"At Wells Fargo, when we make mistakes, we are open about it, we take responsibility, and we take action," the bank said in a memo to employees on Thursday....
Wells Fargo declined to say when it hired a consulting firm to investigate the allegations. However, a person familiar with the matter told CNNMoney the bank launched the review after the L.A. lawsuit was filed.
OK. WF has to make some restitution and pay a $100 million fine. Fine. The government will move some ex nihilo credit tally form WF to a government agency.
How about we just deregulate banks?
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