35 Burst results for "Fargo"

If California Weather Was Like North Dakota, There'd Be Nobody Left

The Charlie Kirk Show

00:41 sec | Last month

If California Weather Was Like North Dakota, There'd Be Nobody Left

"But it's great to be here. I love California. Let me say this this way. I love parts of California. Well, I don't know. Let me say it differently. I love the people of Calvin. I love some of the people of California, but I have a whole theory on California, and it really is a test of how important is whether in your life. That really is the question, right? I mean, you wake up, I woke up very early this morning. And a morning in Southern California say, all right, 18% income tax, homelessness, vagrancy crime. All right, if this is the trade off, then so be it. It really is the great test of weather. Because I guarantee you if California was like Fargo North Dakota in the winter, there would be nobody left.

California Calvin Southern California Fargo North Dakota
Homa steady in Sunday duel, gets 4th tour win at Wells Fargo

AP News Radio

00:35 sec | 2 months ago

Homa steady in Sunday duel, gets 4th tour win at Wells Fargo

"Thirty thirty thirty thirty one one one one year year year year old old old old Max Max Max Max timers timers timers timers held held held held his his his his nerve nerve nerve nerve on on on on the the the the back back back back nine nine nine nine to to to to secure secure secure secure it it it it to to to to shot shot shot shot victory victory victory victory at at at at the the the the Wells Wells Wells Wells Fargo Fargo Fargo Fargo championship championship championship championship the the the the California California California California broke broke broke broke out out out out of of of of a a a a tie tie tie tie for for for for the the the the lead lead lead lead with with with with a a a a birdie birdie birdie birdie at at at at ten ten ten ten and and and and saw saw saw saw his his his his lead lead lead lead states states states states or or or or between between between between three three three three Shelton Shelton Shelton Shelton one one one one throughout throughout throughout throughout the the the the back back back back nine nine nine nine but but but but a a a a solid solid solid solid power power power power of of of of the the the the last last last last gave gave gave gave him him him him a a a a final final final final round round round round sixty sixty sixty sixty eight eight eight eight a a a a total total total total of of of of eight eight eight eight Honda Honda Honda Honda and and and and secured secured secured secured his his his his fourth fourth fourth fourth career career career career win win win win until until until until his his his his second second second second for for for for the the the the season season season season gegen gegen gegen gegen Bradley Bradley Bradley Bradley lost lost lost lost his his his his chance chance chance chance to to to to steal steal steal steal a a a a last last last last topic topic topic topic three three three three when when when when he he he he topped topped topped topped the the the the second second second second shot shot shot shot from from from from a a a a fairway fairway fairway fairway bunker bunker bunker bunker falling falling falling falling back back back back into into into into a a a a tie tie tie tie for for for for second second second second with with with with Matt Matt Matt Matt Fitzpatrick Fitzpatrick Fitzpatrick Fitzpatrick and and and and Cameron Cameron Cameron Cameron young young young young I'm I'm I'm I'm Graham Graham Graham Graham like like like like us us us us

Max Max Max Max Timers California Wells Wells Wells Wells Fargo Bradley Bradley Shelton Shelton Shelton Shelto Honda Cameron Cameron Matt Matt Matt Matt Fitzpatric Graham Graham Graham Graham United States
"fargo" Discussed on The Big Picture

The Big Picture

04:29 min | 3 months ago

"fargo" Discussed on The Big Picture

"And that's cool. And so I think it's definitely regarded now as like an old school mainstream traditional Oscars holdover. Which I think is a little a little unfair. I think it's like, as a movie itself, it's one of the lesser offenders in that space. So obviously it has its issues. Should it be like one of the ten, one of the great Oscar movies that won like 7 or 8 or 9 Oscars, I mean, it's strange in film history, but all of the craft awards that you just mentioned. I'm like, probably deserves every single one of them. Like this movie is like amazingly well made. And this is like my frustration with all of the movies that are supposed to be a man in movies now where they just look like crap. And nobody spends any time or money or puts any thought to like the feel and the craftsmanship and the what can happen when you have this big canvas and a lot of people spending time. So I probably deserves all of those awards, but is it like the original west side story or no? But it's tier B, I would say from those movies that will be talked about 100 years from now. It's probably not that. And I do think that there is a little bit of a wine stink on it because it's not so much the film itself and Harvey Weinstein quite famously equated these stately literate films as like a key to respectability. Even going back to Peter biscuit's book down in dirty pictures. There's a lot of exploration of their background and their sense of kind of like middle class them and kind of striving to be considered great artists and operating in the world of literary cinema and so industry acceptance in addition to money in this movie did make a lot of money. A movie like this with really no true movie stars, making almost $250 million around the world, that also is like forget about it. That's never happening again. This world, you can't even get a version of a movie like this that looks good. Let alone one that a quarter of a $1 billion worth of people are gonna go see. So it does feel very much like a relic of a lost time. Let's use that as an opportunity to transition to Fargo. Does Fargo feel like a relic of a lost time to you? No, just because it's such a predictor of everything I understand both about the Coen brothers movies and also just people trying to rip it off for 25 years now. It's so predictive. It feels like the opposite in a lot of ways. I feel like so much and I don't want to get ahead of ourselves, but of course there is a Fargo television show, but it feels like so much series television uses the exact tone of this movie, which is like fucking believe this is happening. Is this really funny or is this tragic? Right, and can they nail the tone? No, which is why this movie is singular and the Coen brothers are so special. But they're definitely trying. Do you want to give a little kind of logline intro to your relationship to it and kind of what this movie is? I'm sure many people who are listening have seen this perhaps probably more than the English patient despite the English patient doing better at yeah, well, so this is the Coen brothers 6th movie..

Oscars Peter biscuit Fargo Harvey Weinstein Oscar
"fargo" Discussed on The Big Picture

The Big Picture

04:11 min | 3 months ago

"fargo" Discussed on The Big Picture

"Very well done. I still am basically where I was when I was 14, which is I'm holding in against the standard of Fargo, which I also rewatched in which I continue to am kind of amazed by and it just says a lot about me, I'm sure. But knowing that it's very difficult to accomplish a film like this, to pull a movie like this off. And to make it make sense and to make it feel propulsive and to make to really slip into the romance and the sense of longing that is really powering the story. And I thought, so I thought it was very effective. Will I ever watch it again, is something I've thought about. Probably not. So I'll share a bit about my rewatch. I did rewatch this movie and I, in fact, rewatched the entire thing and texted one of my good friends. Will a halfway through and I was like, hey, I'm rewatching the English patient for work. So I can't just fast forward to the Al mashi and Catherine scenes, which is like how I've definitely seen half of this movie. 15 to 20 times. You know, and I can do it. You know, it's like the wind scene in the car. And then the bathtub and then Christmas. And then, you know, he gets really drunk. And then I know all the highlights of that romance and I too am reminded every time that Willem Dafoe is in this movie. You know what I mean? I'm just like, oh, right, there's this whole thing, and you lost your thumbs, and that's pretty tough. And you're gonna help us solve a crime, but well, I guess it is a crime. It's like a spy mystery basically. Maybe it's a betrayal, for sure. I wouldn't say that everything he did was that Al mashi does his noble. No. But, you know, I'm just there to watch the love story and frankly like the sex scenes a bit..

Al mashi Fargo Catherine Willem Dafoe
Embiid has 35 points, 17 rebounds as 76ers beat Cavs 118-114

AP News Radio

00:41 sec | 3 months ago

Embiid has 35 points, 17 rebounds as 76ers beat Cavs 118-114

"Jo Ellan be tallied a game high thirty five points and seventeen rebounds to help the seventy Sixers but the Cavaliers one eighteen one fourteen and B. dot Philadelphia off on the right foot as the Sixers raced out to an eight three to four lead behind a beat first quarter effort to thirteen points and eight rebounds we moved up at the store where do brother focus office discussing your machine there that long but we're going to also be for post Watergate he helped Philly stay red hot on the road winning for the sixth time in seven tries away from the Wells Fargo center the Cavaliers fell for the third time in the last four games as they struggle to stay ahead of the raptors for the sixth seed in the east Darius garland paced Cleveland with twenty two points and seven assists I'm Danny cap

Jo Ellan Sixers Cavaliers Philadelphia Wells Fargo Center Philly Darius Garland Raptors Cleveland Danny Cap
US jobless rate sinks to 4.2% as many more people find jobs

AP News Radio

00:50 sec | 7 months ago

US jobless rate sinks to 4.2% as many more people find jobs

"The the latest latest jobs jobs report report as as provided provided a a mixed mixed picture picture that that still still points points to to a a resilient resilient economy economy employers employers added added just just two two hundred hundred ten ten thousand thousand jobs jobs in in November November the the few few wispy wispy nearly nearly a a year year and and less less than than half half of of what what Wells Wells Fargo Fargo Serra Serra house house as as a a condom condom is is predicted predicted overall overall headline headline rate rate of of job job gains gains were were pretty pretty disappointing disappointing but but the the unemployment unemployment rate rate also also dropped dropped sharply sharply to to four four point point two two percent percent to to the the lowest lowest since since the the pandemic pandemic hit hit with with one one point point one one million million Americans Americans saying saying they they found found jobs jobs last last month month we're we're looking looking at at the the sharpest sharpest one one year year decline decline in in unemployment unemployment ever ever simply simply put put America America Americans Americans back back to to work work president president Biden Biden notes notes Americans Americans are are still still anxious anxious to to meet meet high high inflation inflation and and Omicron Omicron variant variant fears fears but but says says the the economic economic recovery recovery continues continues Sager Sager mag mag ani ani Washington Washington

Wells Wells Fargo Fargo Serra Serra Biden Biden America Sager Sager Ani Ani Washington Washington
NBC News Poll: In Texas, Voters Are ‘In-Between [Extremes] on Abortion’

The Charlie Kirk Show

00:24 sec | 10 months ago

NBC News Poll: In Texas, Voters Are ‘In-Between [Extremes] on Abortion’

"The two thousand twenty texas exit poll abortion should be always legal. Eighteen percent somewhat legal thirty percent almost always illegal thirty percents so sixty one percent of texas voters agree with this new texas voter law that restricts abortion to six weeks every single legislature across the country including in this wonderful state of fargo. North dakota you bet you were here.

