mr. warren. mr. warren: uh -- senator kennedy, during your brief speech a few minutes ago you mentioned farm surpluses. mr. kennedy: that's correct. mr. warren: i'd like to ask this. it's a fact, i think, that presidential candidates traditionally make promises to farmers. lots of people, i think, don't understand why the government pays farmers for not producing certain crops or paying farmers if they overproduce for that matter. now, let me ask, sir, why can't the farmer operate like the business man who operates a factory? if an auto company overproduces a certain model car uncle sam doesn't step in and buy up the surplus. why this constant courting of the farmer? mr. kennedy: well, because i think that if the federal government moved out of the program and withdrew its supports then i think you would , have complete uh -- economic chaos. the farmer plants in the spring and harvests in the fall. there are hundreds of thousands of them. they're not able to control their market very well. they bring

mr. stumpf: the board -- senator warren: have you resigned? mr. stumpf: no, i have not. senator warren: have you returned one nickel what you were paid while this scam was going on? mr. stumpf: first off, this is done by 1% of oour people. senator warren: have you returned one nickel of the millions of dollars that you were paid while this scam was going on? mr. stumpf: the board will deal with that. senator warren: have you returned one nickel of the money -- mr. stumpf: and the board -- senator warren: i will take that as a no then. have you fired a single senior executive? and by that i don't mean a regional manager or branch manager. i'm asking about the people who actually led your community banking division or your compliance division? mr. stumpf: we've made a change in our regional -- to lead our regional banks. senator warren: i just said, i am not asking about regional managers. i am not asking about branch managers. i'm asked if you fired senior management. the people who actually led community banking division, who oversaw this fraud or the compliance division

mr. warren. >> mr. vice president you mentioned schools and it was just yesterday i think you asked for a crash program to raise education standards, and this evening you talked about advances in education. mr. vice president, you said it was back in 1957 that salaries paid to school teachers were nothing short of a national disgrace. higher salaries for teachers, you added, were important and if the situation wasn't corrected it could lead to a national disaster. and yet, you refused to vote in the senate in order to break a tie vote when that single vote, if it had been yes, would have granted salary increases to teachers. i wonder if you could explain that, sir. mr. nixon: i'm awfully glad you ge got that question because as you know i got into it at the last of my other question and wasn't able to complete the argument. i think that the reason that i voted against having the federal government uh pay teachers' salaries was probably the very reason that concerned senator kennedy when in january of th

unfortunately, i think mrs. warrenrren truly believes that more is always better. >> she makes a terrible, terrible, sauce rick, for sure. >> terrible sauce. look at facts. they've dope a lot. consumer financial production bureau. like a big brother that never learned how tor to be parent. gives people a menu. we're not that stupid, senator warren. this notion that the banks have gotten small r eric they've gotten bigger. in essence, what does overbearing set of regulations has done is distance themselves. it's raised the barrier to entry. to many of the service the big bank provide, making them more difficult for smaller e competing banks. it isn't working. the philosophical issue is easy. she thinks government could fix everything. what we've learned is when you have more government, you just have more inefficiency. every dollar spent, a bigger chunk gets wasted. i agree. something needs to be done with these banks, but it's the way you address it that i disagree with. >> got it, rick. the next big tech uniform. fund

mr. stumpf: the board -- senator warren: have you resigned? mr. stumpf: no, i have not. senator warren: have you paid -- repaid one nickel of the millions of dollars -- have you returned one nickel of the millions of dollars that you were paid by this -- while this scam was going on? mr. stumpf: the board will take care of that. senator warren: have you returned one nickel of the money you -- mr. stumpf: the bo senator warren: i will take that as a no. have you fired a single executive come i and talking about the people who lead your compliance division. mr. stumpf: we have made a change. senator warren: i've just said i am not asking about regional managers or branch managers, i am asking if you have fired senior management. the people who actually led community banking division, who oversaw the fraud or the compliance division that was in charge of making sure the bank complied with the law. did you fire any of those people ? mr. stumpf: no. senator warren: now, so you have not resigned overturned a single nickel of your personal earnings, you have not fired a single s

mr. warren. >> mr. vice president, you mentioned schools. it was just yesterday i think you asked for a crash program to raise education standards and it this evening you talked about advances in jearks. mr. vice president, you said this back in 1957 that salaries paid to school teachers were nothing short of a national disgrace. higher salaries for teachers, you added, are important and if the situation wasn't corrected it will lead to a national disaster. yet, you refused to vote in the senate in order to break a tie vote when that same vote, if it had been yes, would have granted salary increases to teachers. i wonder if you can explain that. vice president nixon: my last question wasn't able to complete the argument. i think the reason that i voted against having the federal government pay teacher salaries was probably the very reason that concerned senator kennedy when in january of this year in the press conference he said he favored aid for school construction but at that time did not time feel there should be pay for teacher salary.

