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Bank May Have Stolen - Oops I Mean "Lost" Grandma's Money-Wells Fargo Refuses To Cash Her CD Worth $100K

 
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Bank May Have Stolen - Oops I Mean "Lost" Grandma's Money-Wells Fargo Refuses To Cash Her CD Worth $100K
[link to www.kpho.com]


VIDEO [link to www.kpho.com]


PHOENIX -- Phoenix resident Rosemarie Braunstein said Wells Fargo has refused to cash her certificate of deposit because it has lost her records.

Braunstein said the CD is worth at least $100,000.

Braunstein and her husband purchased the CD for $18,023.15 for First Interstate Bank in Phoenix.

Since then, the bank has changed hand two times. It is now owned by Wells Fargo.

Wells Fargo officials have told Braunstein they cannot find a record of her investment.

“I didn't work hard all of these years with my husband to get this kind of money, put it in a bank and be told, ‘I'm sorry. I don't know where your money is.’ Are they kidding?” Braunstein said.

Braunstein had forgotten about the CD.

Then, while searching through old records earlier this year, she discovered the original certificate.

"I said, 'I'll be damned, maybe God's throwing this at me for a reason,'” she said.

Braunstein had been forced to put her home up for sale after she lost her nest egg in the 2008 Wall Street crash.

She said money from the CD would allow her to stay in her Central Phoenix residence.

"This would be the answer to everything. The answer to my prayers,” she said. “We'd be able to pay off the house. We'd be able to stay here.”

So far, Rosemarie said Wells Fargo representatives have refused to help her find the missing money.

“They basically just laugh, not actually orally laugh at you, but dismiss you. Like you're insignificant,” she said.

“Maybe it's nothing to them, but it's an awful lot to me,” she said.

Braunstein contacted CBS 5 with her story after seeing our Tuesday 10 p.m. broadcast.

We told viewers about a Casa Grande couple with a similar problem.

Paul and Christine Dickey have a CD worth about $400,000.

Since the CD was purchased in 1980, their bank had changed hands three times.

The couple was unsure which bank owed them money.

At one time, Wells Fargo also owned the Dickey's bank.

Wells Fargo has promised CBS 5 they will contact Braunstein and Paul Dickey.

If you have a similar complaint, go to our homepage and click on "Saw It on CBS 5.”

It will link you to U.S. Comptroller of the Currency's Web site.

The government agency regulates some banks and has online tools to help you find out what agency regulates your financial institution.

Customers should file a complaint with the agency that oversees their bank.
political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.
refugee13

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10/02/2009 09:46 AM
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Re: Bank May Have Stolen - Oops I Mean "Lost" Grandma's Money-Wells Fargo Refuses To Cash Her CD Worth $100K
I would be in that bank cleaning off the desks of everyone there until they found it...
"Livin' The Dream..."

"Don't believe in anyone, 'cos they'll feel you so much more"

"So break me down if it makes you feel right~and hate me now if it keeps you alright~you can't break me down if it takes all your might~cause I'm so much more than meets the eye..."

"Some people would bitch if their ice cream was cold..."

Avian

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10/02/2009 09:48 AM
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Re: Bank May Have Stolen - Oops I Mean "Lost" Grandma's Money-Wells Fargo Refuses To Cash Her CD Worth $100K
so holding physical gold is looking better and better isnt it?
"When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it."
- Frédéric Bastiat

food, water, ammo, weapons, battery back up solar, hand well pump, wood stove and 1 year of food...oh yeah PM's too...good luck
Chawlee

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10/02/2009 09:48 AM
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Re: Bank May Have Stolen - Oops I Mean "Lost" Grandma's Money-Wells Fargo Refuses To Cash Her CD Worth $100K
They probably don't have enuff money to cash it.
Anonymous Coward
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10/02/2009 09:49 AM
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Re: Bank May Have Stolen - Oops I Mean "Lost" Grandma's Money-Wells Fargo Refuses To Cash Her CD Worth $100K
so holding physical gold is looking better and better isnt it?
 Quoting: Avian


no it is not
PhennommennonnModerator  (OP)
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10/02/2009 09:52 AM

