Jester,

I think one part of the problem is that some people don't ever see that stuff, or see it but don't understand it, or understand it and don't care (enlightened self-interest.) Besides, beating up on the poor Wells Fargo CEO in congressionl hearings for personally banking $200 million in compensation by promoting illegal activities by the bottom level employees is much better 'theater.' Although I would find it gratifying for Yellen to be called to testify and tasering her every time she told a lie.

Yeah, that Wells Fargo drama. It's beyond ridiculous that the exec in charge is walking away with $100M+ and Wells Fargo (backed by Warren Buffet...) basically said, "We're not doing anything about it. It's up to the Board. We'll let you know how that goes, kthxbye." So they're responsible for culture and performance to be getting 9 figure sums, but not responsible enough to actually know what's going on in their department? Give me a break.

Have you seen the show Braindead on CBS? It just finished airing season 1, and that's very funny. Space bugs have infected the brains of politicians in DC and the show has good fun with that. As they said about one character, "He's infected too?", "No, he actually thinks he's doing a good job."

Re the Fed, since their forecasting is always off by being too optimistic, there's a constant Fed Put in play in that they will always be more dovish than they say, which is already like a huge flock of doves, because they will always have to do more to try and meet their goals. And that's the meth the market is hooked on. Sure, it'll probably kill everyone later, but that's always the next guys or gals problem, right? And just like addicts in real life can't focus on anything other than getting their next hit, the market doesn't care about low growth or earnings or valuations. Where and when is the next hit? That's all. I so very rarely agree with Trump, but he's right that Yellen and co should be ashamed.

Buffett is always pretending to be the non-activist investor, but I think that he can exert much power behind the scenes (assuming he does not do this already, this certainly warrants it).  With 10% of WFC float, he certainly could directly lobby BoD members without it being public.  

As a major shareholder, it is his responsibility to do so. If he is not, then he is implicitly agreeing with the rotten WFC culture.

Buffett has said he won't comment about the Wells Fargo issues until after the election. No doubt due to his conflicts of interest, that he supports Wells (while rumors now run about how they fired whistleblowers trying to stop the fraud), and also supports Hillary, and she is grandstanding about Wells for the usual faux outrage for the publics benefit. It's a weak excuse to stay silent.

So they are only off by 1 or 2, isn't that close?  ;)  #WhyUnitsMatter