An internal investigation report into the practices of the Community Bank in Arizona and California proves the inner-workings of always be closing paradigm that was manipulating and also hurting their own workforce. Where the retail bank of the Wells Fargo in the states of Arizona and California had such methods of trading and selling that cheated to get to levels that the leaders set.
The employees was constant put into pressure of sales and get the highest turnover. That even the witnesses sandbagged their family members into bad accounts and deals with the bank to met the expected sales. The reality of the practices proves the vulture economics voodoo who sold duplicated accounts to costumers with no need for it.
There so many aspects of the leadership and the practices like these… shouldn’t be needed by the big-banks and affiliated like Community Bank. The Community Bank and their operation breached not only public trust, but also they manipulated their corporate practices. This report is showing how far banking management can take it!
“Aided by a culture of strong deference to management of the lines of business (embodied in the oft-repeated “run it like you own it” mantra), the Community Bank’s senior leaders distorted the sales model and performance management system, fostering an atmosphere that prompted low quality sales and improper and unethical behavior” (Wells Fargo, P: 4, 2017).
“The Community Bank identified itself as a sales organization, like department or retail stores, rather than a service-oriented financial institution. This provided justification for a relentless focus on sales, abbreviated training and high employee turnover” (Well Fargo, P: 7, 2017).
Witness report on how the Community Bank used Scorecard system:
“Witnesses recalled that bankers were encouraged to make prospect lists of friends and family members who were potential Jump into January sales targets, and often would “sandbag” (temporarily withhold) December account openings until January in order to meet sales targets and incentives. The pressure associated with the campaign manifested itself in higher rates of low quality accounts, as confirmed by the “Rolling Funding Rate,” a quality metric used by the Community Bank to track the rate at which its customers “fund” (place more than a de minimis amount into) new checking or savings accounts” (Wells Fargo, P: 21, 2017).
“The negative consequences of these regional bank-wide processes were exacerbated by management in certain regions who over-emphasized the use of sales rankings and campaigns and employed other aggressive practices. California and Arizona in particular consistently ranked among the top states for sales practice problems, in part based on sales pressure tactics encouraged by certain regional managers” (Wells Fargo, P: 22, 2017).
“Multiple witnesses also said that Conboy or certain of her subordinates encouraged bankers to sell customers “duplicate accounts” regardless of actual customer need. One manager reporting to Conboy lamented that Arizona district managers “taught branch managers how to sell same day multiple account opens to customers with false customer needs”; another reported that “some Managers and Bankers feel a bit uncomfortable opening multiple DDA’s [sic] on the same day for a customer” because “it feels as though they are manipulating the sales system.” Conboy also told subordinates that they should not overemphasize quality accounts, but should manage to the Community Bank’s minimum quality standard in order not to miss productive sales opportunities; Conboy stated to one district manager that “your team should be managing within the 87.5% [Rolling Funding Rate] guideline at a store level . . . You and I have discussed the opportunity costs of 100% funded accounts . . . my direction would be to coach your stores and MPs to remain above the combined 87.5% [Rolling Funding Rate] . . . .” (Well Fargo, P: 25, 2017).
Sales Staff treatment:
“Because good performance was deemed in large part to mean meeting or exceeding sales goals, and poor performance in many instances led to shaming or worse, many employees believed that their future at Wells Fargo depended on how many products they sold. In a January 2012 email to a colleague, a Community Bank marketing leader wrote that, despite an increased emphasis on customer needs, “we consistently put more focus on solutions, we increase the solutions goals . . . the message [employees] are receiving is that Solutions continue to be king and everything else falls below that.” (Wells Fargo, P: 30, 2017).
What we can learn by this and see, is that Wells Fargo and their affiliated companies has had vulture capitalistic tendencies, where the leadership pushed their sales-team and their results with enormous profits. That the branches and leaders even misuses funding and duplicate accounts to meet the quotas needed. So the hazardous business practices did not only hurt the costumers, but also the inner works of the Community Bank and Wells Fargo. This sort of scandal should show the reasons why the government and federal institutions needs to regulate the banking industry. A banking industry that has no issues with having vulture practices if the loose regulated systems of the United States today. Peace.
