Russell Waters
The Public Record
What we need is a real investment in affordable housing programs, not senseless budget cuts.
I have been around for quite some time and I can recall the days when we had many public hearings on proposed mergers.
In the last decade, Wells Fargo alone paid more than $11 billion in fines, but has raked in over $197 billion in profits.
I believe that we should seek to confirm and quantify the expected impact on these groups before implementing an accounting rule that has material real-world consequences.
I want our witnesses to know that Congress is paying careful attention to your actions, and we will not tolerate actions that threaten the stability of our financial system.
For some time, I have voiced concerns that the fines levied by our regulators against megabanks that break the law ultimately just amount to the cost of doing business for these institutions and do not effectively lead them to change their…
In the last 10 years, the U.S. Global Systemically Important Banks, that is the G-SIBs, have collectively paid at least $163.7 billion in fines for consumer abuses and other violations of the law.
I am so proud of you and your courage. I am so proud that a woman who could enjoy all of the privilege that she would want to enjoy would have the compassion and the commitment to go public and to come before this committee and tell the…