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Re: Bank May Have Stolen - Oops I Mean "Lost" Grandma's Money-Wells Fargo Refuses To Cash Her CD Worth $100K
whoa....wait a minute....banks send out a 1099s annually re interest accrued - when was the last time she received one? does she remember? if she got one this past january, then she can call tucson sam to follow his nose
political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.
Anonymous Coward
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10/02/2009 09:59 AM
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Re: Bank May Have Stolen - Oops I Mean "Lost" Grandma's Money-Wells Fargo Refuses To Cash Her CD Worth $100K
This really makes me mad. Lets keep screwing the people that have worked hard for their entire life and let someone like that piece of crap wells fargo bend them over and say ooppps we cant find it!!!
ZTE
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10/02/2009 10:01 AM
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Re: Bank May Have Stolen - Oops I Mean "Lost" Grandma's Money-Wells Fargo Refuses To Cash Her CD Worth $100K
I cashed in my CD yesterday. Of course now I'm screwed if I get robbed, but I feel like I can defend my money better than the bank these days.
BRIEF AND TO THE POINT

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10/02/2009 10:02 AM
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Re: Bank May Have Stolen - Oops I Mean "Lost" Grandma's Money-Wells Fargo Refuses To Cash Her CD Worth $100K
A CD (certificate of depression) is a contract. When banks change names the new bank has to buy the old banks contracts. When a cd comes due and you don't cash it, it will automatically roll into the same term at the new interest rate. She needs a lawyer.
Poor people do poor people things, and rich people do rich people things.

You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.

What one person receives without working for, another person must work for without receiving.

The government cannot give to anybody anything that the government does not first take from somebody else.

When half of the people get the idea that they do not have to work because the other half is going to take care of them, and the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is the beginning of the end of any nation.

You cannot multiply wealth by dividing it!

when you rob Paul to give to Peter ... ... ... you will always get Peters support!

:Brieffromnativea:
Anonymous Coward
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10/02/2009 10:03 AM
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Re: Bank May Have Stolen - Oops I Mean "Lost" Grandma's Money-Wells Fargo Refuses To Cash Her CD Worth $100K
reminds me of a South Park episode about the bail outs...


"Sir, I'd like to deposit this $100."
"Why sure Miss, and....Poof! It's gone"
Anonymous Coward
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10/02/2009 10:03 AM
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Re: Bank May Have Stolen - Oops I Mean "Lost" Grandma's Money-Wells Fargo Refuses To Cash Her CD Worth $100K
I know a rental yard forgot to bill an oil co. for portable toilets for a few years--found the account/still active-called up the oil co.
sir, you owe us --250,000 hmm 1/4 of a million--
oil co. says let us check it-
sent a check for $250,000
it may be crap to you but its bread n butter to me/says the owner/lol
PhennommennonnModerator  (OP)
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10/02/2009 10:04 AM

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Re: Bank May Have Stolen - Oops I Mean "Lost" Grandma's Money-Wells Fargo Refuses To Cash Her CD Worth $100K
in arizona if you have an acct like 5 years plus w/o activity say automatic roll over and you dont interact with the bank - the bank will turn the money over to the state.
[link to www.missingmoney.com]
key in her name her name and state/AZ she comes up. so i called the tv station they said they explored this. and.....they said its not her.

what CD rolls over this long???

but if you look at the details when you enter her name....it wont give the source.
[link to www.fileden.com]

Last Edited by Phennommennonn on 10/02/2009 10:06 AM
political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.
BRIEF AND TO THE POINT

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10/02/2009 10:04 AM
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Re: Bank May Have Stolen - Oops I Mean "Lost" Grandma's Money-Wells Fargo Refuses To Cash Her CD Worth $100K
I cashed in my CD yesterday. Of course now I'm screwed if I get robbed, but I feel like I can defend my money better than the bank these days.
 Quoting: ZTE 779511


I have a 10 year coming due early next year. I can just feel the hate every month when the send the statement showing 7% compounded interest LOL.
Poor people do poor people things, and rich people do rich people things.

