Monday, 8 February 2016

ALERT: Indications Wells Fargo banking may be collapsing

Wells Fargo is collapsing because of its HUGE exposure to oil & gas companies

Submitted by IWB, on February 3rd, 2016


3 February, 2016


Wells Fargo & Co (WFC.N) has the largest exposure to loans to energy companies among major U.S. lenders, a report from Raymond James said, amid concerns that banks may have to set aside more money to cover bad loans to the industry.

The bank also topped the list with the biggest exposure to energy companies whose public debt was trading less than 35 percent of par, the brokerage said on Thursday.

Wells Fargo was followed by Bank of America Corp (BAC.N), Citigroup Inc (C.N), Comerica Inc (CMA.N) and BB&T Corp (BBT.N).

West Virginia Woman Sues Wells Fargo Over Alleged Home Loan Modification Misrepresentations

In early 2015, she contacted the company about modifying her loan. At that point, a rep for Wells Fargo Home Mortgage instructed her not to make payments while the modification was being processed.

Relying on the information from the rep, the woman stopped payment, while providing all necessary paperwork for the modification.

In June 2015, Wells Fargo re-sent the woman a packet requesting duplicate documents. The following month, the woman says she began receiving debt collection calls.

When the woman called Wells Fargo about the collection calls, she was told that her account was mistakenly removed from the modification program and placed in foreclosure.

Wells Fargo & Co, No.3 U.S. bank by assets

* “At current price levels, we would expect to have a higher oil and gas losses in 2016.”


Morgan Stanley, No.6 U.S. bank by assets

* “We’ve seen an increase in negative marks within corporate loan book, focus is around energy.”
Wells Fargo to pay $1.2 billion for bad mortgages

Wells Fargo & Co. said Wednesday that it has agreed to pay $1.2 billion to settle a long-running suit that accused the company of “reckless” lending and leaving a federal insurance program to pick up the tab.

The agreement settles civil charges with the U.S. Justice Department, two U.S. attorneys and the Department of Housing and Urban Development

The government sued Wells Fargo in 2012, accusing the U.S. mortgage lender of engaging in “regular practice of reckless origination and underwriting” of government-backed loans. The action was one of several brought under the Federal False Claims Act against a lender accused of bilking the Federal Housing Administration, which has historically backed loans to first-time buyers and those with low incomes.




Wells Fargo Insider Says Bank Is Preparing For Emergency Scenario

Submitted by IWB, on February 4th, 2016
Insider says Wells Fargo are preparing for an imminent emergency


A Wells Fargo bank insider, who claims to be a teller, has said that the bank are training their staff to deal with an imminent “emergency scenario”.

The insider reports:

I am a teller at Wells Fargo here in the US this is also my first time using this proxy.

They started training us today for a bank holiday. They didnt mention the word bank holiday, but they did train us for an “emergency scenario”. They told us it’s just a drill. Ive been working here for 3 years, and we never had a drill before..

They said that during an emergency, they would close the doors and only allow 3 people at a time inside of the branch. Also, my branch manager said that we would have armed guards during the emergency.

The last thing they mentioned is that they wont store alot of cash in the vault, since it will be a safety issue….

just wanted to share this with you guys.

Superstation95.com reports:

A call by SuperStation95 to Wells Fargo Corporate Headquarters in San Francisco to verify these claims was met with a terse “no comment.”
Interpretation

If taken at face value and believed, why would Wells Fargo be doing this?  What “emergency” could take place that might cause people to swarm to a bank in such numbers that they would have to lock the bank and only allow three customers in at a time?

A bank collapse?   An economic collapse?  a Currency collapse?

None of these things would be good and if the claims above are true, it is a dangerous signal to the rest of us to get some money out to tie-us-over for a month or so in the event everything shuts down.

In a banking emergency, CREDIT AND DEBIT CARDS WILL NOT WORK.  


