I called the Wells Fargo ethics line and was fired (Where is Warren Buffett, who controls 10% of Wells Fargo, on this?)

Image: AP
Image: AP

Wells Fargo is Warren Buffett’s bank. (He holds 10% of it.)

Wells thought it could weather the current fraud storm just by firing a bunch of underlings. But the underlings weren’t the ones who developed and encouraged the fraudulent policy of charging clients for “ghost accounts.” It was company leadership.

Seems this sort of thing is (supposedly) anathema to Warren’s down homey philosophy of finance. One would think he’d want to weigh in and set shareholders,

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Truly open social media? New site with momentum, GAB

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We post this for our readers’ information. Whether GAB takes off is an open question. (To say the least.) Most social media alternatives have a hard time carving out a space for themselves these days. But GAB says that it will truly be a censorship free platform. In that case it’s at least worth checking out.

Click here.

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People are ditching their apartments to live the ‘van life’

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I actually don’t see this as all that bad. If I was young (alas I am no more) and single (and I mean no girlfriend) I’d consider doing this for a while. Of course I also used to have a 1978 VW bus and was prone to following the waves up and down the East Coast in another life so maybe I’m an outlier.

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This is not my old bus but it looked just like this.

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Early Bailout Warning! Reckoning Comes for U.S. Pension Funds as Investment Returns Lag

Oh thank goodness, the public pension unicorn has come to save us!
Oh thank goodness, the public pension unicorn has come to save us!

Many people still don’t know that the bailout of GM and Chrysler was about bailing out politically important UAW union members with your money as much as it was about bailing out of 2 inferior car manufacturers with your money. (Though I must admit I had a Town and Country van that was pretty good – mostly. Not like my Honda, but still pretty good.)

For years prior to the 2008 Crash financial people had hemmed and hawed about the unsustainability of the auto worker’s pensions.

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David Brock Again: Money Laundering Scheme Exposed – 14 Pro-Clinton Super PACs & Non-Profits Implicated

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This is diabolical. David Brock, head of the de facto Ministry of Information Media Matters and all around crony apologist for Soros, Obama, and Clinton has a crazy thing going according to this report. Talk about churning a book of business. This is how to get rich in Washington DC.

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Another Socialist Hellhole: Armed Gangs Are Taking Over Hospitals in Venezuela

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Funny, the statists always warn that without big intrusive government societies go haywire. But we have seen over and over and over that this is simply not true. In fact where government has a light hand and the rule of law upheld the typical result is prosperity.

However what we also see over and over and over is that countries that embrace big government have a tendency over time to turn into hellholes.

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How local police departments are becoming “mini NSAs”

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Big Brother has little brothers across the country and the little brothers are becoming more and more powerful as they collect more and more data. (Just like Big Brother.) Add that the ability to crunch this data is becoming less expensive (nearly “free”) and quicker with each passing day and it isn’t heard to extrapolate where we are headed.

Do we want to be monitored 24 hours a day? Because that is the trajectory we are on.

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CEO of Gallup polling explains the quiet economic desperation of many Americans

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Some people are mystified by the rise of Trump. Why does this man appeal to so many and indeed appears now to be appealing to many who had previously dismissed him? What is this economic insecurity we hear about? Isn’t the unemployment rate under 5%? That’s good right? Why aren’t people happier?

Because for many people life under Obama has gotten tougher, much tougher. The misguided policies from the Fed in tandem with a massive increase in red tape handed down from the current administration has retarded growth and real progress.

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