I just made an update to my Bitcoin/Wells-Fargo saga if anyone is interested:
https://bitcointalksearch.org/topic/hu-wells-fargo-acct-coinbase-issue-sscams-577378As I've probably outlined, I never had any unpleasant experiences with any of the workers on the floor. Even the guy I spoke to in their high-risk department (which seems to be just a handful people somewhere in their HQ offices) seemed decent.
Everyone in the local branch knows me and knows my story, but they pretty much avoid talking about 'the incident', and my one-time personal banker has been unavailable for a year now. Didn't help that she broke her hip and is working part-time now, but even before that she was remarkably busy whenever I wished to chat.
Recently I was chatting with a manager and ran the idea of using my account one more time for Circle since I consider it a throw-away account at this point. That was distinctly unwelcome. She said that they don't recommend their customers use Bitcoin. I LOL'd and said "of course!" I didn't have to say I've made a ton of money off it...everyone at the bank knew that.
I got interested in Bitcoin in the first place because it is my personal belief that Wikileaks is doing a great service to my country and wished to support them. There is nothing illegal about that, but the mainstream financial institutions were effectively making my political decisions for me. That pissed me off. Now there is nothing illegal about using Bitcoin but the same institutions are doing the same. Bitcoin is, to me, as much as anything about giving me control of my financial activities and more and more there is a very legitimate reason for that to be necessary in our 'free' society here in the 'free world.'
When I (or you) have money deposited in a bank account, the banks use it as 'high powered money' deposited at the central bank. This allows them create out of thin air many times the deposit to make loans to debt slaves. They then take interest on this much inflated amount of newly invented money. It's a great scam and it is why bankers are rich. I'm not inclined to do the banks the favor of loaning them the high-powered money they need to balance their books AND let them make my ethical and political decisions for me as well. They need us more than we need them as far as I'm concerned.
Probably the only individuals in the bank who understand banking in a comprehensive way are the managers, and even that is not a given. Very few of the tellers are going to really know or care about how banking really works. They are sheep just like their customers are. Just like in any industry, everyone making a living off it no matter what their understandings has at least fooled themselves into thinking they on balance are doing 'God's work' and doing society a favor. The medical profession is another great example of this. As with anything, there is some truth and some falsehood to such a belief. At the end of the day almost everyone working for Wells Fargo (and the local hospital and countless other such industries) are just sheep like the rest of us and they are individually exploited in the same ways as everyone else. The exceptions would be those in the very highest levels of management and they who actually own the institution in significant fractions.
- edit: slight. then last para