Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Elizabeth Warren To Wells Fargo CEO: You Should Resign
Posted
September 21, 2016
Views
234,630
Likes
7,800
Comments
1,783
Engagement
4.08%
September 21, 2016
234,630
7,800
1,783
4.08%
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9:02Now PlayingWells Fargo committed massive fraud and blamed it on its lowest level employees. Senator Elizabeth Warren isn’t having it. Cenk Uygur, host of The Young Turks, breaks it down. Tell us what you think in the comment section below.
"Facing off with the CEO whose massive bank appropriated customers' information to create millions of bogus accounts, Sen. Elizabeth Warren, D-Mass., had sharp questions Tuesday for Wells Fargo CEO John Stumpf. She said Stumpf made millions of dollars in the "scam," telling him, "You should resign ... and you should be criminally investigated."
As we've reported before, Wells Fargo is paying $185 million in penalties for acts that date to at least to 2011. The firm says it fired some 5,300 employees who were found to have created false accounts as it sought to increase "cross-selling" — building the number of accounts each customer holds...
The exchanges between Warren and Stumpf were among the sharpest, but other senators also pressed the executive about what have become hot topics as public outrage has grown over the case. Here's some of what panel Chairman Sen. Richard Shelby, R-Ala., and others wanted to know:
Whether Stumpf regards the case as one of fraudWhether the bank will "claw back" any of the millions it has paid to former executive Carrie Tolstedt, who is retiring with nearly $125 million
How the bank will help customers whose credit ratings have been hurt by the fake accounts…”*
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Hosts: Cenk Uygur
Cast: Cenk Uygur
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. Young person who rebels against authority or societal expectations. (American Heritage Dictionary)
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