went after one of the bosses yesterday? Oh the humanity of what Wells Fargo did to the poor, helpless citizen!
That people still believe these dog and pony shows is just amazing. Wells paid a 9 digit settlement this week, that will be touted by the feds as making sure the little guy and the integrity of the market is protected.
It's the cost of doing business for Wells and other banks. Big deal.
And then this little gem today. Deutsche Bank surges on hopes from the good old Fed. This passage from the article is just a thing of pure beauty, and not at all an indication of future crony capitalism loved by the "public-private" partnership idiots.
Sarhan also said the market was receiving a boost from comments made by Federal Reserve Chair Janet Yellen Thursday after the close. In a video conference, she said the U.S. central bank might be able to help the U.S. economy in a future downturn if it could buy stocks and corporate bonds.
https://finance.yahoo.com/news/dow-rises-100-points-street-133856795.html