Texas Fargo North Dakota
"fargo" Discussed on Clark Howard Show

Clark Howard Show

05:33 min | 10 months ago

"fargo" Discussed on Clark Howard Show

"Wells fargo in a spotlight again and not a good one. I got a special warning for you about this giant monster megabank and later a ponzi scheme warning for you about ways you need to be careful even when you hire somebody who you think is a respected professional so wells fargo which i have long referred to as a criminal enterprise impersonating a bank and you know i've always offered wells fargo a chance to rebut that and say i'm being cruel or dishonest or whatever but there's silence from them it also turns out there's a lot of silence from wells fargo and doing what they were supposed to to take care of people that they cheated over the years with a variety of things that wells fargo engaged in where they cheated people on auto loans. They cheated people by create doing identity. Theft opening accounts is if they were the individuals so that people could reach bonus levels and things like that. I mean it's unbelievable. The things that have gone on at wells fargo will now. There's a brand new report that from bloomberg that both the office of the controller the currency. That's a federal agency that usually only kisses up to the banks and the consumer financial protection bureau have warned that new sanctions are coming to wells fargo because they have not complied with the settlements that they reached in cheating people. It also came out this week in barron's magazine that one of the key architects of fraudulent activity at wells fargo is claiming the fifth amendment the right against self-incrimination hundreds of times on questions asked and so far no-one wells fargo has gone to prison not a soul for engaging in wholesale fraud against customers..

wells fargo megabank Wells fargo consumer financial protection bloomberg barron
Wells Fargo Launches Passive Bitcoin Fund for Rich Clients

The Breakdown with NLW

02:13 min | 11 months ago

Wells Fargo Launches Passive Bitcoin Fund for Rich Clients

"Wells fargo has registered a new private bitcoin fund with us regulators. The fund is operated in partnership with the breakdown sponsor night gig as well as investments who've worked together on other funds such as i believe the morgan stanley bitcoin funds. According to a coin desk source the new wells fargo fund is passively managed earlier reports had suggested it would be an actively managed fund for wealthy clients on top of the wells fargo news j. p. morgan's passive bitcoin fund. Also a partnership with nine was also filed with the sec. Today so if you wanna know what people think of bitcoin just keep watching what they do not what they say next on the roof today. These scars of past crypto winters run deep according to a report from the wall street journal coin. B.'s has a pretty significant cash reserve at the end of june those reserves stood at four point three six billion dollars. That's up from one point. One billion at the end of last year quinn basis. Cfo lsu haas said we want to ensure that we maintain those cash reserves so can continue to invest and continue to grow our products and services in the event that we go into crypto winter. She also said that part of it could go towards acquisitions. I just want to point out that in a market that so many think is absolutely batty because it's disconnected from fundamentals. Queen base as a company is not only profitable but is keeping a large number of cash reserves on hand in the event of a rainy day. Something which basically no other companies do. So i don't know. Man maybe crypto has something figured out that other industries have forgotten last on the brief today. Brian quinn tens is stepping down from the cftc. Brian quinn tens is one of the most vocal advocates for crypto among the us regulatory ranks. The commissioner's term technically expired. Last april and he had previously planned to step down by october twenty twenty but ended up sticking around which he's legally allowed to do until the end of this year. He has been fierce about giving crypto a fair shake in policy discussions as well as advocating for the cftc's role in regulating crypto. According to the wall street journal he'll be gone by the end of the month and headed to the private sector where he intends to quote keep innovation particularly related to crypto currency and defy relevant to my career

Wells Fargo Fund Brian Quinn Cfo Lsu Haas Wells Fargo Morgan Stanley The Wall Street Journal Morgan SEC Quinn United States Cftc
US Hiring Surges In July, But The Variant Is The Wild Card

AP News Radio

00:47 sec | 11 months ago

US Hiring Surges In July, But The Variant Is The Wild Card

"Even as the economy shows signs of a surprisingly strong pandemic recovery there are fears of resurgent virus could send it back the delta variant is the wild card but the White House says the nation shouldn't worry much about its effects on the economy this is not March twenty twenty or even January twenty twenty one spokeswoman Jen Psaki says the country is in a much better place with vaccines there will not be lockdowns we are not turning back the clock Wells Fargo senior economist Sarah house says she doesn't expect any widespread restrictions that would badly hurt the economy but the delta spread may have some impact that might lead some people to to curbs on their outings and and spending and therefore potentially some from hiring Sager mag ani Washington

Jen Psaki Sarah House White House Wells Fargo Sager Mag Ani Washington
If You Don't Like The "Woke" Nonsense, Stop Using The "Woke" Banks

The Charlie Kirk Show

01:50 min | 11 months ago

If You Don't Like The "Woke" Nonsense, Stop Using The "Woke" Banks

"Look we all complain. About the woke industrial complex the woke marxist that are running our schools that are running media and yes also running our banks. You see like the real estate market. It's red hot tyler. He just sold his home and he said charlie. I've never seen the market so unbelievable. So maybe you want to go buy a home. Maybe they're taking advantage of low interest rates with all the economic uncertainty underway. People need to invest in real stuff. So here's a rule of thumb. We hear our solution based show. So if you don't like the woke nonsense stop using the woke banks. It's that simple. No more wells fargo. No more j. p. morgan no more goldman sachs no more big bank culture instead. I have these two great friends and they do a great job. It's andrew and todd andrew del ray and todd avakian. They love the lord. They are christians. They are honest. They are straight shooters and they are a mission to make sure that you guys can refinance but be told the truth. Look when i took out mortgages for the properties that i have. It was one of the worst experiences i've ever been through. Yes some of the people. Were very nice. But i could tell you. The bank itself was just so bureaucratic and hard to work with my producer. Andrew is working right now with andrew and todd to fight against the woke banking culture. And he tells me that they're part counselors part financial counselors planners. And they're really helping and so here's the thing andrew and todd our mortgage bankers they're not brokers that means andrew and todd and their team can take care of your loan personally from start to finish. You'll likely actually talked to andrew and todd yourself to right now. Maybe you're walking. You're like i want to refinance the home. Or maybe i'm under the process stop it no more wells fargo their funding a billion dollars. The belove inc drives me

Todd Andrew Del Ray Todd Avakian Andrew Tyler Wells Fargo Charlie Todd Goldman Sachs Morgan Belove Inc
Biden's Senior Advisor Admits Latest Eviction Ban Is Unconstitutional

Mike Gallagher Podcast

01:24 min | 11 months ago

Biden's Senior Advisor Admits Latest Eviction Ban Is Unconstitutional

"Gene sperling is joe biden's senior adviser. Here's a senior adviser at admitting that extending the ban on evictions for people who won't pay rent is unconstitutional to date. The director and her team have been unable to find legal authority even for a more targeted eviction moratorium that would focus just on counties with higher rates of of kovic. This is a president who really understands the heartbreak of the fiction. He is the reason why he is pressing and pressing. Even when legal authority look slim is because he wants to make sure we have word. Every potential authority. Can you believe this. Jr here's the legal authority. Looks slim but he knows the heartbreak of addiction. Does he know the heartbreak of people losing their livelihood when they can't get rent when they're not receiving the rent payment. That's do what about the heartbreak of people who know that wells fargo needs the mortgage payment. They're not gonna they're not waving it away. I got to pay the bank. I gotta pay. What about that

Gene Sperling Joe Biden Wells Fargo
"fargo" Discussed on Money Rehab with Nicole Lapin

Money Rehab with Nicole Lapin

03:22 min | 1 year ago

"fargo" Discussed on Money Rehab with Nicole Lapin

"Knowing that you're eight hundred dollar wrench check is gonna clear no problem but because wells fargo had moved that money into a different account bom the customer would accidentally overdraft and have to pay a fee. And who would that fee to wells fargo. Of course this happened to tons of people. I'm not one to say. I told you so but if i was i would say again guys. Never opt into overdraft protection eight will by y'all in the ass if you can believe it. It gets worse. According to cnn wells fargo employees also submitted applications for more than five hundred sixty five thousand credit card accounts without their customer's knowledge or consent and roughly fourteen thousand of those accounts incurred more than four hundred thousand dollars in fees including annual fees interest charges and overdraft protection.

wells fargo cnn wells fargo
Marc Jacobs Runway Sets Bergdorf Goodman as Exclusive Retail Partner

Pop Fashion

01:40 min | 1 year ago

Marc Jacobs Runway Sets Bergdorf Goodman as Exclusive Retail Partner

"Jacobs is partnering with bergdorf goodman as the designers exclusive retail partner. So marc jacobs skipped the past two seasons of showing a collection which is significant. He presented his fall collection at the new york public library and projected the runway show on the building of bergdorf goodman on fifth avenue simultaneously which is pretty dope. It marks the beginning of a partnership between the designer and a store. Just a new iteration with that. Because he's been a part of that store for a long time bergdorf goodman will be the exclusive retailer to sell his runway collection. This fall it will be in stores and online and october jacobs said that the store has been a supporter of his since the mid nineteen ninety s the bergdorf goodman fashion director. Linda fargo said quote. I think we've had him at bergdorf since the mid nineteen ninety s. And as far as i'm concerned he's as much a part of the fabric of the store as the main floor chandelier adorable compliment to be compared to a lamp. I may add like you all sparkley. You are part of this building. The collection will not be available in jacob's own stores. That's this significant like they are the exclusive partner. His stores will only feature his contemporary. The marc jacobs line his street. Where line haven or his off price

Bergdorf Goodman Jacobs Marc Jacobs Bergdorf New York Public Library Linda Fargo Jacob
"fargo" Discussed on CRUSADE Channel Previews

CRUSADE Channel Previews

03:47 min | 1 year ago

"fargo" Discussed on CRUSADE Channel Previews

"See it also has a at with. Its latest move. Wells fargo warn customers at the account. Closures may have an impact on your credit score. So you guys are saying that can continue to pay. I don't think so. I actually don't think you can continue to pay because remember if you look at this and i did this when i was a collection agent those pages of documents they you signed for those loans. You give the bank access to all kinds of abilities. Here's an example. I forgot the actual name of the maneuver. But when i worked as a collection agent we had the ability if you had a bank loan and end a checking account in the same bank. Let's say at wellsfargo. You had a loan out for a car and you had a checking account and you were thirty one. Thirty two days late. We could check your checking. We can look at your checking account and if you had enough to pay the bill. Guess what we did. We took your money and paid the bill. We get calls from angry. Why do i have to do dollars in my bank account. I gotta eat this week and people would go. Listen bro. you're thirty days late. We took the money to pay your bill. You don't understand a collection. Agent is somebody that collects on past due bills home loans. Car loans are the most personal lines of of Personal lines of credit things like that. It didn't happen a lot because at least in my group because my the the manager who ran my group d felt gross when he did it sometimes though he gave all through we had to get authorization from from our manager to pull that trigger. And that's just an example. When you sign those pages they can't just close the line of credit. Sounds like they're gonna sounds like there's going to be some passage in that legal ease. They you and i don't read. That gives them the ability to shut down these accounts whenever they want. Because they're not going to be like. Oh by the way this might impact your credit if they're going to allow you to continue to make payments they're shutting the suckers down without question another part of the frequently asked questions asserted that the account closures couldn't be reviewed or reversed. So you're gonna shut down your account. Let's see you need access to that. And you're done we apologize for the inconvenience. This line of credit closure will cause the account closure is final. It is final now. I wells fargo. Is playing this off like all wells because we did this stupid stuff earlier and now we got. I don't think so because they've been allowed the it was twenty eighteen at the fed. Did this so they were allowed to prosper for four years three years. Sorry math is hard for me now. They're shutting everything down if it was such a huge deal. Let me say this if it was such a huge deal at the time. Why didn't they not offer personal lines of credit. Why did they not do any of these things before..

