The latest scandal in the banking industry has my shaking my head. For those who haven’t heard, Wells Fargo is in it deep because they basically set quotas for the number of add on services that employees were required to sell. This was pushing people to go above and beyond normal circumstances, opening accounts without permission, forging signatures, pressuring family and all sorts of fun stuff. So I have a simple question: Does money make people evil?
Still In The Cycle Of Corruption
Basically, more awful behaviors in an industry that has the stench of a lot of awful behaviors. I mean, nobody has forgotten the subprime mortgage crisis, right?
It just got me to wondering why this stuff keeps happening. I’ve heard that we should break up the banks to make them smaller, or taking certain functions (like investing) away from banks. All sorts of things, but I’m not sure any of that would work.