Sen. Elizabeth Warren Destroys Wells Fargo's CEO For Unauthorized Accounts "You Should Resign And Give Back The Money That You Took With This Scam!"

There are a lot of deplorable elements to the recent scandal at Wells Fargo. The accounts opened for 2 million bank customers who never asked for nor even knew about them, and the corresponding overdraft fees, late penalties, and damaged credit scores that resulted. There’s the intense pressure placed on low-level Wells Fargo retail employees to meet goals for “cross-selling” customers new accounts and products, which led thousands of those employees to open the phony accounts. There’s the fact that 5,300 of these employees, 90 percent of whom were paid hourly, were fired for succumbing to that pressure, while no top executives were fired or lost any bonus money. But it was the focus of Senator Elizabeth Warren’s robust questioning of Stumpf before the Senate Banking Committee. In an exchange that had already gone viral before the hearing ended, Warren put this question directly to the embattled CEO. Posted By Persist