My Story

Thursday, November 17, 2011

We're in a recession and Wells Fargo's profit is up??



http://www.forbes.com/sites/steveschaefer/2011/07/19/alls-well-with-wells-fargo-profits-up-29-to-3-9b/



According to this article that was in Forbes, although people are loosing their home and struggling-Wells Fargo continues to gain profit. CEO John Stumpf of wells was quoted in Wells Fargo news release back on Tuesday, July 19, 2011

“While the economic recovery continues to be slower than expected, there are signs that businesses are investing for growth, and we’re here to help them. We’re enjoying strong loyalty and market share growth as we continue to focus on helping our customers emerge from the economic downturn.


So Mr. Stumpf, how are you helping us now? 36 years of paying mortgage isn’t enough?  

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