Friday, September 30, 2016

Wells Fargo Banking Fraud Collapse Update

Back in May, I put Wells Fargo bank at the top of my list for banks to fail in 2016/2017.  If you've been paying attention, they're mired in controversy over the (illegal) fraudulent deals they concocted to prop up their business and financials.

Will top officials of this failing bank be thrown in to jail? Don't hold your breath!

Will their share price take an irreversible hit? Not with all the market manipulation (and more fraud) available to execs merely for the asking! (Note, I'm not saying that their share price hasn't taken a hit and won't take further hits, but it can be manipulated).

Will there be more downsizing of the company and mass layoffs? This is the most likely outcome (isn't it always the case?)

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