Great moments in government regulation, 1,000s of low-level bank employees have been fired due to new FDIC rules

Professor Mark Perry at Carpe Diem links to this article at USA Today:

68-year-old Vietnam veteran is still too risky for Wells Fargo Home Mortgage, in Des Moines, Iowa, which fired him on July 12 from his $29,795-a-year job as a customer service representative.
 

Egger's crime? Putting a cardboard cutout of a dime in a washing machine in nearby Carlisle, Iowa, on Feb. 2, 1963.

The tougher standards are meant to weed out executives and mid-level bank employees guilty of transactional crimes, like identity fraud or mortgage fraud, but they are being applied across-the-board thanks to $1 million a day fines for noncompliance.

My previous post about his story:  Wells Fargo Fires Iowa Worker for Minor 1963 Crime