Bank fires Man 50 Years after his Crime of Stealing a Dime’s Worth of Stuff

Posted by PITHOCRATES - September 1st, 2012

Week in Review

It’s tough working for a bank these days (see Wells Fargo Fires Iowa Worker for Minor 1963 Crime by The Associated Press posted 8/28/2012 on Yahoo! Finance).

Wells Fargo Home Mortgage (WFC) has fired a Des Moines worker over a 1963 incident at a Laundromat involving a fake dime in the wake of new employment guidelines.

Wow.  Guess the Democrats are right about banks.  They’re just a bunch of evil, heartless bastards.  This was a crime intended to steal $0.10 of stuff almost 50 years ago.  As far as crimes go this one sounds more like a kid doing something stupid than a criminal acting with malice aforethought.  Yet these evil, heatless bastards fired the guy.  I’d like to hear their excuse for such an incomprehensible act.

Big banks have been firing low-level employees like Eggers since new federal banking employment guidelines were enacted in May 2011 and new mortgage employment guidelines took hold in February, the newspaper said. The tougher standards are meant to clear out executives and mid-level bank employees guilty of transactional crimes — such as identity theft and money laundering — but are being applied across the board because of possible fines for noncompliance.

Banks have fired thousands of workers nationally, said Natasha Buchanan, an attorney in Santa Ana, Calif., who has helped some of the workers regain their eligibility to be employed.

“Banks are afraid of the FDIC and the penalties they could face,” Buchanan said.

The regulatory rules forbid the employment of anyone convicted of a crime involving dishonesty, breach of trust or money laundering. Before the guidelines were changed, banks widely interpreted the rules to exclude minor traffic offenses and misdemeanors.

Oh.  It’s not the banks that are the evil, heartless bastards.  It’s our government.  Funny how they fire a man for trying to steal $0.10 approximately 50 years ago but Barney Frank and Chris Dodd get off scot-free after their part in facilitating the subprime mortgage crisis.  These men were responsible for the oversight of Fannie Mae and Freddie Mac.  And they said everything was fine even though Fannie and Freddie were buying all those toxic subprime mortgages and unloading them on unsuspecting investors.

Steal a dime’s worth of stuff 50 years ago lose your job.  Cause a worldwide financial meltdown bordering on a depression you go on your way whistling a happy tune.  Keeping your full retirement benefits.  Funny how that works.  Proving once again what Ronald Reagan said.  Government is not the answer to our problems.  Government is the problem.


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