As Wells Fargo Faces Senate Panel, Elizabeth Warren Calls for Criminal Charges

[Sun Devil 92]

Wells Fargo CEO grilled in Senate for bank's 'toxic culture'
Someone is a champion of the real people.
Now tells us, you teabaggers, about her claiming her Native American heritage.
But don't comment on the scumbag CEO and those under him and their actions.

"The sham accounting has so far cost the San Francisco-based bank a record $185 million in fines from California and federal regulators, who said the bank fraudulently opened millions of accounts over at least a five-year period in order to meet aggressive sales targets and maintain artificially high levels of its financial products.

The Senate hearing came amid news that some of the politicians questioning the CEO have received donations from the bank and from Stumpf himself. CNBC reported that Wells Fargo made donations to 20 of the 22 members of the Senate Committee on Banking, Housing, and Urban Affairs — including ranking Democrat Sherrod Brown and Republican Chairman Richard Shelby. Warren is one of the only panel members not to have accepted any contributions from the bank, nor from Stumpf personally."

More truth from Elizabeth Warren.
""You should resign," she bluntly told Wells Fargo CEO John Stumpf. "You should give back the money you took while this scam was going on and you should be criminally investigated by both the Department of Justice and the Securities and Exchange Commission," she said.

Do you work for a big bank? I do and I can say there is absolutely no fucking way he could have known about this.

Warren is an ignorant twat. The CEO of a bank would not be looking into small transactions and it would be tough to uncover. Yes the bank had a huge gap in it's controls, but calling the CEO a crook is beyond ignorant.

He was defrauded just the same he set sales quotas and these quotas were artificially met.


She says he set unrealistic sales expectations? How the fuck would she know! She never ran a damn thing.

And yes it is right to bring up her fraudulent activity to expose her hypocrisy!

How naïve can you be?

Of course he knew. This was an increase of accounts by customer from 3 to 8. He reported an astounding increase in accounts which inflated stock prices and his personal wealth. As CEO he never realized that the number of accounts was increasing but his number of customers wasn't? He never realized those added accounts were empty?

How would he know ?

I don't know that it really matters. Whatever happened to the buck stops here

Big difference between being a crook and being incompetent.

Lizzy Warren really is pretty unimpressive.

 

[Sun Devil 92]

did Warren have any children that lived??

She's a real woman ?

 

[Dont Taz Me Bro]

Big difference between being a crook and being incompetent.

Lizzy Warren really is pretty unimpressive.

Either way, Warren is correct. The man absolutely should resign and if he doesn't the Board of Directors should fire him. The massive amount of fraud engaged by Wells is unconscionable and it's going to be a long road to restoring trust in the company without a major house cleaning from the top down.

 

[Rustic]

Wells Fargo CEO grilled in Senate for bank's 'toxic culture'
Someone is a champion of the real people.
Now tells us, you teabaggers, about her claiming her Native American heritage.
But don't comment on the scumbag CEO and those under him and their actions.

"The sham accounting has so far cost the San Francisco-based bank a record $185 million in fines from California and federal regulators, who said the bank fraudulently opened millions of accounts over at least a five-year period in order to meet aggressive sales targets and maintain artificially high levels of its financial products.

The Senate hearing came amid news that some of the politicians questioning the CEO have received donations from the bank and from Stumpf himself. CNBC reported that Wells Fargo made donations to 20 of the 22 members of the Senate Committee on Banking, Housing, and Urban Affairs — including ranking Democrat Sherrod Brown and Republican Chairman Richard Shelby. Warren is one of the only panel members not to have accepted any contributions from the bank, nor from Stumpf personally."

More truth from Elizabeth Warren.
""You should resign," she bluntly told Wells Fargo CEO John Stumpf. "You should give back the money you took while this scam was going on and you should be criminally investigated by both the Department of Justice and the Securities and Exchange Commission," she said.

 

[Staidhup]

In America we have a justice system, people are presumed Innocent until proven guilty. She has proved nothing. Is he guilty of committing a crime, did he conspire to defraud, giver orders to those within the corporation to commit fraud? How can a CEO or President of a corporation be judged and held accountable for the actions of a rogue employee when presidents, governors, and mayors are not held accountable. By the very standard Warren is attempting to promote, should not every Governor, Mayor, Police Chief, and even the President of the United States be held accountable and forced to resign for the actions of those they purportedly oversee as well? They are not for the very fact that they did not give orders to those underneath them to perpetrate an alleged crime?
Liz Warren like most mainstream liberal politicians hate business, accomplished individuals, and those that have excelled within the very system that provides Liz Warren a salary and compensation package unavailable to the common tax payer. Would she be attacking Wells Fargo if in fact they were major contributors to the progressive liberal movement or is it a possibility that her political ambitions exceed the facade of being a champion of the people and this is just another vain attempt at gaining media attention?