mr. warren's firm decision to designated only a small portion of his estate to the library and to leave the rest unrestricted for the university to use as it saw fit. yes, we have heard from people who disagree with how the gift was used. we respect and acknowledge that feedback but it does not change our decision. $100,000 of the donation was dedicated to the library he worked at for so many years another $2.5 million will be used to launch an career center at u.n.h. >>> by now you probably know patriots head coach bill bect is a man of few words during news conferences but today fox 25's butch stearns went one-on-one with the future hall of fame coach. butch i love this interview today because you got to see his personal side. >> it's fun to see. we rarely do see. that three years ago patriots head coach started the bill belichick foundation mostly as a tribute to his dad steve belichick. in a one-on-one conversation this morning at gillette the leader opened up about his foundation and about what carrying his dad's legacy means to him. >> really my dad lived the american dream. he was th

mrs. warren, first name? ann. try to make her diane. >> and was quick to point out, that it is a one time only, funding and the way that cso was listed on the california state tax return, continues to be problematic, and they were not successful in reaching the minimum threshold in the last tax cycle and so there is something about the future funding so that we are concerned to be concerned about that and focus on that. and we talked about the dignity fund and invited representatives from the dignity fund to up date us on that campaign initiative, at our next meeting. and we talked about the issue of homelessness at some length. talking about both the impact of homelessness in san francisco on the disabled community as well as the increased age, dem graphic for the homelessness in san francisco and so we, i am having a tough time and i am under caffinated this morning. >> but my colleague, richard al made a motion that we approve to invite the mayor's office zcar on homelessness to talk to us about the impact that

mrs. warren, first name? ann. try to make her diane. >> and was quick to point out, that it is a one time only, funding and the way that cso was listed on the california state tax return, continues to be problematic, and they were not successful in reaching the minimum threshold in the last tax cycle and so there is something about the future funding so that we are concerned to be concerned about that and focus on that. and we talked about the dignity fund and invited representatives from the dignity fund to up date us on that campaign initiative, at our next meeting. and we talked about the issue of homelessness at some length. talking about both the impact of homelessness in san francisco on the disabled community as well as the increased age, dem graphic for the homelessness in san francisco and so we, i am having a tough time and i am under caffinated this morning. >> but my colleague, richard al made a motion that we approve to invite the mayor's office zcar on homelessness to talk to us about the impact that

encourage programs like this to exist, one being mrs. warren from massachusetts, who on april 16 -- april 15 signed this letter to the f.d.a. urging the acceleration of duchenne's development on a breakthrough drug which by the way on monday of this week, a therapeutics company in massachusetts was approved by the f.d.a. forvestment a new drurk the first drug that treats duchenne's multiplduchenne-- mu. that process was developed through the work of a company we want to make sure the companies are incentivized to make those type of break 13 throughs again because there are so many diseases that have given the right -- that if given the right incentive and opportunity, breakthroughs can be developed and the quality of life can be bemplet you'll hear all kinds of arguments about pharmaceutical company, all kind of arguments about this, that, and the other. the facts are clear. this bill is an incentive that for five years has incentivized the development of new breakthrough drugs. it is an incentive that's right. it is not an incentive that's wro

mr. stumpf: i will not opine on this. senator warren: you will sell say, lie, steal? mr. stumpf: we've never say do those kinds of things. senator warren: but if you do them, you can count on chairmanstumpft to not say don't get your bonus. your actions are, people do this, and you will not take a single step two shut it down. i will ask the question again. will you support clawing back any or all of the pay for the person in charge of compliance, which we have not talked about much today -- the person who is supposed to be responsible that the rink is following the law. will you have any recommendation about that person? mr. stumpf: i will have the board to their process. senator warren: you will never have any recommendation at all? mr. stumpf: whatever the board does, i will accept and support. senator warren: you are not passive here. if you have no opinions on the most massive fraud that has hit this bank is the beginning of time, how can you continue to collect a paycheck as chairman of the board? mr. stumpf: first of all, i disagree that this is massive fraud. secon

