Then pound appound again. You will hear the meeting discussion but yo you will be md ied listening mode only. Call from quiet location and turndown your television and radio use or submit by email to marrtotothe committee. Please note this meeting is recorded will be available at sfgovtv. Org. Would you like me to call roll . Yes, please call the roll. roll call . All are present. We have a quorum. Welcome everyone to day one of our city, our home oversight committee. We will move to item 2. Do we have any Public Comment at this time . Members of the public who wish to comment should call 4156550001 access code 1460283650 and pound and pound. If you havent done so please dial star three to speak. A system prompt will indicate you have raised your hand. Wait until you have been unmuted. You have three minutes. Checking the list now. There are no callers. Thank you. We will move to item 3. Approval, with possible modification of the minutes of the october 20 meeting. Is there a motion to
The Committee Meets a diversity of testimony in the department of defense here, 2021. The budget request, we welcome our witnesses and thank you for their service in both doctor mark esper, and general mark. We have a pair of marks, this morning. This Committee Top priority is ensuring the effectiveness towards the National Defense strategy which is both what we have been adhering to for the long period of time now, but three years. Unfortunately in the last administration we asked irma terry to do more with less. That got us into trouble between 2012, 2017, we lost 150 billion to seek frustration. Our Defense Budget in the readiness of our forces were devastating. I think we all understand, that as a result, when President Trump came to office, he inherited American Military in crisis, thankfully, he delivered on his promise to begin rebuilding the u. S. Armed forces. Last, year President Trump and negotiated the highest level of defense spending ever. A down payment towards getting o
[inaudible conversations] this committee will come to order. Without objection the chairs authorized to declare a recess at any time to be entitled Holding Wells Fargo Accountable the bank that broke americas trust i recognize myself for four minutes to give an Opening Statement. Today wells fargo ceo will testify before the committee about how he plans to and wells fargo egregious pattern of consumer abuses. We invited him to testify before this committee the last three and half years. We will note each time a ceo has testified before this committee he has resigned they are soon after. [laughter] you are taking on a massive challenge i certainly wish you luck it is clear to this committee that the bank you inherited is a lawless organization has caused widespread harm to millions of consumers throughout theor nation. Ells fargo has opened three. 5 million fraudulent accounts in their customers names which cause consumers over 6 million charged consumers for automobile insurance polici
President s budget requests for the pentagon. They were also asked about military matters asian efforts and defense funds being diverted for border wall construction. The Committee Meets a diversity of testimony in the department of defense here, 2021. The budget request, we welcome our witnesses and thank you for their service in both doctor mark esper, and general mark. We have a pair of marks, this morning. This Committee Top priority is ensuring the effectiveness towards the National Defense strategy which is both what we have been adhering to for the long period of time now, but three years. Unfortunately in the last administration we asked irma terry to do more with less. That got us into trouble between 2012, 2017, we lost 150 billion to seek frustration. Our Defense Budget in the readiness of our forces were devastating. I think we all understand, that as a result, when President Trump came to office, he inherited American Military in crisis, thankfully, he delivered on his pro
Thank you for your patience. Without objection, this hearing is entitled holding wells fargo. Agree just pattern of consumer abuses. I recognize myself for four minutes to give an Opening Statement. Today, we receive testimony from Miss Elizabeth duke, and mr. James quigley, who until later this week served as chair of the board of directors of wells forego and company, and Wells Fargo Bank respectively. Both have resigned after a call for the resignations. Following the release of a scathing majority staff report on walls far goes compliance failures, and their individual failures as Board Members. The resignations dont absolve meant them of their failures. Directors at wells fargo and institutions across the country must understand that they are the last line of defense when it comes to protecting their companies shareholders, employees, customers. While missed duke and quickly state they resigned to avoid distraction and quote let me be clear, this is not a distraction. We are exami