 

[rightwinger]

Because it is his job to know the details of two million new accounts.
Why aren't there new customers, why haven't our account ballances increased?

So, you are a CEO ?

I'd do a better job than that fucking thief

Put your application in. I am sure you'll be considered.

But, since it is clear you are not one and have not been one, it's pretty funny to think you know what his job is.

I doubt if he knows what his job is

Fleecing customers and investors is not part of it

How would you know if he didn't....you certainly don't know it.

Plausible deniability as he reaps $100 million in stock incentives

 

[rightwinger]

In America we have a justice system, people are presumed Innocent until proven guilty. She has proved nothing. Is he guilty of committing a crime, did he conspire to defraud, giver orders to those within the corporation to commit fraud? How can a CEO or President of a corporation be judged and held accountable for the actions of a rogue employee when presidents, governors, and mayors are not held accountable. By the very standard Warren is attempting to promote, should not every Governor, Mayor, Police Chief, and even the President of the United States be held accountable and forced to resign for the actions of those they purportedly oversee as well? They are not for the very fact that they did not give orders to those underneath them to perpetrate an alleged crime?
Liz Warren like most mainstream liberal politicians hate business, accomplished individuals, and those that have excelled within the very system that provides Liz Warren a salary and compensation package unavailable to the common tax payer. Would she be attacking Wells Fargo if in fact they were major contributors to the progressive liberal movement or is it a possibility that her political ambitions exceed the facade of being a champion of the people and this is just another vain attempt at gaining media attention?

She is saying he should be tried for his role in the scandal

Subpoena company records, emails, directives. Interview employees to find out what they were told and by whom

Innocent until proven guilty does not mean you should not investigate

 

[Sun Devil 92]

In America we have a justice system, people are presumed Innocent until proven guilty. She has proved nothing. Is he guilty of committing a crime, did he conspire to defraud, giver orders to those within the corporation to commit fraud? How can a CEO or President of a corporation be judged and held accountable for the actions of a rogue employee when presidents, governors, and mayors are not held accountable. By the very standard Warren is attempting to promote, should not every Governor, Mayor, Police Chief, and even the President of the United States be held accountable and forced to resign for the actions of those they purportedly oversee as well? They are not for the very fact that they did not give orders to those underneath them to perpetrate an alleged crime?
Liz Warren like most mainstream liberal politicians hate business, accomplished individuals, and those that have excelled within the very system that provides Liz Warren a salary and compensation package unavailable to the common tax payer. Would she be attacking Wells Fargo if in fact they were major contributors to the progressive liberal movement or is it a possibility that her political ambitions exceed the facade of being a champion of the people and this is just another vain attempt at gaining media attention?

She is saying he should be tried for his role in the scandal

Subpoena company records, emails, directives. Interview employees to find out what they were told and by whom

Innocent until proven guilty does not mean you should not investigate

So, you are a CEO ?

I'd do a better job than that fucking thief

Put your application in. I am sure you'll be considered.

But, since it is clear you are not one and have not been one, it's pretty funny to think you know what his job is.

I doubt if he knows what his job is

Fleecing customers and investors is not part of it

How would you know if he didn't....you certainly don't know it.

Plausible deniability as he reaps $100 million in stock incentives

You know he receives 100 million in stock incentives ?

The board of directors should be removed if they are allowing that kind of compensation.

I am sure Lizzy will get on that one too.

 

[rightwinger]

In America we have a justice system, people are presumed Innocent until proven guilty. She has proved nothing. Is he guilty of committing a crime, did he conspire to defraud, giver orders to those within the corporation to commit fraud? How can a CEO or President of a corporation be judged and held accountable for the actions of a rogue employee when presidents, governors, and mayors are not held accountable. By the very standard Warren is attempting to promote, should not every Governor, Mayor, Police Chief, and even the President of the United States be held accountable and forced to resign for the actions of those they purportedly oversee as well? They are not for the very fact that they did not give orders to those underneath them to perpetrate an alleged crime?
Liz Warren like most mainstream liberal politicians hate business, accomplished individuals, and those that have excelled within the very system that provides Liz Warren a salary and compensation package unavailable to the common tax payer. Would she be attacking Wells Fargo if in fact they were major contributors to the progressive liberal movement or is it a possibility that her political ambitions exceed the facade of being a champion of the people and this is just another vain attempt at gaining media attention?

