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OFF SEASON ALMOST OVER AUG 13 VS LIONS
azjetfan Icon : (11 June 2015 - 07:37 PM) rumor has it he wanted a raise over his $5.5 million base this year
Jetsfan115 Icon : (11 June 2015 - 07:39 PM) 33 is young for a guard. he's got at least 3-4 more years in him
azjetfan Icon : (11 June 2015 - 07:40 PM) Mmmmm I disagree.
azjetfan Icon : (11 June 2015 - 07:40 PM) I would go 2 year deal.
azjetfan Icon : (11 June 2015 - 07:41 PM) Maybe longer if we could get out of it after 2
Jetsfan115 Icon : (12 June 2015 - 11:36 AM) backloaded 4 year deal ca cut after 2 years wit minimum cap hit
Jetsfan115 Icon : (12 June 2015 - 02:22 PM) Jets sign free agent OT Charlles Brown
azjetfan Icon : (14 June 2015 - 01:48 PM) We won't be able to backload it. He won't accept the offer. Keep in mind he requested he release because they couldn't come to an agreement on a raise.
azjetfan Icon : (14 June 2015 - 01:49 PM) He is probably looking for $7 million or more per year.
Jetsfan115 Icon : (15 June 2015 - 09:44 AM) he was only making 5.5 million this year. we can give him 10 mil signing bonus onf a 5 year deal and a low base salary (like 3 mil a year) it'll average out to 5 mil a year, but he'll get 13 million this year (more then double) and will cost 5 mil a year against the cap for the rest of the deal
2JBallar01 Icon : (15 June 2015 - 02:17 PM) Any news on Mathis at all? Haven't heard anything since his release.
2JBallar01 Icon : (15 June 2015 - 02:17 PM) Also, Sam Baker was cut today as well
santana Icon : (16 June 2015 - 04:52 PM) Titans releasing RB Shonn Greene
MikeGangGree... Icon : (16 June 2015 - 10:40 PM) TEH WARRIORS
santana Icon : (16 June 2015 - 11:08 PM) This trophy ceremony awkward as fuck I had to turn it off
Mr_Jet Icon : (17 June 2015 - 08:02 PM) It really was. It was more Doris Burke interviewing the Warriors than it was a trophy ceremony. Plus Adam Silver forgot to hand the Warriors owner the trophy after he was done talking to the crowd.
Mr_Jet Icon : (17 June 2015 - 08:03 PM) R.I.P. Stuart Scott
MikeGangGree... Icon : (17 June 2015 - 10:05 PM) FIRE SILVER
MikeGangGree... Icon : (17 June 2015 - 10:05 PM) FIRE BURKE
MikeGangGree... Icon : (19 June 2015 - 06:27 PM) THE A-ROD!!
santana Icon : (26 June 2015 - 12:19 PM) god damn week no activity in here
santana Icon : (26 June 2015 - 12:20 PM) might have to chop this table up into fire wood
santana Icon : (26 June 2015 - 12:26 PM) FIRE WOOD!
Mr_Jet Icon : (26 June 2015 - 05:54 PM) Kristaps Porzingis???
Mr_Jet Icon : (26 June 2015 - 05:55 PM) You'd think Isiah Thomas was still running the Knicks last night.
santana Icon : (27 June 2015 - 07:30 PM) Lol yeah no clue about those names
Jetsfan0099 Icon : (28 June 2015 - 10:10 AM) Is there any chance that Porzingis ends up being good?
Jetsfan0099 Icon : (28 June 2015 - 10:10 AM) I'm guessing he won't be the next Pau Gasol or Dirk Nowviski
Mr_Jet Icon : (28 June 2015 - 11:41 AM) You never know, he could be as good as Gasol brothers or Dirk. Honestly the Knicks picking at #4 did the same thing the 3 teams picking ahead of them did. Picked a 19 year who could go boom or bust.
Mr_Jet Icon : (28 June 2015 - 11:45 AM) Porzingis seems to have the "I'm going to prove them wrong" type of attitude needed to overcome people's doubts about him. Hopefully he'll have the work ethic that goes along with that attitude.
azjetfan Icon : (28 June 2015 - 10:17 PM) In other news I decided to shave the dome. Since the hair was falling out anyway I figured I would show it who's boss
santana Icon : (29 June 2015 - 01:11 PM) Deisel up shave the dome
Mr_Jet Icon : (29 June 2015 - 04:49 PM) Welcome home.
azjetfan Icon : (29 June 2015 - 08:59 PM) I feel fast.
azjetfan Icon : (01 July 2015 - 07:53 PM) Shot an 86 today. Personal best.
santana Icon : (01 July 2015 - 08:19 PM) well done
santana Icon : (01 July 2015 - 08:19 PM) im going to play friday
blk_orion Icon : (02 July 2015 - 08:57 AM) play what? golf?
Jetsfan0099 Icon : (02 July 2015 - 01:16 PM) Sheldon Richardson suspended 4 game for substance abuse.
Jetsfan0099 Icon : (02 July 2015 - 01:16 PM) f***
ganggreen2003 Icon : (02 July 2015 - 06:15 PM) DAMNIT TO f***ing HELL!!!!
azjetfan Icon : (02 July 2015 - 07:46 PM) Yup. Golf. I'm ready to take on Tiger. Mid season form. For what ever reason I am hitting the driver great. 280 and fairly controlled. I'm playing again Saturday.
santana Icon : (02 July 2015 - 07:55 PM) tiger shot a 66 today didnt he easy course though
santana Icon : (02 July 2015 - 07:55 PM) things were going too well for the jets this off season
MikeGangGree... Icon : (02 July 2015 - 10:33 PM) Well I guess Williams will be starting in opening day now
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Wells Fargo (Wachovia) Fines $85M If you own WFC stock sell NOW.

