IN THE HOUSE OF REPRESENT TIFLZA RIGHT NOW UNDER DEMOCRATIC
CONTROL.
CONTROL. IF THE DEMOCRATS TOOK CONTROL
TWO YEARS FROM NOW, MITCH
McCONNELL WOULD BE WATCHING FROM
THE SIDELINES EVEN IF HE DID
MANAGE TO RUN FOR RE-ELECTION.
AND WHAT HAPPENS IN THE HOUSE OF
REPRESENTATIVES IS THAT THE
FRESHMAN MEMBERS ON THE
DEMOCRATIC SIDE OF THE HOUSE
HAVE CHANGED EVERYTHING.
ONE OF THE NEW STARS OF THE
FRESHMAN CLASS AND THE HOUSE OF
REPRESENTATIVES WILL JOIN US IN
A MOMENT.
A MOMENT. SHE HAS ALREADY MASTERED THE
VERY DIFFICULT ART OF HAVING A
REAL IMPACT IN THOSE FIVE
MINUTES OF QUESTION TIME THAT
SHE’S ALLOWED IN HOUSE HEARINGS.
BETTER THAN DEMOCRATIC
CONGRESSWOMAN KATHERINE CLARK OF
MASSACHUSETTS.
MASSACHUSETTS. AS A MEMBER OF NANCY PELOSI’S
LEADERSHIP TEAM, KATHERINE CLARK
IS A MEMBER OF THE HOUSE CHAIR
OF DEMOCRATIC CONGRESS, AND THIS
IS WHAT SHE SAYS ABOUT HER NEW
FRESHMAN MEMBERS.
FRESHMAN MEMBERS. >> I DO THINK THE FRESHMEN HAVE
CHANGED EVERYTHING.
CHANGED EVERYTHING. >> THOSE FRESHMEN GOT A CHANCE
TO CHANGE EVERYTHING BECAUSE
VOTERS SENT THEM TO CONGRESS TO
CHANGE EVERYTHING, AND
EVERYTHING THEY HAVE CHANGED HAS
BEEN BAD FOR DONALD TRUMP AND
THE TRUMP ADMINISTRATION.
>> THOSE FRESHMEN HAVE DELIVERED
US THE MAJORITY.
WE ARE NOW ABLE TO HAVE THE
INVESTIGATIONS THAT REPUBLICANS
REFUSE TO LOOK AT, REFUSE TO
TAKE UP, AND TO DO OUR JOB AS
LAID OUT IN ARTICLE I.
SO, YES, I THINK THEY HAVE
CHANGED EVERYTHING AND HAVE
GIFRENGIFR
GIFRENGIFR GIVEN US THE TOOLS WE NEED TO BE
ABLE TO HOLD THIS ADMINISTRATION
ACCOUNTABLE.
ACCOUNTABLE. >> WE ARE SEEING DRAMATIC
MOMENTS IN HEARINGS NOW
ROUTINELY THAT WE USED TO SEE
ONCE OR TWICE IN A DECADE IN THE
PAST THE WAY THE CONGRESS
WORKED.
WORKED. MEMBERS OF CONGRESS COMING TO
THE HEARINGS NOW PREPARED AND
READY TO HOLD WITNESSES
ACCOUNTABLE AND TO DO IT IN AS
POINTED AND DRAMATIC A WAY AS
YOU CAN AND AN OTHERWISE
CONFINING SETTING OF A HEARING
ROOM.
ROOM. TODAY THE ACTION WAS IN THE
HOUSE FINANCIAL COMMITTEE.
THE ONE QUESTIONING WAS THE CEO
OF WELLS FARGO.
WELLS FARGO HAS PAID $12 MILLION
IN SAVINGS SINCE THEY OPENED
MILLIONS OF ACCOUNTS WITHOUT
CUSTOMERS’ KNOWLEDGE AMID
CUSTOMER ABUSES.
CUSTOMER ABUSES. THE YOUNGEST WOMAN EVER ELECTED
TO CONGRESS CAME TO ALL THE
HEARINGS TODAY, AS SHE HAS SO
FAR, READY TO CHALLENGE A
WITNESS IN A WAY THAT
REPUBLICANS NEVER WOULD.
SHE FOCUSED ON WELLS FARGO’S
FINANCING FOR THE DAKOTA ACCESS
PIPELINE THAT THE OBAMA
ADMINISTRATION SUSPENDED
ADMINISTRATION SUSPENDED CONSTRUCTION OF AFTER THE SIOUX
TRIBE CHALLENGED THAT PROJECT IN
COURT.
COURT. THE TRUMP ADMINISTRATION,
IMMEDIATELY AFTER TAKING OFFICE,
ALLOWED THE PROJECT TO GO
FORWARD WITH FINANCING FROM
WELLS FARGO.
