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
Feel like its extreme you know Public Interest the attacks on me a former news week reporter launches a blistering attack on the magazine for fusing to run a story he wrote about the alleged chemical attack in the syrian city of doom but last year. Well those are the headlines and thats it for me for now im to follow will be here with you next hour to take you through all the news from around the world and stay with us for the kinds of reports next here on our international. I am max kaiser this is the kaiser report were getting ready for the global showdown central bank that being the i. M. F. In this case versus bitcoin the venue argentina thats why were here were here now were witnessing historic epic proportion of it yes of course when we booked to come here the currency crisis was not in such a full swing now it is we have a new president elect here and he has turned down the last 11000000000. 00 payment from the i. M. F. But i just want to say on our observations im here with the
Relief. And. Stepped up its missile test. To read more about those stories and others at r. T. Dot com coming up next it is the latest casualty with. I am max kaiser this is the kaiser report were getting ready for the global showdown central bank that being the i. M. F. In this case versus bitcoin the venue argentina thats why were here were here now were witnessing historic epic proportion of the vote yes of course when we booked to come here the currency crisis was not in such a full swing now it is we have a new president elect here and he has turned down the last 11000000000. 00 payment from the i. M. F. But i just want to say on our observations im here with the National Color here i look i feel like i look like Lionel Messi Gomez 6 gold bowls must be having. I have been a little bit surprised about how. How would you say posh. Its hours and hours of walking across the city and all sort of directions that it feels probably even more prosperous and living in paris being in paris i