Wells fargo wells fargo fed
"fargo" Discussed on CRUSADE Channel Previews

CRUSADE Channel Previews

07:33 min | 1 year ago

"fargo" Discussed on CRUSADE Channel Previews

"The foundations are stored is the epic seventeen. Dvd were streaming download series. That completely refuse that most pernicious of modernist errors evolution his forces visually stunning and has presented. So that lay people can grasp material and are themselves with true and the now necessary battle against the unscientific and diabolic evolution. Pushers the order's simply use our andy ordering save channel dot com forward slash adult. You can sample the first two episodes for free and believe me you'll be cooked and want to watch the rest of the course. This is of course in all facets of the mid that is evolution including biology cosmology and geology. Your first two episodes free foundations restored a catholic perspective on creation go to precede channel dot com forward slash. Adam that's per se channel dot com forward slash. Let's talk about the story that i am some of you. In the jabber microbes channel dot com said. Yeah i heard about this about this. The other day heard about this the other day or i got a letter sent me or whatever the case may be your your up to it as well. And that's the story that cnbc posted this morning about wells. Fargo n lines of credit. And how they're just going our just. We're just not doing it anymore. Do you mean you're not ever just not anymore. We're good do because we just don't we don't feel like it. So this is the acting offers of via cnbc. Dot com wells. Fargo is telling their customers. It is shuttering all personal lines of credit and nobody seems to even zero hedge. Those zero edgewood would have would have a heads up on even zero hedges and talking about this. And what's going on in this regard. I mean they're talking about other stuff but you would figure so pretty big deal in regards to the last time this happened. The last time this happened was in two thousand eight. Let's read the article. Wells fargo is ending a popular consumer lending product. Angering some of its customers. The bank is shutting down all in all not people with bad credit all existing personal lines of credit in the coming weeks and no longer offers the product. So if you have a personal line of credit active right now there's gonna shut you off gonna shut you off with it. Thank you allegations for you. Twenty dollars donation sir. Greatly appreciated help and support the crusade. David's trying to warn you about this. I've been trying to do my best. Mike judge and try to do his best warning. You of a new this part of the great reset two guys. This is definitely part of the great reset. And you're right people are right you gotta get your kingdoms in order you got to put yourself in a position where you own little debt as possible as little debt as possible. Yeah i don't know how they're doing it. But this is what they're saying the revolving the revolving credit lines which typically let users borrow three thousand one hundred thousand were pitched as a way to consolidate high interest credit card debt remember. They're doing this for the last year. Oh reconsolidate consolidate. Oh refinance get more money. Pay off your loans at blah blah blah. Now we're not doing that anymore. Let's see wells. Fargo recently reviewed its product offerings and decided to discontinuing offering new personal and portfolio line of credit accounts and close all existing account. So i'm guessing i'm guessing they're calling in these loans. They're calling if you have a low now. I don't know how they're gonna do it. But they're we're closing everything. They're shoring up their their financial their financial situation. What is the bank doing. Look at this. what is this bank doing. Its closing out as much existing debt that it owes as possible. Why would a bank do that. Why i'm asking you listener people in the chat room. Why would a bank closed all personal lines of credit and all its existing lines and not even offer it going forward who knows law right now saying that. It's shutdown these lines so i don't know how they're doing it all the bank's not going bust. They're just trying to weather the oncoming storm because people are going to be desperate and they know they need to have as much what they need to have as much liquidity as possible in the more personalized credit. That are out there that ties up their liquidity. Let's see here at the wells. fargo ceo. Charles schwab scharf has been forced to make difficult decisions during the covid. Nineteen wuhan superbug offloading assets and deposits in stepping back. All right this is part of the letter From some products because of limitations imposed by the feds neither blaming the feds two thousand eighteen. The fed barred wells fargo from growing its balance sheet until it fixes. Shortcomings reveal by the banks. Fake account scandal the asset cat has ultimately caused the bank billions of dollars in lost earnings based on the balance sheet growth of rivals is also affected wells. Fargo customers last year. The lender told it staff it was halting all new home equity lines of credit months later. The bank also withdrew from a segment of auto lending so the people are saying. They're trying to make their balance books. Look the better are correct now. There was a bagel. there's a big old lawsuit or there's a big hubbub do hullabaloo with wells fargo creating fake bank accounts to push up their numbers to make themselves look better in. This looks like it is a result of that. Let's.

fargo cnbc Mike judge Wells fargo wells Adam Charles schwab scharf David fed wells fargo creating fake bank
Wells Fargo Tells Customers It’s Shuttering All Personal Lines of Credit

Pat Thurston

00:42 sec | 1 year ago

Wells Fargo Tells Customers It’s Shuttering All Personal Lines of Credit

The Energist | Micah Renfro on Oil and Gas Startups

Oil and Gas Startups Podcast

01:36 min | 1 year ago

The Energist | Micah Renfro on Oil and Gas Startups

"Welcome back to yesterday's podcasts. We've got about a mica. Mike renfro the right. Okay just make sure with is an energetic. The energised the z. Energised mike what do you guys do with you. Just so we do executive recruiting and consulting visory Been around since nineteen seventy nine I haven't been there since. Nineteen seventy nine but the firm was. The firm was founded by a couple engineers and a couple of geologists that drew their rotation to think it was like west africa and they were in their twenties. And i don't want to go to west africa on rotation. Now i can't imagine back in the seventies wanting to go g and So they decided to start The energised is technical. People recruiting technical people. then. We've stayed in energy throughout to my knowledge where the one of the longest standing if not the longest standing energy focused recruiting firms out there head hunting firms out there and so i started working there about eleven years ago. Maybe ten years ago something like that started in investment banking kind of got my teeth kicked in that for a few years rather wells fargo fargo tweet san francisco and new york so go energy investment banking. Yes so i was in the capital markets group. So i say we did. Like i did pretty much spreadsheets. And kind of converting senior bankers notes So i didn't didn't really have a whole lot inputting any other stuff

Mike Renfro West Africa Mike Fargo Fargo San Francisco New York
"fargo" Discussed on Truth and Movies: A Little White Lies Podcast

Truth and Movies: A Little White Lies Podcast

06:40 min | 1 year ago

"fargo" Discussed on Truth and Movies: A Little White Lies Podcast

"You haven't seen fargo before here's a nice blurb reality based crime dramas that minnesota in ninety seven jerry. Linda god is a car salesman in minneapolis. Who's got himself into debt and is so desperate for money that he highest to folks steeper. Shamin pizza stole man to kidnap his own wife. Joy will collect the ransom for from her wealthy father paying the folks a small portion keeping the rest to satisfy his debts scheme collapses where the folks sheets a state trooper so this is the time it was seen as one of the great breakouts. But now it's almost you've now twenty five years ago it's early coen's atom wettest foggy llanview. What's your take on it sickly. Watching it actually. This was a very well timed rewatch. Because i was left with a gaping void with mayor of town finishing and so this is kind of. Yeah perfect spot for for monday night following that that show ending. And actually i've been reading a lot about murphy's donald people kind of talking about this kind of seemingly new sub-genre of women crime dramas and kind of tracing it back to things like ganga by actually think. Fog is really interesting precursor to something that murphy's town it's got humor received but i think is is darker kind of a fair around and i think goes a little bit softer although it has these moments of is punctuated by some quite intense violence but it just a really comforting film in a way House to describe it really and Have current this way if you ask me to name my favorite of their films. It's probably the last one i watched. So is just so tight. I think this phone united as we said it's it's very economic with its run time. I love the fact. And i always kind of forget this until i re watch it. I love the fact that you're introduced to the main character until about twenty minutes in or something. Which actually i mean. It's a fairly unconventional unusual thing to have that in in a film of this nature. And i think the way i mean. Obviously from dolman performance elevates this so much but the the way that you're introduced to the character and her story being kind of bookended by these very sweet quite intimate moments with an husband. Norman bed just kind of in their own very little space is just so beautiful and i love. I love the fact that they do that. Because it's kind of. I mean it does drive the plot forward a little bit but it's just really really kind of insignificant trivial detail. I suppose it's something which lot of directors would not even think to add basically but it really really rounds out the And kind of you know. Just just gives you so much in terms of her life and her backstory shoot otherwise maybe not get from a film this so yeah i think her performance especially is what makes this a good. And it's actually. It's we should say it's already different performance to maybe what we're more used to nowadays with things that people will land but yes she is superb in this. It is definitely film to watch now thinking about all the various paths. The people behind of the camera have been on frances mcdormand. It's relevant now because of nomad land feels like she settled into more of a screen persona. Which is frances mcdormand doing these roles whereas when she's marched gunderson she's very much buried into that performance and it's has those this wonderful quirks in the screenplay in the performance the accents and all that we should note seclude on twitter tweets. It saying march husband is one of the best examples of non toxic masculinity in the movies. And i think about a lovely relationship all the time absolutely true Love that it ends on them as well. Charles wettest fog. Oh land view in the coen brothers. Filmography praise non toxic. Masculinity is always sounded a bit like a shampoo brand today. That's not that's not my take on the film. That's just the last i had I think that when i was first Getting acquainted with sinophilia fargo was really consensus. Pick for greatest coen brothers of all time And having seen to mess with their films now. It's sort of clear my that is. It's definitely i think the most Lovable and approachable Coen brothers movie you think. Despite not being an outright comedy his funniest i think it is built around very manageable incomprehensible idea which is like what if it was a film noir set in a place that was blanketed entirely white. That's that's really how i look at it. Where you see films like martin thing or wasn't there Which i think are really for the real heads as they say which have sort of passing jumping invite you in as much as fargo dust. Which would i find it to be. Not only likes so fiendishly. Clever well-conceived i think it is just a really Enjoyable film it's mayes laugh. Cpa shemeit's rica form This would be. I would say talk briefly up there with a brother and serious man. Those are my. That's my top. I mean serious man would be a great tobel shiva baby. I think yes absolutely fred. Melamed double feature baby but For me this really fascinating adam. This is something we talked about quite a lot on these clubs that moments in the mid nineties. Where if you were an american filmmaker with your salts he sort of attracted some stylistic elements that you could almost call post tarintino We talked about lost highway. Being that for david lynch other we mentioned holiday being that for pta. Thomas anderson and this is where i don't think the coin's ever have this approach to violence certainly not guns blazing violence ever again. Maybe you could see some of that. This is used for comic effect in burn after reading much more than than slapstick way. Maybe true grit can say this. This feels very typically mid-nineties to me in that sense of error sideways. Look american crime genre but then fascinating see the everything is that we live by the coens. The character details the specificity. The brilliant character names all the characters have just wonderful names he chose. You mentioned that the idea that it's a knorr cetina.

minneapolis Thomas anderson twitter gunderson Charles nomad land twenty five years ago minnesota mid nineties shemeit monday night Linda about twenty minutes david Joy mid-nineties one today first american
Do Your People Believe You Lead With Fairness

Hacking Your Leadership

02:16 min | 1 year ago

Do Your People Believe You Lead With Fairness

"For this week's episode. I wanna talk about the interview. I just had with ron carucci author of the new book to be honest. The book details four factors company should look at. When determining whether they're at risk for the types of headlines we've seen in recent years from companies like wells fargo and volkswagen. This is a true thoughtful thursday. Because i've been thinking about something. Ron said to me this interview all day. You'll be able to listen to him articulate all this much better than me and a couple of weeks when his injury publishes but i did ask him what individual leaders can do to ensure their words and their actions line up with each other and with high standards of ethical honest leadership. He said something individual leaders can do right away is think about and write down ten different scenarios that might fallen an or moral gray area. Then give the list of their people on their team and ask them what they believe. The leader would do in these scenarios. How would they react. What would the outcome be. But the other thing they need to ask people to do is time how long it took to settle on an answer for each question. Do the inherently know how their leader would respond or did it take a minute or two to feel confident in an answer. I i love that. He had to write these things down. Anyone listening right now. Who has heard even one or two episodes of the show knows. Lorenzo and i are huge fans of writing things down as part of these exercises. It's much harder to let yourself off the hook when your commitments are staring back at you from paper but the reason is stuck with me all day since our interview is because thinking about doing this exercise with people reporting to me made me a little uneasy. Now i'd like to think i'm an honest ethical person. I like to think my people would know in a millisecond. What i do ethically gray situation but even if i'm an absolute pillar of honesty and integrity if i've not been purposeful with my people on making sure they see examples of this all. The time is getting the benefit of team. Who believes in me like they. Should you see if you're a leader of people. The appearance of propriety is just as important as actual propriety. The appearance of fairness and ethics is just as important as actual fairness and ethics. Knowing that you do the right thing even if no one was looking is great but if your people aren't confident you do it. It doesn't matter so the next time you find yourself having to make a decision where leaned on personal values of fairness integrity or justice. Be vocal about your decision making process with people. Show them examples of why these things are important to you. You never know you'll need them to give you the benefit of the doubt in the future.