mr. warren. she is introduced to gerald ford and jerry is quite interested. that evening after the party he calls her up and invites her out for a drink. she's angry because she is campaign for ad her department store so she has work to do. also she said you should know better to call me up because i am in the middle of a divorce. he said don't worry about it, i know a place that is out of the way and we can go and have ride the drink. he persuades her to do that. then they become something of an item. and betty are married in october, 1948. it was an announcement that was put off for a while because he was running for congress. he didn't want to get married until october because he wanted to handle the primary. he wins the election and they are off to establish a home in washington. by 1950, they had their first outcome of michael then jack and 1957, susan 19 -- arrives. by 1957 they have four children at home as ford is moving up in the leadership ranks with increasing responsibility on capitol hill area the kids recall that when their dad was home, that he

mr. stumpf: the board, i serve -- sen. warren: have you resigned? mr. stumpf: no, i have not. sen. en: have you returned one nickel of the millions of dollars he received while this scam was going on? mr. stumpf: first of all, this was by 1% of our people -- sen. warren: that is not my question. this is about responsibility. have you returned one nickel of the millions of dollars you made while the scam was going on? mr. stumpf: the board will take care of that. . sen. warren: have you returned one nickel of the money you earned while this scam was going on. mr. stumpf: the board will do -- sen. warren: i will take that as a no, then. have you fired a senior -- a single senior executive? i do not mean a regional manager or branch manager, i'm talking about the people who lead your community banking or compliance division. mr. stumpf: we have made a change to lead our regional banks. sen. warren: i just said i'm not asking about regional managers or branch managers, i'm asking if you have fire senior management -- the people who actually led community banking division, who oversaw th

mr. warren. fords introduced to gerald jerry is quite interested. late that evening after the party, he called her up and invites her out for a drink. she is kind of angry about that because she is working on an ad campaign for the department store, so she has homework to do, but also she chides him. "you are an attorney, and you know better than to call me up because you know i am in the middle of tha divorce." he says, "do not worry about it, i know it plays that is private, and we can have a drink" and persuades her to do that, and from that moment, they become something of an item. gerald ford and that he wore in our october of 1948. it was an announcement that was put off because he was running for congress and did not want to get married until october because he wanted to handle the primary. as soon as they are married, he wins the election, and they are off to establish a home in washington. by 1950, they have their first child, michael, then jack follows, then steve, and then by 1957, susan has arrived. four 1957, they have children at home

mr. stumpf: i will not opine on that. sen. warren: you will say get out there fraud, cheat, lie, and steel and i have nothing to say about it? mr. stumpf: we never say go out there and do any of those things. sen. warren: if you do them, you notcount on chairman stumpf to stand up and say you shouldn't get your incentive bonus. mr. stumpf: the board has a process. sen. warren: you started this whole thing by saying tell you what your actions are. your actions are people do this and you were not going to take a single step to shut it down. i guess i can ask this question again, what you personally support clawing back any or all of the pay of the person in charge of compliance? the person who was supposed to be responsible to make sure that the bank is following the law. with you have any recommendation about that person? you will have no recommendations at all ever at any point in this process? mr. stumpf: whatever the board accepts, i will accept and i will support. sen. warren: you are not passive. what are you doing serving as cha

mr. stumpf: no, i have not. senator warren have you return one nickel of your pay while this scam was going on? mr. stumpf: this was by 1% of the people -- senator warren: that is my question. had he returned the millions of dollars that you were paid while this scam is going on -- have you returned one nickel of the money you were given while the scam has going on -- i will take that as a no. have you fired a single executive, and i do not mean a regional editor or branch manager. asking about your compliance division. mr. stumpf: we have made a change to our regional banks. i'm not asking about regional or branch managers. have you fired senior management , the people who actually led community banking division, who oversaw this fraud, the compliance division that was in charge of making sure that the bank complied with the law? the fire any of those people? mr. stumpf: no.senator warren : you have not resigned, not return a single nickel of your earnings, have not fired a single executive. "our definition of "cannibal --it

mrs. warren, first name? ann. try to make her diane. >> and was quick to point out, that it is a one time only, funding and the way that cso was listed on the california state tax return, continues to be problematic, and they were not successful in reaching the minimum threshold in the last tax cycle and so there is something about the future funding so that we are concerned to be concerned about that and focus on that. and we talked about the dignity fund and invited representatives from the dignity fund to up date us on that campaign initiative, at our next meeting. and we talked about the issue of homelessness at some length. talking about both the impact of homelessness in san francisco on the disabled community as well as the increased age, dem graphic for the homelessness in san francisco and so we, i am having a tough time and i am under caffinated this morning. >> but my colleague, richard al made a motion that we approve to invite the mayor's office zcar on homelessness to talk to us about the impact that

