News Update: Wells Fargo CEO: Bank Customers Will Bear Burden Along With Bank for Financial Reforms

Friday, July 30th, 2010

Wells Fargo CEO John Stumpf, speaking out on the U.S. financial reform bill, said bank customers will bear a financial burden for new regulations on financial firms that deal with services ranging from credit cards to home loans. Wells Fargo shares are down 0.93%, or $0.26, to $27.81.
Duration : 0:0:35

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The Risk of Long Term Economic Depression Continues to Grow

Wednesday, July 21st, 2010

Barack Obama has spent all of Americas needed wealth savings during the hardest of economic times in a risky spend on government until we have no more savings plan. Do you write checks when your account is empty? Take the credit card away from the imbicile and put it away. Stop spending! Cut all government [...]

News Update: Bank of America, Wells Fargo, JP Morgan Chase Down on Forecast for Lower Sales

Tuesday, June 29th, 2010

Jun 29, 2010 — Bank of America (BAC), Wells Fargo (WFC) and JPMorgan Chase (JPM) may lose $1.38 billion in annual revenue from the proposed cap on credit card swipe fees being considered by the U.S. Congress, Moody’s Investors Service said in a report, according to Bloomberg. 

Shares of all three were down. WFC was [...]

Wells Fargo Takes It All

Saturday, May 22nd, 2010

Wells Fargo stripped our accounts dry. We were on a “Re-age” on one of our credit cards, that is, we were making consecutive payments… or trying to make them as it is difficult to abide by an agreement with a bank when they will NOT provide any documentation for that agreement. Wells Fargo [...]

House Finance Panels Rips Bankers 02/11/09

Saturday, May 8th, 2010

FUNNY! This clip is focused on Rep. Michael Capuano who rips into America’s biggest bankers for all the risky investment vehicles they created and lost huge sums of money on. No mention if Mr. Capuano was involved in the de-regulation that led to the creation of those financial instruments. Do you know? Details [...]

Senator Sanders Unfiltered: Real Financial Reform, Now!

Friday, May 7th, 2010

As a member of the House Financial Services Committee, this is what I said on the floor of the House in 1999 as I voted against the major bank deregulation bill: This legislation, in its current form, will do more harm than good. It will lead to fewer banks and financial service providers; increased [...]

Foreclosures Sacramento, Anatolia April 2010

Wednesday, April 14th, 2010

CALIFORNIA MELTDOWN – April 12, 2010.. More evidence of the economic collapse in Northern California. Residential real estate developments blighted by foreclosures and short sales. I counted 1 in 3 houses in this development abandoned or in the foreclosure process. Who is going to buy them? Not enough buyers, even at these [...]

Wells Fargo and Visa Rollout Rapid Alerts

Wednesday, April 7th, 2010

For Credit Cardholders
Text Message Alerts Offer Early Warning System for Potential Fraudulent Activities
Peter Ho, Vice President and Product Manager at Wells Fargo Card Services
BACKGROUND:
Wells Fargo & Company and Visa have just announced the rollout of Rapid Alerts for Wells Fargo VisA Credit Cardholders. The service enables consumers to better manage and track their spending [...]

California Real Estate Crash Crisis Meltdown – Abandoned residential developments March 28, 2010

Wednesday, March 31st, 2010

CALIFORNIA MELTDOWN – March 13 2010.. More evidence of the economic collapse in Northern California. Residential real estate developments empty and abandoned and bankrupted builders. The Sacramento area has been particularly hard hit. Latest figures released quote 13.1% unemployment in the Sacramento area. They just kept on building and building… who did they think was [...]

Wells Fargo misleading information

Saturday, March 27th, 2010

Wells Fargo Deceptive practices concerning credit card customers
Duration : 0:3:46

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