Ron Carucci Wells Fargo Volkswagen RON Lorenzo
How to Get Business Credit, with Ty Crandall

The Money Advantage Podcast

03:03 min | 1 year ago

How to Get Business Credit, with Ty Crandall

"How did you get into credit in the first place. Well the first company ever owned was a mortgage company. And i own did back in two thousand six seven and i just thought i was a rockstar like wow. I'm just not true entrepreneur to be seven figures pretty quickly. Apparently is like you know pretty easy to do. When mortgages were spiking like the same as seeing with real estate now and then i was there and road that out until everything collapsed and at that point i was doing jumbo loans. My entire segment of that industry went away overnight and we went from producing a lot of money to producing no money and not having an ability to produce. We couldn't even place loans. The lenders weren't even accepting loans for months in what we were doing. And then we'll be on. So i kinda went through this process building successful business and then being there and watching it fail and i like a lot of business owner personally guaranteed credit lines. Credit cards. didn't think much about it but then the problem was was started to go late on some things for the business. Those in showed up on my personal credit report in a couple of things happen and i hadn't accounted for a thought well if the economy shifts i've had hundreds of thousands of dollars of revolving credit i've gone. All this money in the bank will what happened at that. Point was both things went when that stuff started. Hit my consumer poor all my credit card issuers. Lower my list. What i owed that crushed by credit scores and then at the same time of the banks that i didn't owed money to for the credit lines to the business came in literally removed all the money from all my bank accounts naaman all set so people. Listen i'm going to interject for a second. That is really scary. That's really scary. When you're in a position of saying. I have this credit limit. What could possibly go wrong. They shrunk your credit when they lowered your ceiling and then suck money out of your counts. That is terrifying. Sure going over much happens in the credit system that credit bureaus get alerts when thanks change and what people don't understand is that there's something called the small business financial exchange and in order to be part of the small business financial exchanges to give get metality so all the major banks all the major credit card. Issuers are part of it. And what happens. Is they openly exchange information with each other whether it is or is not on your credit report so if you fill out an application for a credit card or for loan at bank of america well most people don't realize is wells fargo chase. They all have that information eating medial acceptable when you do so this even can help them trigger alerts when things change so if you have five credit card companies and you go late on one whether reports are a dozen than the other ones no and immediately typically than lower your limits and since available credit is thirteen percent of your score thirty score. I mean just your score overnight can go from seven hundred fifty seven sixty down to five twenty like it did and then your ability to use that credit to be able to rebound goes away. That's very real. What happens when you go lay on any accounts which is one of the reasons you wanna keep accounts putting on your business credit reports not your consumer but the second part was scary too because when they remove all your bank not even money. That's their right. You have checks written against so all kinds of of adverse consequences happened. All these checks bounced utilities. Are getting shut off. Things happen as a result of that

Naaman Wells Fargo Chase Bank Of America
Elizabeth Warren Spars With JPMorgan Chase Head Jamie Dimon on Overdraft Fees

CNBC's Fast Money

01:17 min | 1 year ago

Elizabeth Warren Spars With JPMorgan Chase Head Jamie Dimon on Overdraft Fees

"The nation's top bankers taking some serious heat today on capitol hill see. Jp morgan citi goldman wells. Fargo morgan stanley and bank of america. Kicking off two days of testimony before congress. And if you wanna taste of how things went down. Check out this exchange between senator elizabeth warren and j. p. morgan ceo. Jamie dimon mr diamond. How much did j. p. morgan collect an overdraft fees from their consumers in twenty twenty. Your i think your numbers are totally inaccurate but blessed temporary public. I also want to point out. We did not overdraft. Can you just answer my question. John anymore than over and how much in fact to jfk mortgage collect an overdraft fees from their customers in two thousand twenty the number. I don't remember in front of me. I actually have. Non exceed three billion dollars. We waived the fees for customers upon request if they were under stress because cove it. But you can fix that right now. Mr diamond will you commit right now to refund a half billion dollars you took from consumers during the pandemic. Not pretty

Jp Morgan Citi Goldman Wells Fargo Morgan Stanley Senator Elizabeth Warren Morgan Jamie Dimon Bank Of America Congress John Mr Diamond
Amazon to Buy MGM Studios for $8.45 Billion

Morning Becomes Eclectic

00:55 sec | 1 year ago

Amazon to Buy MGM Studios for $8.45 Billion

"MGM for a $0.45 billion MPR's mentally Del Barco reports. It's a second largest acquisition for the company after purchasing whole foods. Amazon already runs a film studio, prime video streaming service and a video game streaming site. But the MGM deal is its biggest move into entertainment. Amazon will assume MGM is debt, and it will also get the rights to the Golden Age Studios, film and television library. With its mascot Lion roaring logo, MGM made such movie classics as singing in the Rain and 2001. A Space Odyssey. MGM also owns the epics Cable Channel and runs a TV studio that produced the Handmaid's Tale and Fargo. Bond. James Bond. MGM also shares the James Bond movie franchise with a family that controls the double. Oh seven movies. Mandali del Barco. NPR News

MGM Del Barco Golden Age Studios Amazon James Bond Fargo Mandali Del Barco Npr News
Amazon Nears Deal to Buy Hollywood Studio MGM

WSJ Tech News Briefing

00:32 sec | 1 year ago

Amazon Nears Deal to Buy Hollywood Studio MGM

"Report exclusively. That amazon is nearing a deal to buy the hollywood studio. Mgm for almost nine billion dollars including debt. People familiar with the matter. Say an agreement could be announced as early as this week. Mgm's library includes classics. The james bond franchise rocky and the pink panther as well as hit shows like lose the handmaid's tale and affects is fargo. Those shows could help drive subscribers to amazon prime streaming service if the deal goes through the second biggest acquisition in amazon's history after its purchase of whole foods in two thousand

MGM Amazon Hollywood James Bond Fargo
Why Tesla Stock Jumped on Monday

Tesla Daily: Tesla News & Analysis

01:49 min | 1 year ago

Why Tesla Stock Jumped on Monday

"Robin our here today. We're gonna be talking a little bit about tesla stock tests approach with their sensor suite. Plaid delivery timelines. We've got wells fargo. Picking up coverage of tesla stock. Some news on charging and batteries. Nice start to the week. Four tesla's stock today after a relatively quiet news weekend finishing up four point four percent to six hundred and six dollars four cents that compared to the nasdaq up. One point four percent tussle dead tail off a little bit towards the end of the though falling about one percent in the last half an hour well as luck would have it alanis tweeting about bitcoin and does in the last half an hour about eighteen minutes before market close. He tweeted quote spoke with north american. Bitcoin miners they committed to publish current and planned renewable usage and ask miners worldwide to do so potentially promising and quote couple minutes after that he switched over to doj saying quote. If you'd like to help develop those please submit ideas on get hub and read it and quote so inevitably you see that you see out. Great yuan taking the stock again talking about cryptocurrency. Someone already tag me on twitter suggesting this and if you're just casually looking at the stock yes absolutely looks that way but again it is not that simple if we pull up the minute by minute. Chart here tweeted again. Eighteen minutes before close dessel was at about six hundred ten dollars per share at that point in time it had already dropped from six hundred and fourteen before john even tweeted that if we flip over to the nasdaq you can hardly tell the difference there in the last half an hour with how those look the nasdaq trails off there as well and continued to fall in the last eighteen minutes. Just like tesla did in fact tests actually dropped more in the ten minutes before ilan's tweet actually more than two times as much of a drop their as it did ten minutes after tweeden about cryptocurrency even though the nasdaq performed worse in that second block of ten minutes after alonzo tweet so just like before. Yes tempting to throw that in as the narrative you see the stock falling right when you on tweets. But it's just not that simple and this instance is definitely not evidence of that being the case

Tesla Wells Fargo Alanis Robin Dessel DOJ Twitter Ilan John Alonzo
"fargo" Discussed on WZFG The Flag 1100AM

WZFG The Flag 1100AM

04:59 min | 1 year ago

"fargo" Discussed on WZFG The Flag 1100AM

"Satellite solutions Postgame show. I'm James McCarthy with J stamen. I'm going to do one long segment for you Get out of here so that you can rest your eyes for flag sport Saturday that starts right at 9 A.m. Brighton early tomorrow morning. The Shelley Deacon's offense came out kind of flat today. The West Fargo offense did not and the West Fargo Packers jumped out to a 28 17 a half and they didn't look back as end up taking this one. 35 to 21 part. Thanks, Toe. Five forced turnovers by that packer defense. That was this ferocious this evening? Yeah, I thought it made a statement on on the opening drive that the West Fargo. Ah, Packer's defense looked like they were here to play ball tonight, and obviously they Were able to close out that first drive from the Deacons when they went for it on fourth and short in deep inside their own territory, And I really think that play kind of really set the tone for the rest of the evening, because not only did was Fargo get to stop. They went down there often so good. They took advantage of the size mismatch between the wide receivers of West Fargo. And the defensive backs of Shanley. I mean, from what I you know, I had kind of scene on a cursory overview of the two teams. Shanley was able to put up points and West Fargo when they play. These top teams are unable to really get things going. They had one touchdown tonight. They've got five touchdowns and their offense in the first person in the first half looked fantastic with being able to use that size of their wide receivers against the Shanley. Deacon's Yeah, it was a very impressive performance all around for the West Fargo Packers. I was Tremendously impressed with them as they came into this game three into the to their two losses were the top two teams the EEC and is right now The score is not quite went final yet, but it is currently still 29 0, The Cheyenne Mustangs. Leave the Davies. You will. So it's looking to be at the end of tonight. It should be the Cheyenne Mustangs at five and go in first. Davies Eagles will be at second and five in one. And then you're gonna have the West Fargo Packers at third and foreign to the Shelley Deacons at foreign to are going to be in fourth place, So those should be as of right now, unless something were to happen Fargo self. They have three wins on the year, so There's something word there could be some fireworks in our final week. Tio possibly push for some type of postseason difference. But right now you're gonna have Cheyenne Davies. West Fargo and Shanley as your four teams that it would be poised for the state tournament at this point, Yeah, I mean, the way things were going, Fargo Fargo styles is going to play West Fargo, Cheyenne and try and beat them to have any kind of chance of tiebreakers. Ah, and what? Not, and the last I saw there were two and three, but I wasn't sure if tonight's win put them at three and three. So there they might be stuck on the outside looking in because we've got for very good teams here in the East. Obviously, Cheyenne it's gonna be a tough matchup for anybody. Um, and then. Second place right now is Davies because it looks like we're waiting for that one to go final, but a big game here for West Fargo to to maybe get a better match because if they're stuck in that four seed, not only Are you stuck in fourth place You've got far with south of something weird happens in Fargo. South is able to knock off Cheyenne and a big upset next week office in West Fargo. You know, you've gotta meet Grand Forks Central to close out your season to get into the playoffs because you beat Fargo South, So ah, it seems like this win tonight by West Fargo really kind of takes any kind of Playoff implications. Kind of out of you know their hand. They took care of business tonight. They've got a very winnable game next week and West Fargo looks like they they should be potentially locked in is a three seat. I think there might be a slight chance for a two seed, but It looks like they're going to be three seat and be in the playoffs this year, and all that we've seen the last couple weeks is that Fargo? Davies After graduating, a handful of guys have wanted went and moved on in life and going to play college ball things of that sort. They're a very vulnerable team this year, so they're turning 29 to 0 to Cheyenne. We were there a couple weeks ago. Granted, it was a wet, rainy day. But Fargo self had a great game plan came in. And Davey snuck away with a 21 20 victory there last week. The Packers were playing played at Davies and Davies snuck that one out 16 to 7 that game. I believe I remember it was tied at seven at halftime. I think so on that. Yeah, And that was I mean, that was two weeks ago, actually, because the bio, so I mean they had that bye week, and it really looks like tonight. Like the West Fargo Packers worked on some things during the bye week and got more comfortable with some things. I mean, Obviously, the 11 thing that I know that we noticed in the second half, though, is that Yancey when he threw that one pass in the in the third quarter that they got picked off that set up Cheyenne to get on that run to score 14 straight points. He stared down his receiver, and you've got two receivers. You've been keying on all night in head, girly and barren Kat. And so you know when you had him zone in on that. I mean, if you can kind of, you know, create some other mismatches and one not so that we don't know where he's looking too. You can get some things done with the size that they have a wide receiver. Satellite solutions has been your local source for dish and direct TV for the last 20 years and counting their family owned and operated company that can provide you with customs service that you.