Independent Directors of the Board of Wells Fargo & Company – ‘Sales Practices Investigation Report’ (10.04.2017)
“The point of modern propaganda isn’t only to misinform or push an agenda. It is to exhaust your critical thinking, to annihilate truth.” – Garry Kasparov
Welcome to the Banana Republic, the United States of America (USA), the Trump Administration has a new golden child and has to stop the Environmental Protection Agency (EPA), that has to be silenced. The EPA under Scott Pruitt. The Environment and Climate Change is lie under the Trump regime, that is myth that the environment gets destroyed or worsen by industry or mineral extraction. Still, they have to make sure that the EPA doesn’t explain the environmental regulations without any scientific evidence. It has to be tested and retested the narratives, as the EPA should not question the need for free release of CO2 or any other damaging gas that can worsen the sky, or the after effects of crude-oil pipelines and the damage of soil in the areas after fracking.
Well, take a look at the Lamar Smith proposal that get through and passed in the U.S. House of Representatives yesterday:
“To prohibit the Environmental Protection Agency from proposing, finalizing, or disseminating regulations or assessments based upon science that is not transparent or reproducible” (…) “The Administrator shall not propose, finalize, or disseminate a covered action unless all scientific and technical information relied on to support such covered action is” (…) “publicly available online in a manner that is sufficient for independent analysis and substantial reproduction of research results, except that any personally identifiable information, trade secrets, or commercial or financial information obtained from a person and privileged or confidential, shall be redacted prior to public availability” (H.R. 1430, 2017).
Representative Lamar Smith the man behind the bill, who has a magical fascination with silencing and stopping the EPA, as he is from San Antonio, Texas and Republican, surely if somebody would have remembered what sort of greatness, he showed in February:
“On Tuesday, Smith held a hearing titled “Making the E.P.A. Great Again.” From the list of witnesses, it was clear that Smith was not, however, interested in improving the E.P.A.—in fact, just the reverse. One of the witnesses was a lobbyist for the coal industry, another a lobbyist for the chemical industry. In a display of hypocrisy so blatant it could have been hilarious, but wasn’t, Smith used his opening statement to rail against “conflicts of interest” at the E.P.A. The agency, he complained, depended on the expertise of scientists to whom it sometimes also awards research grants. His proposed solution to this problem? To stack the E.P.A.’s science advisory board with scientists who work for regulated industries” (Kolbert, 2017).
So Rep. Smith has no issues listening to the Coal, Chemical and Oil industry, if it benefits them at a U.S. House hearing on making EPA great again, like the ones who wants to pollute and drop hazard into the environment for a buck is the ones to listen to. Shows the lack of thinking and integrity that is in the Washington D.C. right now and is accepted by the Trump Administration. Where the businesses are more important nature and the future, where the kids of Trump has to live in wasteland and in narrow future of damaged rivers, creeks and polluted air.
The donors for the 2015-2016 Campaign for the U.S. House Representative for Texas and parts of Committee for Science, Space and Technology, those we’re $95,050 from Oil and Gas, either as PACs or individuals, other important donors for the campaign of Smith we’re Nustar Energy, AT&T, Boeing Co., Koch Industries and Marathon Petroleum (Check Opensecrets.org).
So, the man who has massive support for his elections and campaigns was supported through business who needs to extract their resources and has to pollute to do so. It could seem that they scratched an itch for the Representative and when he was elected he scratched an itch for them. Instead of direct brown envelopes directly into the pocket of the representative, they paid for his campaign and his viable campaign in Texas.
