Wells Fargo Fires Employee for False Dime Crime in 1963
Scott Eells/Bloomberg via Getty Images(DES MOINES) — In 1963 a 19-year-old Richard Eggers committed a crime, putting a fake dime into a laundry machine in Carlisle, Iowa. Eggers was spotted by the local sheriff and was convicted of operating a c…
FDIC Seeks to End ‘Too Big to Fail’ Bailouts
STAN HONDA/AFP/Getty Images(WASHINGTON) — The U.S. government has launched a plan to deal with large failed companies that could touch off another Lehman-like disaster, hoping to prevent instability in the financial markets.The Federal Deposit Insuran…