ATM’s will not work.  Banks will be closed so that you cannot even enter your own safe deposit box.

Do you have enough cash money on-hand to get through for a couple weeks operating solely on cash?  If not, you’d better get that taken care of — fast.
We’re not even talking about making payments on your debts during that time, but rather only using the cash to get food, fuel and such to live!  Could you make-it for a month without access to any financial tools or bank cash?

Do you have spare food in the house if stores stop taking credit cards- or the cards don’t work?  How will you eat if everything remains cash-only for a month?

These are legitimate questions you should be asking yourself right now.  Time may be very short.  An economic collapse would take place with lightning speed and by the time you realize what’s happening, people will already be storming the banks and supermarkets trying to stock-up.  Waiting until it actually happens is waiting too long; you’ll be too late.

A word to the wise: Prepare.

WELLS FARGO PREPARING FOR COLLAPSE / CRISIS – Insider Says Bank Is Preparing For Emergency Scenario

Submitted by IWB, on February 7th, 2016


A Wells Fargo bank insider, who claims to be a teller, has said that the bank are training their staff to deal with an imminent “emergency scenario”. The insider reports:

I am a teller at Wells Fargo here in the US this is also my first time using this proxy.

They started training us today for a bank holiday. They didnt mention the word bank holiday, but they did train us for an “emergency scenario”. They told us it’s just a drill. Ive been working here for 3 years, and we never had a drill before..

They said that during an emergency, they would close the doors and only allow 3 people at a time inside of the branch. Also, my branch manager said that we would have armed guards during the emergency. If taken at face value and believed, why would Wells Fargo be doing this? What “emergency” could take place that might cause people to swarm to a bank in such numbers that they would have to lock the bank and only allow three customers in at a time?
A bank collapse? An economic collapse? a Currency collapse?

None of these things would be good and if the claims above are true, it is a dangerous signal to the rest of us to get some money out to tie-us-over for a month or so in the event everything shuts down.

In a banking emergency, CREDIT AND DEBIT CARDS WILL NOT WORK. ATM’s will not work. Banks will be closed so that you cannot even enter your own safe deposit box.

Do you have enough cash money on-hand to get through for a couple weeks operating solely on cash? If not, you’d better get that taken care of — fast. “Wells Fargo” bank banking savings warning “Savings Account” emergency training insider u.s. usa america “united states” holiday “bank holiday” survival prepare business people masses “emergency supplies” store storage vault safe safety deposit credit debt “u.s. dollar” dollar usd currency forex “forex trading” “stock market” customer sale shopping collapse europe global “binary trading” gold silver bullion cash wealth wealthy “credit card” loan 2016 2017 payment life lifestyle food “elite nwo agenda” entertainment greece banking crisis false flag alex jones infowars gerald celente jim rogers david icke coast to coast am super bowl illuminati symbolism american prepper

We’re not even talking about making payments on your debts during that time, but rather only using the cash to get food, fuel and such to live! Could you make-it for a month without access to any financial tools or bank cash?

Do you have spare food in the house if stores stop taking credit cards- or the cards don’t work? How will you eat if everything remains cash-only for a month?

These are legitimate questions you should be asking yourself right now. Time may be very short. An economic collapse would take place with lightning speed and by the time you realize what’s happening, people will already be storming the banks and supermarkets trying to stock-up. Waiting until it actually happens is waiting too long; you’ll be too late. A word to the wise: Prepare. Ron Paul

Former presidential candidate Ron Paul is known best in financial circles for his clear 2003 prediction of the housing bubble crisis. Paul joined the Alex Jones Show in late 2014 to once again warn of the country’s slide into economic disaster. A renowned trends forecaster, Gerald Celente, known worldwide for his accuracy on global events, provided tips on surviving hard economic times earlier this year. Royal Bank of Scotland is warning their investors to sell virtually all their investments. strategies for crisis-investing that could position you to thrive as the rest of the world plunges into chaos



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