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
Tips for me . Do you have any good ideas for me of what i can do with my money . Charles how about an index fund . Would you fix your tie, please . David well, people would not recognize me if my tie was fixed, but ok. Just leave it this way. All right. I dont consider myself a journalist. And, nobody else would consider myself a journalist. I began to take on the life of being an interviewer, even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . We are here today with chuck schwab, one of the bestknown figures in the American Business world, certainly has been so over the last several decades because of his ubiquitous face and his ads, but also because of the Great Company he has built, which is one of the leading Financial Service companies in the united states. He has now just written a book, called invested by Charles Schwab, and i want to talk about that. And his life, which is incredible. Let me start b
Lets go make some money. [ horn honking ] ive traveled the country trying to fix the people. And you do 1 million a year. You should be proud of it. Man 2 but we dont know how to keep any of it. Lemonis fix the process. See . It is flimsy. Dont ever make these again. You dont sell them. And create a few products. Woman it reduces anxiety and depression. Lemonis i kinda like it. I spend countless days working on these companies. Man 3 [laughs] how much money did you burn through . Man 4 650,000. Lemonis but we cant always fit everything im thinking into the show. [ musical powerdown ] so tonight, were gonna take an inside look at an episode from season 4, flex watches, a business with purpose. Travis each color represented a different charity that we partnered with to give back 10 . Lemonis it was essentially a social mission and it used a rubber watch as the vehicle. Over the next hour, im gonna take you behind the scenes to share with you what i was actually thinking during filming. W
David i dont consider myself a journalist. And, nobody else would consider myself a journalist. I began to take on the life of being an interviewer, even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . We are here today with chuck schwab, who is one of the bestknown figures in the American Business world, certainly has been so over the last several decades because of his ubiquitous face and his ads, but also because of the Great Company he has built, which is one of the leading Financial Service companies in the united states. He has now just written a book, called invested by Charles Schwab, and were going to talk about that and his life, which is quite incredible. Let me start by asking about something you made news with just recently. Your Company Announced you are not really going to just do discount brokerage, you are going to give away brokerage for free. In other words, if i want to buy some stock, i
[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