Wells Fargo, it ain’t your great-grandpa’s stagecoach anymore

from Intrepid Report, By Jerry Mazza   Posted on August 9, 2013

Wells Fargo is your neighborhood mega-money laundering, drug war profiteering, prison-industry enlarging bank, one big elite networking operation that’s not afraid to get its hands covered in blood money. Yes siree, they’re a whole new coach of pain on wheels, coming right at you.

In late July, Wells Fargo surpassed the Industrial and Commercial Bank of China (ICBC) as the world’s largest bank by market capitalization. This followed Wells Fargo reporting a 19% increase in profits over the second quarter as the bank has been busy consolidating the housing market while other big banks have retreated from it. Wells Fargo had amassed a share of almost 40% of the U.S. mortgage market by early 2013. If this were the old Wild West, Jesse and Frank James would be riding shotgun for it.

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