Wells Fargo latest bank to party on our dime

A couple years back, Wells Fargo's fascism was so out of control that the banking giant kept calling me repeatedly, ostensibly in search of a man who I didn't even know and who owed money on a car loan. I had never used Wells Fargo for anything, let alone a car loan. In fact, I don't even own a car!

I complained to the Kentucky Attorney General's office about the calls, but even after that office sent a letter to Wells Fargo warning it about its phone harassment, the calls continued.

At its peak, I received about 30 calls a day from Wells Fargo. Most of these were hang-up calls - so you know they were more interested in harassment than anything, once they knew they weren't going to be able to extort money from me.

But in BushAmerica, no bad deed went unrewarded.

Wells Fargo didn't extract money from me in the way it originally wanted - but it did manage to steal from me and millions of other taxpayers in the form of its share of bailout money.

After getting $25,000,000,000 in bailout dough, Wells Fargo promptly booked a 12-day-long corporate party in Las Vegas. The bank made reservations for its top mortgage lenders at 2 of the city's most lavish hotels.

Wells Fargo had the nerve to defend this waste. But it canceled the event when people finally started turning up the pressure.

But now of course there's cancellation fees - which cost almost as much as if Wells Fargo had gone ahead with its plans. The moral of the story is: Wells Fargo never should have decided to throw a fancy party in the first place.

CliffsNotes version of the story: Wells Fargo made harassing phone calls, wasn't punished, got rewarded with taxpayer money (taken from its victim and others), tried squandering it on a lavish party, and wasted almost as much on cancellation fees.

(Source: http://www.rockymountainnews.com/news/2009/feb/03/bailed-out-wells-fargo-plans-vegas-casino-junkets)