Senator: “There’s something wrong with the (Wells Fargo) culture.”

Senator Richard Shelby, chairman of the Senate Banking Committee, went on CNBC’s “Power Lunch” to discuss today’s hearing on the Wells Fargo scandal that involved millions of fraudulent accounts opened by bank employees without customers’ knowledge.

In the interview, Senator Shelby said, “When… you have employees, up to 5,000 that they terminated for bringing forth fraudulent accounts, there’s something wrong with the culture and there’s something wrong with the bank.”

We agree with Senator Shelby’s assessment. In fact, here are just a few problems we have with the (liberal) culture at Wells Fargo:

  • Wells Fargo contributes to the National Urban League, which supports a full repeal of “Stand Your Ground” laws and the implementation of Common Core.
  • Wells Fargo is a member and sponsor of Ceres, which is a liberal environmental group that supports cap-and-trade policies.
  • Wells Fargo was a sponsor of the Human Rights Campaign’s annual dinner.
  • Wells Fargo has made direct donations to Planned Parenthood.
  • Wells Fargo contributes to Girls, Inc., a pro-abortion organization that partners with proponents of Common Core
  • Wells Fargo sponsored 2016 annual banquet for La Raza, an organization that advocates for sanctuary cities.
  • Wells Fargo publicly advocated against religious liberty protections by opposing Indiana’s 2015 RFRA legislation.

For more on why Wells Fargo is rated as one of the most liberal companies in 2ndVote’s database, see the entire scorepage here.

  • James Vipond

    I’m a customer of Great Western Bank, which to my knowledge is more conservative than Wells Fargo.

  • Paul Raymond

    Wells Fargo at least was, and likely still is, a partner of the US Hispanic Chamber of Commerce, another open borders supporter.
    They also support Educators for Fair Consideration,a group trying to get education for illegals.
    Furthermore, they support Golden Door Scholarships, which are scholarships for DACA (illegal) students.
    They also gave money to the Clinton Foundation.

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  • The armed bandits that robbed the stage coaches years ago are now the owners of Wells Fargo. They are still robbing the people under the guise of being far to the left. Wake up America!
    In the late seventies and early eighties they tried to sell a house that was owned by my deceased landlord. He told me he would put it in his will to sell me the house. A local attorney in Sonoma, CA tried to collect rent and finally got a judge to have a bidding on the house. They used a lady who said she wanted it for her son. I told the judge the circumstances, but he had been paid off, and continued the bidding. It cost me $10,000.00 more than the value. I pretended I was going to stop bidding, and dump it on them, at that time the attorney signaled her to stop bidding. Wells Fargo was holding the deed. I borrowed the down payment from a friend and got it financed at a bank in Hollywood. I stayed away from wells fargo. Still do.