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Wells Fargo CEO Forced Out Over Scam Customer Accounts

Livinglies's Weblog

What is important to recognize is that the presumptions from the bench that the banks would not intentionally commit crimes or violations is wrong. It is important because all legal presumptions are predicated upon the supposition of trustworthiness of the party proffering evidence. This presumption is wrong. The banks have been fabricating accounts, “business records” and claims for years throwing the mortgage market and the economy into a deep recession from which we have still not recovered. We can;t recover until the fraud stops.

see http://www.nationalmortgagenews.com/news/compliance-regulation/wells-fargo-ceo-john-stumpf-steps-down-1088708-1.html

It was the CFPB who uncovered this fraud committed by Wells Fargo. AND by the way the CFPB was NOT ruled unconstitutional. The judge merely declared its structure to be unconstitutional because it was not subject to proper oversight. The same judge in the same opinion said that the agency would continue under oversight of the President.

The well-publicized case of Wells Fargo misconduct…

View original post 406 more words

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