Showing posts with label potential criminal prosection. Show all posts
Showing posts with label potential criminal prosection. Show all posts

Thursday, September 29, 2016

Lawmakers to Wells Fargo CEO: ‘Why shouldn’t you be in jail?’; Washington Post, 9/29/16

Renae Merle, Washington Post; Lawmakers to Wells Fargo CEO: ‘Why shouldn’t you be in jail?’ :
"Some members peppered Stumpf with questions about whether he should be criminally prosecuted.
“Why shouldn’t you be in jail?” asked Rep. Michael E. Capuano (D-Mass.) “When prosecutors get hold of you, you are going to have a lot of fun.” “Do you think what you did was criminal?” Rep. David Scott (D-Ga.) asked. Stumpf responded that he had led the bank with “courage,” but was interrupted again...
“We have a culture based on ethics, and doing what’s right,” Stumpf said to the committee. “I stand with the people who are doing the right thing.”
Several lawmakers noted that despite Stumpf's emphasis on ethics, the bank has been hit with various fines over the past decade, including some linked to the housing crash."