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So, About Those 2 Million Fake Bank Accounts...
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DATE:
2016-09-10 09:01:08
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Share The Viewa:visited { color: #00b9e7; } a:hover { text-decoration: underline !important; } a:hover#logo { text-decoration: none !important; } @media only screen and (max-device-width: 480px) { a[id=logo] { font-size: 34px !important; } body { width: 100% !important; } table { width: 100% !important; } } @media only screen and (min-device-width: 320px) and (max-device-width: 568px) { html { -webkit-text-size-adjust: auto; } td[id=content] { font-size: 18px !important; } body { width: 100% !important; } table { width: 100% !important; } }Share The ViewThe Latest Opinions From Bloomberg ViewSep 10, 2016bloomberg.com/viewWhat on Earth Happened at Wells Fargo?Over the past five years, more than 5,300 Wells Fargo employees opened several million customer accounts without those customers' knowledge -- malfeasance on such a grand scale that it was "less a conspiracy and more a spontaneous revolt," Matt Levine says. With the bank now facing $185 million in fines, the moral of the story is this: You get what you measure, even if it's not what you wanted.The Three Most Important Words: 'I Don't Know'If you think you'd be smarter than all those chumps who invested in Theranos, you learned the wrong lesson, Barry Ritholtz says. It's common for people not to understand investment ideas -- the hard part is admitting it.Spain's Political Mess Is a Blessing, Not a CurseAfter nearly a year without a functioning government, Spain may soon be forced to hold its third election in 2016. It sounds like shocking electoral dysfunction, but Leonid Bershidsky looks on the bright side: Factions need to thrash out their differences, and the turmoil doesn't seem to hurt the country's economy.Free-Speech Debate Misses Colin Kaepernick's PointThe 49ers quarterback has a right to protest, and the NFL has a right to react. But legal scholar Stephen L. Carter says the First Amendment conversation obscures a far more important issue.Hannity Will Own a Share of Any Trump DefeatFox News host Sean Hannity has launched a crusade against anti-Trump Republicans, warning one conservative writer that if he "sabotage[s]" the candidate's bid, he will "own the damage" of a Clinton victory. But Ramesh Ponnuru says Hannity's vendetta exposes his own culpability in the GOP's likely defeat.Ritholtz's ReadsInvestment trend: Are classic cars overtaking art? (Classic Driver)Where today's jobs are most likely to vanish tomorrow (Wonkblog)The life-changing magic of turning employees into shareholders (The Atlantic)(Read Barry Ritholtz's full daily news roundup.)Bloomberg GadflyKroger lowers its own barYahoo's mysterious $3 billion mathWells Fargo cross-sells its reputation(Read more from BV's sister site for fast business commentary.)For more information, email view@bloomberg.net.For media inquiries, contact Jill Watanabe at +1-212-617-1610 or jwatanabe11@bloomberg.net.You received this message because you signed up for Bloomberg View newsletters.bloomberg.com/view | 731 Lexington Avenue, New York, NY 10022 | Contact Us | Unsubscribe <a href="http://link.mail.bloombergview.com/click/7589543.17114/aHR0cDovL3d3dy5tYWlsLmJsb29tYmVyZ3ZpZXcuY29tIg/55086a4c3b35d051538c37ccB36acd8cb><img src="http://link.mail.bloombergview.com/img/55086a4c3b35d051538c37cc4io4n.d7e/9e6fdc60.gif" alt="" border="0" /></a>
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