We all saw how Wells Fargo CEO John Stumpf endured sharp questioning about his bank taking depositors' funds to secretly open new accounts and charge them fees. But what's the explanation for his bandaged hand? Well, I've got several possibilities.
It comes as no surprise to me that employees at Wells Fargo resorted to dishonesty in opening bogus accounts, just to keep their jobs. Why am I not surprised? Because in 2013, after six years of employment, my sister was about to lose her job at Wells Fargo due to sales goals.
The audience, when the debate actually happens, will be huge. Tremendous, in fact. Some (we won't say who) are even predicting it could be a bigger television event worldwide than the 1969 moon landing.
Wells Fargo CEO John Stumpf was on the hot seat Tuesday when he faced Senator Elizabeth Warren of Massachusetts and other angry lawmakers at a Senate Banking Committee hearing designed to investigate the bank's widespread rip-off of its customers.
Stumpf is about to testify before the Senate Banking Committee, thanks to a request from five Democratic senators. Here are seven concerns, and seven sets of questions, that should be posed to him -- either at Tuesday's hearing, or as part of a more rigorous investigation afterward.
We believe protest at the Bank of America meeting this year is not just normal -- it's the only response that makes sense. We don't want to protest Bank of America's shareholder meeting, but we have to, to protect our country from more unchecked corporate greed and abuse.
It is high time that Wells Fargo CEO John Stumpf address our communities and put his "hand in the wounds" of our families. It's time for him to see and feel the mental and financial toll experienced by the millions of homeowners.
In South Gate, CA, twenty minutes south of Los Angeles, dozens of supporters rallied around the home of Ana Casas Wilson, with several pledging to camp out in her front yard while she defies eviction, and face arrest if necessary.
We can't solve California's fiscal disaster without addressing the foreclosure crisis. It doesn't make sense to make severe cuts to state and local budgets only to allow Wall Street banks and their overpaid CEOs to drain billions more from our states.