In recent news, Wells Fargo Asset Management announced obtaining a minority stake in privately held hedge fund firm, The Rock Creek Group, based in Washington, D.
The stake provides Wells Fargo an opportunity to increase businesses in alternative investments solutions between Rock Creek and its clients, hoping to obtain additional ownership interests in the long-term.
If he is rejected, the message to future public servants will be clear -- never rock the boat, always go along with the majority, never stake out an independent position, never take a principled stand and above all, never annoy a powerful enemy.