Elizabeth Warren: Here's how the Justice Department and SEC should criminally investigate Wells Farg

[Eugene]

Source: Business Insider

Elizabeth Warren: Here's how the Justice Department and SEC should criminally investigate Wells Fargo's CEO

Maxwell Tani and Bob Bryan
47m

Sen. Elizabeth Warren explained on Wednesday where the Department of Justice and the Securities and Exchange Commission should look to see if Wells Fargo CEO John Stumpf violated accountability laws.

During a joint press call with Pennsylvania Democratic Senate candidate Katie McGinty, Warren told Business Insider that an investigation could reveal Stumpf "not only crossed the line morally, he crossed a line criminally" — that is, if he knowingly misled investors about the strength of his company while thousands of employees were creating accounts without customers' knowledge to keep up with aggressive sales incentives.

Wells Fargo and Stumpf have recently come under fire for the bank's employees opening 2 million accounts between 2011 and 2015 without the knowledge of customers. In the Senate hearing on Tuesday, Stumpf said he became aware of the openings of the fake accounts in 2013, when lower-level executives brought it up to him.

During a fiery exchange in the hearing, Warren suggested that Stumpf had not only failed customers, but may have also violated laws.

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Read more: http://www.businessinsider.com/elizabeth-warren-wells-fargo-criminal-charges-john-stumpf-2016-9

[Farmgirl1961]

1. Elizabeth Warren

needs to carry the torch to take down Trump with all of his fraudulent activities.

[Thinkingabout]

2. He needs to answer for his intentional fraud, he could never pass the Clinton test.

[Farmgirl1961]

3. But who can hold his stinky little feet to the fire?

Elizabeth Warren goes after them all. I've read time and time again that if Trump was a "normal" candidate, he'd have been out of this race a long time ago. Everybody is kowtowing to him and his associates and letting him get away with all kinds of illegal activity. There has be practically no accountability. Where are the law makers? Are they ALL corrupted by Trump and the rethugs?

[Wellstone ruled]

4. Watch for info on this coming from

the largest single shareholder later in the week. Stumpf appears to be going on a Vacation sooner than he thought.

When the real story about how this has effected millions of people who have purchased homes in the last six or seven years,that have or had Well's accounts. If they got slammed,that in it self caused a blip on their Credit Scores causing a bump in their Mortgage Interest Rates. This is going to be in the Billions of hidden fees.