mr. president? the presiding officer: the senator from massachusetts. ms. warren: mr. president, the rains who control the senate are setting new records for obstruction by slowing the pace of judicial nominations to a crawl and leaving courts across this nation overburdened and understaffed. i've listened as senator mcconnell has asserted that he is acting fairly on judges because more total obama judges have been confirmed than total george w. bush judges. here's my question. what kind of a game does he think this is? at this point in time during the bush administration, there were 42 judicial vacancies. today there are 90. at this point during the bush administration, there were 13 judicial emergencies, vacancies in courts that are severely shorthanded and overburdened with cases. today there are 32, more than twice as many vacancies, more than twice as many emergencies, and senator mcconnell says, well, he just doesn't want to do his job and neither do other republicans. we all know why. republican leaders in congress have made it abundantly clear that they want do

mr. chairman. >> senator warren? >> thank you, mr. chairman. mr. stumpf, wells fargo vision and value statement which you frequently cite says, quote, we believe in values lived not phrases memorized. if you want to find out how strong a company's ethics are, don't listen to what its people say. watch what they do. so, let's do that. since this massive years' long scam came to light, you have said repeatedly, quote, i am accountable. but what have you actually done to hold yourself accountable? have you resigned as ceo or chairman of wells fargo? >> the board -- i serve -- >> have you resigned? >> no, i have not. >> all right. have you returned one nickel of the millions of dollars that you were paid while this scam was going on? >> well, first of all, this was by 1% of our people. >> that's not my question. this is about responsibility. have you returned one nickel of the millions of dollars that you were paid while this scam was going on? >> the board will take care of that. >> have you returned one nickel of the money you earned while this scam

mr. dave warren, sue serio has been out this week, i believe she's coming in at 6:00 this morning. >> yesshe will be here at 6:00. >> and we still have rain on the radar here we have a lot to talk about right now. very heavy rain continuing, a flash flood watch remains in effect across much of the south jersey and all of delaware. any heavy rain could lead to additional flooding, kent, sussex county and more rain moving north that heaviest rain pushing into the north and western suburbs. still some lighter rain about to move through philadelphia, grab that umbrella before you head out the door and watch out for flooded roadways. all of sussex county has seen five to 2 inches on have rain last 24 hours. not much better in kent and new castle count which heavy rain coming down now, easily seeing some flooded roadways here. this could add to the flooding problem. all of chester county is seeing that very heavy rain and then we will go north of the turnpike, west of the northeast extension and heavy rain coming down all across this area. this continues to spread to the northeast, this could l

mr. -- that's up to the board. he works for the board. not me. not senator warren. and others. mr. a good banker a long time. when things happen on your watch, you do have to have responsibility for it. and there has got to be an accounting for it. i'm not sure that just happened yet. >> do you think, back to my previous question, that wells fargo lived up to the standards of trust and integrity that you would hold banks to? >> no, i don't. i do not. when they were -- you have employees and up to 5,000 that they terminated for bringing forth fraudulent accounts. there is something wrong with the culture and something wrong with the bank. >> is there something wrong as senator warren pointed out with the idea that many of the people who were fired were lower level individuals and that -- to her discovery, none of the senior executives involved, not mr. stumpf, not anyone, has been fired as a result of this. does that concern you? >> i think it begs the question of what is really going on and as anyone in responsibility accepting accountability and responsibility. we haven't seen it

mrs. warren, first name? ann.e her diane. >> and was quick to point out, that it is a one time only, funding and the way that cso was listed on the california state tax return, continues to be problematic, and they were not successful in reaching the minimum threshold in the last tax cycle and so there is something about the future funding so that we are concerned to be concerned about that and focus on that. and we talked about the dignity fund and invited representatives from the dignity fund to up date us on that campaign initiative, at our next meeting. and we talked about the issue of homelessness at some length. talking about both the impact of homelessness in san francisco on the disabled community as well as the increased age, dem graphic for the homelessness in san francisco and so we, i am having a tough time and i am under caffinated this morning. >> but my colleague, richard al made a motion that we approve to invite the mayor's office zcar on homelessness to talk to us about the impact that that whole

mr. chairman. >> senator warren? >> thank you, mr. chairman. mr. stumpf, the wells fargo vision and values statement, which you frequently cite, says, "we believe in values live, not phrases memorized." if you want to find out how strong a company's ethics are, don't listen to what its people say, watch what they do," so let's do that. since this massive, years-long scam came to light, you have said repeatedly, "i am accountable." but what have you actually done to hold yourself accountable? have you resigned as ceo or chairman of wells fargo? >> the board -- i serve -- >> have you resigned? >> no, i have not. >> all right. have you returned one nickel of the millions of dollars that you would pay while this scam was going on? >> first of all, this was by 1% of our people and -- >> that's not my question. this is about responsibility. have you returned one nickel of the millions of dollars that you were paid while they scam was going on? >> the board will take care of that. >> have you returned one nickel of the money you earned while this scam was

