2016-09-25boingboing.net

Beth Jacobson was a Wells Fargo loan officer who blew the whistle on the bank's predatory, racist loan-fraud in the runup to the 2008 financial crisis, which tanked the world's economy and nearly wiped out Wells Fargo (they were rescued with a $36B taxpayer-funded bailout)... CEO John Stumpf, who took home $200M in bonuses based on profits from the fraud, will keep the money and his job, but the whistleblowers who reported the fraud starting in 2011 were all illegally fired. Jacobson describes how Stumpf -- now CEO, then a top exec -- was complicit in the fraud that helped precipitate the crash and the worst recession since the Great Depression.''



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