Thread regarding Wells Fargo & Co. layoffs

Just watched the Madoff documentary on Netflix…

Guess which bank Madoff ran his multi- billion $ Ponzi scheme through for over 20 years?? JP MORGAN. This is where Charlie has been hiring all our new overpaid execs from?? No wonder we can’t get out from under the Federal Asset Cap.

Please allow me to make a prediction:

Wells Fargo will never get out from under the Federal Asset Cap while under Charlie Scharf’s leadership.

I believe his “dedication to Wells Fargo’s path forward” is a complete farce. The C-Suite knows I’m right.

(I will take a picture of this post and re-post it the day he is replaced or leaves on his own.)

by Anonymous
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Post ID: @OP+1kAaJzsi
Comment! It's anonymous!

8 replies (most recent on top)

IMO, bank execs are all the same. Stumpf, Sloan, Scharf, Dimon, Kovacevich, Thomson etc
They are all willing to violate ethical and legal boundaries if it leads to more money in their pockets.

And no one is saying Scharf is a boogeyman. He would have to do something to earn such a title. I would describe him as a pompous overpaid do- nothing who is going to pull the wool over everyone’s eyes for as long as he can get away with it.

by Anonymous
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Post ID: @xln+1kAaJzsi

So, instead of bashing JPM, you somehow turn this around on WFC. Wow. This is like six degrees of Kevin Bacon.

by Anonymous
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Post ID: @ezl+1kAaJzsi

Charlie wishes he was the ceo of jpm. He was at visa during that era. Jamie dimon has had a monopoly on Jpm leadership for a long time.

by Anonymous
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Post ID: @bav+1kAaJzsi

@twy+1kAaJzsi Charlie? The CEO of JPM? Yeah, no. Get it together, man, and stop trying to make him into the boogeyman of everything.

I’ll also guarantee you that if Madoff walked into WFC looking to do business they would have taken his $$ in a heartbeat.

by Anonymous
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Post ID: @hnq+1kAaJzsi

Umm and also Charlie was the CEO of JP Morgan from 2004 to 2012.. Madoff was arrested in 2008. No one from JP has ever been charged with anything and Madoff had anywhere from 3-6 billion in accounts at JP, if that's not a red flag I don't know what is.

by Anonymous
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Post ID: @twy+1kAaJzsi

Uhhh, if they were just the deposit institution for any of these creeps they would know they were criminal wrong-doers how? If they were actively facilitating the wrong-doing that’s a whole other thing and I’m sure law enforcement would take necessary actions.

It’s like landlords who rent to serial killers. Are you going to blame the landlord for bodies in the closet? No!

by Anonymous
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Post ID: @uyq+1kAaJzsi

Yeah, JPM has been into some seriously criminal stuff recently. Financed Epstein Island activity as well.

by Anonymous
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Post ID: @unt+1kAaJzsi

JP Morgan is by far and away the most corrupt bank out there, they make us look like angels. They even were running money for Epstein even when they knew something was up. How they get away with this stuff year after year is truly something else, the media even provides a lot of cover for them which tells you their corruption is off the charts. We open up empty accounts 10 yrs ago, fire all the employees involved, later all the management and anyone 3 steps away, and we're still in the dog house, absolutely make no sense.

https://www.nytimes.com/2019/08/08/business/jeffrey-epstein-jpmorgan.html

by Anonymous
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Post ID: @ism+1kAaJzsi

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