They have learned nothing?
They have convinced you to come to their place of business, regularly, for more than a decade.
They have convinced you that since you are not aware that they are opening fake accounts in your name, then it isn’t happening.
They have learned that they can privatize gains, socialize the losses, and all it costs them is a few small campaign contributions.
Sounds to me like it is the author that has learned nothing.
6. Read The Creature from Jekyll Island: A Second Look at the Federal Reserve – 5th Edition, by G. Edward Griffin.
– I Went to a Wells Fargo Branch, this is What Happened Next:
They have learned nothing.
I walked into my Wells Fargo branch to put my data backup into my safe deposit box, as I’ve been doing for a decade. This routine business turned into a wake-up call about safe deposit boxes and churned up insights into how Wells Fargo conducts to this day its cross-selling efforts: the algo makes them do it!
To clarify, I’m a happy customer. Wells Fargo handles day-to-day banking for me and my vast WOLF STREET media-mogul-empire corporation. The people are nice, and I have not yet noticed any fraudulent accounts in my name.
It doesn’t bother me that every time I call one of the national numbers with a problem or question, I have to swat away their offers of “pre-approved” credit cards, lines of credit, or other high-margin products. Having run a car dealership earlier in my life, I appreciate the art of aggressive cross-selling. However, we never-ever did it over the phone! We waited till we saw the whites of their eyes.