Remeber Wells Fargo and the banking crisis?
The head of Wells Fargo was fined 17.5 million for his part in the banking scams.Five others from the company are being sued as well for around 37.5 million. The head of community banking for Wells is being sued for 25 million as well as a few other lower rank officers.
While most would say they all need to spend time in prison, hitting them in their pocket books may be the best outcome we could hope for.
The former chief will not be able to work in banking for the rest of his life.... there's some justice.
posted by Jim Pillsbury @ 9:43 AM
2 Comments
2 Comments:
I agree the fines are more important than jail time, but I still think they should do some time in jail
I got screwed in this mess. Make the rich bastards pay
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