BeyondBailouts.org: The Return of Progressive Corporatism
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NevaehN · 10 months agoEconomic recession has been resulted to financial crisis. Several bailouts have been taken to save our falling economy but still, we are under recession. Nonetheless, Wells Fargo turned around and used the funds they got as part of the TARP program to put on an employee soiree. CEO John Stumpf, taken to task in the press, has stated that the functions aren't a big deal; they're for regular hardworking employees– the kind of people who actually need financial help every now and again– not executives. The company has suspended all such future activities after taking criticism for throwing this company bash. A company party might be good for morale, but not using the payday loan given to them by the public.