What's new
By:
USCHO Fan Forum

This is a sample guest message. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

  • The USCHO Fan Forum has migrated to a new plaform, xenForo. Most of the function of the forum should work in familiar ways. Please note that you can switch between light and dark modes by clicking on the gear icon in the upper right of the main menu bar. We are hoping that this new platform will prove to be faster and more reliable. Please feel free to explore its features.

The 114th Congress: Two More Years!

ScoobyDoo said:
http://www.nytimes.com/2016/09/21/b...testimony.html?smid=fb-nytimes&smtyp=cur&_r=0

F the World.
Click to expand...

Personally, I know they started sooner than that, around 2009 or so. My (then 85 YO) Grandmother had a credit card and another account opened in her name. After not finding out about it until the statement arrived, Hell was raised at the local branch, to which the teller closed the accounts so she wouldn't get in trouble with the branch manager. Said she did it only to help her "sales" numbers.
 
Re: The 114th Congress: Two More Years!

aparch said:
Personally, I know they started sooner than that, around 2009 or so. My (then 85 YO) Grandmother had a credit card and another account opened in her name. After not finding out about it until the statement arrived, Hell was raised at the local branch, to which the teller closed the accounts so she wouldn't get in trouble with the branch manager. Said she did it only to help her "sales" numbers.
Click to expand...
2009 is when WF acquired ("merged with") Wachovia, officially. It makes me curious if there's a connection there, if someone in the management chain came over from Wachovia and put the pressure on the sales staff.
 
Re: The 114th Congress: Two More Years!

St. Clown said:
He's the single largest stockholder in a great many companies that people like to hate.
Click to expand...

Yeah...whats your point? People wont all of a sudden like WF because of his minority ownership. He isnt on the board and he certainly had zero to do with it.

I know what you are trying to say but it isnt the owners of WF that are the problem it is the people in charge. (and anyone who knew)
 
Re: The 114th Congress: Two More Years!

Have no fear, Congress will fix the problem...

Earlier this month, Wells Fargo was fined $185 million, including a record $100 million penalty imposed by the Consumer Financial Protection Bureau, for scamming its customers. The CFPB was Warren’s brainchild and was created as part of the 2010 Dodd-Frank financial regulations.

Last week, Republicans on the House Financial Services Committee approved a bill designed to hamstring the CFPB. Senate Majority Leader Mitch McConnell (R-Ky.), who is married to Wells Fargo board member Elaine Chao, is attempting to push a bill with similar terms through the Senate.
Click to expand...
 
Re: The 114th Congress: Two More Years!

Handyman said:
Yeah...whats your point? People wont all of a sudden like WF because of his minority ownership. He isnt on the board and he certainly had zero to do with it.

I know what you are trying to say but it isnt the owners of WF that are the problem it is the people in charge. (and anyone who knew)
Click to expand...

Someone who owns 10% of a company like Wells Fargo has a lot of pull as to how the company operates. Buffett's not on the board, but he certain has the ear of the board, especially with his reputation.
 
Re: The 114th Congress: Two More Years!

St. Clown said:
He's the single largest stockholder in a great many companies that people like to hate.
Click to expand...

I actually read the list in the link I gave. Yeah, you're right.
http://www.cnbc.com/berkshire-hathaway-portfolio/

What's strange is I don't see BNSF in that list. Or does BH own BNSF outright? Either way, I chuckle when I see Buffett support Mr. Obama's anti-pipeline stances when Buffett stands to gain by all that oil instead having to go by rail (like BNSF).
 
The Sicatoka said:
I actually read the list in the link I gave. Yeah, you're right.
http://www.cnbc.com/berkshire-hathaway-portfolio/

What's strange is I don't see BNSF in that list. Or does BH own BNSF outright? Either way, I chuckle when I see Buffett support Mr. Obama's anti-pipeline stances when Buffett stands to gain by all that oil instead having to go by rail (like BNSF).
Click to expand...

Berkshire bought BNSF outright. It's essentially the reason that class B shares were created.
 
Re: The 114th Congress: Two More Years!

St. Clown said:
Someone who owns 10% of a company like Wells Fargo has a lot of pull as to how the company operates. Buffett's not on the board, but he certain has the ear of the board, especially with his reputation.
Click to expand...

So then are you saying that Buffet had anything to do with this...because if you are I want evidence. Otherwise your little factoid means little and honestly it amounts to a Faux News/Gawker clickbait style musing. ("You Wont Believe What Philanthropist Might REALLY Be Behind Wells Fargo's Fraud!!!" )

I gotta say I love how all the "Business First" people seem to hate Buffet. Just because he points out how stupid the system is (and then exploits it) doesnt make him evil...in fact his hypocrisy should make you like him more. Of course he does things that help people too and we know that is truly terrible!!!1!!
 
Last edited:
Re: The 114th Congress: Two More Years!

Handyman said:
So then are you saying that Buffet had anything to do with this...because if you are I want evidence. Otherwise your little factoid means little and honestly it amounts to a Faux News/Gawker clickbait style musing. ("You Wont Believe What Philanthropist Might REALLY Be Behind Wells Fargo's Fraud!!!" )

I gotta say I love how all the "Business First" people seem to hate Buffet. Just because he points out how stupid the system is (and then exploits it) doesnt make him evil...in fact his hypocrisy should make you like him more. Of course he does things that help people too and we know that is truly terrible!!!1!!
Click to expand...

First, I don't hate Buffett in the least. I just think that with a man who has as many resources available to him as he does, when he speaks to any sort of political issue we need to take a long, hard look at what his motivations might be and then decide whether or not his recommendations are at all self-serving. (More often than not, he gets a benefit from whatever new initiative or bill he's supporting.) Second, if Buffett had anything to say about this situation at all to the Board, he wouldn't have had it go on the record; it would've been a phone call with one of the members, perhaps even Stumpf.
 
Re: The 114th Congress: Two More Years!

St. Clown said:
First, I don't hate Buffett in the least. I just think that with a man who has as many resources available to him as he does, when he speaks to any sort of political issue we need to take a long, hard look at what his motivations might be and then decide whether or not his recommendations are at all self-serving. (More often than not, he gets a benefit from whatever new initiative or bill he's supporting.) Second, if Buffett had anything to say about this situation at all to the Board, he wouldn't have had it go on the record; it would've been a phone call with one of the members, perhaps even Stumpf.
Click to expand...

What are you running for office...talk about a non-answer. That is one step above a Glen Beck smear musing. "I am not saying he did it, but there is no evidence he DIDNT so where there is smoke there could be fire!!"

WB is a businessman like anyone else. I am sure he does all sorts of seedy shady stuff that I would find deplorable. That doesnt mean every company he has a large amount of stock in that does something illegal and fraudulent has anything to do with him. Linking him to this is hyperbolic at best and academically dishonest.
 
Re: The 114th Congress: Two More Years!

Handyman said:
What are you running for office...talk about a non-answer. That is one step above a Glen Beck smear musing. "I am not saying he did it, but there is no evidence he DIDNT so where there is smoke there could be fire!!"

WB is a businessman like anyone else. I am sure he does all sorts of seedy shady stuff that I would find deplorable. That doesnt mean every company he has a large amount of stock in that does something illegal and fraudulent has anything to do with him. Linking him to this is hyperbolic at best and academically dishonest.
Click to expand...

I didn't link Buffett to the WF issue, just followed the thread of another who linked him, saying that he owns a lot of companies that people like to hate. It would've ended there if you hadn't ran with it.
 
You must log in or register to reply here.
Back
Top