The presidential campaign in the US has encouraged the Democratic nominee, Mrs. Hillary Clinton, to superficially take on problems in the banking sector.   She is now talking about taking on Wells Fargo.

As we have previously reported, Wells Fargo encouraged employees to set up unauthorized bank accounts that their customers had not requested. Many underlings at the bank were dismissed over this action, which it is highly unlikely they undertook on their own.

Congress ordered its CEO to testify and we had a quasi-Japanese moment when he took the bullet.  He may have lost 60 million dollars, but millions of dollars  remain lining his pockets.

Since these kinds of actions, undertaken at a much higher level, and at the instigation of bank CEOs have gone on for decades and no other CEO, including Jamie Dimon of JP Morgan Chase, have gone unscathed, we wonder how seriously we can take the  curren flurry of sttention around banks and what any politician is willling to do to change the course of Big Banks in this country.

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