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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.”
* “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.”
* “We’ve seen an increase in negative marks within corporate loan book, focus is around energy.”
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
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.
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.
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
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“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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