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Thread: Seattle wanted to break up with Wells Fargo. Then it committed to three more years

  1. #1
    Going Nuclear- Daily Yetisports6 - Big Wave Champion, Bezerk Champion, All Ball Champion, Magic Gem Champion, Crystal Clear Champion, Flower Power Champion, Space Thieves TD Champion, X-treme Moto Idiot Cross Champion, Micro Tanks Champion, Race Horse Tycoon Champion, Railway Line Champion, Raju Meter 2 Champion, Metal Slug - Kill the Nazis Champion, Decoder Champion, 1 in 24 Speed v32  Champion Crusher's Avatar
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    Seattle wanted to break up with Wells Fargo. Then it committed to three more years

    Seattle wanted to break up with Wells Fargo. Then it committed to three more years | KUOW News and Information

    Breaking up is hard — especially if you're a city trying to break up with a bank.

    Especially if the other banks aren't all that interested in dating you.

    That's more or less why Seattle just signed a three year extension to keep banking with Wells Fargo, even though officials voted a year ago to cut ties with the bank because of its role in funding the Dakota Access Pipeline.

    The city council resolved to find a new financial institution before ending the Wells Fargo contract at the end of 2018. But this week, City Finance Director Glen Lee gave them an update on the search for a bank.

    "The reality is, none wanted to participate and bid for our services, and given the time it takes to shift to a new service, we felt it was prudent for the city to move forward," Lee said.


    Read more.... Seattle wanted to break up with Wells Fargo. Then it committed to three more years | KUOW News and Information

    ==============================================

    The real story here is that the Leftists that run Seattle were upset over Wells Fargo’s role in the Dakota Access Pipeline project. They vowed to cut ties. But, no other bank wanted to take on the city. I am surprised Wells Fargo took them back. It would have been interesting to watch Seattle scramble if Wells Fargo told them thanks, but not thanks.

    These Leftist boycotts putting ideology over business in extreme ways rarely works out the way intended.

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    Dick with my Buzz...Try DebateDrone's Avatar
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    Wells Fargo is lucky to have any business after fucking their customers in the ass.
    Thanks from BDBoop

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    Newm' Embre orangecat's Avatar
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    Quote Originally Posted by DebateDrone View Post
    Wells Fargo is lucky to have any business after fucking their customers in the ass.
    Seattle just signed up for three more years of sodomy, then. Strange.
    Thanks from Crusher and bajisima

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    Going Nuclear- Daily Yetisports6 - Big Wave Champion, Bezerk Champion, All Ball Champion, Magic Gem Champion, Crystal Clear Champion, Flower Power Champion, Space Thieves TD Champion, X-treme Moto Idiot Cross Champion, Micro Tanks Champion, Race Horse Tycoon Champion, Railway Line Champion, Raju Meter 2 Champion, Metal Slug - Kill the Nazis Champion, Decoder Champion, 1 in 24 Speed v32  Champion Crusher's Avatar
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    Quote Originally Posted by DebateDrone View Post
    Wells Fargo is lucky to have any business after fucking their customers in the ass.
    I wouldn't have put the second half of my sentence that way, but I agree with the sentiment. It's speaks to how bad Seattle is viewed by banks.

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    Going Nuclear- Daily Yetisports6 - Big Wave Champion, Bezerk Champion, All Ball Champion, Magic Gem Champion, Crystal Clear Champion, Flower Power Champion, Space Thieves TD Champion, X-treme Moto Idiot Cross Champion, Micro Tanks Champion, Race Horse Tycoon Champion, Railway Line Champion, Raju Meter 2 Champion, Metal Slug - Kill the Nazis Champion, Decoder Champion, 1 in 24 Speed v32  Champion Crusher's Avatar
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    Quote Originally Posted by orangecat View Post
    seattle just signed up for three more years of sodomy, then. Strange.
    rofl!!!!

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    Quote Originally Posted by Crusher View Post
    Seattle wanted to break up with Wells Fargo. Then it committed to three more years | KUOW News and Information

    Breaking up is hard — especially if you're a city trying to break up with a bank.

    Especially if the other banks aren't all that interested in dating you.

    That's more or less why Seattle just signed a three year extension to keep banking with Wells Fargo, even though officials voted a year ago to cut ties with the bank because of its role in funding the Dakota Access Pipeline.

    The city council resolved to find a new financial institution before ending the Wells Fargo contract at the end of 2018. But this week, City Finance Director Glen Lee gave them an update on the search for a bank.