WELLS FARGO. >> HYPOTHETICALLY, IF THERE WAS
A LEAK FROM THE DAKOTA ACCESS
PIPELINE, WHY SHOULDN’T WELLS
FARGO PAY FOR THE CLEANUP OF IT
SINCE IT PAID FOR THE
CONSTRUCTION OF THE PIPELINE
ITSELF?
ITSELF? >> BECAUSE WE DON’T OPERATE THE
PIPELINE.
PIPELINE. WE PROVIDE FINANCING TO THE
COMPANY THAT’S OPERATING THE
PIPELINE.
PIPELINE. OUR RESPONSIBILITY IS TO ENSURE
THAT AT THE TIME THAT WE MAKE
THAT LOAN, THAT THAT CUSTOMER --
AND WE HAVE A GROUP OF PEOPLE IN
WELLS FARGO, INCLUDING A VIRAL,
MENTAL OVERSIGHT GROUP HEADED BY
ONE OF MY COLLEAGUES WHO USED TO
BE AT DPDA --
>> DIDN’T WELLS FARGO FINANCE
THIS PIPELINE WHEN IT WAS WIDELY
SEEN TO BE ENVIRONMENTALLY
UNSTABLE?
UNSTABLE? >> THE REASON WHY WE WERE ONE OF
THE 17 OR 19 BANKS THAT
FINANCEsEDFINANCEsD
FINANCEsEDFINANCEsD THAT, IS BECAUSE WE CONCLUDED IT
WAS A RISK WE WERE WILLING TO
TAKE.
TAKE. >> SO THE ENVIRONMENTAL IMPACT
TEAM AT WELLS FARGO SAID, GO
AHEAD, TAKE THE RISK.
KATIE PORTER PURSUED ANOTHER
LINE OF TOUGH QUESTIONING IN
THAT HEARING TODAY.
SAME KIND OF QUESTIONING YOU’VE
SEEN REPEATEDLY.
SEEN REPEATEDLY. WE SHOWED YOU DIFFICULT
QUESTIONING, INCLUDING THE
QUESTIONING OF A TRUMP OFFICIAL.
KATIE PORTER IS THE FIRST
DEMOCRAT IN HISTORY TO BE
ELECTED TO REPRESENT
CALIFORNIA’S 45th CONGRESSIONAL
DISTRICT IN ORANGE COUNTY, A
COUNTY THAT NORMALLY VOTES
REPUBLICAN.
REPUBLICAN. TWO OF OUR PRESIDENTIAL
CANDIDATES HAVE HAD A HAND IN
THE DEVELOPMENT OF SHORTER
SHOERD.
SHOERD. >> SHE APPOINTED KATIE PORTER TO
BE THE STATE’S INDEPENDENT
MONITOR IN BANKS WITH A $25
MILLION LEDGE TO BUSINESSMEN.
SENATOR ELIZABETH WARREN WAS A
PROFESSOR OF KATIE PORTER’S WHEN
KATIE WAS A STUDENT AT PORTER
LAW SCHOOL AND EVENTUALLY BECAME
A COUNTRY FSO.
IT WAS FROM HER POSITION AS A
LAW SCHOOL PROFESSOR THAT SHE
DECIDED TO RUN FOR OFFICE.
>> IF YOU WERE WASHING LAST
NIGHT, YOU SAW CAN YOU SAY TIN
POR KEKE ASSESSMENT BUREAU, BHOD
NEVER HAD LD.
A SMALL LITTLE BOY OF FUSION
THAT THE KOOSH
RIGHT IN.
RIGHT IN. TIMOTHY SLOANE.
TIMOTHY SLOANE. >> IN 2016, YOU SAID, QUOTE, I’M
FULLY COMMITTED TO TAKING THE
NECESSARY STEPS TO RESTORE OUR
CUSTOMERS’ REQUESTS.
CUSTOMERS’ REQUESTS. QUOTE, WE’VE ALREADY MADE
PROGRESS IN RESTORING THE
COMPANY’S THRUST, AND WE’VE
REMAINED BEING CO MITTED TO AID
NUS QUOTE, RESTORING THE TRUST
AND THE TRUST OF ALL OUR STAKE
KEYHOLDERS ARE A PRIORITY.
>> THO STATEMENTS TO ME ARE
PRETTY VAGUE.
PRETTY VAGUE. THEY SOUND LIKE THEY’RE AFRAID
BEFORE THE, MR. SLOAN?
>> SO IT’S SAFE THAT IS THAT THE
STATEMENTS YOU SDMAD CUSTOMERS
AND INVESS DORZ RELY ON SEVEN
TECH.
TECH. THEN.
THEN. >> MR. SLOAN, ARE YOUR LAWYERS
IN FEDERAL COURT AURG EWING THAT
THE EXACT THAT’S I LELD.
>> I DON’T KNOW WHY OUR LAWYERS
ARE ARGUING YET U. ASKED ME A.
YOU ASKED ME A DIRECT QUESTION
AND I’M SAYING IT’S ABSOLUTELY
CORRECT.