mr. strump. >> reporter: elizabeth warren wants him personally investigated by the department of justice. >> but you squeezed your employees to the breaking point so they would cheat customers and you could drive up the value of your stock. >> reporter: and warren wasn't alone in the attack on the banking giant. >> this isn't the work of 53 bad apples. this is the work and result of sewing seeds that rotted the entire orchered. >> reporter: while law makers prevent something like this from happening again, wells fargo customers like ann who is also an expert in business ethics, believes consumers will be checking and double checking any added bank fees in the future. >> all financeal institutions, not just wells fargo. >> reporter: they face 1$185 million in fines. roughly 5,000 employees have been fired. i'm michelle roberts. back to you. >>> well, how about this. a collection notice before you even get the bill. nbc bay area responds about a local ambulance service. in the south bay, the "the pruneyard" is one-step closer to getting its lg-prosed makeover. ===take vo=== when the campbell shopn

mr. stumpf: i have had one conversation with warren buffett. mr. hill: because warren buffett in two minutes before the senate banking committee in 1991 probably did the best job i think on behalf of corporate america. do you remember what he said at that time? mr. stumpf: i have read a lot of his things. i think it's something about i'd rather make less money but integrity but go ahead and read it to me. mr. hill: i'm going to paraphrase it. he said, first of all, he wanted every employee to be their own compliance officer. his or her own compliance officer. and he wanted every employee every day when they came to work to think about the actions they took on behalf of customers, if they could read that in their own hometown newspaper written by a critical journalist. but he summarized it. i think you need to summarize if you're going to be successful in this endeavor, he made this quote with you i think people quoted -- which i think people quoted. lose money for the firm and i will be understanding. lose a shred of reputation for the company and i

mrs. warren, first name? ann. try to make her diane. >> and was quick to point out, that it is a one time only, funding and the way that cso was listed on the california state tax return, continues to be problematic, and they were not successful in reaching the minimum threshold in the last tax cycle and so there is something about the future funding so that we are concerned to be concerned about that and focus on that. and we talked about the dignity fund and invited representatives from the dignity fund to up date us on that campaign initiative, at our next meeting. and we talked about the issue of homelessness at some length. talking about both the impact of homelessness in san francisco on the disabled community as well as the increased age, dem graphic for the homelessness in san francisco and so we, i am having a tough time and i am under caffinated this morning. >> but my colleague, richard al made a motion that we approve to invite the mayor's office zcar on homelessness to talk to us about the impact that

warren buffett conceded he did call mr. stumpf up and voice his concerns. why is that important? warren buffett, the legendary investor is the biggest shareholder of wells fargo. if you have congress against you. if you have multiple investigations, which he does have right now, sec investigations, d.o.j. investigations, and if you have warren buffett breathing down your neck, then you got real problems. that's why have you most of the analyst community right now basically predicting that mr. stumpf who's chairman and ceo of wells fargo will not divide this scandal, which as you know is not big in money terms, but when you -- make this really clear, not a huge money term scandal. $10 million at the most, maybe 5, but when a bank has a system that does not catch its employees who willy-nilly create fake accounts in real customers' names, whether they're checking accounts, credit card accounts, you got a compliance problem. if he comes out and puts the hammer to him, he could probably be gone not just by splitting up the chairman and ceo jobs, which i think is a real possibility, he

mr. dave warren. >> not all weekend just today and tomorrow.ing up quickly, bright sunshine, warming things things up heading in the 07's. down to the the 40's and lower 50's across north and western suburbs. tropical storm to the south, moisture will stay south, we will see that humidity coming up from the south and southern plains and ahead of the front will give us rain late on sunday so rain comes in, not saturday, saturday looks good but sunday and monday, clearing out by tuesday, wednesday and thursday, looking good with bright sunshine low humidity temperatures in the mid 80's just in time for start of the fall on thursday. mike and alex. >>> thanks very much. >> 8:56 now. philly has given the world a lot of things like bubble gum, it was invented here did you you know that? what other inventions came right here in the city of brotherly love and sisterly affection. >> i am ugly. >> beauty guru says that to get her to stop focusing on her spots, why she said you need to see yourself as a child. >> karen hepp joins us next. the new family

