This was once considered the darling of financial institution equity investors. Even warren buffet thought this was a safe banking stock to touch with a small investment banking business free of the casino like environment that caused the crash. But i guess, all the bankers in the world have common characteristics - arrogance, deceitfuness and tendency to scam the public. Wells Fargo has now massively beefed up its securities business. I think a lot more bad news may keep coming from this one.