Friday, July 27, 2018

How Crooked is Wells Fargo? -- Facebook Stock Takes a Nosedive -- GDP Spike Called 'Unhealthy' by Economists



The two letters cited goals for Wells Fargo product sales that led employees to push customers into products that generated more fees or to move client assets between different products or investing platforms to generate more revenue—and bigger bonuses for employees.
WSJ

Of course not all bankers are sharks,
and some of them sing with the larks.
But I'd rather trust
my precious gold dust
with anyone else, like Karl Marx. 




Bye, $100 billion.  That’s the bitter pill Facebook swallowed Thursday as years of security lapses pulled the company’s market capital down by more than $100 billion. The cliff dive was the largest single-day drop in value in Wall Street history.
Washington Post

I wouldn't buy Facebook stock now
because this once famous cash cow
has stumbled and crashed
and people's dreams trashed -- 
because it treats data like chow.


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