Friday Nov 4, 2016   WFC Moral in Collapse. Employees feel that the brass blamed the entire affair on lower level employees absolving themselves of responsibility. This is not surprising as Stumpf glides into the sunset girded with tens of millions in option and stock rewards. What about the 5,000 earning less than $65K who…

Thursday Nov 3, 2016 We have regularly updated the worsening ethical situation at Wells Fargo. Now we learn that WFC is being investigated by the SEC. Or as Ed McMahon used to say to Johnny Carson, how bad is it? The fake account mess, combined with ongoing scrutiny of Wells Fargo's mortgage tactics, has forced…

Wed Nov 2 2016 The Dems cannot win at the ballot box on their policies.So they take Republican winners to court trying to make life so difficult they will resign rather than deal with troubles like they are causing Tx Atty General Ken Paxton Yes really consider Newt Gringrich Tom DeLay Sarah Palin Scooter Libbey…

Wed Oct 26, 2016 One third of WFC clients may be headed out of the bank, the recent revelations confirm what they have long complained about. This is a great example of how ignoring social mood can lead to disaster. How social mood shapes financial and accounting markets is my research interest. This is a…

Wed Oct 26 2016 The Good Housekeeping magazine also once issued its Good Housekeeping Seal of Approval. But then it finally came out that unless a company advertised in the magazine, one would not get approved. Now the Better Business Bureau appears to be doing the same thing. Take a look!

Tuesday Oct 25, 2016 Former PA Atty General Kathleen Kane was sentenced to 10-23 months on nine couints. Perjury, obstruction of justice, leaking grand jury document5s all to embarrass a political foe and for lying about it under oath. Note it is the lying about it under oath that so often brings people down.

Thursday Oct 20 2016   When Johnson and Johnson discovered a very few bottles of tylenol had been poisoned, they reacted quickly. The firm removed every existing bottle in the USA. Expensive,no doubt but cheap in the long run. That action is widely admired in ethics texts as a prompt response to a life threatening…

Tuesday Oct 18, 2016 An alert Tamusa student spotted this latest article about the WFC affair. "Left unchecked, the inevitable outcome shall be one of professional and reputational damage, consumer fraud and shareholder lawsuits, coupled with regulator sanctions," the letter warned.   Stumpf claimed he knew nothing until 2013. But the letter is dated  2007.…

Thursday Oct 13, 2016 I disagree with the WSJ, perhaps Stumpf was successful at making money but the money of his depositors was not safe inside his bank. The bank targeted its own customers charging fees without permission. WSJ Editorial on Stumpf The political class got its second ritual sacrifice for the sins of Wells…

Thursday Oct 6, 2016 Here is another by product of out sourcing our tax work external to the US. Now fraudsters in India are preying on gullible US taxpayers. In possession of enough information to make them see genuine, calls are made demanding tax payments from US citizens. My wife showed me a you tube…