    "The reality is, none wanted to participate and bid for our services, and given the time it takes to shift to a new service, we felt it was prudent for the city to move forward," Lee said.


    Read more.... Seattle wanted to break up with Wells Fargo. Then it committed to three more years | KUOW News and Information

    The real story here is that the Leftists that run Seattle were upset over Wells Fargo’s role in the Dakota Access Pipeline project. They vowed to cut ties. But, no other bank wanted to take on the city. I am surprised Wells Fargo took them back. It would have been interesting to watch Seattle scramble if Wells Fargo told them thanks, but not thanks.

    These Leftist boycotts putting ideology over business in extreme ways rarely works out the way intended.
    Add this to the long list of moronic things the Seattle City Council has been doing. The amount of complexity, technology and work processes that go into daily banking and deposits takes years to build up. Entire jobs are based around the utilization of the bank's online banking functions.

    Now, cities should periodically review who they bank with and go out to bid for other banking services to make sure they're getting the best deal. For another bank to win the municipality's business, it would have to offer a much better deal to be worth the additional disruption and re-working of so many jobs, tasks and processes using another bank's platform. But it's not a bad exercise to periodically accept bids to bank with someone else.

    Action taken by the Seattle Assembly is different though. They are idiotically making this about things not related to the City's actual operations or daily business. The council doesn't care what disruption they cause to their employees, or what extra costs they put on taxpayers, as long as their highly radicalized partisan will is carried out.
    Thanks from Crusher

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    Quote Originally Posted by Crusher View Post
    I wouldn't have put the second half of my sentence that way, but I agree with the sentiment. It's speaks to how bad Seattle is viewed by banks.
    Even if they weren't necessarily viewed as "bad," other than banks just looking at their own bottom line and determining if it was worth it, the fact that the impetus for the request is based on highly politicized bullshit that doesn't have anything to do with staff's happiness with daily banking services, that would be a significant dissuading factor from submitting a bid. If the other guy got kicked out for idiotic extremely political stunt reasons, I'm not sure I want that organization as a client, because then the organization is going to start dragging my politics into it, prying into who my other clients are and what their politics are, and so forth.

    The people on the Seattle City Council are complete fucking morons with radical political views, or at best, enablers of such.

  8. #8
    Moderator HayJenn's Avatar
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    Quote Originally Posted by Crusher View Post
    Seattle wanted to break up with Wells Fargo. Then it committed to three more years | KUOW News and Information

    Breaking up is hard — especially if you're a city trying to break up with a bank.

    Especially if the other banks aren't all that interested in dating you.

    That's more or less why Seattle just signed a three year extension to keep banking with Wells Fargo, even though officials voted a year ago to cut ties with the bank because of its role in funding the Dakota Access Pipeline.

    The city council resolved to find a new financial institution before ending the Wells Fargo contract at the end of 2018. But this week, City Finance Director Glen Lee gave them an update on the search for a bank.

    "The reality is, none wanted to participate and bid for our services, and given the time it takes to shift to a new service, we felt it was prudent for the city to move forward," Lee said.


    Read more.... Seattle wanted to break up with Wells Fargo. Then it committed to three more years | KUOW News and Information

    ==============================================

    The real story here is that the Leftists that run Seattle were upset over Wells Fargo’s role in the Dakota Access Pipeline project. They vowed to cut ties. But, no other bank wanted to take on the city. I am surprised Wells Fargo took them back. It would have been interesting to watch Seattle scramble if Wells Fargo told them thanks, but not thanks.

    These Leftist boycotts putting ideology over business in extreme ways rarely works out the way intended.
    You keep doing this.

    You take an article that say's nothing about "Leftists" and then insert your own bias into the OP.

  9. #9
    is tentatively optimistic BDBoop's Avatar
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    Quote Originally Posted by DebateDrone View Post
    Wells Fargo is lucky to have any business after fucking their customers in the ass.
    Without benefit of Vaseline™.

    I highly recommend that the entire nation switch to Credit Unions. I don't know why everybody hasn't already moved their money.

  10. #10
    DEEP STATE CEO Blues63's Avatar
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    Quote Originally Posted by HayJenn View Post
    You keep doing this.

    You take an article that say's nothing about "Leftists" and then insert your own bias into the OP.
    Yep, the same theme every time: 'Leftists, leftists, leftists' ~ a one note symphony for the left hand. There is a real discussion in the OP but it is reduced to partisan 'point scoring'.

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