Now that he has a place on the Committee for Science, Space and Technology, there he can change legislation that fits Nustar, AT&T, Boeing Co., Koch Industries and Marathon Petroleum, as they will not have any sort of information that cannot be verified by generous study. They have been silenced and cannot question climate change or even the implication of pollution or environmental damages by industry, as the Honest ACT, who is made to stop certain information from getting into public.
So it it good to know that the EPA sentiment is old:
“But I don’t know whether Americans want the EPA and Congress to be honest. You say, “What do you mean, Williams?” There are numerous laws, restrictions and regulations based upon the EPA’s fraudulent report on secondhand tobacco smoke. How many Americans do you think would say, “Hey, now that we know that EPA 1992 report was a fraud, let’s repeal all those laws and regulations based upon it”? I’m guessing most would say, “I don’t like the smell of cigarettes and if it takes government fraud and duping the public to get rid of it, so be it.” (Williams, 1999).
So there are surely many who has hard feelings against the EPA and their practices, but they should still wonder if it is wise to stop the EPA. They might get wealth to buy cars, but nature is not something that returns after you have used it and extracted the minerals. There are so many places destroyed by industry and not habitable, so much touched nature that will not come back after oil industry and other industry has used their tools. Together with the knowledge of pollution, there are invisible particles that might hurt mother nature on the long run, but that doesn’t Scott Pruitt, Donald Trump or Lamar Smith. Peace.
Kolbert, Elizabeth – ‘THE CONGRESSMAN WHO’S TRYING TO MAKE THE ENVIRONMENT WORSE, AGAIN’ (08.03.2017) link: http://www.newyorker.com/news/daily-comment/the-congressman-whos-trying-to-make-the-environment-worse-again
U.S. House of Representatives: H. R. 1430 – ‘Honest and Open New EPA Science Treatment Act of 2017’ or Honest ACT (29.03.2017)
Williams, Walter – ‘Do Americans want honest EPA?’ (09.06.1999) link: http://www.deseretnews.com/article/701389/Do-Americans-want-honest-EPA.html
“It’s really sad that we’re in an environment where tax returns are leaked by whoever it may be” (…) “Just think about it. Think about how dangerous that is, how third world that is on a practice that happened. When personal information is put out by people for political agendas. As a civilian, it’s actually scary” – Eric Trump on Fox News (Tani, 2017).
It is just one of these days where the sons of President Donald Trump speaks their mind and hits the nail. The nail is in the coffin, with the knowledge of the plans to make the republic less attractive, less business-friendly, more lassiez-faire and more focused on army than on progressive financial instruments and regulation to create growth. Trump Administration is busy with deporting millions, building a wall and starting trade-wars. The U.S. Government does not need to be transparent or accountable while doing so. Especially, not in the minds of one of his sons. That claims something unique and special. I have claimed in the near past that under President Trump, the U.S. Government could turn the Republic into a Banana Republic, a sort of style government that could be described by others as a third world one. Therefore, let the dictionary explain that!
Eric Trump needs a definition of the Third World:
“1: a group of nations especially in Africa and Asia not aligned with either the Communist or the non-Communist blocs” (…) “2: an aggregate of minority groups within a larger predominant culture” (…) “3: the aggregate of the underdeveloped nations of the world” (Merriam-Webster).
So the United States can itself soon be fitted, not that it is an Asian or African nation, neither Communist, but still it is getting underdeveloped by the way the financial framework and industry is set-up under the Trump Administration. Where the Industry and Financial industry has the Administration by the balls and no eager of taking care of nature or the resources, except for eating the profits without giving anything back to the Republic. Just like the Oil Industry in Nigeria or in Ghana. The same as the mining and mineral industry in the Democratic Republic of Congo. So the United States under President Trump, will be similar. Eric Trump is not so far off, just not the way he thought he would be.
