Jobs

Man Fired from Wells Fargo for Minor 50-Year-Old Crime Offered Job Back

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Back in July, 68-year-old Richard Eggers from Des Moines, Iowa was fired from his job at a Wells Fargo call center for putting a cardboard dime in a washing machine in 1963.

Since the initiation of new federal banking regulations in May 2011 thousands of employees like Eggers have been fired for minor infractions. The regulations forbid financial institutions from employing anyone convicted of a crime involving dishonesty, breaches of trust, or money laundering. Said guidelines are designed to protect consumers from executives and higher-level bank employees guilty of transactional crimes. However, as they carry noncompliance fines that can total millions of dollars, they are increasingly been used to terminate employment at all levels in order for companies to protect themselves.

Richard Eggers has since received a waiver from the Federal Deposit Insurance Corp (FDIC) and was subsequently offered his old job back on October 12. Eggers said he wouldn't accept the job offer unless Wells Fargo changes its company policy towards background checks.

Sen. Charles Grassley (R-Iowa), commenting on the firing, said in a statement 

By all accounts his firing made zero sense. However, the regulations that led to his firing are still in place. Many other bank employees around the country are in the same situation. The FDIC still needs to answer for the regulations that are leading to the firing of employees who don't pose any risk to financial consumers.

On granting Egger his waiver request the FDIC noted that, in the 49 years since his arrest for fraudulently operating a coin-operated machine with a cardboard dime, he had demonstrated "satisfactory evidence of rehabilitation."

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  1. Wow thats messed up man. America is a JOKE.
    http://www.io-anon.tk

    1. No, Anon O’Bot jokes have funny punch lines.

      The track we are on is funny in a Cohen brothers/Fargo kind of way. Funny, but sad at the same time.

      1. It’s the Coen brothers. /nitpick

        1. It’s actual the Conan brothers. Everyone gets that wrong.

    2. We know we have a long way to go to the singularity if the bot can’t even get a “First!” in there.

      1. Anonbot is one of the more fascinating creatures in modern society. Most bots would have received the honorary “Mary Stack BANHAMMER” by now, but not Anonbot.

        I think it is partially because Anonbot occasionally says something that, while vague, seems apropos to the topic at hand. Gentlemen, we are the first humans to come into contact with an artificial being that has achieved sentience. The end is nigh.

        1. “Gentlemen, we are the first humans to come into contact with an artificial being that has achieved sentience.”
          Alan Turing would disagree.

    3. Hey, a guy putting a cardboard dime in a washing machine is no different morally from a guy swapping a trillion dollars in US Treasury bonds for a bunch of mortgage backed securities that add up to trillion in face values, but for which no one was offering up even that cardboard dime.

      It’s just a matter of degree.

  2. It is absolutely astonishing how many people don’t have clean background checks, especially young people. We see an amazing number of applicants these days who have some kind of minor ding on their record.

    HR people being who they are, their instinct is to bounce any application that isn’t sparkly clean. Personally, I don’t give a crap if receptionist got a DUI five years ago as a 22 year old.

    What this combination of background check requirements and the three-felonies-a-day police state is creating is an enormous number of people who are read out of getting good jobs in a lot of industries.

    1. Applying to “human resources” departments is a retarded way to expect a job anyway.

      1. I’ve never worked for an organization that didn’t run all hires through HR.

        1. They’re out there. I’ve had bad results with anything requiring an application.

          1. HR departments are useless.

            Utterly useless.

            1. HR departments are useless.

              Utterly useless.

              +1 HVP test.

        2. In all of them that I’ve worked for (except the feds), the run through HR was a mere formality. You got hired by the person that runs the department, and HR just did the paperwork.

          1. That’s the way to do it. But what industry is that? The only time I’ve experienced that is with small companies. With everybody else you had to make the run through the HR gauntlet first.

      2. You mean sending an application to Human Resources, or applying to work in Human Resources?

        1. They might as well be the same thing.

    2. HR people being who they are, their instinct is to bounce any application that isn’t sparkly clean. Personally, I don’t give a crap if receptionist got a DUI five years ago as a 22 year old.

      I know someone who just got dinged on a DUI. Blew like a .085 or .09 after having a glass of wine with friends after dinner.

      Unfortunately she’s a speed demon and just moved to the Southwest. I sort of felt half responsible that I didn’t warn her that the entire Southwest was one big speed trap. She didn’t know any better.

      1. One glass and she blows .085 or .090?

        She must be all of 93 pounds or so.

