The 5,300 Bad Apples of Wells Fargo

On today’s episode of Double Down, hosts Max Keiser and Stacy Herbert are joined by ‘smashmouth’ investigative journalist, Teri Buhl, for an update on Wells Fargo’s 5,300 bad apples.

With two million fraudulent accounts opened in the name of Wells Fargo customers, their credit rating ruined forever, will a few stern words and finger wagging from Senator Elizabeth Warren to the bank’s CEO be enough to compensate? And are Wells Fargo’s problems really the fault of 5,300 ‘bad apple’ minimum wage tellers who happened to somehow work for the bank? Teri Buhl says Wells Fargo, in fact, has a long history of pretending their books are better than they appear and that the bank’s largest shareholder, Warren Buffett, has a charming image that bolsters the bank’s reputation beyond the reality. But a lawsuit by former employees of the bank stands to shed some light on their aggressive and deceptive practices.

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