Wells fargo committed fraud in a few different flavors, but was probably never at risk of losing customers' money (unintentionally). Reading between the lines o

Wells fargo committed fraud in a few different flavors, but was probably never at risk of losing customers' money (unintentionally). Reading between the lines of Beam's long withdrawal times, it sounds like they had fundamental liquidity problems and at risk of insolvency already, and the backing bank would have to cover things (or invoke FDIC insurance? I'm not sure if this situation would apply) That's just a pragmatic explanation though: I'm not claiming there was any equivalency of fairness between the two. It seems to me that Beam should be dismantled, and also that Wells Fargo should have suffered some equivalent fate. But again, consider the pragmatics involved: Forcing Wells Fargo to be sold off piecemeal would just mean there were even fewer massive banks controlling that market.