The committee will come to order. The gentleman from texas, mr. Green, who is also the chair for subcommittee and oversight for investigations is recognized for five minutes. Thank you, madam chair. Madam chair, as a practitioner, i once represented a recipient of welfare who was charged with a crime because she made more money at a job and received some benefits from the federal government. She had to be prosecuted. A crime was alleged. If this bank, where its mu was smaller, had maybe ten employees, had engaged in this type of activity, opening fraudulent accounts, creating fraudulent credit cards, someone would be prosecuted. A small bank would have had prosecutions take place within the ranks of the person within the bank. Evidence shows that small banks have had persons prosecuted. But wells fargo created 1. 5 million fraudulent accounts. Wells fargo had over 500,000 credit cards created, fraudulently. Is it the case that if you become so big and you create such a grand scheme, th
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 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 your companys shareholders, employees and customers. And while ms. Duke mystically said said, there resigned to quote, avoid distractions that would be cleared and this is not a distraction, we are examining the conduct and the dereliction of duty. Over the pas
Invoking the defense production act in case we need it. It can do a lot of good things if we need it. Well have it all completed, signing it in just a little while of after im finished with this conference. Its prepared to go. Well be invoking the defense production act. Lou President Trump meeting with doctors and nurses at the white house. They committed to an increase in Safety Equipment including masks for healthcare workers. President trump american manufacturers are repurposing factories. One major manufacturer has doubled capacity and we asked Construction Companies to donate unused masks, and they have quite a few of them, the Construction Companies. Who would think that. But they will be donating unused masks. The Defense Department is making millions of masks available for healthcare workers. Lou healthcare workers across the country taking matters into their own hands at the headquarters of the Providence Health system. Workers convening in Conference Rooms where they awwemb
Invoking the defense production act in case we need it. It can do a lot of good things if we need it. Well have it all completed, signing it in just a little while of after im finished with this conference. Its prepared to go. Well be invoking the defense production act. Lou President Trump meeting with doctors and nurses at the white house. They committed to an increase in Safety Equipment including masks for healthcare workers. President trump american manufacturers are repurposing factories. One major manufacturer has doubled capacity and we asked Construction Companies to donate unused masks, and they have quite a few of them, the Construction Companies. Who would think that. But they will be donating unused masks. The Defense Department is making millions of masks available for healthcare workers. Lou healthcare workers across the country taking matters into their own hands at the headquarters of the Providence Health system. Workers convening in Conference Rooms where they awwemb
Board of directors chair, elizabeth duke, and former board member james quigley. 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 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 your companys shareholders, employees and customers. And while ms. Duke mystically said said, there resigned to quote, avoid distractions that would be cleared and this is not a di