mrs. clinton: if clinton was a smart, she would seriously consider elizabeth warren for this job. mrs.e benghazi committee reported it found nothing. >> republicans could not have played more into hillary clinton's hands on how do you investigate a clinton? they're getting blowback for an ordinary and extraordinary private conversation on monday between bill clinton and the attorney general of the united states, loretta lynch. >> bad, horrible judgment. >> this will add to the partisan decision. >> although we do not find clear evidence that secretary clinton or her colleagues intended to violate laws governing classified information, there is evidence that they were extremely careless. we are expressing to justice our view that no charges are appropriate in this case. >> indictment or no indictment. if she was indicted or he suggested criminal charges, this would be one of the worst days in her life. she might not be the democratic nominee and might not be the president of the united states. mrs. clinton: please welcome me -- please join me in welcoming the president of the united sta

mr. warren. she is introduced to gerald ford at a party, and jerry is quite interested. late that evening after the party, he calls her up and invites her out for a drink. she is kind of angry about that because she is working on an ad campaign for the department store, so she has homework to do, but also she chides him. "you are an attorney, and you know better than to call me up because you know i am in the middle of a divorce." he said, "do not worry about it, i know a place that is private, and we can have a drink" and persuades her to do that, and from that moment, they become something of an item. gerald ford and betty were married in october of 1948. it was an announcement that was put off because he was running for congress and did not want to get married until october because he wanted to handle the primary. as soon as they are married, he wins the election, and they are off to establish a home in washington. by 1950, they have their first child, michael, then jack follows, then steve, and then by 1957, susan has arrived. so by 1957, they have four children at h

mr. stumpf got some poor advice. elizabeth warrenwas particularly on attack and, you know, kind of hypocritical considering that she's in the lead for a candidate who herself is deceitful. i know that's too political for this show. it reads the most negative you can. you do buy the stock. i calm out yesterday in support of it. >> k on. harley david southern is on the move. morgan brennan has the details there. morgan. >> hey, scott. that's right. take a look at shares of harley davidson. those are coming off their earlier highs. this is sources at the company tell me that the motorcycle manufacturer is not in talks with k.k.r. about a potential takeover. my sources there saying that if an offer from kkr is actually coming for harley davidson, that they are not aware of it. they have not had a conversation with that company about those rumors. if you check out shares of harley davidson, they're up about 3%, 3.5% right now. earlier today at the highs, they were up about 7%. again, harley says not in talks with kkr about a takeover. bac

mr. stumpf. you already played that byte with elizabeth warren, senator warren, that really summed up the tone of the whole hearing. one of the reasons the senators were so disappointed with mr. stumpf was his inability to clearly answer the questions asked of him. first notably really on the top ek of clawbacks in pay. his own, and also other executives like carrie tolstad. he refused to be drawn in to deferring it as a board decision. a board, of course, that he is chair of and saying, well, decisions of that matter he doesn't have a decision. not taking accountability and deferring it and saying he would wait and respect the decision of the board. there was another area as well where he seemed unable to give clearances on, despite, of course, one would expect doing lots of research ahead of this hearing, saying that he became aware of the whole scandal in 2013, but could not remember exactly when, even suggesting possibly at one point the l.a. times asked -- he was also asked -- this really sums up that inability to answer questions clearly -- when he notified various regulators about the issu

warren: mr. president? the presiding officer: the senator from massachusetts. ms. warren: mr. president are we in a quorum? the presiding officer: the senate in a quorum call. ms. warren: i ask that the quorum call be lifted. the presiding officer: without objection. ms. warren: the republicans are threatening to shut down the government now. in less than 100 hours the united states government runs out of money. why? what is so important that republicans are willing to destroy thousands of jobs and cost our economy billions of dollars, the way they did back in 2013? well the answer is money -- not tax money not government spending. nope, this is all about secret money for political campaigns. republicans who control congress are refusing to fund the government unless everyone agrees to let giant publicly traded companies that spend millions of dollars trying to influence our elections keep all that money hidden. in just six years the world has turned upside down. since 2010, when the supreme court said in citizens united that american corporations are people, those corporations

warren christopher apparently said to al gore, mr.ent, this election will say more about you than it does about the person you are selecting to be your running mate and if you select senator edwards you will have to explain to the american people why you are taking a person who two years ago was practicing law in north carolina and you are putting him second to the most powerful governmental position in the world and apparently that turned the conversation. was likee what it serving as vice president when he got sick of the japanese dinner where he was incapacitated. >> i got a call from sam skinner about 4:00 in the morning saying we have a problem in the president passed out at dinner. a few minutes barbara bush was on the phone and i said what is going on over there and she said he over did it and i told him not to play, he is fine committee has the flu. she said don't worry about it. >> because she was the real second-in-command. >> that's right. [laughter] >> i think candidates have a responsibility to reveal their baseline healt

