Thursday Sept 15, 2016
In the wake of the $185 M find, the US Attorney's office
are deciding whether to pursue civil or criminal lines against the bank. Subpoenas have been issued. A criminal investigation would raise the stakes for WFC well above a civil trial. Now we learn that WFC has fired some 5,300 employees for such practices over the last five years. Sumpf faces the Senate Banking Committee Tuesday where Elizabeth Warren lies in wait to pounce on the very kind of practice she abhors among banks.
Stay tuned….
Professor Elam 
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