Cspan, your unfiltered view of government. Created by campell and 97 and brought to you today by your television provider. The former wells fargo executive testified themselves as the consumer abuses that led to the executives earnings. Members of the House Financial Services committee question the witnesses on their actions at wells fargo and why no one has been prosecuted for the consumer abuses. This is just over two and a half hours. Thank you. This hearing is entitled Holding Wells Fargo Accountable examining the roll of board of directors and that the greatest patterns of consumer abuses. Today, we received testimony from elisabeth and mr. James quigley who until earlier this weeks are as chair of the board of directors of wells fargo and companys Walls Fargo Bank respectively. Both have resigned as our call for the resignations following the release of us phasing majority statute on wells fargos compliance failures in their individual failures as Board Members. Resignations do n
The chairman of the gentleman from mr. From texas is recognized. Thank you madam chair. Madam chair, as a practitioner, i once represented a rips recipient of welfare who is charged with a crime, because she made more money at a job and receiveds some benefits from the federal government. She had to be prosecuted. A crowned with allege. If this bank works much smaller, had maybe ten employees who were engaging in this type of activity, opening an opening up false accounts, fraudulent accounts, creating fraudulent credit cards. Someone would be prosecuted. If small banks would have had prosecution take place within the rank 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 steam, that you are beyond the law of the law to apply to wells fargo just does it ap
The chairman of the gentleman from mr. From texas is recognized. Thank you madam chair. Madam chair, as a practitioner, i once represented a rips recipient of welfare who is charged with a crime, because she made more money at a job and receiveds some benefits from the federal government. She had to be prosecuted. A crowned with allege. If this bank works much smaller, had maybe ten employees who were engaging in this type of activity, opening an opening up false accounts, fraudulent accounts, creating fraudulent credit cards. Someone would be prosecuted. If small banks would have had prosecution take place within the rank 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 steam, that you are beyond the law of the law to apply to wells fargo just does it ap
President foley and speakers and members of the legislatur legislature, distinguished guests friends, fellow nebraskans good morning. Congratulations on the commencement of the 106 nebraska legislature. I want to welcome each of you back and i look forward to working together to keep nebraska strong on what is known to be a fast pace from Property Tax Relief we have several priorities and as we enter this session our priorities in 2020 have been shaped by the events and circumstances our state has faced over the last year. As i have said before i believe 2019 will be remembered as nebraskas finest hour. [applause] when we were faced with the most widespread and costly Natural Disaster in state histor history, nebraskans responded with heroic grit and determination and resilience and generosity. For 318 days through december 19 nebraska had a flood watch warning or advisory somewhere in our state. Through it all nebraska show the world what it truly means to be nebraska strong. The resc
Enter this session our priorities in 2020 have been shaped by the events and circumstances our state has faced over the last year. As i have said before i believe 2019 will be remembered as nebraskas finest hour. [applause] when we were faced with the most widespread and costly Natural Disaster in state histor history, nebraskans responded with heroic grit and determination and resilience and generosity. For 318 days through december 19 nebraska had a flood watch warning or advisory somewhere in our state. Through it all nebraska show the world what it truly means to be nebraska strong. The rescue on nebraska not only rescued stranded neighbors donated hey, poured hot meals and raised money for those who lost everything. Several of our hearing on our heroes a token of our appreciation. These men and women are ordinary nebraskans who recognize the need and took lifesaving action. In many cases they did this not because it was their job but because they cared about their neighbors and co