Wells Fargo and Banking Reforms – Ask Steve
Ask Steve Show Topic – Wells Fargo Forcing Arbitration, Possible Real Banking Reforms from Trump Pick and Liabilities around the Oakland Ghost Ship Fire
Join us Saturday at 3pm for the Ask Steve radio program on NewsRadio KFBK 1530AM when we address three major topics – Wells Fargo trying to force arbitration on fake account victims, Trumps pick for the Fed looks promising for banking reform and we will discuss the liabilities for victims of the Oakland Ghost Ship fire.
Topic 1 – Wells Fargo is at it again this week, seemingly trying to force its customers who were victims of their fake account scam into arbitration! According to a NY Times article, their argument is that they’d already agreed to arbitration for their real accounts so it should carry over. Nonsense! We will discuss this in more detail and would love to hear from you about your experience with Wells Fargo, especially if you had a fake account opened by Wells Fargo staff.
Topic 2 – On the topic of needed banking reform, it was announced this week that one of Trumps potential picks for the Fed is FDIC Vice Chairman, Tom Hoenig, citing that he’s a proponent of reinstating the Glass-Steagall Act which would return the banks into separate institutions for commercial and investments. It was repealed in 2008 during the banking crisis, which likely is a major cause for the housing crisis due to the shading banking practice of selling mortgage-backed securities.
We will shift gears with Topic 3, addressing the complicated issue of the liabilities surrounding the devastating Oakland Ghost Ship fire. There are so many questions about how the space was utilized and maintained. Who should be responsible? Who knew of the problems? What other units are at risk?
Join us each Saturday on 1530AM NewsTalk KFBK for the Ask Steve Show from 3:00-4:00 p.m.