Warren Says Wells Fargo's Stumpf Should Resign, Face Criminal Investigation
1–10 of 27 posts
Re: Warren Says Wells Fargo's Stumpf Should Resign, Face Criminal Investigation
#2Maybe... maaaaaaybe.. the former will happen. The latter? Never.
Re: Warren Says Wells Fargo's Stumpf Should Resign, Face Criminal Investigation
#3Lifecycle of a banking executive:
1. Commit fraud on a massive scale
2. Say "I accept responsibility" but fire subordinates
3. Ride off into the sunset with obscene personal wealth
Re: Warren Says Wells Fargo's Stumpf Should Resign, Face Criminal Investigation
#4That congressional hearing was by far the most toothless circus I've ever seen on CSPAN. They're all in the tank with the banking industry.
Re: Warren Says Wells Fargo's Stumpf Should Resign, Face Criminal Investigation
#5That congressional hearing was by far the most toothless circus I've ever seen on CSPAN. They're all in the tank with the banking industry.
Link please? From reading, it sounded like Elizabeth Warren spanked him.
And how can you not love Elizabeth Warren? <3
Re: Warren Says Wells Fargo's Stumpf Should Resign, Face Criminal Investigation
#6Lifecycle of a banking executive: 1. Commit fraud on a massive scale 2. Say "I accept responsibility" but fire subordinates 3. Ride off into the sunset with obscene personal wealth
Well, he said he will accept what the board says. If the board doesn't tell him to return his bonus, they should get sued by the shareholders.
Re: Warren Says Wells Fargo's Stumpf Should Resign, Face Criminal Investigation
#7Lifecycle of a banking executive: 1. Commit fraud on a massive scale 2. Say "I accept responsibility" but fire subordinates 3. Ride off into the sunset with obscene personal wealth
Well, he said he will accept what the board says. If the board doesn't tell him to return his bonus, they should get sued by the shareholders.
He's the chairman of the board most likely stuffed with hand-picked cronies for exactly this situation.
Re: Warren Says Wells Fargo's Stumpf Should Resign, Face Criminal Investigation
#8That congressional hearing was by far the most toothless circus I've ever seen on CSPAN. They're all in the tank with the banking industry.
Link please? From reading, it sounded like Elizabeth Warren spanked him. And how can you not love Elizabeth Warren? <3
Re: Warren Says Wells Fargo's Stumpf Should Resign, Face Criminal Investigation
#9This activity was quite costly to the bank and Stumpf didn't benefit from it. Banks aren't popular, but I don't want a world where you can go to jail for making a mistake or being bad at your job.
Re: Warren Says Wells Fargo's Stumpf Should Resign, Face Criminal Investigation
#10I'm confused. My impression is that Wells Fargo made de minimus profit on these practices and there's no evidence at all that Stumpf himself did anything illegal (creating shitty incentive programs is just stupid, not criminal). Maybe there should be a criminal investigation into Stumpf, but to call for resignations and bonuses to be returned is premature, no?