Mailbag

Check out all the great letters everybody is sending to their new friends in the 1%. If you haven’t gotten yourself a pen pal yet, what are you waiting for? It’s lonely at the top. Choose a pen pal and help a banker feel just a little closer to the rest of us!

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  • please change Wells Fargo corporate priorities | 0  

    To: Susan E Engel, Wells Fargo
    Because:
Wells Fargo

    Federal taxpayer bailout funds received: $36.9 billion
    Profits for the years 1996-2010: $101.8 billion
    Profits since bailout (2009-2010): $24.6 billion
    Bank account fees in 2010: $4.9 billion
    Credit card fee income for 2010: $3.7 billion
    Wells Fargo bank teller wage: $10.63/hour ($22,100/year)
    2010 CEO John Stumpf stock bonus: $12.3 million
    2010 bonuses and compensation: $27.2 billion
    Bonuses and compensation for top 5 execs last 10 years: $345.5 million
    Offshore subsidiaries in tax havens: $77
    Political contributions in 2008 & 2010 federal elections: $7.0 million
    Lobbying since bailout (2009-2010): $9.7 million
    Total Lobbying Expenses (2008-2010): 11.04 billion
    Total Federal Income Taxes paid (2008-2010): -$681 million

    Ed Miller
    12209

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