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Wells Fargo's Fraud And Why Big Banks Keep Getting Away With Bad Behavior

Not long ago, the Consumer Financial Protection Bureau exacted its largest fine ever -- $185 million -- from Wells Fargo Bank for defrauding over 1 million customers. Sounds like a lot of money. But as President Nixon might have said on his secret audiotapes, revealed during the Watergate investigation, "Big f---ing deal." Paying such a fine is viewed by too many major financial institutions in much the same way -- not as a painful punishment but rather as a routine cost of doing business.
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