Banks Are Scamming You! Elizabeth Warren’s epic takedown of Wells Fargo CEO.
Elizabeth Warren unleashed a verbal barrage at Wells Fargo CEO John Stumpf on Tuesday, calling the embattled bank boss “gutless” and demanding he step down.
“You should resign…You should be criminally investigated,” Warren told Stumpf during a fiery one-sided exchange at the Senate Banking Committee’s Wells Fargo hearing.
Warren, a vocal critic of big banks like Wells Fargo, demanded both the Department of Justice and SEC criminally investigate Stumpf for his “gutless leadership.” Last week, a U.S. official told CNN that the DOJ has issued subpoenas to Wells Fargo.
Stumpf’s personal holdings of Wells Fargo stock increased by more than $200 million while the fake accounts “scam” was going on, thanks in part to the bank’s success in selling tons of products to customers that they didn’t need and create accounts without their knowledge.
Are you awake yet?
Are you or someone you know thinking about buying a new or used car?
