Steal billions, mass foreclose on homes in error, or cause the greatest financial collapse in the modern history of the United States... and get off scott free. But 'steal' 10 cents 50 years ago? Lose your job:
Wells Fargo Home Mortgage (WFC) has fired a Des Moines worker over a 1963 incident at a Laundromat involving a fake dime in the wake of new employment guidelines.
Richard Eggers, 68, was fired in July from his job as a customer service representative for putting a cardboard cutout of a dime in a washing machine nearly 50 years ago
So Mr Eggers, 50 years ago when he was 18, used a fake dime in a machine and was charged with operating a coin machine under false means and jailed for two days. Basically... stealing a dime. Nothing near on the level of say... holding down a man and forcing a haircut upon them. Or dressing up like a police officer and pulling people over. Using 'new banking regulations' as an excuse, big Banks are firing large amounts of low-wage employees.
Big banks have been firing low-level employees like Eggers since new federal banking employment guidelines were enacted in May 2011 and new mortgage employment guidelines took hold in February, the newspaper said. The tougher standards are meant to clear out executives and mid-level bank employees guilty of transactional crimes — such as identity theft and money laundering — but are being applied across the board because of possible fines for noncompliance.
Banks have fired thousands of workers nationally
Their excuse is that they have to comply with new laws barring people who commited 'dishonest crimes'. I see it as retribution for the administrations attempts at financial regulation.