Another man’s vision:
“This brings about complete dysfunction. It makes everything — economy, politics, roads, bridges, police, school — broken and shitty. Those who can leave do. Making it worse. This leads to more extremism, and more corruption, and more cynicism. And sometimes extreme violence. Because the other side becomes evil” (…) “The US has been shifting towards all four of these over the last 30 years, with inequality leading the way. We are more divided, economically and socially, then we have ever been (we are less divided racially. But only marginally so.)” (Arnade, 2016).
So when you have a system on the brink of collapse, a wealthy elite eating of the government plate and settling score to not pay their bills to the public, while the citizens and middle-class cannot build a steady life or afforded needed services, you know there are something wrong with the system and the state. That makes the Eric Trump words so right, that United States is becoming more like a third world country, with a sophisticated army, but cannot afford health care, schools or infrastructure. Just like the countries President Trump doesn’t want to affiliate with or been seen with. Since him and his advisor Bannon are supposed to be superior, and like a dictator in a Third World country, he believes he is always right and isn’t wrong.
So one smudge of evidence of his fathers Tax Returns from 2005 leaked to MSNBC Rachel Maddow, proves the realization of the state, that the Trump Administration would dislike. As they are not capping the debt, neither taking into account their ideas of taxation and tax-releases, as much as their will to deregularte industry and financial institutions. Therefore, leading the space of more expenses and negative environmental policies, that damage earth and only gains profit for a slim elite. Just like a Third World Country.
This is degrading for the United States, but the harsh truth, the ideas and policies in the making, the killing of health insurance, the idea of building the giant nuclear silos, while not paying for food for the starving. Proves that the U.S. Government are no closer to countries it does not want to be affiliated with, but still can be consider to be assimilated with. President Trump and his administration is clearly not wishing to be differing from chauvinistically taking charge and not caring what effect it has. Clearly, it is only his image that matter, just like any big-man and authoritarian leader.
So, soon we can say that the United States is underdeveloped and need aid, as their waters are daft, the industry is lacking technology, the roads are more potholes than tarmac, the bridges are weak, their railways not working and often not trusted. The United States has soon more expensive foreign imported goods, than what they produce and is losing money on their export of cash crops as soya and other grain. Therefore, President Trump leading his Republic to become underdeveloped or become a Third World Country.
Arnade, Chris – ‘USA: A Third World Country in the making’ (05.10.2016) link: https://medium.com/@Chris_arnade/usa-a-third-world-county-in-the-making-14064ea5c534#.ah2gi0loi
Tani, Maxwell – ‘Eric Trump blasts Trump’s tax return leak on Maddow: ‘Think about how dangerous…how third world that is’ (19.03.2017) link: http://nordic.businessinsider.com/eric-trump-tax-return-leak-maddow-third-world-2017-3?
Merriam-Webster – ‘third world’ link: https://www.merriam-webster.com/dictionary/third%20world
The Republicans under the Trump Administration are going all in. Their ideas are the wet-dream for Conservative Party, which wants to transform the laisses-faire, industrial wonderland, where waste, industrial waste and low-taxes can go side by side. The green-gases only belong in fairy-tales and in sagas of the liberals.
Therefore Republican representative Matt Gaetz from Florida is the sponsor of the bill; his co-Sponsors the Republican representatives are Thomas Massie of Kentucky, Steven M. Palazo of Mississippi and Barry Loudermilk of Georgia.
The Republicans doesn’t care about toxins in water or water-taps, therefore if Detroit or Flint Michigan is dangerous, it doesn’t’ matter, because this people should afford their own tap-water, not buy licenced water from the state. If they had wealth they should have dig for wells in their gardens and in the public housing, instead of trusting the state with deliverance in the modern age after the millennium. That is too much to upon the Republic Party.
The other reasons are for the diligent work of Environmental Protection Agency, when it comes to fracking and regulating of the gasses into the water, has been tormenting the agency, as they have backpedalled and their own internal document have proved differently from the study they delivered the public. The Pro-Fracking lobbyist has sometimes even persuaded the EPA to change their stance, as the real reports if their internal documents of 2015 where right. That all parts of fracking could cause all sorts of toxins, in waste-water, in the dirt and the nearby-taps; something the Republicans of our day doesn’t want to hear.
