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(Des Moines Register)   If you were one of the 5,500 Wells Fargo employees who was recently laid off, take comfort knowing that because of your sacrifice the company was able to post record earnings   ( blogs.desmoinesregister.com) divider line
    More: Asinine, account of profits, mortgage refinancing, comfort, West Des Moines, Wells Fargo, U.S. Bancorp  
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1807 clicks; posted to Business » on 11 Oct 2013 at 2:54 PM (4 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

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2013-10-11 04:10:26 PM  
1 vote:

HotIgneous Intruder: Yay banks!
Yay capitalists!

/Fark Wells Fargo - Wachovia.

i pulled my money out of Wachovia bank (later bought out by wells farko) right after the 2008/09 wall street bank stunt,  and put it in a Federal Credit Union.

and i've never since looked back.   very happy with my choice.  now, i don't have to feed f*cking stockholders any of my money.
2013-10-11 03:44:26 PM  
1 vote:
People keep mentioning "trickle down".  The only time I ever felt something like that I spun around and kicked that dog as hard as I could.
2013-10-11 03:38:07 PM  
1 vote:

Fark_Guy_Rob: I really don't understand this mentality that so many people seem to have.  'A company is profitable, therefore, employees can't be fired!'

Well you see, rich people create jobs. The corollary to this is that the richer they are, the more jobs they create.

It makes no sense that a company can make more money, and make someone richer, without jobs being created.

I can only speculate their taxes were too high. We should probably lobby congress to lower them.
2013-10-11 03:32:20 PM  
1 vote:
Well, it's lazy, reckless, and ultimately self-defeating.  But it does raise revenue and shareholder "value."

Feel the trickle down, folks.
2013-10-11 03:25:06 PM  
1 vote:
lots of tricklin' going on.

just remember, tax cuts for the rich create jobs.

lol    schmucks.
2013-10-11 03:14:43 PM  
1 vote:
Ivory back scratchers for the entire board?   Ivory back scratchers for the entire board.
2013-10-11 03:06:11 PM  
1 vote:
Employees don't make the company happen, employees are an annoying cost. A liability that needs to be eradicated. If every company did away with these "employees", they would save millions to distribute to lottery-winning upper executives.

We'll get there someday. For now though, we can only cut bit by bit. Soon though, every company will gloriously be employee-free, and will finally be able to make the board even richer. It will be paradise.
2013-10-11 03:03:04 PM  
1 vote:
Earnings report is from 2nd quarter.   3rd quarter the mortgage side tanked.   4th quarter Subby reads article.
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