Wells Fargo to pay $3.7B for mistreating customers

Post by sidewndr46 » Tue, Dec 20, 2022, 10:32 PM UTC

nerdponx wrote: post #152

sizzle wrote: post #139

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I can’t even afford a home right now on a tech salary with sky high rent paying off my landlords 2% refi’d mortgage and student loans making it impossible at 6-7% fed interest rate hikes and inflated home prices after the insane COVID housing price bubble increase. I feel like life won’t start for another 5+ years for people like me, unless we gamble on being underwater on an inflated mortgage entering at the peak of…

Same here. I wasn't financially prepared to buy a house at insanely inflated Covid prices while interest rates were down in the 2% range, and I'm not excited to to buy a house at 7% while prices are still substantially higher than pre-Covid levels. Meanwhile rentals for anything other than a tiny box are just as expensive as a mortgage at those rates. I don't understand how people who do not have 6-figure tech salari…

Post by water554 » Tue, Dec 20, 2022, 10:33 PM UTC

pxc wrote: post #189

azemetre wrote: post #120

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I'm sorry but if one thing America should have learned over the last six years is that the two parties are nothing alike, equating them as the same and making a poor faith effort that voting is useless is extremely moronic.

Neither party is willing to solve homelessness by actually fucking housing people , and you're calling a homeless person a moron because their assessment of the two parties which, to avoid disturbing the existing economic order, mutually assent to that permanent state of crisis , doesn't include enough conciliatory language for you about how Orange Man Bad? Jesus Christ.

Post by jimt1234 » Tue, Dec 20, 2022, 10:34 PM UTC

sitkack wrote: post #173

runako wrote: post #150

Wells Fargo is the worst repeat offender in American consumer financial services. There should be serious discussions around withdrawing their banking license. It's incredibly difficult to get a banking license in this country, and it does not serve the public good to have this predatory institution operating under the aegis of the American government. Pull their license, let some new entrants into the market.

Who went to jail for these crimes? People lost their houses and their transportation to work. I am all for a corporate death penalty.

Post by humanizersequel » Tue, Dec 20, 2022, 10:35 PM UTC

klyrs wrote: post #123

LastTrain wrote: post #110

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My dad told me not to steal.

Quoted post unavailable.

Post by dvt » Tue, Dec 20, 2022, 10:38 PM UTC

Merad wrote: post #206

dvt wrote: post #198

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> Since you asked for it, my advise is to live well under your means, save aggressively, set goals, and never stop learning. If you want to challenge yourself, look into a concept called "early retirement." Good luck. Ah yes, glamorizing the hustle. You'll surely make it if you just "work hard enough," wink wink. Working a 9-5 career is (and has been) a net negative ROI for at least 2 decades, if not more. To be comp…

> [...] doing your own startup is one of the few relatively low risk gambles one can take. I was under the impression that around 90% of startups failed. Was I mistaken, have the numbers changed, or do we just have very different thresholds for "low risk"?