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The Clark Howard Podcast

Clark Howard 2.6.18

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.64.9K Ratings

🗓️ 6 February 2018

⏱️ 35 minutes

🧾️ Download transcript

Summary

Topics: Why you should stop banking with Wells Fargo (again); Lottery winner sues to remain anonymous; Bitcoin falling off a cliff Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Glad you're with us here on the Clark Howard Show where it's all about you and your wallet.

0:11.7

I want you to learn ideas to me so that you can keep more of what you make.

0:16.7

Clark.com is our main website and ClarkDeals.com where you go to save money all through the day.

0:26.2

Being a money, coming up in the Clark rage, you may have heard this ongoing saga about

0:35.0

a person who won a lottery prize of more than half a billion dollars and isn't going to

0:44.1

get it apparently because she won't reveal who she is and there's a lot to share with

0:50.9

you on that score.

0:53.7

And later every single day, every single day in our office center where you can get free

1:02.8

off the air advice, we get one call after another after another about Bitcoin and other

1:07.3

cryptocurrencies.

1:09.1

Our producer Kim, every single day has people wanting to go on the air talking about

1:14.8

Bitcoin and cryptocurrencies and I need to tell you what's going on with Bitcoin and its

1:22.2

competitors, what it means to you as a would be speculator.

1:27.8

Never ever, ever use the word investing with me when you're talking about any cryptocurrency

1:36.0

but more about that later.

1:39.6

It is time for something unusual we're starting today with a.

1:44.4

Ripple alerts, this is a Clark Howard rip off alert.

1:52.9

So Wells Fargo has just been hit with sanctions by the federal government, by the Federal Reserve

2:02.1

that are unprecedented as best I know in the history of modern banking.

2:10.6

Wells Fargo is a continuing criminal enterprise that pretends to be a bank has now had strict

2:17.4

sanctions put on it that will limit its growth moving forward.

2:23.1

It's a what's known as a collar where Wells Fargo because of continuing criminal behavior

...

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