We need zero social and political tolerance and stiff personal penalties for individuals who enable and profit off financial crimes, if we are to rout out widespread abuse in this sector. And if we don’t develop that, then we, the taxpayers and savers of the world, will just keep paying the price, over and over again.
Sen. Elizabeth Warren demands that Wells Fargo CEO Timothy Sloan be fired for his role in allowing the bank’s fake-accounts scandal to occur.”Wells Fargo needs to start over, and that won’t happen until the bank rids itself of people like you who led it into this crisis,” said Warren, who previously had demanded that the 12 board members in place during the scandal be removed. Here is a direct video link.
Elizabeth Warren to Wells Fargo CEO: You should be fired from CNBC.
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