peter barnes telegraphed this with elizabeth warren mr.uestionnaire today that contributed to a lot of troubles. peter barnes, what have you got? reporter: neil, i don't know if i seem know if i'd seen it know if i seem to really bat toss in my entire time covering congress and business 25 years. that's about as tough as it gets. john stumpf on the hot seat stadium he was deeply sorry for the failures at wells fargo that caused these fake accounts to be open, some 2 million of them. he accepted full responsibility for all the sales practices at the spades and said there were reforms be put in place already and as you know repeated at the bank has fired since 2011 and discovered transgressions of about five dozen people. senator warren really went after him hard. listen. >> you should resign. you should give back the money that you took while this scam was going on and you should be criminally investigated. this just isn't right. a cashier who steals a handful of 20s is held accountable, but wall street executives who are most never hold th

warren's attack was the most forceful condemnation yet..... of wells fargo.... over the millions of fake accounts.... the bank created. we've been through this mr. stumpf. i asked you a simple question. of your stock went up while this scam was going on? warren is a vocal critic of big banks like wells fargo. she demanded both the department of justice and s-e-c criminally investigate.... the c-e-o-. she also asked for.... his resignation. if you buy premium gas... then buyer beware! according to triple a... it's more expensive.... and... most of the time... not necessary. the group says... billion dollars..... last year... putting expensive premium gas... into cars that don't need it. according to triple-a-... about -70- percent of vehicles on the road... need regular gas. people across japan are cleaning up a huge mess in the wake of typhoon malakas. the storm made landfall overnight with heavy rain that caused heavy flooding in several provinces. a number of buildings were destroyed.. and roads washed away. adlib let's go to chief meteorologist bryan scofield while the cloud cover and moisture has pushed into the area, most models seem to indicate tha

mr. lieberman: toward the end, it was down to john kerry, john edwards and me. be itart money seem to was going to be john edwards. warrenpparently said to al gore, mr. vice president, this election will say more about you than it does about the person you are selecting to be your running mate. if you select senator edwards, you will have to explain to the american people why you are taking a person who two years ago was practicing law in north carolina and you are putting him second to the most powerful governmental position in the world. apparently that turned the conversation. mark: can you tell me what it was like serving as by -- serving as vice resident at the japanese dinner when he got sick ? mr. quayle: i got a call that said we have a problem, the president passed out at the tail and barbara bush was on the line. she said he overdid it. told him not to play that extra set of tennis. he's fine. he's got the flu. mark: she was the real second-in-command. do the voters have the right to know what the status of the health of the candidates is? i've always been fourfold disclosure but it's not as important as the me

elizabeth warren: you know here's what really gets me about this mr. stumpf, if one of your tellers took a handful of $20 bills out of the cash drawer they'd probably be looking at criminal charges for theft. they could end up in prison. but you squeezed your employees to the breaking point so they would cheat customers and you stock and put hundreds of millions of dollars in your own pocket. "you should resign. you should give back the money you took while this scam was going on and you should be criminally investigated." )) ((paul joncich)) >> 53- hundred employees were fired for creating the fake accounts... pressured employees to meet unrealistic sales goals. warren is a vocal critic of big banks... and demanded both the department of justice and s-e-c criminally investigate stumpf for his quote - "gutless leadership."/// ((christianne klein)) >>> if you fill your tank with premium gasoline... you're likely wasting money. that's according to a new triple- a report... which claims americans wasted more than two- billion- dollars last year by choosin

even before the move had had time to resonate, senator elizabeth warren had tweeted and said that mr.tumpf should resign, return every nickel he made while the scam was ongoing and face the s.e.c. and doj investigations. the day ended with the state of california suspending business relationships with wells fargo for one year. a major symbolic move rather than a serious hit to earnings. 0.1% of the earnings or $22 million. highlighting that things could get worse for wells fargo. >> these sanctions will be in place for 12 months, however should wells fargo fail to comply with settlement agreements it reached with federal and local regulators or evidence surfaces that they reengaged in the same behavior, the sanctions may escalate up to and including a complete termination of our business relationship with the bank. >> he will be on power lunch today. one not to miss. the bottom line, once again, mr. stumpf heads to capitol hill today still under intense pressure, despite some actions he would have hoped to placate it. >> i wonder if they're going to do anything at all to alleviate som

