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They've built a case for one of the most corrupt, aggressive, illegal and soulless business currently in existence. First they had the illegal foreclosure scandal back in 2012 and now the current scandal of illegally opening accounts. Their CEO and leadership are a bunch of crooks. I hope they're prosecuted and serve time. Nice to see them get grilled in front of the Senate. The beat down Senator Warren put on the CEO was epic.
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Elizabeth Warren's epic takedown of Wells Fargo CEO over fake accounts - Sep. 20, 2016
5,300 Wells Fargo employees fired over 2 million phony accounts - Sep. 8, 2016
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"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.
Warren's diatribe was the most forceful condemnation yet of Wells Fargo (WFC) over the millions of fake accounts that the bank created over several years and 5,300 employees that were fired over several years.
Elizabeth Warren's epic takedown of Wells Fargo CEO over fake accounts - Sep. 20, 2016
5,300 Wells Fargo employees fired over 2 million phony accounts - Sep. 8, 2016