Even as Wells Fargo scandal deepens, GOP lawmakers push bank deregulation

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Even as Wells Fargo scandal deepens, GOP lawmakers push bank deregulation

Even as Wells Fargo scandal deepens, GOP lawmakers push bank deregulation

LA TIMES-

Far be it from me to see metaphors where none exist, but Wells Fargo’s good name was literally blown away when Hurricane Harvey roared into the Texas city of Corpus Christi last week.

As the local paper reported: “An ‘O’ came to rest near a fountain on the corner of Lower Broadway and Peoples streets. Near there an ‘F’ sat, positioned by the downtown murals of children swimming underwater. An ‘L’ was propped against a blue dumpster.”

The big yellow letters blew off the top of the bank’s downtown building. They were subsequently retrieved and left in a heap near the front door.

That’s the image in my head as Congress returns to work Tuesday after its August recess (the Senate took three weeks off; the House took five). On the to-do list is Republicans’ ill-conceived Financial Choice Act, which the House passed in June and the Senate Banking Committee will take up in coming weeks.

[LA TIMES]

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