Brian McLane

Media and Social Commentary

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RECORD EARNINGS FOR JP MORGAN, WELLS FARGO – BANK VULTURES… and don’t forget Rolls Royce

January 8th, 2013 · No Comments · Business

bank vultures

bank vultures

Record Sales For Rolls Royce?
I guess the Rap music industry is doing particularly good. I know Rick Ross drives one.

Record Earnings For Wells Fargo?
What the hell is going on.

I could site a ton of statistics that seem to indicate that the economic situation is still as dire as it was in 2008. Well, okay maybe that’s a stretch… but what is Wells Fargo doing that their profits are up…. 25% over the last quarter.

I’m a capitalist (without a lot of capital mind you), so I guess what I’m saying is perhaps Wells Fargo is making money in ways that are not in the average consumer’s best interest. And it’s all of our choice to not do business with them.

After I kept getting clobbered by fees from Wells Fargo I just flat out closed my account. And the fact they kept it open and continued to charge me fees for 2 months without my knowing pushing it negative and costing me more fees… well, I got that money back and told them it would be a cold day in hell before I ever did business with our through Wells Fargo again.

No accounts, no mortgages, nothing.

Other Record Setters include Microsoft, Qualcom, Apple…. JP Morgan Chase posted a record profit of 5.7 Billion!

Derivatives LIVE!

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