        1. I may be incorrect about the one glass. She is small, ie short. I wanna say she may squeak to 5′. But she may have had two. As I recall the story, compared to what I consider a good night of drinking, I would consider what she drank ‘warming up’.

      2. Good advice from an old friend: never commit more than one crime at the same time. If you are going to drink and drive, then don’t speed. If you are going to blow up a federal building, don’t try to get away in a car with no license plates. Etc.

        1. Truer words never spoken.

          1. A friend told me he remembered my advice vividly, right after getting busted for speeding with a trunk full of pot.

    3. HR people being who they are, their instinct is to bounce any application that isn’t sparkly clean.

      Fixed it for you. Seriously, most HR departments think their role is to prevent hirings.

      1. This in a nitro-burning funny car.

        We tried to hire for a position for months, and never saw an application. Then we found out that if the applicant failed to pass this bullshit Astrology Test the HR department had all applicants take, the application would never come through.

        Fuck HR departments. They’re another pillar of corporatism that I despise with every fiber of my being.

      2. I once applied for a job at a major defense contractor. I never got a callback, even though I was very much qualified for the position. Six months later, I get a voice mail saying “This is Obnoxious High-Pitched HR Lady from Major Defense Contractor. We found your resume on Monster and we have this position that we think you would be qualified for…”.

        So they rejected my application and later, when they apparently couldn’t find anyone “qualified”, resorted to Monster. Where they found my resume. The exact same one sent to them six months earlier.

        Also, how good of a job could it be if it can sit vacant for six months?


        1. Also, how good of a job could it be if it can sit vacant for six months?

          It’s entirely possible the job sat vacant for six months because of the utter, bone-shattering incompetence of the [obnoxious high-pitched hr ladies] who worked at the HR department.

          Never has so much productivity been thwarted by so few.

        2. I’ve been beggging our HR people to find me someone to fill an open position and have gotten nothing from them.

          After I went down and yelled at them a bit, they came back and were giddy because they had found the perfect candidate.

          Turns out Mr. Perfect was someone I had fired a couple years ago because he was not only a huge flake, but lazy and arrogant too. His resume had an entry showing that he had worked at the previous company for 4 months. HR new I ran the IT shop at that company, yet they still thought he would be a good fit.

          They were miffed when I wouldn’t even meet him for an interview.

      3. I like HR departments personally. If I can get a first interview with an HR rep, I’m usually golden for a second interview. HR is largely female dominated, I’m a reasonably attractive young 30 with some charisma and confidence. I pass through the HR gatekeepers with relative ease.

        My problem is that I display too many human characteristics for the drones in the finance department in the second interview.

        1. If I can get a first interview with an HR rep

          This is the crux of the HR problem. They routinely trash resumes that are qualified for the position. HR should not be in charge of weeding out resumes, especially in technical fields.

          1. The only thing HR should do is answer questions about my benefits. After that, they need to sit down, put their hands between their knees and speak only when spoken to.

            The fact that some biddy can weed out resumes for an enterprise system admin is categorically insane. And yet there they sit, throwing resumes away because “nope, not qualified”, when the woman throwing the resume’s away can’t even operate Word without getting herself wrapped up in her own damned underwear.

            Can you tell that HR pisses me off?

            1. Shit, so the corporate world really is like Dilbert?

              I’d rather stay in my ivory tower, because it’s ivory and a tower.

              1. Look, the corporate world isn’t as daunting as Paul. makes it out to be. Like I said, look at me. As long as you share multiple common traits with Ted Bundy, you’ll excel in the corporate world. 😉

                1. So, necrophilia is the key to success. Got it.

                2. Look, the corporate world isn’t as daunting as Paul.

                  Daunting is the wrong word. I’m thinking, functionally retarded? Yeah.

                  Oh, yeah, and all your looks and charm mean exactly… carry the one… zero in my organization. Because before you set foot on the premesis, you will be sent a thing called the HVP (favorite astrology test of HR departments everywhere). If you don’t answer the questions right (the test says there are no wrong answers at the top– how’s that for retarded) you won’t be allowed to meet with any of these HR biddies shuffling around in their pantsuits. So your charms fall flat.

        2. You do that double-finger point thing, don’t you? Gets ’em every time.

    4. I have a good friend who is high up in the IT department for a major bank. One of his major complaints is that because of how strict that their background checks are, he can almost never directly hire people he wants.

      He has a fantastic DBA who has to be hired as a vendor because of a shop lifting charge when he was 19 (20+ years ago). Their development team is almost completely outsourced because it is easier to hire a vendor and let them assume liability than to build it internally.

