Come to order. Without objection, the chair is authorized to declare recess of the committee at any time. This hearing is entitled Holding Wells Fargo Accountable and ceo perspectives for the bank that broke americas trust. I now recognize myself for five minutes with an Opening Statement. Today, wells far go ceo, charles scharf, will testify before the committee about how he plans to end wells fargo egregious battle of abuse. Hes the third wells fargo ceo to testify before this committee and less than three and a half years. I will note that each time wells fargo ceo testified before this committee, he has resigned soon thereafter. Mr. Charles scharf, you have taken on a massive challenge and while i certainly wish you luck, it is clear to this committee that the bank you inherited is essentially a flawless organization that has caused widespread harm to millions of consumers around the nation. Wells fargo has opened 3. 5 million fraudulent accounts with their customers names which ca
[inaudible conversations] [inaudible conversations] [inaudible conversations] the committee will come to order. the committee will come to order. i want to thank the members for their patients this morning. we are in the process of re-organizing the democratic caucus. i don t know how this will all work out. we are going to get started. without objection, the chair is authorized to declare recess of the committee at any time. this hearing is entitled, boom and bust. the need for bold investments in fair and affordable housing to combat inflation and now recognize myself for four minutes to give an opening statement. good morning, everyone. first, i would like to say that i am incredibly proud that this committee has made it a top priority to ensure every family has access to fair and affordable housing across the country. since becoming chair in 2019, the committee has held 55 hearings on housing, including the first ever full committee hearing on homelessness. however, on