CORRECT. >> ARE YOU LYING TO A FEDERAL
JUDGE, OR ARE YOU LYING TO ME
AND THIS CONGRESS RIGHT NOW AS
TO WHETHER WE CAN RELY ON THOSE
STATEMENTS?
STATEMENTS? >> NEITHER.
>> NEITHER. >> IT’S CONVENIENT FOR YOUR
LAWYERS TO DEFLECT BLAME IN
COURT AND SAY THAT YOUR
REBROWNEDING CAMPAIGN HAS BEEN
FOORED.
FOORED. ONE OF THESE CONSPIRACY.
I THINK THAT’S THE DISCONNECT.
IT HAS TROUBLE TESTING WORLD
FARGO THAUCHLT CONGRESSMAN IS
JUNING IN THE SAME RAIN.
I KNOW WHEN THE MOST FRESHMEN IN
THE HOUSE ARE TOLD, AFTER
WAITING IN A HEARING ROOM WHERE
SOME ARE BEING TOLD WHAT
QUESTIONS BEFORE YOU’LL HEAD OFF
INTO THE.
INTO THE. THEY DON’T DO MUCH TO MAKE SURE
THEIR CONSTITUENTS SAY SOMETHING
YOU WANT TO HEAR, BUT THEY DON’T
BOTHER WITH IT BECAUSE THEY
DON’T KNOW THAT IT HAPPENED
WITHIN FIVE MINUTES.
>> CULL OFF TRUMP
ADMINISTRATIONS LIKE THAT.
>> I THINK I DID.
FROM BEING AN AHN.
ARE THEY PREPARED FOR CLASS?
HAVE THEY MASTERED THIS CONCEPT.
I THINK NOW THEY’RE ASKS THESE
SERVICES.
SERVICES. ACTUALLY REAL ESTATE GOOD FOR
FRPGS FOFR CON ZES SDPLZ I’VE
LD.
LD. >> YOU’RE TAKING THOSE SERIOUS.
SOMETIMES YOU WILL HAVE TWO
CLEARING DETAILS FUNDRAISING AND
SPENDING A TREMENDOUS AMOUNT OF
OUR DAYS FUNDRAISING.
IT SEEMS THIS CLOCK MAY NOT BE
THERE ARE REAL CONCERNS ABOUT
WHAT’S HAPPENING IN WASHINGTON.
HOW CAN WE DRAUD.
SO TOOLS THAT WE EVER TO.
LISTENING TO WITNESSES.
I FEEL FORTUNATE THAT I COME IN
WITH A BIG BINDER.
I READ TWO OR THREE AN
PARTICULARS EXCEPT HAPPY.
>> WHAT NOT FOMG EP, THE SPRIK
MUCH MUCH AS A MEMBER OF
CONGRESS, AND BN THE STAFF WORLD
OF CLIENTS, THAT’S THE TAETLY
THE.
THE. >> AND IN GENERAL SNOOT OR HOW
MEMBERS.
MEMBERS. WE TEXTED YOUR OWN TEXTBOOK WHO.
>> NO, I THINK THAT’S WHY HE
CAME, AND HE CAME TO THE FRESH
DID KNOW OPINION IT.
WHETHER IT’S WORKING A JOB IN
FINANCE, WORKING IT’S ECHB,
WHATEVER IT IS, THAT REESH
ENGAGE WITH WHAT’S GOING ON.
>> I CAN’T.
HE WANTS TO GIVE ME THE LOOK OF
OUG
OUG OUG.
OUG. >> THE EUROPE COMMITTEE HAS
MARKED THAT UTES USE SFMPLS AND
ON THE EXAMINATION OF DEUTSCH
BANK IN RELATION TO INTERESTING
AND CLEARED THAT IT
TRANSFERABLE.
TRANSFERABLE. I’M DEFINITELY GOING TO COME
READY WITH QUESTIONS WHEN IT
HAPPENS.
HAPPENS. I THINK WE’LL SEE THE DLAEJ TO
BUY.
BUY. THEN AT THE, A REALLY IMPORTANT
PART OF THE SDERNZ WE HAVE FROM
THIS DISDRIT
THIS DISDRIT FROM THIS DISDRIT
SHE GAVE AN INTERVIEW THAT WAS ACTUALLY GIVEN TO THE
"WASHINGTON POST" LEAK AND IT RE
REHEIR SPOL.
REHEIR SPOL. CHBT ONLY THAT, BY PATTERSON
SBTS IN EAT.
.
. AND CAN EX HUDS CONFIDENCE IN
THE SPEAKERER DMOR BHAT TAKING
EM EYE, NONPROHOSTE.
>> BUT I THINK IT WAS BRAVE
ENOUGH HE HAD A DUTY TAKE WHAT,
THEY LOOKEDLY BASH FOR-BUT YOU
ARE TEACHING HESHTS TO THERE