Saturday, June 9, 2018

A Bank That Robbed Itself

In 2016, a huge Wells Fargo scandal broke. The bank had robbed many of its customers by secretly creating false accounts and charging them fees on those accounts. Despite the bank being forced to reimburse its customers the CEO received a 36% raise to $17.6-million. In recent months, the bank revealed it has been defrauding customers on auto and home loans.

Wondering why this happened, I asked famed Professor Dr. Willis Blunderfield.

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