West Fargo West Fargo Packers Fargo Cheyenne Davies Fargo Fargo Cheyenne Fargo South Shanley Shelley Deacon Packers James McCarthy Packer Brighton EEC Toe Shelley Deacons Yancey Grand Forks Central Davey
"fargo" Discussed on Stuff They Don't Want You To Know Audio

Stuff They Don't Want You To Know Audio

01:43 min | 2 years ago

"fargo" Discussed on Stuff They Don't Want You To Know Audio

"You hate social media. <Speech_Male> <SpeakerChange> <Speech_Male> What then <Speech_Male> you could give us a <Speech_Male> call. Every number is one <Speech_Male> eight. Three Three <Speech_Male> S. T. T. <Speech_Male> W <Speech_Male> K. We've <Speech_Male> been going through a <Speech_Male> ton of messages <Speech_Male> lately. Please <Speech_Male> call us. We <Speech_Male> are waiting to hear <Speech_Male> from you. <hes> <Speech_Male> we <Speech_Music_Male> <Speech_Male> we may. <Speech_Male> We may <Speech_Male> respond <Speech_Male> with a call <Speech_Male> in kind or <Speech_Male> we might just you know. <Speech_Male> Listen and <Speech_Male> then talk about it here. <Speech_Male> We've got a huge <Speech_Male> dock now running. <Speech_Male> <Speech_Male> It's great so <Speech_Male> please continue to <Speech_Male> write to us. Give us your thoughts <Speech_Male> on this episode <Speech_Male> any other episode <Speech_Male> future one <Speech_Male> or just <Speech_Male> things you want to chat about <Speech_Male> while you're hanging <Speech_Male> out in <Speech_Male> while we do the same. <Speech_Male> Please do give <Speech_Male> us a call. One eight three <Speech_Male> three S. T. <Speech_Male> W. I t. <Speech_Male> k. and <Speech_Male> <hes> additional <Speech_Male> leaf longtime listeners <Speech_Male> We have a show <Speech_Male> called Strange <Speech_Male> News daily. That will <Speech_Male> be moving onto <Speech_Male> this feet. So <Speech_Male> you'll be hearing <Speech_Male> something from <Speech_Male> us. <hes> <Speech_Male> Monday through <Speech_Male> Friday <Speech_Male> until the lights. <Speech_Male> Go out <Speech_Male> until wells. Fargo. <Speech_Male> Disappears <Speech_Male> is for this episode. <Speech_Male> You'll <Speech_Male> have to lie behind <Speech_Male> Nestle. Oh <Speech_Male> and we're really excited about <Speech_Male> that. Show it's GonNa <Speech_Male> be kind of like <Speech_Male> this one where <Speech_Male> you're going to get lots. <Speech_Male> And lots of <Speech_Male> researched information <Speech_Male> packed into <Speech_Male> shorter episode <Speech_Male> hosted by <Speech_Male> our very own Ben <Speech_Male> Bolan. We think <Speech_Male> you're GonNa love it so <Speech_Male> now let us know <Speech_Male> what you think about that. Show <Speech_Male> as well as your <Speech_Male> <Advertisement> calling in writing to <Speech_Music_Male> <Advertisement> us and talk to <Speech_Music_Male> <Advertisement> on twitter <Speech_Music_Male> <Advertisement> most poorly <Speech_Music_Male> <Advertisement> produced by <Speech_Music_Male> <Advertisement> Dylan fagin. <Speech_Music_Male> <Advertisement> Which was a big <Speech_Male> <Advertisement> get for us. <Speech_Music_Male> <Advertisement> So we're <Speech_Music_Male> <Advertisement> like everybody <Speech_Music_Male> else work and live with <Speech_Music_Male> rolling with the punches. <Speech_Music_Male> But there's one <Speech_Music_Male> thing that will never <Speech_Music_Male> ever change <Speech_Music_Male> that. Is this if <Speech_Music_Male> you hate phones? If <Speech_Music_Male> you hate social media <Speech_Music_Male> you <Speech_Music_Male> can always <Speech_Music_Male> contact us about <Speech_Music_Male> any old <Speech_Music_Male> <Advertisement> thing.

twitter Nestle Dylan fagin Fargo.
"fargo" Discussed on Stuff They Don't Want You To Know Audio

Stuff They Don't Want You To Know Audio

06:48 min | 2 years ago

"fargo" Discussed on Stuff They Don't Want You To Know Audio

"Like that. 'cause she can. You can get special perks. Guys Right? And now we're family once they have all my info. Just give me a card and punch a hole in it when I buy a thing and then give me a free thing when I punched enough holes in it. You know I'm old school like that. I'm finally. Yeah, so imagine that you are again. We keep trying to put ourselves in the position of the lower level. Employees at an institution like this when you. Like maybe you have experienced a maybe a quarterly meeting, a meeting with your company where everybody gets together, and they talk about the state of the company, and what's going on and everything you know is going up or down, or for this reason for that other reason, things are going great or terribly and imagine you're in one of those meetings, and you know that you your your bank. Your local chain of the bank and your manager, you guys didn't meet up to the standards, but you guys did everything right and you tried as hard as you could, and you made some pretty good numbers, but they're not quite what they were looking for. They're not really even close actually, but again. You did a great job then over this meeting in this caller. However it goes some other branch you know. Let's say dozens of miles away. For some reason they exceeded this gold. It was way out of reach and on this. Call Your boss's boss's boss. On, this call says man. You guys just just killed it. He did a great job. You guys are just Rockin. These numbers mad. We're so proud of y'all. You're getting bonuses. You're getting this. You're getting that. Everybody on this call needs to look up to the to this particular group to this bank and do what they did. And you know, imagine feeling that. Yeah! Then those those people who were meeting these increasingly sales goals. They were the minority. For Awhile and fairly often, and the often had achieved these things through unethical or illegal means since where we are you as you said no, that's February of two thousand twenty just a few months ago. What lessons! Learned from this retail bank conspiracy again, not a theory. It's a conspiracy. Here's the thing part of that twenty twenty deal with that three billion dollar price tag includes a deferred prosecution agreement. An agreement, a pact that could. The, positive way to say it is that the bank could get further criminal or civil charges if it engages in new criminal activity so basically. Pay US three billion dollars, no criminal charges, but you're in trouble because you got caught and you'll be in trouble if you get caught again. Okay, so trouble is somewhere in this equation. My Guy smarten up. We've got our eye on You yeah, it's true. It's wow. I Can't, believe that. They're still around because I guess you know they're one of those too big to fail organizations right, so it's like I, I don't know how you get away with this. And how people didn't do as you said Ben and just pull all their money out. You know and. Even though this is ongoing, it feels even to me kind of like a distant memory. just feel like the attention span for stuff like this for consumers is often pretty short, and if it doesn't actually affect me personally, and why should I do anything about it? Why should I? Go to that inconvenience of pulling on my money out and starting over you know even though it's not that big a deal to start any bank account, but it's slightly inconvenient in them. Right and you're there are. I don't know about you guys, but I will go to extraordinarily lengths to avoid any slight inconvenience. I like a there. was like to play life on easy mode. It barely ever happens, but it's. It's a nice thought You're right. There was a run on the bank but it wasn't necessarily mean there was a lot of. Terrible, PR fall out from this and they went into overdrive on the Bernez Front, but a lot of investors. Reacted because remember they're. They're kind of like customers at bank, but more important. There the better customers, so the bank also wells. Fargo set up a five hundred million dollar fund to compensate the investors who took a hit What do investors say? who took a bath when Wells Fargo didn't tell them. That the banking business they had was not as strong as all his fake accounts made it seem but Asterik that five hundred million dollars is included in that three billion dollars settlement total, so it's not like they pay three billion dollars and five hundred million again. And this leads us to the conclusion as To to your point. To your point mill obviously wells Fargo is still around. It survived the great recession. It assures the public for its part and investors that this will not happen again. This was you know somewhere between a grave miscommunication in the in the command. Or a few bad actors, but the Bank itself, and this is true. The Bank itself never condone this activity. It is true. They just. They forced it to happen. Without realizing it, let's say. But? Here's the deal. Not as though Wells Fargo is acting alone. We've all talked about before the Wachovia dealings and the problems that they had before they were absorbed by Oregon bought out and absorbed by wells, Fargo, the problems with other major banking institutions, including very similarly a little regional bank from Ohio called fifth third. May Have heard of this. You may have seen one of their branches. They've got them all over the nation. There are thousands of them and. They have roughly one hundred and fifty billion dollars in assets and guess what. They're accused of the same thing pretty much the same thing. Yeah I didn't know anything about that when I actually had my mortgage through fifth third's back when I owned a house in Athens years ago. That's fascinating. That's that's news to me Yep. They've been accused of as you said at the same thing right now..

