HERE ARE THE FACTS AS I SEE THEM!

I heard a shocking statement today as I came home from taking the kiddies to school, that completely enraged me. I truly need to vent the facts. Apparently the Associated Press made a misleading comment regarding Wells Fargo and their "Junkets." This years' junket in Las Vegas is cancelled because of pressure on the bank that it was mis-using the 25 Billion dollars it received from the government." I thought I would use this blog to enlighten any of you who are questioning the government these days....and lets just say, "if you are not, you should be!!!" (i must say, that Tim does not approve this message, nor does he even know that i blogged it. although, he may share some of the same opinions, they are completely MY OWN!)

Fact number 1: The "Junket" in question is actually called a RECOGNITION EVENT! to RECOGNIZE those workers in the banks (BRANCH LEVEL AND UP) who achieve excellence and surpass their fellow employees in performance numbers. Its not Just for anyone and last time I looked there weren't too many CEO's working inside the branches of the banks. Yes, the CEO's do attend and they are outside the buses waiting and screaming "way to go!" they shake each attendees hands and their spouses and tell them how greatful they are for their hard work and to the spouse, they recognize them for sharing that time away from their loved one. THEN ITS ON TO MEETINGS AND FUN! (MOSTLY FUN!) I know all about these, because Tim has earned trips based on his performance and we have gone to at least 5.

Fact number 2: WELLS FARGO was ranked one of the 10 safest banks recently and CEO Dick Kovacevich, was the first one to REFUSE, THAT IS RIGHT, REFUSE THE 25 BILLION DOLLARS, HE DID NOT WANT ANY PART OF THE GOVERNMENT'S BAIL OUT MONEY, THEY WERE JUST FINE AND HE CERTAINLY DIDN'T WANT THE GOVERNMENT TO HAVE PREFERRED STOCK IN WELLS FARGO....THAT MEANS THE GOV. CAN TELL THEM WHAT TO DO. AND THE LOVELY AND TALENTED TERRY PAULSON TOLD HIM HE HAD TO TAKE THE MONEY OR THEY WOULD MAKE THEIR LIVES MISERABLE.....YOU HAVE HEARD OF THIS ONE, ITS CALLED THE "OLD STRONG-ARM"

Fact number 3: REALLY WELL-DESERVED PEOPLE ARE GOING TO LOSE OUT ON THEIR WELL-EARNED RECOGNITION EVENT. ITS THE TRIP THAT KEEPS YOU MOTIVATED TO STAY IN THE GAME. THANKS TO CONGRESS, BUSH, TERRY PAULSON, AND NOW THE LOVELY current ADMINISTRATION with THE WONDERFUL CONGRESS THAT CAN'T PASS ANYTHING UNLESS IT HAS BILLIONS OF PORK IN THE BILL. THANKS FOR YANKING THE RUG OUT FROM UNDER GOOD, HARD WORKING PEOPLE!!!

FACT NUMBER 4: The government is loving this power over the banks and because it has NO CLUE ABOUT THE OPERATION OF A GOOD BANK, THEY HAVE LUMPED A GOOD BANK IN WITH ALL THE "INVESTMENT BANKS"

FACT NUMBER 5: NOW, Wells Fargo is having to pay back on a loan that they didn't want in the first place and HEAVEN FORBID THEY GET TO PAY IT OFF EARLY, THEY WILL INCURR PENALTIES IF THEY PAY OFF BEFORE 3 YEARS. (THANKS CONGRESS AND SECTRETARY PAULSON THANKS FOR NATIONALIZING BANKING..)

FACT NUMBER 6: as for mis-using funds for this recognition event, WELLS FARGO IS USING THE BAILOUT MONEY AKA STIMULUS MONEY TO HELP THOSE IN FORECLOSURES, ETC. NOT ONE RED CENT IS GOING FOR RECOGNITION EVENTS. RECOGNITION EVENTS ARE NOT NEW TO WELLS FARGO AND THEY CERTAINLY ARE NOT LIMITED TO CEO'S. SEE HOW THE GOVERNMENT IS SO EFFECTIVE RIGHT NOW! GOOD EMPLOYEES GETTIN' THE ARGIE POLE....AGAIN!
AND DON'T GET ME STARTED ON MISUSE OF FUNDS....HELLO! I WISH THAT CONGRESS WOULD HAVE THIS KIND OF ACCOUNTABILITY......FOR INSTANCE.." SORRY, GUYS YOU WILL HAVE TO WALK TO WORK, TAKE PUBLIC TRANSIT TO CONGRESS, UNTIL THE COUNTRY IS OUT OF DEBT, OR YOUR PAY WILL BE WITHHELD UNTIL YOU CAN BALANCE A BUDGET WITHOUT ADDING PORK! OR HOW ABOUT, IN LIGHT OF THE CURRENT EVENTS, YOU HAVE TO PAY YOUR TAXES IF YOU ARE A CONGRESSMAN OR CONGRESSWOMAN. (SORRY FOR THE RANT)

FACT NUMBER 7: I CAN'T WAIT UNTIL WELLS FARGO HAS PAID BACK EVERY CENT OF PREFERRED STOCK AND KICKS THE GOVERNMENT OUT OF THEIR BANK. THAT WILL BE A GREAT DAY INDEED! AND TRUST ME, I WILL BLOG ABOUT THAT DAY!

WHEW! I FEEL BETTER AND HOPEFULLY YOU ARE ENLIGHTENED!