Wells Fargo: A History Of Fraud & Deception
发布时间 2022-01-14 20:00:01 来源
摘要
Wells Fargo is one of the largest and most well-known banks in the world. And given that they manage $2 trillion and have been around for nearly 200 years, this is not that surprising. However, what might be surprising is that Wells Fargo is one of the most despised banks in the world. In fact, some sources suggest that Wells Fargo is the most despised bank in the world and the 2nd most despised company in America. This is quite ironic given that Wells Fargo garnered a lot of their fame and status due to their excellent performance during the great depression. However, Wells Fargo was not able to put up a similar performance during the 2008 financial recession and they ended up getting a $25 billion bailout from the Federal Reserve. On top of this, Wells Fargo would get entangled in a massive scandal right after the recession regarding fake bank accounts and credit cards. This video explains the story of Wells Fargo and how Wells Fargo became one of the most despised banks in the world.
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Timestamps:
0:00 - Wells Fargo
1:00 - Starting With A Bailout
3:46 - Smooth Sailing
6:30 - Hole In The Reputation
8:34 - Fraud After Fraud
10:42 - Wells Fargo Today
Resources:
https://pastebin.com/zEVjPxg7
Thumbnail Credit:
https://nyti.ms/3HLqZsk
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