Bank Wells Fargo Fargo US Athens Wachovia Asterik Ben twenty twenty Ohio Oregon
"fargo" Discussed on Stuff They Don't Want You To Know Audio

Stuff They Don't Want You To Know Audio

13:54 min | 2 years ago

"fargo" Discussed on Stuff They Don't Want You To Know Audio

"We're back talking more about banking because it's It's not as boring. Might seem you guys. There's some pretty shady stuff going on At wellsfargo Their own analysis by the dead between twenty seven two thousand fifteen found the its employees that opened more than one point. Five million deposit accounts and more than five hundred sixty five thousand credit card accounts may or may not have actually been real. But we can't forget and this is always the point that I when I thought back on this story. These weren't like made up identities. These were like duplicate accounts of real people with. How do they think they're going to get away with this for very long? It just seems like such a desperate move which clearly it was if feels like one of those things that you get away with until you can't and you use sustain what you've got and what how everything is going until it all falls apart. It's building that house of cards situation where you know at some point. The bill comes due. But it's not GonNa be today or tomorrow probably it's like the boiler room you remember that film. Yeah I think I just like the boiler room so I mentioned that but But you're right so some customers. Obviously we're GONNA find out about this because some of those accounts opened in their names had fees so they would get there would be asked to pay these fees on accounts that as far as they knew did not exist. Some customers even had collections agencies. Calling them due to these unpaid fees because again they didn't know that the accounts existed they weren't getting notified of the fees even the first time they would find out about one of these fraudulent accounts is when they were getting shaken down by a collections agency. So just imagine what that does to your credit as well. This has lasting financial consequence for people totally and I mean. I think that you know I'm just guessing here that Wells Fargo Employees were banking on the fact that you know a lot of these fees are a little nickel and dime fees here and there that you might not even notice yeah. I certainly don't Scan Through my bank ledger and try to pick you know. Pick out every single little fee or whatever I mean you know. I definitely glance at it from time to time. But I don't go through with a fine tooth comb and it's such a negligible amount. It's not like you take a big hit to your bank account and all of a sudden think something's up right you know what I'm GonNa do immediately following this episode. Go through that bank account to a lot of people While you're there go ahead and check just in general fellow listeners. Go ahead and check your cell phone bill. See what kind of service charges have just popped up over time and definitely. I'll say it might get in trouble for this but definitely keep an eye on comcast they you know they're voted again number one most company in the US. That's not my opinion. That's a fact. Yeah just whoever? Your is P is really doesn't matter. Just check in check as bills. Keep an eye on them because those plans change right and they're meant to change in ways that you might not be aware of unless you are paying mindful attention so this gaming as they called it. This unethical behavior was so ubiquitous. That even created related kind of term slaying terms internally. There's one called penning and that meant a signing customers pin numbers without their knowledge. That's incredibly disturbing. Because as you know a pin number is supposed to be your is. It's like it's sacrosanct. It's the it's similar to a banks version of your social security number. No one else's supposed to know it but if someone makes a pin number that you do not know that means they can impersonate you on a wells. Fargo computer and then boom boom boom. They can enroll you in all all sorts of quote UNQUOTE PRODUCTS. Without your knowledge. So boom now gotta insurance boom Nanna Carlo. Brunei had a credit card and this was nuts. Because the most mystifying thing about this still is not even how widespread it is to me. It's how blatant was The L. E. Cities Attorney Office found that there are one hundred ninety. Three thousand non employees accounts opened between twenty eleven in two thousand fifteen and get this. The only email name listed for them was Wellsfargo Dot Com just at WELLSFARGO DOT com. Wow Wow it's like not even not even try you know even even doing like level one Improv. I bet he could make. I thought we could make like right now. We could make as many fake names as we wanted Tad Dorgan. That's not a real name. Still better than WELLSFARGO DOT COM. Or you get even if you just put like. C. U. S. T. as in customer and then put a of like you know numbers and letters or something. It's that easy. Jeez I'm and I guess you had to make so many so quickly. Yeah what they did go. Into that point of desperation you know and on September Eighth 2016 Sixteen Wells Fargo did settle with some authorities. They paid one hundred and eighty five million dollars to three institutions the Consumer Financial Protection Bureau the Office of the comptroller of the currency which is a thing and the city and county of Los Angeles. They wanted to settle the charges of massive fraud. As part of this agreement they were able to avoid admitting that they had done anything wrong. Now that sounds familiar and that sounds. Pretty Dang familiar. Tipton be fair. They absolutely had plausible deniability. The only thing they were guilty. I was having high standards. We go there we go. Yeah as you can tell in a universe to the left of this. The four of us are lawyers. Str- I think we'd be good in a courtroom so it's weird because they all they did. They did do one other thing. Aside from one hundred and eighty five million dollars they fired. They fired it around a thousand employees. Maybe a little more and these were mostly juniors. They were fire for gaming if you think about it. These were sacrificial goats. Just sort of meant to be a pitchy. Asian they were they were meant to appease the gods of regulation. We know what you're all thinking what everybody's thinking. Hey one hundred. Eighty five million dollars is Is a big deal to me. But isn't that chump change for such a huge bank? The answer is yes. It is about three percent right. Three percent of second quarter profits of that year so there are four quarters. One of those quarters had to shave off three percent in order for them to be okay. That's crazy it's also way less than Some executives have made over the past. Five years. GENTLEMAN. I propose that we join our forces and start a bank. What do you say? Get Out of the odd casting rat race and START OURSELVES UP BANK. Shirley busy now. You won't do it won't do it. Might soul shall not allow boys. That's fair I I respect that So yeah but started a bank. Yeah well yeah the Ben Bank. Ben Bay deals exhaustively inbox and encumbered by Seoul's yeah also true But you know so you then you understand Ben as as the The head of the the Ben Bank. This is all just the cost of doing business. My Guy Right Yeah Yeah I WANNA say case. This plays in court later. Technically I am not on the Executive Board. I am a consultant so nice. Try for the record. That was me. Lapsing into my douchebag executive voice when I said my guy there I had to walk that back. I like people say my guy. Yeah it has to be tongue in cheek but yeah man seriously. I mean this is was a slap on the wrist is even putting it Strongly you know right. Yeah that's a great point. I mean like a thump on the era you know yeah yeah a finger wag and a strong sentence using your full name. That's that that's the issue with it. Because I mean this literally is a a cost of doing business. They didn't admit wrongdoing. They had plausible deniability in short vis bank. Thought they got away with it until that is employees like Ham Beck started coming forward and there's a there was a list of employees who complained internally because like any large institution there are channels through which you're supposed to send your complaints the list of employees who were squeezed out by this and complaint It stretches back over ten years. People knew what was up. You know like again. We're it might sound like we are vilifying wells Fargo but we're talking about the crimes of an institution really. We're not talking about any of the employees in the banking industry. We're not talking about any the employees in wells. Fargo specifically write these. These people are not the ones who said make these impossible sales quotas. Yeah so as of this year Twenty twenty Wells Fargo has agreed to three billion in settlements For criminal charges a civil action. That's stemming from its widespread mistreatment of its customers in its community bank over a fourteen year period Court papers show. That prosecutors described the insane environment. That ben I mean honest I was responding to you. I said at the top of the show. You know. We're checking in explain to me why you didn't make it. You know justify your every single. I mean sure. Accountability is one thing. But this was very much like You described it Ben in your notes as a pressure cooker environment that was kind of created just absolutely toxic work environment right so to very low level employees. Yeah absolutely this is this is I I. I don't know we've got a lot of people in the audience who worked in sales jobs or something with commission. I don't know if you guys have ever done that. I have not but if feels like a very demanding situation to be put in even when there's absolutely no unethical behavior Most commission sales do not require unethical behavior. But like think about the pressure the next time. You'RE IN BR mortar store. Think about the pressure an employee's under when they ask you this series of questions at a purchase. Like have you ever bought something and you're just by one thing you need like maybe a cable somewhere or you're buying pants or whatever you want to buy and then the cashier starts asking you a series of questions like what your phone number. WanNa sign up for our credit card when a sign up for rewards card and so on your show I always say I'm good like when asked for my phone number or email. No I don't ever want anyone to have because there's no reason for they act like it's Oh so we can better serve you next time or have you my database and know what you like. I don't know why anyone would ever give out their information At a US brick and mortar store like that. 'cause she can you can get special perks guys right. And now we're family. Once they have all my info look just give me a card and punch a hole in it when I buy a thing and then give me a free thing when I punched enough holes in it. You know I'm old school like that. I'm finally yeah so imagine that you are again. We keep trying to put ourselves in the position of the lower level employees at an institution. Like this when you like maybe you have experienced a maybe a quarterly meeting a meeting with your company where everybody gets together and they talk about the state of the company. And what's going on and everything you know is going up or down or for this reason for that other reason things are going great or terribly and Imagine. You're in one of those meetings and you know that you your your bank your local chain of the bank and your manager. You guys didn't meet up to the standards but you guys did everything right and you tried as hard as you could and you made some pretty good numbers. But they're not quite what they were looking for. They're not really even close. Actually but again you did a great job then over this meeting in this caller however it goes some other branch You know let's say dozens of miles away. For some reason. They exceeded this goal. It was way out of reach and on this call your boss's boss's boss on this call says man you guys just just killed it. He did a great job. You guys are just Rockin. These numbers mad. We're so proud of Y'all you're getting bonuses..

Wellsfargo Dot Com Wells Fargo Employees Ben Bank US Wells Fargo Twenty twenty Wells Fargo wells Fargo Tad Dorgan comcast Brunei Fargo Nanna Carlo fraud L. E. Cities Attorney Office Los Angeles Ben Bay Tipton C. U. S. T.
"fargo" Discussed on Stuff They Don't Want You To Know Audio

Stuff They Don't Want You To Know Audio

07:00 min | 2 years ago

"fargo" Discussed on Stuff They Don't Want You To Know Audio

"U. S., T. as in customer and then put a. Of, like you know numbers and letters or something. It's that easy Jeez? I'm and I guess you had to make so many so quickly. Yeah what they did. Go into that point of desperation, you know and on September eighth 2016. Wells Fargo did. Settle with some authorities. They paid one hundred and eighty five million dollars to three institutions the consumer financial protection bureau. Of the comptroller of the currency, which is a thing and the city and county of Los Angeles. They wanted to settle the charges of massive fraud. As part of this agreement. They were able to Avoid admitting that they had done anything wrong now. That sounds familiar. And that sounds Pretty Dang familiar. Tipton be fair. They absolutely had plausible deniability. The only thing they were guilty, I was having high standards. We go there. We go, yeah, as you can tell in a universe to the left of this. The four of us are lawyers. Str- I think we'd be good in a courtroom, so it's weird because. They, all they did, they did do one other thing aside from one hundred and eighty five million dollars. They fired. They fired it around a thousand employees. Maybe a little more, and these were mostly juniors. They were fire for gaming. If you think about it, these were sacrificial goats, just sort of. Meant to be a perpetuation they were they were meant to appease the gods of regulation. We know what you're all thinking. What everybody's thinking? Hey! One hundred eighty five million dollars is is a big deal to me, but isn't that chump change for such a huge bank? The answer is yes. It is about three percent right three percent. Of, second quarter profits of that year, so there are four quarters one of those quarters. Shave off percents in order for them to be okay. That's crazy. It's also. Way less than some executives have made over the past five years. gentleman I propose that we. Join our forces and start a bank. What do you say? Get. Out of the odd casting rat race and start ourselves up. Bank. Shirley! Now you won't do it won't do it. Might soul shall not allow boys. That's fair I i. respect that so yeah, but. That started a bank. Yeah well yeah. The Ben Bank Ben Bay deals exhaustively inbox encumbered by Seoul's yeah. Also true but you know so you then you understand Ben as as the the head of the the Ben Bank. This is all just the cost of doing business. My Guy Right Yeah, yeah, I WANNA say. Case, this plays in court later. Technically I am not on the Executive Board. I am a consultant so nice try. For the record that was me lapsing into my douchebag executive voice when I said my guy there i. Had to walk that back. I, like people say my Guy Yeah! It has to be tongue slightly in cheek, but yeah man. Seriously I mean this is was a slap on. The wrist is even putting it strongly. You know right. Yeah, that's a great point. I mean like a thump on the era. You know yeah, yeah, a finger wag! And a strong sentence using your full name. That's that that's the issue with it because. I mean this literally is a a cost of doing business. They didn't admit wrongdoing. They had plausible deniability in short vis bank. Thought, they got away with it. Until that is employees like Ham, Beck started coming forward, and there's a there was a list of employees who complained internally because like any large institution, there are channels through which you're supposed to send your complaints. The list of employees who were squeezed out by this and complaint it stretches back over ten years. People knew what was up. You know like again, we're it. It might sound like we are vilifying wells. Fargo but we're talking about the crimes of an institution. Really we're not talking about any of the employees in the banking industry. We're not talking about any the employees in Wells Fargo specifically write these these people are not the ones who said make these impossible sales quotas. Yeah, so as of this year, twenty twenty Wells Fargo has agreed to three billion. In settlements for criminal charges a civil action that's stemming from its widespread mistreatment of its customers. In its community bank over a fourteen year period, court papers show that prosecutors described the insane environment that Ben I. Mean Honest I was responding to you I said at the top of the show. You know we're checking in. Explain to me why you didn't make it. You know justify your. Every single I mean sure accountability is one thing, but this was very much like You described it Ben in your notes as a pressure cooker environment that was kind of created just absolutely toxic work environment right to very low level employees. Yeah, absolutely, this is. This is I I. I don't know we've got a lot of people in the audience who've worked in sales, jobs or something with commission. I! Don't know if you guys have ever done that. I have not but. If feels like a very demanding situation to be put in. Even when there's absolutely no unethical behavior most commission sales do not require unethical behavior, but like think about the pressure the next time you're in Br mortar store, think about the pressure. An employee's under when they ask you this series of questions at a purchase like. Have you ever bought something and? Buy One thing. You need like maybe a cable somewhere or You're buying pants or Whatever you want to buy, and then the cashier starts asking you a series of questions like what your phone number WanNa. Sign up for our credit card when a sign up for rewards card and so on. Your show. I always say I'm good like when asked for my phone, number or email. No I don't ever want anyone to have because there's no reason for they act like it's Oh, so we can better serve you next time or have you my database and know what you like I. Don't know why anyone would ever give out their information. at a US.

