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Our Giant Experiment With “Greed Is Good” Has Failed

Another day, another example of the disastrous effect Reaganomics has had on our country’s business culture.

Ever since his bank was fined $185 million for illegally opening millions of accounts in its customers’ names to help boost profits, Wells Fargo CEO John Stumpf has insisted that he only discovered what was going on in 2013.

That’s what he said when testifying before Congress, and it’s what he’s said in all public remarks on the scandal.

There’s only one problem: John Stumpf appears to be lying.

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