Topic: Michael Capuano

1 chapters across the catalog

Wall of Phlegm
Episode 865 1:16:16 - 1:25:41

865: Wall of Phlegm

Wells Fargo Hearing, CEO John Stumpf Grilled

Congressman Michael Capuano and other lawmakers excoriated Wells Fargo CEO John Stumpf during a hearing regarding the bank's fake account scandal. Capuano compared Stumpf's "culture of corruption" to a common thief, noting that while a street criminal goes to jail, the CEO merely pays fines. The hearing focused on 5,300 fired workers and 16 regulatory violations over five years.