Economic-Inequality

Wells Fargo Fires 5,300 Low-Level Workers While Executives Keep Jobs

2013-01-01 00:00:00 +0000 UTC | Importance: 8/10

Wells Fargo begins systematically firing approximately 5,300 low-level employees between 2011 and 2016 for creating unauthorized customer accounts, while the senior executives who designed the sales incentive systems and set impossible quotas face no disciplinary action. The firings demonstrate a …

Wells Fargo John Stumpf Carrie Tolstedt corporate-fraud wells-fargo economic-inequality corporate-accountability

Reagan Leaves Office: Domestic Corruption and Policy Failure Legacy

1989-01-20 00:00:00 +0000 UTC | Importance: 9/10

Ronald Reagan leaves office with a domestic legacy of systematic corruption, regulatory capture, and policy failures that define American political economy for decades. The S&L crisis triggered by his deregulation will ultimately cost taxpayers $160 billion and require prosecuting 1,000+ bankers …

Ronald Reagan George H.W. Bush American public reagan-legacy corruption policy-failure economic-inequality deregulation