Richard Craver

Liberation Day. Watershed moment. Pivotal milestone. Loosening of shackles. Back in the game. Outrageous giveaway. Release from regulatory jail.

Those are some of the reactions to the Federal Reserve's removal last week of the $1.97 trillion asset cap albatross around the corporate neck of Wells Fargo & Co.

“Now they can play without having one arm tied behind their backs," Bankrate.com analyst Greg McBride said.

"Imagine being put in the corner for bad behavior, only to see the rest of the class bust open a pinata and scoop up all the candy while you’re still in time out.”

Meanwhile, the issue at the root of the scandal — at least 3.53 million confirmed unauthorized customer checking and savings accounts, credit and debit cards beginning in 2009 and ending in October

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