Don't bank at Wachovia

This is an article from the NYTimes about how Wachovia Bank knew that some of its clients were defrauding their customers, but continued to honor their checks, because -- in the end -- they made more money that way.

What kills me about these stories is that Wachovia -- publicly -- lies and presents a peachy, 'we value our customers' image to the world -- like every other fuzzy-warm corporate PR campaign -- while the reality (as seen in the messages revealed in here) is that they barely gave those people more than a second's thought in the pursuit of $$ $$ $$.

'Scandals' like this may be commonplace, but I am fucking tired of being told one thing by the smug and 'respectable' officials of these outfits (example: Enron) and discovering the twisted truth later when outside investigators step in, with the damage already done.

In a world of deception where the bottom line is the dollar, no one will be happy.

http://www.nytimes.com/2008/02/06/business/06wachovia.html?_r=1&scp=2&sq=wachovia&st=nyt&oref=slogin