However, EPA could also have intervened in the building petroleum pipelines like Keystone XL and Dakota Access Pipeline (DAPL). Where the reports could shadow the fact that pipes usually leaks and this could damage import forests and rivers through a dozens of states. The state could be seen with possibility of putting sanctions on the reopening of coal-mines and their waste in various states.
The EPA tried to keep regulatory actions on stuff like the Clean Care Act of 1990. Where the value of different toxins in the air if the Republicans would get their will would be doubled from 2010 to 2020; this values would for instances be Mortality Ozone values from 4300 to 7100. For instance Asthma Exacerbation in 2010 be 1,700,000 and in 2020 become 2,400,000. This proves how little they care for the environment, as long as it gives fortunes for the people who run the companies.
The financial industry and industry itself wants to earn cash and massive profits without care of environment, diseases or any sort of spill. Therefore the Republicans who are in the pockets of big-oil, big-tobacco or Wall Street don’t need the EPA. So with this in mind the Republicans are now not only silencing the EPA and wanting to edit their studies and reports on climate change, which in the mind of President Trump is a hoax.
The 4 representatives are doing the business, the industry a favour, but not Mother Nature or the ones living in it. They want to make sure the ones creating waste-lands and all the pollution as the polluters are free men without any charges. The Industry and the ones extracting resources don’t have to fear the state or government bodies, as they might not even exist. They don’t need to force their jobs into regulations that are costly as they can just drill, extract or even use the worst methods to get the gases, petroleum or coal.
Certainly, the Republicans when they have raised the water-levels above the 51st street of Manhattan, when they have destroyed the lakes and rivers of Middle-America. Than the riches can move to Liechtenstein with the rest of the Alt-Right Banonesque government official existing! Peace.
Congratulation Mr. Donald J. Trump you act like Dictator and behave like a tyrant. Your legacy is built over and days. You complained and whine like a bitch that Barrack Obama as President made lots of Presidential Orders, but the first thing you do is to make a dozen’s of them yourself.
Like this one:
“The Secretary of Commerce shall conduct outreach to stakeholders concerning the impact of Federal regulations on domestic manufacturing and shall solicit comments from the public for a period not to exceed 60 days concerning Federal actions to streamline permitting and reduce regulatory burdens for domestic manufacturers. As part of this process, the Secretary of Commerce shall coordinate with the Secretaries of Agriculture and Energy, the Administrator of the Environmental Protection Agency, the Director of the Office of Management and Budget, the Administrator of the Small Business Administration, and such other agency heads as may be appropriate” (MEMORANDUM FOR THE HEADS OF EXECUTIVE DEPARTMENTS AND AGENCIES, 24.01.2017, Donald J. Trump).
What a noble gentleman you are that you’re gaging the United States Department of Agriculture (USDA) and the Environmental Protection Agency (EPA), they are not allowed for staff on Social Media and talk to the Media. So your making blackouts of government institutions before you have been in power a month. Even Gadaffi your friend who rented your land in New York back in the day would be proud, Vladimir Putin must see the vision in your ears and the glowing ignorance in your eyes.
You have already tried to subdue the media with false tragedies and stupid made of stories, while the worst is happening inside your coming cabinet, your hiring of men and woman who is billionaires that couldn’t be more far from the voters who elected you into office. You’re a billionaire who apparently doesn’t care much about acts as long it gives you and your men profits.
Trump MoU on DALP: “The Dakota Access Pipeline (DAPL) under development by Dakota Access, LLC, represents a substantial, multi-billion-dollar private investment in our Nation’s energy infrastructure. This approximately 1,100-mile pipeline is designed to carry approximately 500,000 barrels per day of crude oil from the Bakken and Three Forks oil production areas in North Dakota to oil markets in the United States. At this time, the DAPL is more than 90 percent complete across its entire route. Only a limited portion remains to be constructed. I believe that construction and operation of lawfully permitted pipeline infrastructure serve the national interest” (SUBJECT: Construction of the Dakota Access Pipeline, 24.01.2017, Donald J. Trump).
