Wells Fargo So Going To Hell...

Wells Fargo is attracting criticism for breaking ranks with other big banks and refusing to waive credit card fees on customer donations made to Haiti. But their defense only makes them look even sh*ttier:

"Michael Klosterman, a spokesman for Wells Fargo, defended the bank's response to the Haiti disaster, saying the money it donated to Haiti more than makes up for their transaction fees."

That logic would be OK except that Wells Fargo only donated a miserable $350,000 to Haiti themselves. I think they could have easily dug a little deeper considering their "net income almost doubled to $3.24 billion" last year.

For a last word on the ethical standards and generosity of Wells Fargo, I'll leave it to Gretchen Wieners commenting at Gawker:

"I'm a public interest attorney doing a two year fellowship in one of the poorest parts of the country. One of my clients, a terminal brain cancer patient, was threatened with foreclosure after he fell behind on his mortgage payments by $400. When I called Wells Fargo to talk about negotiating a repayment plan for the $400, they refused, and said his cancer really wasn't their problem."

Freemarket capitalism might still be the greatest socio-economic system ever devised. But that's not to say most of it's big actors don't have special places in hell all warmed up and waiting for them.