By CCN: Warren Buffett sidekick Charlie Munger likened “bitcoin people” to the apostle who betrayed Jesus. Meanwhile, he views scandals set in motion by Wells Fargo executives as an ‘honest mistake.’ Berkshire Hathaway owns a stake in Wells Fargo. Wells Fargo SCAM was ‘Honest Mistake’ Wells Fargo started to gain the reputation of being a bad actor as one scandal after the next unfolded. It overcharged customers for mortgages and auto loans and originated and sold mortgage loans that included false information in the years leading up to the 2008 financial crisis. It was slapped with a $1 billion fine
The post Anti-Crypto Billionaire Munger Defends Bank Scandal as ‘Honest Mistake’ appeared first on CCN
* First published on ccn.com
