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Hillary Clinton Writes Open Letter to Wells Fargo Customers
http://www.nbcnews.com/politics/2016-election/hillary-clinton-writes-open-letter-wells-fargo-customers-n651021Democratic presidential nominee Hillary Clinton released an open letter on Tuesday to Wells Fargo customers who were the victims of "widespread illegal practices," saying she was "deeply disturbed" by revelations earlier this month that bank employees created sham accounts for personal gain.
"Our economy depends on a strong and safe banking system to help keep it moving. But even after Americans spent years working hard to recover from the Great Recession, the culture of misconduct and recklessness that preceded that crisis too often persists," Clinton wrote in the letter.
...
In the letter, Clinton also lays out her plan for addressing this type of misconduct. Specifically, she wrote that she would defend the Consumer Financial Protection Bureau and "enhance accountability" on Wall Street.
"Executives should be held individually accountable when rampant illegal activity happens on their watch," she argued. "Their compensation should take a hit if their companies pay major fines. And they must face appropriate legal consequences if they break the law."
"Our economy depends on a strong and safe banking system to help keep it moving. But even after Americans spent years working hard to recover from the Great Recession, the culture of misconduct and recklessness that preceded that crisis too often persists," Clinton wrote in the letter.
...
In the letter, Clinton also lays out her plan for addressing this type of misconduct. Specifically, she wrote that she would defend the Consumer Financial Protection Bureau and "enhance accountability" on Wall Street.
"Executives should be held individually accountable when rampant illegal activity happens on their watch," she argued. "Their compensation should take a hit if their companies pay major fines. And they must face appropriate legal consequences if they break the law."
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