May 15, 2020. The meeting will can the order. This the is the may 15, local meeting of the local agency formation. I am sandraly fewer joined by gordon marand cynthia pollock. I would like to thank sfgovtv for broadcasting this meeting. Madam clerk, do you have any announcements. Due to the Health Emergency and to protect commissioners, staff and public, city hall is closed. Members will participate in the meeting remotely. This precaution is taken pursuant to the stayathome order and local and state and federal orders, declarations and directives. You may participate in the meeting to the extent as if physically present. Public comment will be available on each item. On channel 26 and sfgovtv will stream the number on the screen. Each speaker will be allowed two minutes to speak. Communities or opportunities to speak are via by calling 408 4189388. Pound and pound again. When connected you will hear the discussions but you will be muted and in his senning mode only. Listening mode onl
Up for the season that starts next month with all the teams playing in phoenix. The cdc and National Institutes of health are supportive even espn. Even though there wont be any fans, it seems like we might return to some semblance of normalcy well, dont take me to the ball game, but have a ball game i think thats the perfect metaphor for today the market started strong, kind of excited about the baseball season dow up at 1. 900 points i think the metaphor is actually wrong which is why we sold off hard in the afternoon. Dow ended up closing off 26 points s p dipping. 16 it was quite a reversal. Were supposed to be in one of the saddest moments in history while we slow the spread of covid19, the death toll keeps rising the darkest is just before dawn. What do they think dawn looks like if you judge from yesterdays action, investors are buying on a vshape recovery boom, boom, business comes back, everything comes back to normal. A v says we have this virus whipped in no time id love tha
noise the committee will 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
noise the committee will 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
[inaudible conversations] [inaudible conversations] [inaudible conversations] the committee will come to order. The gentleman from illinois mr. Foster is recognized for five minutes. Thank you, madam chairman. Mr. Scharf, iraq with the concerns my colleagues on this committee about the extensive shortcomings of west fargo over a number of years past and do hope you are as committed and as successful in turning your dash as you stated in your testimony. Id like to bring up the issue of dreamers. This is ang issue that hits cle to home. Last summer a dreamer from illinois filed suit because he was wrongfully denied an auto loan because of his daca status. I was glad to see some of the changes that wells fargo has decided to implement recently including its plan to provide Daca Recipients with credit products, education loans and mortgages. I cannot emphasize enough how important this commitment is and hope you worked work diligentlo implement this new policy. Because this release is one