The main thing people at Wells Fargo did wrong was to commit fraud so simple that even someone in Congress could understand it. $WFC
I sure wish poser @SenWarren would really go after the head of the snake, the Fed, or at least take on all the much worse TBTF banks that make $WFC look like an amateur. https://www.bloomberg.com/news/articles/2019-02-22/why-wells-fargo-s-ceo-is-harder-to-replace-than-warren-suggests
Congress loves this. It's a very simple thing that even they understand, and they look like they're fighting for small depositors. LOL.
By the way, we had hearings like this 6 years ago or so, where Congress yelled at bank execs. It was all a dog and pony show.
You can follow @RudyHavenstein.
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