How to deal with senior bankers who go wrong.

This introduction needs no introduction, just watch it!

 

About henry tapper

Founder of the Pension PlayPen, Director of First Actuarial, partner of Stella, father of Olly . I am the Pension Plowman
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4 Responses to How to deal with senior bankers who go wrong.

  1. I want Elizabeth Tapper on my side

    Who among our UK politicians can match this? I don’t see any candidates out there at the moment

  2. DaveC says:

    I’m not sure exactly what Wells Fargo has been mis-selling, but to me it sounds like retail investors buying snake oil, and Wells Fargo bumping their stock value based on higher account sales?

    Not exactly the end of the world.

    But it’s a nice bit of pantomime that makes you go misty eyed, making you feel like your government does something for you against “nasty” bankers.

    Lets just look over the hundreds of billions of wealth destruction the central bankers are forcing onto everyone who holds any national fiat currency they hold right now via nirp, zirp or QE… or helicopter money for corporates.

  3. henry tapper says:

    They set themselves a target of getting each customer to have 8 accounts (8 is great). Having hard sold their way up to about 6, some of the management team started setting up fake accounts that impressed the analysts and kept the stock price high.

    Not so much mis-selling as stock-price manipulation (according to the Senator)

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