Ben Bank Ben Bay Wells Fargo Ben Bank twenty twenty Wells Fargo Ben Ben I. comptroller of the currency fraud Los Angeles Fargo WanNa U. S. US Br mortar Tipton Executive Board Seoul Shirley
"fargo" Discussed on Stuff They Don't Want You To Know Audio

Stuff They Don't Want You To Know Audio

04:13 min | 2 years ago

"fargo" Discussed on Stuff They Don't Want You To Know Audio

"A product in just from personal experience, there are so many different kinds of products that these retail banks offer customers that seem extremely similar, but there's like seven different kinds of checking account. There's like six different kinds of savings accounts, and all this other stuff, and it's also that you can offer exactly what the customer needs. The yeah the customer. Not The client. Convenience. It's definitely not you guys. It reminds me of when I got my car loan a handful of years ago and like they made me. You know this this offer of this interest rate and it was like higher than I thought I should be offered because I. Really Good Credit and I was GONNA walk away. They said Oh. Wait a minute now. We didn't know if told us you wanted to low that we would have been like. Like, what like just offer me the rate that I am do based on my score. Like? Why are you trying to nickel and dime me? It's the same thing and this was through a small community bank, but it was all like you know. At the hands of these kind of sleazy cardio has not malign all car dealers there I'm sure many of you are great most of even, but this one in particular. I felt very. kind of bent over a barrel a little bit. I got him down to where I wanted to be, but I felt Kinda Achey. The whole thing made me feel like I didn't want to do business with them anymore. Yeah Yeah. It's good to the anecdote I. Always think of is like imagine you walk into a fast food restaurant and you you order I don't know a cheeseburger and they're like all right. Do you want poop on your cheeseburger? Don't why? Why is that part of the conversation that now I don't even want the Burger Gee we'll look. We gotta get rid of all this poop somehow, and if you'll accept it on your Burger, then you know we're getting rid of it in that way and you're getting what you want. We'll give you a loyalty card. How about an Amazon Gift Card? So so that's I mean it's True No. Matter I had to. I had to interject a little like I think it could be advertised convenience this plethora of options using correctly. Yes, it is yeah, but I think what it's I think what is really meant to do is to make things inconvenient to make it more difficult to find the right deal the options are. Arcane by design you know. Just like a life insurance or just like a A, Lotta, medical insurance or health insurance plans function that way. That's just a that's just a byproduct of private industry trying to maximize profit, because a lot of people won't do the Research Wells Fargo. was really really good at this. They were considered for some time and not insignificant amount of time the best seller in the retail banking game, but there was one problem. I know just one Maybe you know why there's a problem. Yes, why because imagine if you're the best seller at something? Now imagine your numbers are on a really nice trajectory upwards. Now in order for you to maintain profitability and to increase year over year. Increase. You have to continue your track rate as the bestseller right, and then over achieve not to mention. You want to get that set of steak knives. and coffee's for closers, so you WANNA get coffee. You don't WanNa get cut off. You need that stuff to sell. Right, it's the unsustainable unsustainable growth model, exponential growth model of capitalism year-over-year, and it applies to a lot of industries, so I I mean. That's what I was GONNA say. I said there was one problem, but really there were millions of problems you see Wells Fargo and other banks were getting out of new accounts. Getting a lot of new customers cross selling, but these accounts it turns out. Were made up out of thin air. What are we talking about? We'll tell you afterward from our sponsor. Here's where it gets.

Wells Fargo Research Wells Fargo. Amazon
"fargo" Discussed on Stuff They Don't Want You To Know Audio

Stuff They Don't Want You To Know Audio

10:30 min | 2 years ago

"fargo" Discussed on Stuff They Don't Want You To Know Audio

"Because you see the banks won't have it. They just won't have it. I mean it's essentially a I mean look not to be reductionist about it but it reminds me of a Ponzi scheme. The whole thing is like a paying Peter to Robbing Peter to pay Paul scenario although it's all under the guise of being legitimate. I mean if you go back and say I want my money. Shouldn't you be able to get your money? But if everyone does it at the same time then it's not gonNa work out and yet we trust in this system because it's somehow backed by some kind of promised by the government or the FDIC or what have you. Yeah and that's what's happening in Russia right now as we record this which are just just for peek behind the curtain right at the very end of April. Twenty Twenty. So this can happen again. Countries around the world has happened in the US as well so you might be asking yourself rightly okay guys if this is all true and we assure you it is then why am I as an individual checking account holder. Important at all right if I don't have alone if I don't have a mortgage why why do I matter well? There are two reasons first as we establish earlier. Banks are using your money specifically your money. Sometimes even if you're not working with the bank which is weird but true and second and this is just basic sales psychology. Wants people choose a bank? The tend to stick with that bank. So if you're the average person with a checking account at one bank you are far far more likely to have a credit card account with them. A savings account were alone with them as well and these accounts all have differing terms and depending on a ton of mitigating factors. One person may have a much better deal than another right. Some people have credit cards with. Maybe what like nine percent interest and other people have credit cards with like twenty five point? Nine nine percents. There's a lot and play and we should add a customer with a line of Credit and align of savings from the bank's perspective. You are far more profitable than an ordinary Jenny or Jack who just has a checking account. Yeah it's true and it's also people often are a little bit lazy and they might not shop around for a better rate or you know they might get that zero interest you know introductory deal and then forget to pay it off when the rate gets jacked up to like twenty percents or some ungodly amount. And Honestly I. I'm not to that degree but I'm one of those in terms of laziness. I have had a bank account That has changed hands like three times throughout the course of my my financial life and I'm just kind of stuck with whatever being You know just because it's a pain in the butt to like. Close your account and start over and Redo all your cards and all that stuff and I think the banks are kind of. They're sort of capitalizing on that. Right people being stuck in a routine and being a one stop shop and it just being easier to stick with what they know than to go maybe shop for a better deal. I yes and you know I'm an actually a pretty similar situational and the last time I had to go into the bank. I noticed something and it was that the person I was speaking with it wasn't just a teller it. Was You know a banker if you if anyone has ever experienced? Go in the office on I. Guess Yeah exactly and what I was attempting to do was open a new account with them. Because I've been an account holder for a while and a wanted to open a new specialized checking account and what happened was rather than just having that conversation opening that account having that one transaction they were attempting to get me to open a credit card with them. They're attempting to get me to change over a mortgage to them and do all these other things and insurance. Yes and it's something that I'm assuming is pretty common throughout the banking world selling the The concept is so common that there is a name for it in the industry. It's called cross selling. It started out as an internal term but now for reasons that will become abundantly clear in a few minutes. I it is a term that is in the public sphere success for okay so wells Fargo for Wachovia or you know five thirds bank or whatever any bank that you used any bank that you walk into and have a checking account with and so on those are what's called retail banks and for longtime success at retail banks was measured by how successful the bankers or the even the people on the phone were at cross selling and that's encouraging a customer member. Ginny or Jack with one checking account to open up multiple other accounts to be fair. This also happens if you have like a credit card with Bank of America or something like hey make a savings account with us right ever thought of buying a boat etc. This idea is an invention credited to a single man. His name is Richard Kovacic. He's a he was a wells Fargo. Ceo is a guy. Reputedly came up with the idea of cross selling during his time as a CEO at North West Corporation. And we've got a thing from an interview. He had in nineteen ninety eight I think what Vanity Fair maybe where he summarizes his idea and it sounds normal now but when he said it. It was pretty innovative. Yeah he really kind of changed the Ling. The Lingo of banking He started referring to branch employees or the idea of tellers. Call them salespeople and consumers refer to them as customers rather than clients and another one that I've heard that I I have no doubt Sprang from. The same kind of shift was all of the various products that the bank can sell. You know like These credit cards are products. All of these up cells are these cross sells. You're talking about are referred to as products which I find very strange. It's such a non tangible thing. Like insurance being a product in just from personal experience there are so many different kinds of products that these retail banks offer customers. That seem extremely similar. But there's like seven different kinds of checking account. There's like six different kinds of savings accounts and all this other stuff and it's also that you can offer exactly what the customer needs the. Yeah the customer not the client. I don't think it was for convenience. It's definitely not you guys. It reminds me of when I got my car. Loan a handful of years ago and like they made me. You know this this offer of this interest rate and it was like higher than I thought I should be offered because I really good credit and I was GONNA walk away. They said Ho Ho adamant and now. We didn't know if told us you wanted low that we would have been like what like just offer me the rate that I am do based on my score like why are you trying to nickel and dime me. It's the same thing and this was through a small Community Bank. But it was all like you know at the hands of these kind of sleazy cardio has not malign all car dealers there. I'm sure many of you are great. Most of even but this one in particular I felt very kind of bent over a barrel a little bit. I got him down to where I wanted to be but I felt Kinda Achey. The whole thing made me feel like I didn't want to do business with them anymore. Yeah Yeah it's good to the anecdote I think of is like imagine you walk into a fast food restaurant and you you order? I don't know a cheeseburger. And they're like all right. Do you want poop on your cheeseburger. Don't why why is that part of the conversation that now. I don't even want the Burger. Gee We'll look we gotta get rid of all this poop somehow and if you'll accept it on your burger then you know we're getting rid of it in that way and you're getting what you want. We'll give you a loyalty card. How about an Amazon Gift Card? So so that's I mean it's true no matter I had to. I had to interject a little like I think it could be advertised. Convenience this plethora of options using correctly. Yes it is. Yeah but I think what? It's I think. What is really meant to do is to make things inconvenient to make it more difficult to find the right deal. The options are Arcane by design. You know just like a life insurance or just like a A Lotta medical insurance or health insurance plans function that way. That's just a that's just a byproduct of private industry trying to maximize profit because a lot of people won't do the research wells. Fargo was really really good at this. They were considered for some time and not insignificant amount of time the best seller in the retail banking game. But there was one problem. I know just one Maybe you know why there's a problem. Yes why because imagine? If you're the best seller at something now imagine. Your numbers are on a really nice trajectory upwards now in order for you to maintain profitability and to increase year over year increase. You have to continue your track rate as the bestseller right and then over achieve not to mention you want to get that set of steak knives and coffee is for closers so you WanNa get coffee. You don't WanNa get cut off. You need that stuff to sell right. It's the unsustainable Unsustainable growth model exponential growth model of capitalism year-over-year and it applies to a lot of industries. So I mean that's what I was GONNA say. I said there was one problem. But really there were millions of problems you see Wells Fargo and other banks. Were getting out of new accounts getting a lot of new customers cross selling but these accounts it turns out were made up out of thin air. What are we talking about? We'll tell you afterward from our sponsor you here's where it gets.

