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	Name:	PikeSki -
	Subject:	Bad things happen when . . .
	Date:	2/5/2009 1:01:20 PM

Government gets involved.

Perfect case and example. When the first round of Bail out money went out, they told Well Farge that they were giving them 25 billion of bail out money. Wells Fargo declined the offer saying "we are financially very stable, we never got involved in those risky loans and we are perfectly fine financially so we don't want this government money."

The government 'forced' them to take it anyway.

At the first opportunity they had, Wells Fargo started paying this money back to get out from under it, but the government wouldn't let them pay it all back and will only allow them to pay back according to their payment plan (which is spread out for years).

Move ahead 2 months. Wells Fargo holds 2 major annual events for their top sales and service performers. 1 event is for the top 120 sales people (which by the way brought in over 250 billion for wells fargo last year alone). The Sales conference was to be held in Las Vegas next week.

The other annual event is for the Service side of wells fargo which processes all of the loans. They give this to the top 10 service groups (out of hundereds) in the country. This years trip was to be a 3 day criuse to the bahamas.

My wife's group won the Service conference this year. However, thanks to the new rules and regs by Obama, both of these events have been officially cancelled by Wells Fargo because they didn't want to be seen in the public eye as spending the tax payers 25 Billion (that they didn't want to begin with).

So now, Las Vegas just lost a ton of revenue, and so did Carnival Cruise Lines (not to mention all of the shops and restaraunts) All other smaller Wells Fargo events around the country have also been cancelled as to not be percieved as "Spending the tax payers money".

So how much money is being lost by these stupid rules? A lot!

Thank you BO for taking my wifes reward for working so hard all year to be a top performer and having it cancelled.

I'm sure none of your Staff and/or senators, congressmen, or anyone else in your crooked little team will take any trips on other companies money this year either right! Whats good for the goose . . .

This is yours and the Senates rule. Now you should have to live by them as well.

bunch of &#@*