Maxine Waters to Stumpf: “Let’s call it what it really is: some of the most egregious fraud we’ve seen since the foreclosure crisis.”

“Let’s call it what it really is: some of the most egregious fraud we’ve seen since the foreclosure crisis.”

Wells Fargo Chairman and Chief Executive John Stumpf returned to Capitol Hill to testify before the House Financial Services Committee, where angry lawmakers excoriated him over the bank’s admission that employees created some 2 million fake accounts to meet sales goals.

A recording of the full hearing can be watched on YouTube.

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4closureFraud.org

Comments
2 Responses to “Maxine Waters to Stumpf: “Let’s call it what it really is: some of the most egregious fraud we’ve seen since the foreclosure crisis.””
  1. mike Drouin says:

    With the present Administration , Justice will not prevail !!!!!! sure , lay it on the line !!! But we made a ” Mistake ” We didn’t lie….. We misspoke !!!!! and we take full responsibility ?????? HOW ?????

  2. Wells Fargo Customer says:

    How come the wells fargo foreclosure manual is not being mentioned. They completely documented their fraud on how to create from scratch missing loan files. I just don’t get why people are surprised here. They intentionally stole people’s homes they had no legal right to. You cannot discuss the future of a bank with looking at their past.

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