We should do an uno reverse and nationalize wells fargo.
They should have been nationalized in 2009 instead of receiving $25 billion bailout loan.
Musk would just learn from them and open a bunch of bank accounts for everyone in the USA and have him control them all.
This is literally what he wants Twitter to be.
Seriously FUCK these guys who think everything should be run like a business
This sounds like a scheme hatched in 1887.
Right? I thought this was a side plot in The Music Man
They don’t need to privatize the USPS, they just need to lobby for the government’s monopoly on post, established by act of Congress in the 1800s, to be removed. Then they can create a competing postal system, like Lysander Spooner did with the American Letter Mail Company. If they really think they can make a profitable service that competes with the USPS, let them try.
They don’t want to compete. That’s not the point of any of this. They want to strip it for parts because Trump has rang the dinner bell for the vultures to feast on everything we have built in this country.
Yeah and you think that the current federal government would allow the USPS to compete fairly with the private corporation that their buddy owns?
Wells Fargo are thieves who steal from their customers. If you use them, you’re about 15 years delayed in getting out. Security issue.
I had a teller LITERALLY try to steal money from me.
A number of years back I was depositing cash from doing some side-hustle party entertainment work, I counted the cash, handed the cash to the teller and he counted it off, and it was short $100.
The thing was, I was doing magic tricks at parties, I had taught myself a bunch of very basic card tricks and slight-of-hand, not amazing but well enough to impress grade-schoolers, so I caught when the teller did a thing with his hands as he counted, he seemed to palm a bill and I felt immediate unease and wasn’t sure what to do, so I called the manager over and my partner and got the attention of another teller, I figured if I got enough people around he couldn’t pull any further tricks. I said we were “missing” a 100-dollar bill, and the teller acted really confused, pretended to look everywhere, then suddenly the missing bill “appeared” in his drawer. I let it go because I just wanted to go home.
I can even forgive that, that’s one person, not an entire institution. I wouldn’t have a gripe with Wells Fargo if that was all that ever happened. But they did things later on in my life like when I rented a car, they sent me on an overdraft-fee spiral that made my account -$5000 by the time I called the bank. They undid the erroneous charges after lots of shouting.
Later on, I had no choice but to finance a vehicle through WF, I will save the whole, long, horrible story and the shouting matches, but to give an idea how bad-faith they are, they fucking REFUNDED ME THE ENTIRE CAR with a series of “apology checks” over a period of three years after they repossessed it wrongly.
The only reason I didn’t lose tens of thousands of dollars to Wells Fargo is because I learned to fight, fight and scream and yell when they tried to scam me. This shouldn’t be on the customer to be aggressive and angry just to guarantee normal business.
It’s gone so well for us in the UK, I can’t imagine the entire organisation being asset stripped and then held for random at the taxpayer’s expense.
WELLS FARGO??
If I was put in charge of a privatized Post Office I 'd start by stopping regular mail service and focus on packages. Just not profitable enough.
Thank you for articulating one of the many reasons that it should not be privatized.
It’s a public fucking service. It’s not supposed to be profitable. It was never intended to be profitable. Asking “but where’s the profit” about fucking EVERYTHING is literally the cancer that’s killing our civilization in general, and this country in particular.
And that’s what they mean when they want to run the government like a business… It’s been clear from the current administration that their goal is to get rid of everything that doesn’t bring in profit… Because the numbers must go up… It’s so frustrating… This is just another level… The business’s that lobby to make everything shitty are now trying to cut out the middle man I guess…
I agree. I am was just talking about a hypothetical privatized postal co. It is a service. Imagine how many people would send Christmas cards at $10 a card.
The vast, VAST majority of physical letters that are sent out these days are mass mailers from corporations or hard copy documents. I’d be willing to bet that the average zoomer has probably sent less than 10 actual letters in their life.
Some things -and I know this is wild- do not need to be profitable! Courts, fire departments, schools… There are segments of a functioning society that have nothing to do with making money! I know it sounds Cuckoo bananas and like some woke Marxist shit but those beloved Founding Fathers they talk about on Fox News wrote about weird ideas like “Common Defense” and “General Welfare” and “Pursuit of Happiness” Not so much on profitability.
They want to privatize schools too. They are morons whom probably drank to much lead as kids.
These are the folks that don’t understand King Midas is a cautionary tale.
Profit shouldn’t be the point