You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.

What one person receives without working for, another person must work for without receiving.

The government cannot give to anybody anything that the government does not first take from somebody else.

When half of the people get the idea that they do not have to work because the other half is going to take care of them, and the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is the beginning of the end of any nation.

You cannot multiply wealth by dividing it!

when you rob Paul to give to Peter ... ... ... you will always get Peters support!

:Brieffromnativea:
Anonymous Coward
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10/02/2009 10:05 AM
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Re: Bank May Have Stolen - Oops I Mean "Lost" Grandma's Money-Wells Fargo Refuses To Cash Her CD Worth $100K
Braunstein had been forced to put her home up for sale after she lost her nest egg in the 2008 Wall Street crash.

 Quoting: Phennommennonn



What the hell is she doing in the stock market anyways?
BRIEF AND TO THE POINT

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10/02/2009 10:07 AM
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Re: Bank May Have Stolen - Oops I Mean "Lost" Grandma's Money-Wells Fargo Refuses To Cash Her CD Worth $100K
in arizona if you have an acct like 5 years plus w/o activity say automatic roll over and you dont interact with the bank - the bank will turn the money over to the state.
[link to www.missingmoney.com]
key in her name her name and state/AZ she comes up. so i called the tv station they said they explored this. and.....they said its not her.

but if you look at the details when you enter her name....it wont give the source.
[link to www.fileden.com]
 Quoting: Phennommennonn


Because my kids savings accounts are for their car only they don't have much activity on them other than the occasional deposit. So, every three months or whenever I think about it, I get on the puter and transfer .01 to their accounts to generate a statement. hahaha
Poor people do poor people things, and rich people do rich people things.

You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.

What one person receives without working for, another person must work for without receiving.

The government cannot give to anybody anything that the government does not first take from somebody else.

When half of the people get the idea that they do not have to work because the other half is going to take care of them, and the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is the beginning of the end of any nation.

You cannot multiply wealth by dividing it!

when you rob Paul to give to Peter ... ... ... you will always get Peters support!

:Brieffromnativea:
PhennommennonnModerator  (OP)
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10/02/2009 10:09 AM

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Re: Bank May Have Stolen - Oops I Mean "Lost" Grandma's Money-Wells Fargo Refuses To Cash Her CD Worth $100K
the fact that the lady has the original CD is proof of an account. thats the whole fkn point of a 'certificate'! it dont matter whether the bank lost the records, if the bank changed hands, or if their computer system got a virus - shes got the proof. she me da money!!! they cant bc they stole it.
political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.
BRIEF AND TO THE POINT

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10/02/2009 10:09 AM
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Re: Bank May Have Stolen - Oops I Mean "Lost" Grandma's Money-Wells Fargo Refuses To Cash Her CD Worth $100K
Braunstein had been forced to put her home up for sale after she lost her nest egg in the 2008 Wall Street crash.




What the hell is she doing in the stock market anyways?
 Quoting: Anonymous Coward 784670


The better question is: Why did she have ALL her money in the market? She should be in a paid off house before investing in the market.
Poor people do poor people things, and rich people do rich people things.

You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.

What one person receives without working for, another person must work for without receiving.

The government cannot give to anybody anything that the government does not first take from somebody else.

When half of the people get the idea that they do not have to work because the other half is going to take care of them, and the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is the beginning of the end of any nation.

You cannot multiply wealth by dividing it!

when you rob Paul to give to Peter ... ... ... you will always get Peters support!

:Brieffromnativea:
PhennommennonnModerator  (OP)
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10/02/2009 10:10 AM

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Re: Bank May Have Stolen - Oops I Mean "Lost" Grandma's Money-Wells Fargo Refuses To Cash Her CD Worth $100K
This really makes me mad. Lets keep screwing the people that have worked hard for their entire life and let someone like that piece of crap wells fargo bend them over and say ooppps we cant find it!!!
 Quoting: Anonymous Coward 738845

wells forgot
political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.
Jimmy2times
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10/02/2009 10:11 AM
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Re: Bank May Have Stolen - Oops I Mean "Lost" Grandma's Money-Wells Fargo Refuses To Cash Her CD Worth $100K
reminds me of a South Park episode about the bail outs...


