Hillary Clinton Writes Open Letter to Wells Fargo Customers

[riversedge]

Source: nbcnews




Sep 20 2016, 12:13 am ET
Hillary Clinton Writes Open Letter to Wells Fargo Customers

by Monica Alba

Democratic presidential nominee Hillary Clinton released an open letter on Tuesday to Wells Fargo customers who were the victims of "widespread illegal practices," saying she was "deeply disturbed" by revelations earlier this month that bank employees created sham accounts for personal gain.
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In the letter, Clinton also lays out her plan for addressing this type of misconduct. Specifically, she wrote that she would defend the Consumer Financial Protection Bureau and "enhance accountability" on Wall Street.

"Executives should be held individually accountable when rampant illegal activity happens on their watch," she argued. "Their compensation should take a hit if their companies pay major fines. And they must face appropriate legal consequences if they break the law." ...........................
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"He owes all of you a clear explanation as to how this happened under his watch," Clinton wrote, adding: "There is simply no place for this kind of outrageous behavior in America." ..............

Read more: http://www.nbcnews.com/politics/2016-election/hillary-clinton-writes-open-letter-wells-fargo-customers-n651021

[onehandle]

1. But I got 'An important message from John Stumpf, Wells Fargo CEO'

To paraphrase it read:

'Hello Sucker! I still got my job!'

Doesn't that cover it?

[bucolic_frolic]

2. Workin' It

Use every angle, be on the side of voters, this is the way it's done

Obama did it, remember those populist speeches?

[DarthDem]

3. Both Deeply Felt and Smart Politics

Very impressive.

[AlbertCat]

4. “.....what caused the risk that led to the collapse came from institutions that were not big banks,”

Hillary Clinton Lets Big Banks Off the Hook for Financial Crisis
The Democratic front-runner has not been nearly as critical of large financial institutions as some in her party.

http://www.bloomberg.com/politics/articles/2015-10-02/hillary-clinton-lets-big-banks-off-the-hook-for-financial-crisis



Just a reminder.

[ciaobaby]

7. There is apparently only one Elizabeth Warren.

[aggiesal]

5. "There is simply no place for this kind of outrageous behavior in America."

Who's kidding who?

Of course this is the place for this kind of outrageous behavior,
because they know nothing will happen.
It only looks bad. If they hadn't been caught, they would continue doing it.

Even these hearings is going to produce nothing because the Republicans
don't want any oversight or regulations.

[sarcasmo]

6. Pretty sure it's easy to get a loan from Wells Fargo this month.

[Moostache]

8. I will give Hillary this...better late than never, NOW FOLLOW THROUGH!!!

Here is another example of how Hillary inadvertently (and most of the time inexplicably) plays right into the public albatross of her being "untrustworthy".

She is a huge benefactor of Wall Street - through campaign funds and direct funding of her lifestyle post-White House, pre-Senate and again on the speaking circuit. She cannot just SAY this kind of malevolent business practice must end, she MUST END IT! To do any less only reinforces the ginned up haters to believe that she is a fundamentally dishonest person. She cannot have it both ways on this...it is time to tell the bastards on Wall Street that while the rules may not have been sufficiently changed to shut them down, make no mistake, the party is OVER.

I anticipate a Hillary presidency, I am still optimistic that this country will not go to the polls and elect a Talking Yam...but for that win to have lasting meaning, for the win to be non-pyrrhic and to affect society moving forward, Hillary has a monstrous task ahead of her...first beat the Yam, then beat the GOP butt-hurt congress, THEN get re-elected while taking back the House in 2020 AND THEN make good on the promises of today...

She may need to make good on those promises sooner than that even...we have been in a state of economic "expansion" for much of the Obama years. There was such deep dammage from 2007-2009 though that for most Americans, the 'recovery' is only barely arriving now. When the next downturn comes (and they ALWAYS come), the next president is going to have to make some very hard choices. Do they stand with the people and the poor? Or do they take the easy money again, excuse the banksters and profiteers and exploiters who come with that sweet, sweet campaign cash?

Hillary saying what she did here is great, a real step in the right direction...but if she is exploiting the moment for temporary credibility and fails to follow through on these words, then the door for the GOP will re-open at another critical moment for us all...a damaged Democratic incumbent and a vulnerable Senate in 2020 would be the price we pay then...and another round of redistricting drawn up by the gerrymandering mad GOP to preserve their position.

Say it Hillary, scream it even, but be prepared to send people like Dimon and Mack and Blankfein down the river as well or it not only won't mean shit...it will bring ruin on the nation in the long game...

[tom_kelly]

9. +1