so much cognitive dissonance realizing that there are hard working people literally losing their home and shelter wrongly while I might be sitting across from them at any time, expecting them to behave within normal social boundaries. Imagine a family with a new born, working 50+ hours at a physically demanding job, making $80k/yr combined, and then losing their home for no reason... and then being expected to…

I get what you mean, but what's the alternative? How should you behave if you're exempt from normal social boundaries because of your personal tragedy? Shout at random people? Throw things? Punch some guy in the face? Seems to me it's better to try and be kind, and treat others right despite your horrible situation. The person you're treating cruelly because of your personal trauma could easily be going through a tra…

No clue why you're being downvoted, what you say is the correct response. Suffering is all around us and deep, but that's not license to inflict more of it on others.

Re: Wells Fargo to pay $3.7B for mistreating customers

#53

Post by JumpCrisscross »

obblekk wrote: post #9

I feel so much cognitive dissonance realizing that there are hard working people literally losing their home and shelter wrongly while I might be sitting across from them at any time, expecting them to behave within normal social boundaries. Imagine a family with a new born, working 50+ hours at a physically demanding job, making $80k/yr combined, and then losing their home for no reason... and then being expected to…

> then losing their home for no reason

Do we have more detail on how these homes were lost? It sounds like Wells Fargo refused, improperly, to modify a mortgage.

Re: Wells Fargo to pay $3.7B for mistreating customers

#54

Post by hotpotamus »

kodyo wrote: post #47
supernova87a wrote: post #37

After so many incidents with Wells Fargo, doesn't this point to something deeply ingrained in that company's culture? Such that even executives cannot change something about the system at the company that they have created? There must be some bad, little, everyday incentives permeating working at WF that causes the people there to produce these bad behaviors year after year. You can blame and change the execs, but th…

There is nothing forcing anybody to bank with Wells Fargo. Their customers are clearly content, because they're still Wells Fargo customers. Edit: shit, someone else pointed out that they buy mortgages. Nevermind.

A previous company I worked for also used them for 401Ks, but I believe they've since sold off that business unit.

Re: Wells Fargo to pay $3.7B for mistreating customers

#55

Post by sophacles »

mbg721 wrote: post #12
obblekk wrote: post #9

I feel so much cognitive dissonance realizing that there are hard working people literally losing their home and shelter wrongly while I might be sitting across from them at any time, expecting them to behave within normal social boundaries. Imagine a family with a new born, working 50+ hours at a physically demanding job, making $80k/yr combined, and then losing their home for no reason... and then being expected to…

The fact that people experience this and then somehow don't say "burn it all down" is miraculous.

They often do say "burn it all down".... But in the process of losing their home and car they end up homeless or in public housing. Since "everyone" knows folks on the streets and on welfare/assistance programs are just scum who are gaming the system to take away what hard-working, honest people earn (in the form of taxes), their pleas are ignored.

Ever wonder why the rich folks are often the loudest about that sort of framing? It's (in part anyway) because it lets them get away with the sort of shenanigans Well's Fargo just got slapped on the wrist for.

Re: Wells Fargo to pay $3.7B for mistreating customers

#56

Post by googlryas »

willcipriano wrote: post #13

My father taught me that if you are going to steal from someone you never steal his tools or his vehicle, because those are the means he uses to make a living and you dont want to be responsible for his kids going hungry. Given this history of Wells Fargo this isn't a one off accident. It's often said but people really need to go to prison for this, not club fed either, send them to be with the other carjackers.

A hierarchy of things to steal is a weird father-son lesson I must say.

Re: Wells Fargo to pay $3.7B for mistreating customers

#58

Post by mrtksn »

obblekk wrote: post #9

I feel so much cognitive dissonance realizing that there are hard working people literally losing their home and shelter wrongly while I might be sitting across from them at any time, expecting them to behave within normal social boundaries. Imagine a family with a new born, working 50+ hours at a physically demanding job, making $80k/yr combined, and then losing their home for no reason... and then being expected to…

I have a question, do people really protest in designated areas in the US? I know sometimes there are riots but from what I can see on the media it looks like people gather somewhere close to the subject and chant and wave banners.

I find it strange because in Europe the norm is to disturb the daily life. Farmers spray policemen with milk, train operators stop working, the younger and more anarchist ones burn cars and clash with the police, the more pacifist ones tie or glue themselves to something making a huge scene.

Re: Wells Fargo to pay $3.7B for mistreating customers

#59

Post by pksebben »

willcipriano wrote: post #21
obblekk wrote: post #9

I feel so much cognitive dissonance realizing that there are hard working people literally losing their home and shelter wrongly while I might be sitting across from them at any time, expecting them to behave within normal social boundaries. Imagine a family with a new born, working 50+ hours at a physically demanding job, making $80k/yr combined, and then losing their home for no reason... and then being expected to…

I'm reminded of this song by the late Trevor Moore: https://m.youtube.com/watch?v=TMHCw3RqulY

what an incredible loss. he was a national treasure.

Re: Wells Fargo to pay $3.7B for mistreating customers

#60

Post by [deleted] »

phaedryx wrote: post #29
theandrewbailey wrote: post #5

I don't understand why anyone still does business with Wells Fargo.

A story from when I was in college: My backpack got stolen and it had my checkbook in it. I went into Wells Fargo (I became their customer because they bought my regular bank) to figure out what to do. I was told that I had to close my account (connected to the checkbook) and open a new one. Kinda weird, but I went with it. They sent me a new checkbook and new ATM card. Landlord only took payment with checks so I wro…

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