Let me back up. It was recently discovered that for years Wells Fargo had been systematically defrauding thousands of depositors by creating phony accounts and charging hidden fees for them. The scam was uncovered & ended only because of the existence of the Consumer Financial Protection Bureau (Elizabeth Warren’s brainchild)–which, naturally, the Congressional Republicans want to eliminate. Wells Fargo paid a fine and fired thousands of low-level employees who participated in this scam. But (surprise!) no Wells Fargo executives have been held accountable or paid any penalties.
You don’t get thousands of 12 dollar per hour employees coincidentally doing the same thing unless it’s due, at minimum, to a culture which allows it, and more likely with some implicit or explicit direction from the top – or did they just do a remarkably bad job of hiring over the past two decades?