The Federal Reserve cracks down on Wells Fargo over scandal involving sham accounts

[llmart]

10. Exactly!

They got a "finger wagging" and "don't you do that again" while the rest of us peons would have been put in jail for something a whole lot less.

I could never understand how, when buying a house you initially are working to get a mortgage through a smaller bank and then immediately the loan is sold to Wells Fargo or some other too big to fail entity.

I paid off the rest of my mortgage last year because I didn't want to make WF get any more money of mine than they were entitled to. Even when the interest rates are historically low, they still get a bundle from the average person.