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(CNN)   Sen. Warren wants the Fed to break up Wells Fargo for continuing to rip off consumers. If that doesn't work, maybe that woolly mammoth company could try to bring back the James-Younger Gang   (cnn.com) divider line
    More: PSA, Bank holding company, Federal Reserve System, Holding company, Wells Fargo's status, Wells Fargo, Holding companies, recent years, Wells Fargo's top priority  
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282 clicks; posted to Business » on 14 Sep 2021 at 7:32 PM (5 days ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



8 Comments     (+0 »)
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5 days ago  
They could reintroduce banking at the USPS as a way to undercut them.
 
5 days ago  
And for what? For a little bit of money. There's more to life than a little money, you know. Don't you know that? And here ya are, and it's a beautiful day.

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5 days ago  
Well, the problem is that shutting WF down and selling  off its assets is just going to make the banking oligopoly in the US that much worse.

Maybe separate the retail and commercial/investment operations and let Robin Hood set a value on them.

/ jk.
 
5 days ago  
Works if you can get past the minor irony that the government made WF that big by making them buy Wachovia when it was collapsing.
 
5 days ago  
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5 days ago  
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4 days ago  

2fardownthread: Well, the problem is that shutting WF down and selling  off its assets is just going to make the banking oligopoly in the US that much worse.

Maybe separate the retail and commercial/investment operations and let Robin Hood set a value on them.

/ jk.


Headline talks about breaking it up. Where are you getting the idea of shutting it down and selling it off?
 
4 days ago  
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