    5. Hey, in California when they ask you about your past arrests on the application, they say “except for drug related arrests”. If they didn’t leave them out, the applicant pool would be way too thin.

    6. People casually talk about hating lawyers, citing the money made, the ridiculous litigation, convoluted laws. But the greatest evil foisted upon this once great nation by attorneys is the Human Resources department. Prior to nonstop employment law litigation and various types of regulation, the same function was handled by a little old lady named Personnel.

  3. Those electrical conduit junction box punch outs used to work pretty good for unlimited pinball games.

  4. The regulations forbid financial institutions from employing anyone convicted of a crime involving dishonesty, breaches of trust, or money laundering

    So no politician can move into the financial industry? Hmmm? Are we really going to stick to that? Because I’m actually liking this rule.

    1. They don’t have to move into anything. They have their cronies in place everywhere that there is big money to be thrown around.

    2. Board of directors at Goldman Sachs does not apply.

  5. I am fully sympathetic with him, except for his demand WF change the HR policy. How can they do that without going into a completely different line of business? The government needs to change its stupid policy.

    1. We need to change our stupid government. Otherwise, it stays the same and gets worse.

      1. Didn’t Jefferson say that?

  6. Wait… Wait, hold on, wait.

    Wait…You mean that regulations have unforeseen consequences that have negative effects! Who knew! Well at least we will learn from this and change policies accordingly…. or not.

    IMO, Dodd-Frank should be at least as high on the must-repeal list as the ACA.

    1. + NDAA + Patriot Act + FATCA

      We have lots of repealing to do and they just keep piling on so fast that it is hard to keep up with it.

      1. You can thank, at least in part, Scott Brown for the above.

        1. Think Martha Coakley wouldn’t have been worse?

    2. According to Paul Krugman, unforseen consequences are the price of doing great things.

  7. Egger’s crime is not realizing that only the Federal Reserve is allowed to counterfeit money.

  8. We live in a police state. The government is completely out of the control of the people and totally in control of establishment politicians and their cronies. It is time for a full revolt against these pigs. When you live in a society in which there is no forgiveness for a 50 year old crime of ripping off a washing machine for 10 cents, then it is all over.

    This is supposed to be the freest country on earth. Is there any other countries on earth that have such draconian policies as this? Yes, I understand that some countries execute you for theft of whatever, but WTF, if you are going to make a guy an umemployable social pariah, thereby ruining his life forever with no chance of redemption, wouldn’t execution by contrast acually be more compassionate? Fuck these statist bastards, I relish the day when they are all hanging from lamp posts even if it takes a complete breakdown of the economy to make it happen. And at the pace they are spending it is inevitable.

    1. That day is a coming.

    2. Since the initiation of new federal banking regulations in May 2011 thousands of employees like Eggers have been fired for minor infractions.

      Remember, all this started because a bunch of morons borrowed more money than they could afford to pay back.

      But PREDATORY LENDING and HOMEOWNERSHIP IS THE AMERICAN DREAM!!!

      Those deadbeats deserve to swing from the gallows as well.

  9. Richard Eggers has since received a waiver from the Federal Deposit Insurance Corp…

    SOFT. ON. CRIME.

    Also, what’s the world coming to when regulations can be employed or discarded on a whim?

    1. What the hell, even if this depraved criminal gets off on this, we can always get him on a list somewhere.

      NEED MOAR LISTS!

  10. If those fucking morons in Congress were held to this level of scrutiny, there would be an awful lot of “not present” votes cast.

    1. But they aren’t, and therein lies the entire problem. 2 sets of rules, one for them, other for the rest of us. And why not? They must figure that we like what they are doing, we keep voting them back in.

      1. It amazes me that the people who scream “BANKSTERS!” put their faith in politicians. Politicians!

  11. The crime was in 1963. Why the ex post facto punishment?

  12. I must say, though: a cardboard dime…?

  13. Foreseeable consequences are not unintended

    1. Also, whatchya wanna bet that this assinine regulation only applies to Little People like Eggers? Think a VP or CIO or some such Muckety Muck would be instantly fired with extreme prejudice? Or would there be a thorough investigation wherein said Muckety Muck gets to stay in his or her job until the FDIC says shit ain’t that bad.

  14. So how many executives and higher level bank employees have been fired?

  15. R C Dean| 10.31.12 @ 5:13PM |#
    “HR people being who they are, their instinct is to bounce any application that isn’t sparkly clean. Personally, I don’t give a crap if receptionist got a DUI five years ago as a 22 year old.”

    While HR is nothing other than a cost-control center in any business, can’t blame them in this case. They had no choice other than to pay the fines.

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