Americans have no love for the banking industry. The super rich that hold the purse strings to our money are often regarded as the worst of the “1%.” Regular Americans must kowtow to these slick, Wall Street money lenders just to get enough to survive.
This image isn’t helped when banks actually break the law. Recently, banking giant Wells Fargo was called to the carpet for allegedly opening new accounts for customers without their consent, then charging them fees.
It’s the kind of thing that only highlights the banking industry’s greed.
While leaders in Congress are taking actions against the bank, democratic nominee Hillary Clinton is entering the fray. She has written an open letter to Wells Fargo customers, in an effort to appear on their side in the matter.
There’s only one problem: she’s on the side of Wells Fargo.
Democratic presidential nominee Hillary Clinton is joining the attack against Wells Fargo, which was fined $185 million by the federal government for opening new accounts for customers without their consent, and then charging them fees.
Sen. Elizabeth Warren (D-MA) is leading the charge, but Clinton is trying to use the issue to her advantage, writing an open letter to Wells Fargo customers promising to take action.
However, the Clinton Foundation has taken large sums from Wells Fargo.
Last year, the St. Louis Post-Dispatch reported that the Wells Fargo Foundation had given between $100,000 and $250,000 to the Clinton Foundation.
According to reports, the bank gave between $10,001 to $25,000 at one time, with numbers reaching $250,000. Bill Clinton has also spoken at Wells Fargo for a nice tidy fee of $200,000.
Even Huffington Post has criticized the candidate by quoting Jeff Bechdel, of America Rising PAC, when he said, “This is classic Hillary Clinton: publicly criticizing a company because it’s good politics while the Clinton Foundation quietly accepts hundreds of thousands of dollars from that same company.”
So how does this exactly work, Hillary? You take thousands of dollars from a bank, but later attack that same bank? Somehow I doubt you’ll go very far in seeking justice for the customers they’ve robbed.
This is just smoke and mirrors on the part of the democrat. Clearly she is jumping on this news story, to garner some support from voters. But once the dust settles, she’ll go back to protecting her buddies in the banking world.
Hillary is a good friend to many banks on Wall Street, not just Wells Fargo. Do you really think she’s raise a finger to threaten their comfortable positions?
I don’t think so.