Thank you for your patience, without objection the chair is authorized to declare recess of the committee at any time. This hearing is entitled holding wells fargo accountable, examining the role of the board of directors in the banks egregious pattern of consumer abuses i now recognize myself for four minutes to give an Opening Statement. Today we receive testimony from ms. Elizabeth duke and mr. James quigley who until earlier this week served as chair of the board of directors of wells fargo and company and Wells Fargo Bank respectively. Both have resigned after our call for their resignations following the release of a scathing majority staff report on wells fargos compliance failures and their individual failures as Board Members. But their resignations do not absolve them of their failures. Directors at wells fargo and institutions across this country must understand that they are the last line of defense when it comes to protecting their companys shareholders, employees and cust
Cspan, your unfiltered view of government. Created by campell and 97 and brought to you today by your television provider. The former wells fargo executive testified themselves as the consumer abuses that led to the executives earnings. Members of the House Financial Services committee question the witnesses on their actions at wells fargo and why no one has been prosecuted for the consumer abuses. This is just over two and a half hours. Thank you. This hearing is entitled Holding Wells Fargo Accountable examining the roll of board of directors and that the greatest patterns of consumer abuses. Today, we received testimony from elisabeth and mr. James quigley who until earlier this weeks are as chair of the board of directors of wells fargo and companys Walls Fargo Bank respectively. Both have resigned as our call for the resignations following the release of us phasing majority statute on wells fargos compliance failures in their individual failures as Board Members. Resignations do n
Height. You could see from sky 7 and from the ground that there were quite a bit of active flames that the winds were really whipping this fire up and at some points we did see some structures burning. But again at this jus t the outbuildings that were burned. No homes damaged. Although it was a pretty scary time for the folks who live out here. Fire got about 100 yards from behind our house. While that was going on, i had a buddy with a hose trying to wet things down and another lady from the neighborhood was helping us evacuate our animals. We have five dogs, three cats and a pig. After that i grabbed my bobcat and 250 gallon propane tank and drove away from the fire. We had pretty good winds pushing the fire pretty quick into grassy areas and pushing it towards residential neighborhoods that we had to evacuate. Reporter and were back live here. Were showing you the number of rigs that are out here. Mutual aid was called for rather quickly because of the flames and smoke and the wind
So i do not support this motion. I think we have to act with urgency. I think it is high time we have an oversight body for a department that has ever expanding budget. Ironically, it was the mayor who didnt support prop c because she said there wasnt enough oversight over the department. So how all of us are not supporting this department right now is absolutely beyond me. So i would encourage all of my colleagues to not support the motion to delay this to march and to act with the urgency that our constituents demand and deserve. President yee supervisor mandelman . Supervisor mandelman thank you, president yee. I want to echo thanks to supervisor haney for the leadership youve provided on a number of issues, and particularly on the sea wall Navigation Center. I think that was a courageous act and the leadership that you provided there is something i think everyone in city hall should be grateful for. I would be grateful for more time on this, this commission. And although again with
I know that i mentioned this to you before and im very happy that youre looking at some of the solutions. And in a way, youre addressing it. There is other issues that i would have enjoyed bringing to the attention to make amendments to it, but i realize and this is my fault i cant really make amendments at this point, because of the our dates. So, im kind of glad the mayor and the stakeholders have reached some key agreements of both to both continue to discuss the need of the critical changes for more responsive department as well as some immediate policy changes to improve the quality of peoples lives right now. Not after november and beyond. Such as a change in the definition of homeless mothers. In support of that discussion, i really well, id like to make a motion to amend the date to march 3, 2020. This will provide us with the breathing room to get everyone to the table and develop a way forward. It accomplishes the objective that we all shared to make our citys work to end hom