"We decided to go on an adventure through the financial statements of one bank
[Wells Fargo], to explore exactly what they do and do not show, and to gauge whether it is possible to make informed judgments about the risks the bank may be carrying. We chose a bank that is thought to be a conservative financial institution, and an exemplar of what a large modern bank should be."
posted by vidur
on Jan 14, 2013 -
We Will Survive Capitalism!
flash mob with US Uncut [previously]
and the Brass Liberation Orchestra
Previous BLO flash mobs include Bad Hotel [previously], Operation Hey Mackey [previously], and "PAY UP!" (demanding Bank of America pay their taxes). Speaking of BofA, in San Francisco on Thursday activists turned every Bank of America ATM in the city into an Automated Truth Machine, using special non-adhesive stickers designed to look exactly like BoA’s ATM interface. But instead of checking and savings accounts, these new menus offered a list of everything BoA customers’ money is being used for, including investment in coal-fired power plants, foreclosure on Americans’ homes, bankrolling of climate change, and paying for fat executive bonuses. [more inside]
posted by finite
on Jan 15, 2012 -
Is laundering Mexican drug cartel money
too big too fail? Wachovia/Wells Fargo are discovered to be laundering many many billions of dollars. As in $380,000,000,000
. Charles Bowden, in a recent interview
with Amy Goodman, discusses the everyday reality of what life is like in the border town of Ciudad Juarez, and his most recent non-fiction account of the "Global Economy's New Killing Fields", in the just published book Murder City
. Meanwhile, the drug violence now involves car bombs
in Ciudad Juarez, the city across the border with El Paso. Guns go out of America, and drugs come in. [more inside]
posted by tarantula
on Jul 20, 2010 -
The Catch with Wells Fargo's Share Builder
Some of you may have seen Wells Fargo's ads touting $4 per transaction and unlimited transactions for $12. The main catch is that you cannot trade every day. From their FAQ- "ShareBuilder trades can be made the first, second, third or fourth Tuesday of each month. You select which day you would like your trade to take place when setting up your ShareBuilder Plan. In the event of a month with five Tuesdays, no ShareBuilder trades will take place on the fifth Tuesday."
When the rest of the world is going to real-time trading, why do you think Wells Fargo is pushing this? Do you think it is deceptive that this is not mentioned up-front?
posted by SandeepKrishnamurthy
on Dec 12, 2001 -