#1 User is offline   azjetfan Icon

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Posted 21 July 2011 - 08:48 PM

Wells Fargo’s $85 Million Fine

Posted on21 July 2011. Tags: $85 million, 12000 individuals, 85 million dollars, banking, banking industry, Board of Governors, Board of Governors of the Federal Reserve, borrowers, employee contracts, Fed Reserve, Federal Reserve, high priced loans, John Stumpf, loan applications, loans, The Federal Reserve, Wells Fargo, Wells Fargo & Co., Wells Fargo Financial Inc., Wells Fargo mortgage


Wells Fargo & Co., in an official statement, announced that it had reached an agreement with the Board of Governors of the Federal Reserve on the subject of accusations that company’s financial unit (Wells Fargo Financial Inc.) maliciously lured borrowers into getting significantly high-priced loans while also being lax (or deliberate) in regulating loan applications that were fraudulent or had falsified information.

As a result, Wells Fargo has been fined 85 million U.S dollars in civil penalties, the largest fine that the Federal Reserve has ever dished out to a company in history.

The Federal Reserve has even barred 16 individuals involved from ever working in the industry again.

Wells Fargo’s Chairman and CEO John Stumpf stated,


http://inewp.com/?p=8160

“The alleged actions commited by a relatively small group of team members are not what we stand for at Wells Fargo . . . Fair and responsible lending practices have been at the core of our culture, and they will continue to guide us as we work closely with the Federal Reserve to provide restitution to customers who may have been harmed, and to reinforce our internal controls so they further reflect Well Fargo’s commitment to helping customers succeed financially.”

Despite the consent of Wells Fargo in paying the $85 million, the company does not need to admit to ever doing what the allegations accused the company’s financial unit of.

Before and during the investigation, Wells Fargo terminated its employee contracts with those involved and provided some forms of financial compensation to those negatively affected.

Now that the investigation and agreement is over, Wells Fargo must continue compensating those harmed which is estimated to exceed a total of 12,000 individuals.
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#2 User is offline   azjetfan Icon

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Posted 21 July 2011 - 08:51 PM

When I worked at Wells I saw this happing first hand. I just shook my head. The sad thing is the people who did it really did not get any real incentive. There sales culture is so heavy that you just wanted to show numbers so you didnt have to listen to your manager.
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#3 User is offline   SecondHandJets Icon

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Posted 21 July 2011 - 09:05 PM

f***! I'm closing on two deals next week and both buyers are bieng financed by Wells! I hope this doesn't affect them.
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Posted 21 July 2011 - 10:11 PM

View PostSecondHandJets, on 21 July 2011 - 09:05 PM, said:

f***! I'm closing on two deals next week and both buyers are bieng financed by Wells! I hope this doesn't affect them.


Probably not. This issue is not new just now being resolved.
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Posted 22 July 2011 - 09:01 AM

Wells fargo sales people = douchebags

i serviced a couple offices last year in the dc area and got to know a few


DOUCHEBAGS
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Posted 22 July 2011 - 12:43 PM

I was there for 5 years. Here is a typical day for a store manager

7:45 Sales teleconference with DM (distict Manager). You would report how many appointments you had set for the day and what you were doing to hit plan. Usually if you did not have at least 3 per banker set you would get greif.

8:30 Sit with your PBs and Service manager to see what there plan is to hit there goal. If they did not have a plan you would have to either give them greif or help. PBs needed 10 sales a day and the Service Manager had to make sure each teller had 2 sales.


11:30 Follow up with Bankers and SM to see where you stand for the day.

12:00 Teleconference with distict Manager to say where you are. Hopefully you have #s to report otherwise you will get grief and have to be on the 2:00 harrasment call.

1:00 you might get a lunch break but dont plan on it.

2:00 On teleconference if you did not have your numbers @11:00 this was a call you did not want to be on. It got ugly.

6:00 Nightly call with DM. You would report your numbers for the day. If you did not hit your goal you had to share your plan on how to hit your plan the next day. If you were not on track for the month you would be required to stay and make sales calls (cold calls) until you set appointments.

Also If you were not at your X-sell target or any particular metric you would have a weekly harrasment call with your Regional VP and DM. This was a call that sucked. Basicly you had to explain why you suck and why you did not sell that college kid 2 checking accounts or 2 savings accounts or any other product they did not need.

Wells Fargo B of A Citi all suck. Stay away from the big banks. They are after nothing but your money. I am fortunate to work for a smaller regional bank now that trusts there people and treats there customers right. The day I gave notice at Wells a branch about an hour north fired there whole staff for sales integrity.
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