Community | February 04, 2009 | 7 comments

Wells Fargo Cancels Vegas Retreat

source: http://www.wcbs880.com/Wells-Fargo-Cancels-Las-Vegas-Retreat/3784746

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It's a tradition for Wells Fargo & Co. to reward top employees with a lavish junket. In previous years, though, the company hadn't just received a $25 billion bailout from taxpayers.
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    Community,   News and Politics,   WTF
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7 comments // Wells Fargo Cancels Vegas Retreat

  • MoonLoon
    • 0
      MoonLoon  

    • I am now listening live on msnbc, that this was not a high level junket for executives, but rather a 4 day business meeting to reward high performers that placed mortgage loans.

      The rest of the story: A conspiracy between real estate agents, appraisers, mortage lenders, and politicians to inflate prices and approve loans to people unable to afford the loan has been a leading cause of the current situation.

    • 3 years ago
  • courage
  • MoonLoon
    • 0
      MoonLoon  

    • It makes me ill to think about the past years when these same "high achievers" were entertained and Wells Fargo wrote off the cost as a "business expense".

    • 3 years ago
  • dariusvons
  • Maeveeo
    • 0
      Maeveeo  

    • It's like they are saying THE WORLD IS GOING DOWN ,
      PEOPLE ARE LOSING JOBS , HOMES , LIVES ,
      we got free money from UNCLE SAM ..LETS PARTY !
      I MEAN THIS MONEY CAME WITH NO STRINGS
      THANK YOU BUSH 4 MAKING MY WORLD A GREAT
      PLACE.......( fuck everybody else ) !

    • 3 years ago
  • birdman1943
    • 0
      birdman1943  

    • Finally a glimmer of sanity in a World Gone Mad!

      Some responsiblity during this ever deepening world economic crisis is emerging.

      Kudos for the bank on make a responsible decision to forgo this expensive junket....

    • 3 years ago
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