Mr. Stumpf Goes To Washington
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 20 September 2016
⏱️ 18 minutes
🧾️ Download transcript
Summary
Democrats and Republicans come together to rake Wells Fargo’s CEO over the coals. And as Berkshire-Hathaway owns 10% of Wells Fargo, Warren Buffett’s silence on the state of Wells Fargo does not go unnoticed. Plus, two vacations stocks take their dividends in different directions and Kellogg issues a recall on whole wheat waffles.
Transcript
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| 0:00.0 | It's Tuesday, September 20th. |
| 0:03.2 | Welcome to Mark Polry. |
| 0:04.4 | I'm Chris Hill joining me in studio today |
| 0:06.1 | from Motley Fool 1, Mr. Ron Gross. |
| 0:08.9 | Thanks for being here. |
| 0:09.8 | Thank you. |
| 0:10.5 | Thanks for having me. Whatever questions I'm going to ask you. |
| 0:13.0 | Whatever questions I'm going to ask you. |
| 0:15.0 | I don't know why I'm laughing. |
| 0:16.3 | Are going to be so much easier for you to handle than the questions that are happening right now. |
| 0:22.1 | Have you listened to that? |
| 0:23.2 | Across the river. |
| 0:24.8 | As we speak, Wells Fargo CEO and Chairman John Stumpf |
| 0:28.2 | is testifying before the US Senate Banking Committee. |
| 0:31.7 | And you know how people say there's gridlock in Washington DC? |
| 0:34.4 | Yeah. People say you know the Republicans and Democrats they just can't get together on |
| 0:38.1 | anything. Let me tell you they're together. They are united in this hearing |
| 0:44.0 | and they have appropriately but he's having a bad day I think it's appropriate and they are |
| 0:48.8 | taking this guy up for a ride yeah pretty brutal Elizabeth Warren is not shy as are many of her colleagues and you |
| 0:58.1 | know I'm hearing words like you should be personally prosecuted and this is criminal |
| 1:02.3 | behavior. |
| 1:03.0 | Clearly he's getting skewered, but as we said perhaps appropriately, |
... |
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