'Prelude to stealing America's wealth': Comments of the week

On an argument that increasing the minimum wage could help bank tellers, who have largely been on the sidelines of the policy fight up to this point:

"'Noticeably absent from this group, however, are bank tellers.' That is because most tellers are intelligent and can do math. They know that if everyone makes $15/hr the cost of goods will rise accordingly but in the meantime many good jobs will be replaced by computers because the cost to employ people has become unsustainable."

Related: How increasing the minimum wage helps women in banking

On news that Wells Fargo is reentering the private-label securities market for mortgages for the first time since the crisis:

"Here we go again. Prelude to stealing America's wealth."

Related: Wells planning its first post-crisis private-label mortgage bond

On an argument that policymakers need to do more to regulate in banker pay:

"The rather obvious point is that congress (and by extension the regulators) are the captives of Wall Street. In the meantime bankers on Main Street have spent countless hours wading through regulatory directives and talking to directors and examiners about an issue that rarely if ever had anything at all to do with them. Great example of using a regulatory shotgun after you have carefully removed the bull's-eye from the target"

Related: Washington keeps failing to rein in banker pay