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Jets drop another game vs Lions. Offense is bad
ganggreen2003 Icon : (Yesterday, 09:55 PM) we need to start doing that shit
ganggreen2003 Icon : (Yesterday, 09:55 PM) our D needs to start making shit like that happen
Chaos Icon : (Yesterday, 09:57 PM) fuck that penalty
Chaos Icon : (Yesterday, 09:57 PM) "going on your knees" stupidest shit ever
Chaos Icon : (Yesterday, 09:57 PM) let them do the end zone celebrations
ganggreen2003 Icon : (Yesterday, 09:59 PM) thank you KC for slaughtering these overrated fucks
santana Icon : (Yesterday, 09:59 PM) Brady watching too much geno tape
Chaos Icon : (Yesterday, 10:00 PM) brady to the bench
santana Icon : (Yesterday, 10:00 PM) Oh god what has KC done! GARAPAPOLLO UNLEASHED
ganggreen2003 Icon : (Yesterday, 10:01 PM) I hope someone lays a Mo Lewis on Garapapolo
ganggreen2003 Icon : (Yesterday, 10:01 PM) square in the chest
ganggreen2003 Icon : (Yesterday, 10:02 PM) so brady can get his knee broken again
santana Icon : (Yesterday, 10:03 PM) I'm scared
santana Icon : (Yesterday, 10:03 PM) this kid might be legit
santana Icon : (Yesterday, 10:04 PM) IT WASNT WORTH IT
ganggreen2003 Icon : (Yesterday, 10:04 PM) cmon KC
ganggreen2003 Icon : (Yesterday, 10:04 PM) wtf
ganggreen2003 Icon : (Yesterday, 10:04 PM) f***
ganggreen2003 Icon : (Yesterday, 10:04 PM) they let the rookie just drive it on them
ganggreen2003 Icon : (Yesterday, 10:05 PM) unacceptable
ganggreen2003 Icon : (Yesterday, 10:05 PM) now KC needs a TD
santana Icon : (Yesterday, 10:06 PM) It wasn't worth it :(
ganggreen2003 Icon : (Yesterday, 10:15 PM) KC has some big ol boys
ganggreen2003 Icon : (Yesterday, 10:19 PM) TY KC for bringing these overrated fucks back down to earth
azjetfan Icon : (Yesterday, 10:22 PM) I think 03 should be a mod. I think everyone should be.
azjetfan Icon : (Yesterday, 10:23 PM) What do we have to loose?
ganggreen2003 Icon : (Yesterday, 10:34 PM) our O better get their shit together starting this Sunday
ganggreen2003 Icon : (Yesterday, 10:34 PM) we need to be on our A game when we play Denver and the CHEATriots
ganggreen2003 Icon : (Yesterday, 10:34 PM) and Buffalo doesn't scare me
ganggreen2003 Icon : (Yesterday, 10:34 PM) but these next 3 games better get it's shit together
ganggreen2003 Icon : (Yesterday, 11:01 PM) maybe Idzik knew that MEvis was not as good anymore
Jetsfan0099 Icon : (Today, 08:11 AM) Nah, fire idzik
Jetsfan0099 Icon : (Today, 08:12 AM) Milber is expected to play this week, how nice of him
Jetsfan0099 Icon : (Today, 08:14 AM) The chargers are going to be tough
Jetsfan115 Icon : (Today, 10:22 AM) well there is a silver lining to this season, tom brady sucks and so do the pats
Jetsfan0099 Icon : (Today, 11:48 AM) Jets sign John Conner back, with Bohannon injured at FB
Jetsfan0099 Icon : (Today, 11:49 AM) that is why they should consider starting Vick, they could compete for the divsion with solid QB play. Can Rex really afford to sit there waiting for things to click with Geno while he keeps throwing INTs?
Jetsfan115 Icon : (Today, 12:26 PM) i didn't even notive bohannon was hurt
Jetsfan115 Icon : (Today, 12:28 PM) vick gives us a chance to win now, geno can still learn as a backup
santana Icon : (Today, 01:28 PM) I miss T Bo already
ganggreen2003 Icon : (Today, 02:35 PM) The raiders are a dumpster fire
ganggreen2003 Icon : (Today, 02:36 PM) they are naming Tony Sparano yes that Tony Sparano formally the OC of the NYJ and the wildcat whacko from Miami is the new interim HC for the Oakland Gayders
ganggreen2003 Icon : (Today, 02:39 PM) well good thing we got rid of LaRon Landry since he just got suspended for PED's
Jetsfan115 Icon : (Today, 03:08 PM) i'm not suprised. that guy looked like he was on roids
Jetsfan0099 Icon : (Today, 06:10 PM) FIRE IDZIK
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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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#4 User is offline   azjetfan Icon

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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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#6 User is offline   azjetfan Icon

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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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