Ceo Jack Peter Twenty Twenty Bank of America FDIC Ponzi scheme US Wells Fargo Community Bank Fargo Russia Wachovia Ho Ho Richard Kovacic Jenny Paul
"fargo" Discussed on Full Cast And Crew

Full Cast And Crew

10:47 min | 2 years ago

"fargo" Discussed on Full Cast And Crew

"I'm excited we'll call back on the POD for his second appearance this week. Lee is an actor and director whose career on stage and screen has spanned more than forty years. He has more than one hundred and one. Imdb acting credits and counting in movies and TV shows from the seventies to the present day and onstage. He's garnered Obie and drama desk awards as well as a Tony Nomination Broadway Lee is a very charming and self effacing guy. On his first episode. We talked at length about his long journey through show business and he shared some wonderful anecdotes about so many of the people he's worked with over the years. It remains one of my very favorite episodes to date on the podcast. And if you haven't had a chance to listen to it please seek it out if you ask any actor worth their salt in New York or la about the cough. You'll get a variation of the joyous squeal you can hear on the Big Lebowski episode when my guests. Emily and Michael here that I'm going to be talking to Lee on the episode. You're listening to now. He's one of those people who's just beloved. He's a real artist he's warm. He's a wonderful human being. He knows what's good any remains open to surprises of life and show business so without further. Ado here's my conversation with. The Great Lee will cough about the Coen brothers. Fargo Lee welcome once again to be forecasting group. Podcast and thrilled. That you hear I know there are at least two other. Listeners are thrilled that you're here being furnace emily. My guests from last week's episode. Who as you'll hear your recording this a few days prior to their episodes being released but you will hear a squeal of delight coming from Emily Michael. When I mentioned that you coming on I love them. I meant emily at Wayne. Sound years ago long time ago and Michael was a huge fan and when I heard they were getting together at like perfect. Any other great ski right yet. We did almost to our deep deep dive into Lebowski filmed Michael's. He was dressed like the dude he had the sweater. He had the sunglasses a he had all the lines yet. It was great because Fargo came into the conversation a lot because rescue came out. Fargo had come out before Fargo was such a definitive filmgoing experience for me and it was so perfectly brilliantly everything that I wanted to be that almost any movie that they would have released subsequent to that not sure that I would have got and foregoing Lebowski Basque so different from each other. In the way that they're movies tend to be you can tell they wanted to move on and do something different astor Fargo which is so darkened. The Bile of America coughed up and presented to us in such brilliant fashion. Tell me a little bit about your experience seeing for a Coen brothers movies and if you remember seeing Fargo for the first time I don't remember the first time I saw but I I I watched it couple times over the weekend yesterday and is set. My probably seen this movie. Thirty Times I've seen most of their film several times. I I have not seen blood simple. Woo since it came out and I have that again. World is photo complainers. The fact is nothing comes with a guy and now I don't care if you pope wrong president United States man of the year. Something can all go wrong. Go AHEAD COMPLAIN. Tell your problems. Your your neighbor has for health watching them fly in Russia they got it mapped out so that everyone pulls for everyone else theory anyway. What I know about Texas down here. You're on your own. I just finished reading. I just finished the somewhat auto a memoir or autobiography Barry Sonnenfeld. I haven't started reading it. It's it's fun and I had no idea how to Robin Lopez. He so he's A. He is a valid Gas I mean. He acknowledges he Somebody said to him these the most neurotic person that they've ever met and so but he was not he was not the cinematographer on Fargo. Interestingly I think his final movie with them was at see there was the there was blood. Symbol he did raising Arizona. Rose Barton Barton. Fink was deacons. And everything. Post Barton Barton Fink Miller's crossing hudsucker proxy Fargo. That's all Roger Beacon all deacons continues to be continues to be. I believe yeah. Mary left because he started directing films. But I did. Read the birth of blood sample baked. They shot a couple of scenes in shopping around for a year to raise seven hundred fifty thousand dollars so I I didn't realize that he was not the DP on Fargo but makes it makes sense. The style stylistically things started to change. But I can't remember when I saw on sure I saw it opening weekend. I have no doubt. Yeah because I I love their films and it's a goal of mine and I haven't gone for several. I either love to work with them more than anybody more than anyone. You deserve that lay. I mean I said I said to Michael. He made it. He made a joke about the little lebowski would be about thirty years old now right that the dude has with Moslem Bosque. I said well Michael. This is perfect. And he's like I'm too old for that now I said you could. You could play that down but you and Michael both would be so perfect in the COEN brothers metaverse. There's no question I think so too but I have. You auditioned for them. In the past. I auditioned for a simple man. The part that Richard kind got that wonderful role. Big would not see me for true grit. You can do a Westerns. Totally do Westerns one hundred percent. I can build West. I've met them and every time I've met them. I put my slip in my mouth. I get so nervous around them and I know Fran a little outside of Bam. They first of all their body of work is With me it all starts with performances. Yes so the performances in Fargo. Yes down to. The smallest role are just just just perfect. Just brilliant and I think they used a few people I I went to the cast list yesterday on. Imdb was looking up with certain people small roles and some of them never worked. That was their only film. Like one of the the The smaller The smaller of the two girls that they had slept with the one that said he's funny looking looking at he wasn't circumcised. That was the only film she did but they they list such beautiful performances from everybody. But I don't think it's my. It's my favorite thing bill. Macy's ever done Bushehr me. His body of work is amazing in Fran and Wells a what's his name. I never seen him before. Peter Peter Star Mar. Yeah eater store Mar. I had never seen him before. I don't know if it was his first American film and I'm going. Who has this guy with? This accent is just horribly frightening guy. I just it's it's their moments of like slapstick. Like silliness and such darkness. I forgot to mention. I did summer. Stock in one thousand nine hundred seventy four with Fresno. Oh my God really in Horror Prisoner. The guy with the hair we did. He did Oklahoma because he was a big song and dance man right he was a storm in dance sky and then disappear. Yeah this was the first movie in twenty twenty years or something. I think he added as he had. A big career is a Broadway as a leading. The Ami wasn't a big star right and then. Who is this guy? Who's this bold law and then it's it's hard press. Mel Mandy excused their. I'm going on three going just McDonald's Beck at nine thirty. You just didn't finish going to McDonald's instead of finishing here Spencer Don do you think they do their they. Don't drink milkshakes I assure you the movie out. I'm sorry I can't remember. Ninety ninety seven onsite x I worked with him in one thousand nine hundred seventy four so that. Wow he must have had hair them full headed hair. I eighty was really a lovely guy very friendly meat. And then he's playing this role. WanNa go now and Oh my God. Was he a come? Tell me that no no not in real life in the movie in the movie okay. Real lighting was great. He was lost the Sky. The Collins saying that he was such a nice guy that it was hard in a ragged to be the Dick that they needed him to be on strayed. Will they got it out of him? And that's why I've always wanted to work with him. Going how do you what do you do to get these performances from these people in every film I mean admittedly not. All their films are like a maze or great. They missed times they miss but Berry rarely.

Emily Michael Fargo Tony Nomination Broadway Lee astor Fargo Barton Barton Fink Miller Imdb Fran Rose Barton Barton New York Barry Sonnenfeld Robin Lopez Coen director Texas Arizona ski Macy United States Roger Beacon
"fargo" Discussed on 760 KFMB Radio

760 KFMB Radio

01:31 min | 2 years ago

"fargo" Discussed on 760 KFMB Radio

"You new information about Wells Fargo Wells Fargo who committed criminal acts against its own customers for what turns out now to be a full generation the Wells Fargo cheating scandal goes back to nineteen ninety eight according to a release from federal prosecutors Wells Fargo ruin the reputations of so many people Wells Fargo and it's filing only had to admit that I'm lawfully misuse customers sensitive personal information they paid a three billion dollar fine and avoided a criminal conviction there are criminal conviction is suspended what's known as a deferred prosecution if Wells Fargo doesn't engage in any more shenanigans cheating its customers over the next thirty six months they will not face criminal prosecution yeah the crazy thing at Wells Fargo is they engaged in massive identity theft I cheated their auto loan customers their mortgage loan customers and cheated their general checking account customers and they're investing customers over a generation and nobody's going to prison that is absolutely unbelievable.

Wells Fargo Wells Fargo Wells Fargo
"fargo" Discussed on 760 KFMB Radio

760 KFMB Radio

02:27 min | 3 years ago

"fargo" Discussed on 760 KFMB Radio

"Today's cork -rageous moment is concentrated on a company that has been part of our courageous moment. More than any other single company and its Wells Fargo, the nation's now fourth largest Bank that never seems to get rid of the stain of scandal of all the hideous things that Wells Fargo did to customers including foreclosing on people's homes that shouldn't have been foreclosed on repossessing cars, people that shouldn't have been repossessed selling people insurance or billing people for insurance. They didn't by opening three million plus accounts that people did not authorize and didn't want. And Wells Fargo says and their image advertising, and all that there are new Wells Fargo, and they're different and all the rest well today. The CEO of Wells Fargo is testifying before congressional committee is going to have to answer. Multiple media reports in the last several days that Wells Fargo is still engaged in the same kinda terrible shenanigans. Then employees are complaining to anyone that will listen about a toxic sales oriented culture, and you want proof. Just go to a Wells Fargo ATM is a Wells Fargo customer and withdraw money and before they'll even give you your money. They will try to sell you other products. Everything about the Wells Fargo culture is pressure pressure pressure to sell sell sell. Whether it's in your best interests are not the employee's are miserable. They've stated so many times. And one thing I'd say to Wells Fargo employees is good as the job market is right now given the heave ho and go somewhere else for you as a customer. I know it's a hassle or perceived hassle to change banks. But know that this is a company that to its core seems to not be able to get past a rotten culture. And you never know when they may pull something on you. If you get an opportunity watch or read about today's hearings and watch the two stepping going on in the evasion. Five the CEO..

Wells Fargo CEO largest Bank