Democratic Underground - Seriously. You Were Lied to About the Wells Fargo Employee Recognition Trip

Seriously. You Were Lied to About the Wells Fargo Employee Recognition Trip [View All]

PBS Poll-435

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Wed Feb-11-09 01:41 AM
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Seriously. You Were Lied to About the Wells Fargo Employee Recognition Trip

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Edited on Wed Feb-11-09 01:58 AM by PBS Poll-435

From my DU Journal 2/3/2009:

Wells Fargo Balance Sheet (For the period ending 12-31-08

Wells Fargo Income Statement (For the period ending 12-31-08)

I can not believe the rabid frenzy over This.

Wells Fargo makes a hefty profit. They pay their taxes (Nearly 1.9 billion on 2008 earnings.) They did not want TARP money. They did not need TARP money. Their bank, unlike a certain "C" bank, who will go nameless, didn't need to prop up their image (and avoid a run on their deposits...)

It was forced on them by Paulson. The US Government is the main beneficiary, not Wells Fargo.

Wells Fargo paying $371.5 million {in dividends} to the US Government

If they want to spend some of their profits on a Sales and Service Conference for its employees in Las Vegas, then who gives a flying fuck?

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Seriously. You Were Lied to About the Wells Fargo Employee Recognition Trip [View All]