Reich writes: "If a gangster tells his hit men 'I don't want you to knock off anyone, but if you don't fulfill your kill target you're dead meat,' the gangster has blood on his hands. Banksters like Stumpf - who raked in $19 million last year, partly because of all the products and services his employees sold - are no less responsible for the inevitable consequences of the incentive systems they establish."
Robert Reich. (photo: AP)
Banksters Like Wells Fargo's CEO John Stumpf Belong in Jail
30 September 16
ells Fargo CEO John Stumpf told a House committee today that the bank �never directed nor wanted our employees, whom we refer to as team members, to provide products and services to customers they did not want or need."
Baloney. Wells Fargo told employees they had to sell a certain number of these products and services -- or be fired. What did Stumpf and his other top executives expect to happen?
If a gangster tells his hit men �I don�t want you to knock off anyone, but if you don�t fulfill your kill target you�re dead meat,� the gangster has blood on his hands. Banksters like Stumpf -- who raked in $19 million last year, partly because of all the products and services his employees sold -- are no less responsible for the inevitable consequences of the incentive systems they establish. Banksters like Stumpf belong in jail.
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Most of the charges are not much more and failures to communicate. Mueller says Manafort did not properly report things he did or money he moved from overseas work to the US. So just re-file the reports. Happens all the time.
This is a pretty weak start. Nothing that happened that this indictemnt refers to involves a real crime. The "conspiracy agqinst the US" is an admission that no crime took place. Conspiracy means two or more people appeared discuss a crime and made some sort of action in the direction of the crime but actually doing the crime is not part of it.
We have not heard the last from Mueller. He's off to a weak start. We just have wait to see his next move.