Remember the glorious halcyon days of community banking and President Obama's reinvigorated Community Reinvestment Act?  Didn't do much for the inner cities – mostly, it lined the pockets of President Obama's campaign political hipster allies.  Sure, the SEIU railed against "Wall Street Banksters."  But what was going on was that bankers took on a social justice warrior armoring, got President Obama's imprimatur to get greedy through embracing his lend-to-the-inner-city-or-else rules, and cried all the way to the bank, reaping bigger profits than ever. Today's news is that Wells Fargo has managed to "claw back" $75 million in ill gotten gains from some of these social justice warriors. The federal meddling also seems to have opened the spigot for a massive amount of other corruption.  Wells Fargo, which has been engulfed in a scandal over bankers padding their commissions by opening unauthorized...(Read Full Post)