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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 c ....
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 c ....
Threeweek rally sparked by unprecedented Government Intervention cannot be sustained. The Chinese Government has allowed more than 1400 companies to quit trading. It has banned major shareholders from selling their stakes. President obama has become the first u. S. Leader to visit ethiopia. He arrived in addis ababa last night. He will talk with several African Leaders about the civil war in south sudan. Earlier, he wrapped up his trip to kenya with a call to end corruption. President obama too often, in kenya as in other places corruption is tolerated because that is how things have always been. Here in kenya it is time to change habits and decisively break that cycle because corruption holds back every aspect of economic and civil life. It is an anchor that weighs you down and prevents you from achieving ....
Have asked everybody here to refrain from applause or any other interruptions, except for right now, as we welcome republican path the path toomey and democrat Katie Mcginty. Applause. We are so glad thaw are here to look forward to a terrific debate here tonight. Now, before we begin, a quick note on some of the ground rules. Each candidate will have one minute to answer the question posed to them, followed by a one minute response, or rebuttal. And, to the candidate the personal message from me i hope to cover a lot of ground here tonight, and so, i hope you wont think that im disrespectful if i really try to hold you to your time limits, and i will need your help and would appreciate your help with that. Candidates will also have 90 seconds at the end of the debate for a closing statement. By random draw the first question knittings to Katie Mcginty. Miss mcginty few issues ....
I know you mentioned that you think the people are gone now. I mean, humanity is really wanting precision and a congressman in that government. And so otherwise we do face a huge rebound in coming. Arguably we already are seeing it. Its an excellent question that is quite the paradox which is to be sent down into any group of voters and asked them what the number one problem in washington, they dont get anything done. Nothing gets done. Totally dysfunctional. They do not think logically. We rationalize about everything we do. Oh, i can have another cookie, i think i walked like 20,000 steps today. Whatever whatever you want to rationalize you can. Thats how i think we are becoming more frustrated with the process than ever and as molly pointed out, we are more polarized than ever at the same time. So that piece of it, and this desire to always be on the winning side, compromise is losing, i think it is seen not just in washington and the way the world works these days. I dont want this ....