She is saying he should be tried for his role in the scandal

Subpoena company records, emails, directives. Interview employees to find out what they were told and by whom

Innocent until proven guilty does not mean you should not investigate

I'd do a better job than that fucking thief

Put your application in. I am sure you'll be considered.

But, since it is clear you are not one and have not been one, it's pretty funny to think you know what his job is.

I doubt if he knows what his job is

Fleecing customers and investors is not part of it

How would you know if he didn't....you certainly don't know it.

Plausible deniability as he reaps $100 million in stock incentives

You know he receives 100 million in stock incentives ?

The board of directors should be removed if they are allowing that kind of compensation.

I am sure Lizzy will get on that one too.

Sorry, I was wrong....it was not $100 million

Wells Fargo Banking Executive May Not Get $125 Million Afterall

 

[Sun Devil 92]

In America we have a justice system, people are presumed Innocent until proven guilty. She has proved nothing. Is he guilty of committing a crime, did he conspire to defraud, giver orders to those within the corporation to commit fraud? How can a CEO or President of a corporation be judged and held accountable for the actions of a rogue employee when presidents, governors, and mayors are not held accountable. By the very standard Warren is attempting to promote, should not every Governor, Mayor, Police Chief, and even the President of the United States be held accountable and forced to resign for the actions of those they purportedly oversee as well? They are not for the very fact that they did not give orders to those underneath them to perpetrate an alleged crime?
Liz Warren like most mainstream liberal politicians hate business, accomplished individuals, and those that have excelled within the very system that provides Liz Warren a salary and compensation package unavailable to the common tax payer. Would she be attacking Wells Fargo if in fact they were major contributors to the progressive liberal movement or is it a possibility that her political ambitions exceed the facade of being a champion of the people and this is just another vain attempt at gaining media attention?

She is saying he should be tried for his role in the scandal

Subpoena company records, emails, directives. Interview employees to find out what they were told and by whom

Innocent until proven guilty does not mean you should not investigate

Put your application in. I am sure you'll be considered.

But, since it is clear you are not one and have not been one, it's pretty funny to think you know what his job is.

I doubt if he knows what his job is

Fleecing customers and investors is not part of it

How would you know if he didn't....you certainly don't know it.

Plausible deniability as he reaps $100 million in stock incentives

You know he receives 100 million in stock incentives ?

The board of directors should be removed if they are allowing that kind of compensation.

I am sure Lizzy will get on that one too.

Sorry, I was wrong....it was not $100 million

Wells Fargo Banking Executive May Not Get $125 Million Afterall

Like I said...the board should be fired.

 

[GHook93]

Big difference between being a crook and being incompetent.

Lizzy Warren really is pretty unimpressive.

Either way, Warren is correct. The man absolutely should resign and if he doesn't the Board of Directors should fire him. The massive amount of fraud engaged by Wells is unconscionable and it's going to be a long road to restoring trust in the company without a major house cleaning from the top down.

Absolutely he should resign. If he didn't instill to his risk department to have controls in place to prevent or at least detect this type of activity he needs to go. The PR damage the company will take will be severe.

The sick part is when this ass resigns he will get millions in a severance package.

 

[NYcarbineer]

It sounded criminal to me.

 

[Rustic]

You are one of those dumb asses that just don't get it. Drop in front of "the donald" again.

Wells Fargo CEO grilled in Senate for bank's 'toxic culture'
Someone is a champion of the real people.
Now tells us, you teabaggers, about her claiming her Native American heritage.
But don't comment on the scumbag CEO and those under him and their actions.

"The sham accounting has so far cost the San Francisco-based bank a record $185 million in fines from California and federal regulators, who said the bank fraudulently opened millions of accounts over at least a five-year period in order to meet aggressive sales targets and maintain artificially high levels of its financial products.

The Senate hearing came amid news that some of the politicians questioning the CEO have received donations from the bank and from Stumpf himself. CNBC reported that Wells Fargo made donations to 20 of the 22 members of the Senate Committee on Banking, Housing, and Urban Affairs — including ranking Democrat Sherrod Brown and Republican Chairman Richard Shelby. Warren is one of the only panel members not to have accepted any contributions from the bank, nor from Stumpf personally."

More truth from Elizabeth Warren.
""You should resign," she bluntly told Wells Fargo CEO John Stumpf. "You should give back the money you took while this scam was going on and you should be criminally investigated by both the Department of Justice and the Securities and Exchange Commission," she said.

Sorry I'm a libertarian, but the hypocrisy of that fake fucking Indian Elizabeth Warrent should give anyone pause.... Lol

 

[GHook93]

It sounded criminal to me.

That's because you are an emotional mental midget. Negligent? Absolutely. Criminal? No way