You speak of being environmental, but open up the petroleum pipelines of Dakota Access Pipeline and Keystone XL. You are such an ass, at the same time deletes the reality of water-quality and other truthful information on your government web-pages. You are gagging the EPA and USDA that looks into the reasonable environment hazards the pipelines would do in dozens of states. But you only see the cash monies and even some of the businesses your sons are running might benefit. You couldn’t care-less.
“In accordance with Executive Order 11423 of August 16, 1968, as amended, and Executive Order 13337 of April 30, 2004, the Secretary of State has delegated authority to receive applications for Presidential permits for the construction, connection, operation, or maintenance, at the borders of the United States, of facilities for the exportation or importation of petroleum, petroleum products, coal, or other fuels to or from a foreign country, and to issue or deny such Presidential permits. As set forth in those Executive Orders, the Secretary of State should issue a Presidential permit for any cross-border pipeline project that “would serve the national interest.” (SUBJECT: Construction of the Keystone XL Pipeline, 24.01.2017, Donald J. Trump).
Trump, your acts now are peril with the ways of democratic behavior, you are silencing your own government institutions, not giving to craps about the honest truth. Not that truth ever matters to you as long as you are winning!
That your Presidential Spokesman Sean Spicer and Presidential Advisor Kellyanne Conway feel your coverage is biased and wrong, well, you are the one acting and doing executive orders. You are the one behind the madness called the Trump Era and the Trump administration. I am sure you will soon blackout more institutions, silence the Congress and Senate. As your sinister plans get into effect, because you cannot handle the truth or facts; facts are lies and deceptions to you, they are not useful, because they damage you. Facts are the thing that you hate more than anything else. Therefore you cannot handle that the EPA or USDA are telling the truth about the pipelines and their possible environmental damage.
Trump cannot handle his own government agencies and doesn’t know how they operate, doesn’t know the laws, therefore he orders things he like and been told by his donors like a drone. Being a dictator and dictating the state to be silenced for 60 days. Trump has so little courage and bravery that he doesn’t believe that he can work the system. He has to rig it and make order it to command, because he is the Executive. Surely he will drop more orders daily than at a busy Chinese takeaway restaurant in Manhattan, New York.
Donald Trump you’re the coming GRAND Dictator, I am sure you haven’t seen the movie or understand the play, but you’re the next up! You don’t care about the implications on the Presidential Orders or Memorandums of Understanding that you’re signing these days. You only see your vision and stature. The only thing mattering is that you’re the man.
Donald Trump, dictating son-of-bitch from Queens, who doesn’t care about the rules or regulations, not even who will become in the people’s eyes; he attacks the media, but he has created the monster and that is himself. Himself is the man who silence EPA and USDA so he can push through environmental dangerous industrial building that has been demonstrated against through the United States Presidential Election 2016. That apparently by default you won, President Trump!
The Executive, the President, the almighty bastard that silence environmental institutions so they doesn’t say the truth about the massive disturbance and possible damage to rivers and destroy the environment… but does the new American President care about that. He only cares about himself.
You are a son-of-a-bitch! Future tyrant and so-far from democratic value Executive the United States has ever had. You as a man cannot even handle staff and institutions to speak their mind while the pipeline constructions are happening. Trump cannot handle that, Trump is little muffled dog under pressure from donors to do this and not caring about the effects it will have. He is 70 years old, so not that his life will be long enough to see the damage or feel it. Not that he is ever travelling in North Dakota near the towns that are affected; neither is he visiting Keystone XL. Trump doesn’t have the heart.
Welcome world, Trump the Great Dictator has entered the building! Peace.