Saturday, October 1, 2016

Wells Fargo

The culture of many large companies are corrupt. Usually these same companies rail against government regulation which makes sure that they obey the rules and laws.

This past week we found out that Wells Fargo, America's largest bank was opening millions of fake accounts for people that did business with WF but did not want to have those accounts. The accounts generated millions of dollars in fees for the bank.

We also learned that WF was repossessing cars financed through the bank of soldiers who were overseas fighting in Iraq or Afghanistan. This is a violation of Federal Banking regulations designed to help soldiers who many not be in a position to send a check to the Bank.

Wells Fargo paid over $100 million in fines to get Government to leave them alone.

This is not American Capitalism...It IS fraud.

Just so you know: In the almost 40 years that we have been in business, we have never hurt a patient for money or took money from patients that we did not earn honestly.