"Sir, I'd like to deposit this $100."
"Why sure Miss, and....Poof! It's gone"
 Quoting: Anonymous Coward 782951


And it's GONE

PhennommennonnModerator  (OP)
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10/02/2009 10:15 AM

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Re: Bank May Have Stolen - Oops I Mean "Lost" Grandma's Money-Wells Fargo Refuses To Cash Her CD Worth $100K
well what do we have here???

[link to ripoffreport.com]

Report: Wells Fargo Bank
Wells Fargo Bank Claims that they have lost record of my Grandchildren's 100,000 dollar CD San Francisco California
political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.
PhennommennonnModerator  (OP)
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10/02/2009 10:19 AM

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Re: Bank May Have Stolen - Oops I Mean "Lost" Grandma's Money-Wells Fargo Refuses To Cash Her CD Worth $100K
I would be in that bank cleaning off the desks of everyone there until they found it...
 Quoting: refugee13

the state banking commission would be dragging their feet on something like this.
political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.
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Re: Bank May Have Stolen - Oops I Mean "Lost" Grandma's Money-Wells Fargo Refuses To Cash Her CD Worth $100K
so holding physical gold is looking better and better isnt it?
 Quoting: Avian


its time to get out AV....somethings gonna go down here shortly, the banksters are gonna have one last hurrah before they crash the system.
political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.
PhennommennonnModerator  (OP)
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Re: Bank May Have Stolen - Oops I Mean "Lost" Grandma's Money-Wells Fargo Refuses To Cash Her CD Worth $100K
They probably don't have enuff money to cash it.
 Quoting: Chawlee

and the FDIC is broke and wouldnt even be applicable here unless they couldnt pay her....which im thinking prolly is the reason here since wells is on welfare so to speak.
political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.
Jimmy2times
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10/02/2009 10:25 AM
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Re: Bank May Have Stolen - Oops I Mean "Lost" Grandma's Money-Wells Fargo Refuses To Cash Her CD Worth $100K
I would be in that bank cleaning off the desks of everyone there until they found it...

the state banking commission would be dragging their feet on something like this.
 Quoting: Phennommennonn

Maybe they will have the SEC investigate it. They did an AWESOME job investigating Bernie Madoff, why not give them MORE to do.

The government loves to reward incompetence, does FEMA ring a bell?

They screw up and the government gives them EVEN MORE to be irresponsible for.
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10/02/2009 10:29 AM

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Re: Bank May Have Stolen - Oops I Mean "Lost" Grandma's Money-Wells Fargo Refuses To Cash Her CD Worth $100K
I would be in that bank cleaning off the desks of everyone there until they found it...

the state banking commission would be dragging their feet on something like this.

Maybe they will have the SEC investigate it. They did an AWESOME job investigating Bernie Madoff, why not give them MORE to do.

The government loves to reward incompetence, does FEMA ring a bell?

They screw up and the government gives them EVEN MORE to be irresponsible for.
 Quoting: Jimmy2times 522543

heya jimmie wtf you been?

i dunno about the sec. but wells does have a pattern a diff case from another state i found at the rip off report from this year.

i think the banks are to far into the hole for any investigations to commence and or be resolved. to much fraud, collusion and looting.

everyone should gtfo of banks now. whatever you got, invest in something tangible.
political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.
Anonymous Coward
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Re: Bank May Have Stolen - Oops I Mean "Lost" Grandma's Money-Wells Fargo Refuses To Cash Her CD Worth $100K
10 of 24
Anonymous Coward
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10/02/2009 10:32 AM
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Re: Bank May Have Stolen - Oops I Mean "Lost" Grandma's Money-Wells Fargo Refuses To Cash Her CD Worth $100K
#1, as Phenommm said, she should have been receiving a 1099 every year in order to pay tax on the interest. You'd think she'd notice if they stopped coming! She should be able to produce the last 1099 she has as further proof.

