Even more proof that capitalism and our form of government is the best in the world in that by far, the wealthiest poor people in the world live in the U.S. The lies about trickledown economics hurting "disadvantaged," people, isn't true. The fact is we can accomplish amazing things because people above us are increasing the size of the pie so to speak. They expand our opportunities.
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The story began back in 2016, when it was discovered that Wells Fargo, the country’s third largest bank, was creating millions of fake bank and credit card accounts on behalf of real existing customers. Those fake accounts cost millions in fraudulent fees and were used by Wells Fargo employees to boost sales targets and hit bonus goals. And…It wasn’t just a few rogue employees taking part in this illegal activity. Over 5,300 people were fired for taking part in the fraud – that’s two percent of their entire workforce.
According to investigators, the bank would simply fire individuals as they were caught but didn’t put new guardrails in place to prevent the same problems from happening again and again. At the time, Wells Fargo agreed to pay $185 million in fines, and the story seemed over - but it turns out that was just the tip of the iceberg, and it appears that Wells Fargo will be paying fines and other fees at a price of over $1 billion dollars. According to investigators, Wells Fargo has also engaged in a number of other illegal activities. They had been charging customers for bogus mortgage fees, telling them they’d missed deadlines that weren’t real, and over half a million customers were enrolled in car insurance they didn’t want or need, while up to 20,000 people had their cars repossessed because they defaulted on loans in large part due to unnecessary costs charged by the bank. They even wrongfully foreclosed on thousands of homes after misapplying mortgage payments. Sickening. A school system in Indiana was caught sending anti-parent propaganda solidifying their pursuit to indoctrinate children under the age of 10, with sexually explicit LGBTQ material and to provide these minors with confidentiality agreements so the teachers don't have to share information about their students with these children's parents. How sick is that?!
I just saw a report that showed 32.23% of voters believe that the Biden Administration's release of a known terrorist in order to retrieve a basketball player who was caught with drugs, is a good thing. A Libyan man accused of making the bomb that killed 270 people after it blew up Pan Am flight 103 over Lockerbie in Scotland in 1988 is in custody in the United States. I'm not going to waste my time explaining why these people are idiots, just believe me when I say: "They're idiots!"
The White House has been challenged once again to prove that President Biden has visited our southern border like they say he did. They continue to repeat the lie without ever proving it is the truth. We live in a strange new world where the truth has no seat at the table in the Democratic Party.
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Author: John Mann |
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