351–360 of 465 posts
I wonder if anyone is keeping score of the fines levied for all their f ckery. Hey, there is! https://violationtracker.goodjobsfirst.org/parent/wells-farg... Current Parent Company Name: Wells Fargo Penalty total since 2000: $22,081,458,643 Number of records: 229
Earlier quoted context omitted.
Who went to jail for these crimes? People lost their houses and their transportation to work. I am all for a corporate death penalty.
Can't we just "put these issues behind us"? Sheesh.
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.
“Wells Fargo is a criminal enterprise masquerading as a bank”
Earlier quoted context omitted.
I don't mean to marginalize your frustration, but I feel like you may have unrealistic expectations. First, you have a tech industry salary, which is probably at least twice as much as the median wage, if not more. Not only is it white-collar work with practically no risk to your physical safety (assuming you exercise, eat right, etc), but monetarily this puts you _way_ ahead of most people right out of the gate. If…
> 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…
The recent run up in housing prices is nothing new, it's happened at least twice before that during my life time.
Earlier quoted context omitted.
> To be completely honest, this is why I'm on HN: doing your own startup is one of the few relatively low risk gambles one can take. This take is relatively…naive Most startups fail and you would be much better off “grinding LeetCode and working for a FAANG” (tm r/cscareerquestions). That’s just like people “starting their own business” and buying a franchise where their net profit is less than $70K a year and that’s…
I disagree on a number of levels, but especially because big tech valuations were propped up by QE over the past 10 years, Tesla being the poster child there. But Amazon, Google, etc. have all been impacted by macro elements. So that “TC” people brag about has been heavily subsidized by the FED. The irony of calling me naive when not even understanding macroeconomic effects is… something.
Earlier quoted context omitted.
I don't mean to marginalize your frustration, but I feel like you may have unrealistic expectations. First, you have a tech industry salary, which is probably at least twice as much as the median wage, if not more. Not only is it white-collar work with practically no risk to your physical safety (assuming you exercise, eat right, etc), but monetarily this puts you _way_ ahead of most people right out of the gate. If…
> First, you have a tech industry salary, which is probably at least twice as much as the median wage, if not more. This is exactly his point. If he can't make it with what he has going for him, who can? > You only options are to accept that and adjust your budget/income/location appropriately, or opt to rent forever, which is not at all a bad thing since owning a primary residence is never an investment. (Although t…
Presumably they are living in a HCOL area, so definitely not indicative of life in America in general.
I know a few folks who live in the mid-west (typically derided as "fly over country") who have blue collar jobs making $70,000 who bought a house in their twenties.
You're not going to get too much sympathy from them when you're making 3-5x their salary and complain you can't afford a $1.5M single family home in the most expensive cities in the US.
Earlier quoted context omitted.
> To be completely honest, this is why I'm on HN: doing your own startup is one of the few relatively low risk gambles one can take. This take is relatively…naive Most startups fail and you would be much better off “grinding LeetCode and working for a FAANG” (tm r/cscareerquestions). That’s just like people “starting their own business” and buying a franchise where their net profit is less than $70K a year and that’s…
I disagree on a number of levels, but especially because big tech valuations were propped up by QE over the past 10 years, Tesla being the poster child there. But Amazon, Google, etc. have all been impacted by macro elements. So that “TC” people brag about has been heavily subsidized by the FED. The irony of calling me naive when not even understanding macroeconomic effects is… something.
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.
Funny enough, about a decade ago, there was an actual account created that I was able to shutdown. Shady.
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…