#2, just because she has an original paperwork showing she owned it at one time, doesn't mean she didn't cash it out after that time. But if she did, there should be a tax record of that too.

#3, people need to watch their $$ more carefully. My 86yo mom still keeps up with all her CDs and their maturities and whether to roll them, etc. If she didn't, us kids would do it for her.

#4, she should use a smaller bank where the tellers/managers are there long-term, know her by name, look out for her in matters like this. Those places do still exist, our family uses them.

.
Anonymous Coward
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10/02/2009 10:34 AM
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Re: Bank May Have Stolen - Oops I Mean "Lost" Grandma's Money-Wells Fargo Refuses To Cash Her CD Worth $100K
Do not play their game. Play your own. Fill out a 1099a and a IRS 3949A form. Send the bank their copy of the 1099a and attach the IRS copy of the 1099a with the 3949A to the IRS CID via certified mail. If that does not produce results then file a UCC1 in the banks home state. You will get your money.

Just remember you are always the lender on these forms. Check corrected on the 1099a form.Have your paperwork ready. You will get a visit from the IRS CID.

Good Luck
Jimmy2times
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10/02/2009 10:35 AM
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Re: Bank May Have Stolen - Oops I Mean "Lost" Grandma's Money-Wells Fargo Refuses To Cash Her CD Worth $100K
I would be in that bank cleaning off the desks of everyone there until they found it...

the state banking commission would be dragging their feet on something like this.

Maybe they will have the SEC investigate it. They did an AWESOME job investigating Bernie Madoff, why not give them MORE to do.

The government loves to reward incompetence, does FEMA ring a bell?

They screw up and the government gives them EVEN MORE to be irresponsible for.

heya jimmie wtf you been?

i dunno about the sec. but wells does have a pattern a diff case from another state i found at the rip off report from this year.

i think the banks are to far into the hole for any investigations to commence and or be resolved. to much fraud, collusion and looting.

everyone should gtfo of banks now. whatever you got, invest in something tangible.
 Quoting: Phennommennonn

I been here at GLP, where REAL PEOPLE post REAL OPINIONS.

This site is the best for people that actually use their brain, except for the occasional shill knuckelhead. :-)

I agree, stories like these just go to show that the banks are fucked.

Seems like there is an attack on older people these days.

Banks, Healthcare, nursing homes, SSN...

Since when did we stop caring so much about the elderly?

Keep on sharing the info Phennommennonn - People need to know.

hf
anonymous
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10/02/2009 10:36 AM
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Re: Bank May Have Stolen - Oops I Mean "Lost" Grandma's Money-Wells Fargo Refuses To Cash Her CD Worth $100K
so holding physical gold is looking better and better isnt it?
 Quoting: Avian

the problem with gold is that half of all gold is sold to jewerly manufactors in normal times. .well a ongoing run up in glold prices unhinges consumer jewerly store markets .. this happen as gold went up in late 70s and peaked at $800.00 anounce in early 1980s by the 1986 in hard recession times,, gold dropped to under $600.00 . but folks were not buying alot of jewlry . ...............................by 911 in 2001 Gold was a mere $267.00 ounce .. it started going nuts by 1978 with 12 percent annual inflation periods .............................................................​...........................By 1980 s and onward we saw Stag Flation.. bringing stagnet consumer markets high uemployment stagnet housing resale markets and deflation on housing prices .high unemployment levels not sine the Great Depression.. so gold was going to the wall also gradually ..it had reached its best pyramid price by early 80s .
Anonymous Coward
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10/02/2009 10:40 AM
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Re: Bank May Have Stolen - Oops I Mean "Lost" Grandma's Money-Wells Fargo Refuses To Cash Her CD Worth $100K
If some pencil pushin' employee were to laugh at me about losing 100K of my money he'd be eatin' a knuckle sandwich





GLP