warren. >> thank you, mr. chairman. buried in the checking and credit card contracts ask a forced arbitration clause. it says that if a customer has any dispute with the bank about anything related to that checking account or credit card, they cannot go to court and the cannot join with other customers who have the same problem. instead they have to go one by one through arbitration. now, a feature of arbitration that the banks particularly love is that it's nearly always all secret. filings and documents aren't available. even if the customer wins, there's no public record of it like there would be if we were in a court case. director cordray, do you think forced arbitration clauses make it easier for big banks to cover up patterns of abusive conduct, including the years of misconduct by wells fargo in this case? >> i do think so, yes. >> so in other words, these forced arbitration clauses make it easier for wells to get away with scamming their customers, which is why it is good news for customers that the cfpb has pr

political theatre yesterday it will be political theatre especially i want to see senator elizabeth warren question mreo of wells fargo should be very interesting, but i think, there is more at stake than politics and theatre, i think a few issues, here going to be discussed which will not exactly dictate the future of management of the financial industry, but have a heavy role in how we go forward how the big banks are actually managed, for example,, are we going to abolish across the board sales incentive programs? that is what got wells fargo into trouble, are we going to abolish that across the board i think senator would like that see if we go that far what about pay and boup uses executives received as the result of unethical activity should those pay and button uses be returned a fair question should we extended that across the banking financial industries there is another one should executives who pride over this kind of thing be fired another good question, i think we will go so many way towards answering that question today, on our show, we have one of the victims of wells fargo's activities

warren christopher apparently said to al gore, mr.ection will say more about you than it does about the person you are selecting to be your running mate, and if you select senator edwards, you will have to explain to the american people why you are taking a person who, two years ago, was practicing law in north carolina, and you are putting him second to the most powerful governmental position in the world and apparently that turned the conversation. >> can you tell me what it was like serving as vice president when he got sick at the japanese dinner where he was incapacitated. >> i got a call from sam skinner about 4:00 in the morning saying we have a problem in the president passed out at dinner. a few minutes barbara bush was phone and i said what is going -- barbara bush was on the phone and i said what is going on over there and she said he over did it and i told him not to play, he is fine committee has the flu. she said don't worry about it. >> because she was the real second-in-command. >> that's right. [laughter] >> to the vo

. >> i bet dave warren will help too. wow. gie destiny was mr.ecting the perfect toy at an amazing price? of course not. he's a dog. but that's the beauty of a store full of surprises. you never know what you're gonna find, but you know you're gonna love it. whawhat does it feel like?ke? fearless is a little different for us all. find yours with a medicare plan from independence blue cross. plans with routine vision, dental, chiropractic and podiatry coverage. and free silversneakers fitness coverage. so call now for your free independence medicare answer booklet. and get the support to find the answers, to every fearless question. independence blue cross live fearless. >> live look from wilmington, delaware where viewing will be taking place shortly for lieutenant christopher leach. lou tenant leach killed in a fire over the weekend, along with senior firefighter, jerry fickes. the viewing will take place at saint elizabeth catholic church in wilmington, it is scheduled to begin at 10:00 this morning folds by a funeral mass, at noon, and you can

senator elizabeth warren accusing him of, quote, gutless leadership. our mary bruce chasing him down >> reporter: mr. stumpf, will you take back compensation? will you resign? >> he did not reply. wells fargo was fined $185 million earlier this month. >>> a major breakfast recall. kellogg's pulling cases of eggo n nutri-grain whole wheat waffles off the shelves for a possible listeria contamination. the packages were distributed in 20 states with a use by date of november 21st and 22nd of 2017. more on our website. >>> when we come back here, the mom on the sidelines, wanting to know if her little guy was about he does, in a moment. when a moment turns romantic, why pause to take a pill? or stop to find a bathroom? cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in

warren christopher apparently said to al gore, mr.ion will say more about you than it does about the person you're selecting to be your running mate. and if you select senator edwards, you will have to explain to the american people why you're taking a person who two years ago, was practicing law in north carolina and you're putting him second to the most powerful governmental position in the world. and apparently that turned the conversation. >> can you tell me what it was like serving as vice president when he got sick at the japanese dinner, where he's incapacitated? >> i get a call from sam skinner about 4:00 in the morning. and he says, we've had a problem in tokyo. the president passed out at dinner. 30 seconds later, barbara bush is on the line. i said, barbara, what the heck is going on over there? she says, oh, he overdid it. i told him not to play an extra set of tennis. he's fine, she's got the flu. she said, don't worry about it. >> she was the real second in demand, right? >> exactly. >> do the voters have a right to know