Sun Devil 92
Diamond Member
- Apr 2, 2015
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- Banned
- #121
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.