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  • Current Event
    2 years ago
    by Chubros
    +37 +1

    Lawmakers: Wells Fargo a 'criminal enterprise' like Enron

    Wells Fargo CEO John Stumpf is running "a criminal enterprise" and should be fired or even jailed, several members of Congress claimed. Rep. Michael Capuano on Thursday said the Wells Fargo (WFC) scandal and the people who lead the bank reminded him of "the guys who ran Enron," evoking a company that was found guilty of massive financial fraud.

  • Current Event
    1 year ago
    by Apolatia
    +15 +1

    Gordon Brown: Bankers should have been jailed for role in financial crisis

    Gordon Brown has claimed bankers should have been jailed for their fraudulent and dishonest behaviour during the financial crisis that led to Britain’s deepest post-war recession and his defeat in the 2010 general election. The Labour former prime minister used the second extract from his memoirs to warn that the failure to take a tougher line with wrongdoing – as pursued by other countries – has made it inevitable that rogue bankers will again gamble with public money.