Wells Fargo Fires 5,300 For Engaging In Massive Fraud, Creating Over 2 Million Fake Accounts | Zero Hedge

KW: It’s just about possible to think that this could happen in some far flung part of Africa or South America but no those societies are far to honest for this sort of shameless scandal to be exposed. Welcome to banking in crooked America, I am shocked at such fraud being exposed.

For years we wondered why Wells Fargo, America’s largest mortgage lender, is also Warren Buffett’s favorite bank. Now we know why:

Source: Wells Fargo Fires 5,300 For Engaging In Massive Fraud, Creating Over 2 Million Fake Accounts | Zero Hedge