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Don't forget that Wells Fargo was purchased by Wachovia in a merger after Wachovia was caught laundering billions of dollars in Mexican drug cartel money.
by busterarm 7y ago
Don't forget that Wells Fargo was purchased by Wachovia in a merger after Wachovia was caught laundering billions of dollars in Mexican drug cartel money.
- adventured 7y agoWells Fargo acquired Wachovia (not the other way around) at the time of the collapse in the banking industry due to the great recession mess. https://en.wikipedia.org/wiki/Wachovia#Acquisition_by_Wells_Fargo https://en.wikipedia.org/wiki/Wachovia#Acquisition_by_Wells_...
- busterarm 7y agoForest. Trees.
- calderarrow 7y agoYou're looking at a branch and missing the forest [0] >The acquisition of Wachovia by Wells Fargo was completed on December 31, 2008, after a government-forced sale to avoid Wachovia's failure [0] https://en.wikipedia.org/wiki/Wachovia https://en.wikipedia.org/wiki/Wachovia
- busterarm 7y agoThat wasn't the point. The point was that the corrupt people and practices at Wachovia didn't disappear.