Big bank CEOs testify before Congress at oversight of Wall Street firms hearing - 12/6/23

CEOs of some of the nation's largest banks face the Senate Banking Committee for an annual check-in amid an uncertain regulatory environment. Witnesses testifying at the hearing include: Charlie Scharf, Wells Fargo president and CEO; Brian Moynihan, Bank of America chairman and CEO; Jamie Dimon, JPMorgan Chase & Co. chairman and CEO; Jane Fraser, Citigroup CEO; David Solomon, Goldman Sachs CEO; Robin Vince, BNY Mellon president and CEO; James Gorman, Morgan Stanley CEO; and Ronald O'Hanley, State Street CEO.
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Big bank CEOs testify before Congress at oversight of Wall Street firms hearing - 12/6/23

[@thomasridley8675]

There is nothing wrong with making money. However when it becomes an unsustainable level of greed. Our entire future is in doubt.

[@garcon8552]

Always entertaining to listen to Billionaire Bankers..

[@SallyS-2024]

Thank you, Sherrod Brown! ❤

[@KM-om1dy]

Why do we put OUR money in a bank when bankers pay us measly 3% when they loan it back to our neighbor & friends at 8.5%?? The bankers didn't earn the right or privilege for us to freely give them OUR money. Not to mention why do some bank CEO's make $100M a year and charge us the "depositor's" ATM fees and over draft fees. It's time we wake up and pull our money from banks and invest our money outside a US bank. The system is playing all of us.

[@thomasridley8675]

So which part of the capitalist system do you suggest we trust with our money ? There is never an extra charge for using cash. There are places that require you to have a bank acct to sign up with them.

[@LG-rw6zf]

Good luck finding an international bank that doesn’t do the same thing or if you find one, it will go out of business and take your deposit with it. This is how banks work and have always worked.

[@Droconuss]

@@thomasridley8675 BTC its the natrual outcome of such corruption. These people will try and ban btc but they cant. good luck with that, china tried and fail. the reason BTC is even a thing is beacuse of this. its not tied to their phony games of taxation and printing. OPT OUT!

[@lastofxy1964]

Any thoughts on swiss banking or Middle Eastern non usery banking 🤔

[@jayman5692]

Put money in assets that hedge against inflation.

[@user-vc1ic5jd5j]

Thank you all understanding . Thank you, Sherrod Brown! .

[@user-lw6mb3xh1c]

Thank you all understanding 🙏

[@user-fn1wx9gh2x]

Is this live live now

[@jefferyyounce5372]

I saw a cartoon about this, and it follows: While signing in for the committee meeting the man at the desk asked what the Banker's were signing when the sign in log was on the table. One Banker proudly answered, "Checks".

[@chrisjcannady]

What a stage of crooks

[@reensure]

I'm not hearing a really good exchange of soliloquies about, for example, the disconnect between regulation, bank support for consumer lending, and credit lending rates for the ATM cards they don't have.

[@user-fn1wx9gh2x]

"That he'll have me thrown out" so i asked him with seriousness "oh yeah yoj going to throw me out?" And he corrects himself and rephrases himself "if you dont exit out the premises imma havrme to have you escorted out Luis".

[@GoogleIdentity331]

Scott licking those boots in his monumental effort to get a lobbying gig in a few years.

[@user-fn1wx9gh2x]

Ive even went into the f.b.i. building here in fresno calofirnia and spoke with two speial detective in person in the intereogation there about this sheriff deputy incident i swear

[@user-fn1wx9gh2x]

So when i left the wells fargo atm booth i felt lied to so i messaged katherine telling her off that shes a liar and just burnt me. But she told me "why did i burn her and got the money from the check." But i didnt get no money out the booth just returned the check without no recipt either

[@user-fn1wx9gh2x]

And he tells me "oh well sorry luis at the moment i wouldnt be able to cash this check for you"

[@user-fn1wx9gh2x]

They didnt even give me a case number or reached out back to me on me wantjng my full police report

[@geeseylynn]

We wait FOREVER for our purchases to come from overseas per shipping! What happened to our Air Freight?

[@keatongroom]

I love Mr Kennedy, he's like a father scolding kids 😄. We need guys like that though

[@michaelm7299]

Apologies for the delay, but it seems you were unaware that Senator Kennedy was using sarcasm and rhetoric to express favor and sympathy for the big banks. His tone might have been hypnotic in suggesting some other intent, but he was clearly and exclusively stampeding to the defense of robber-baron financial institutions, as best an old paid-off man can

[@shermanmartin2751]

GREED….enough said

[@user-cb7wk1zs5s]

Ask how much leveraged derivatives they have in silver and gold and whether they are manipulating the prices of Gold and Silver

[@user-fn1wx9gh2x]

Because i remember in the wells fargo wanting to cash this 5500 dollar check under my nane from M&T banking that i deposited into thr atm booth and it asked if the 5500 dollar amount on the screen is correct so i clicked yes

[@user-fn1wx9gh2x]

So i asked him "but why?" And he simply says "uhh because unfortunately it comes frkm a non existing bank."

[@rafaelferran1326]

This all sounds great, but who is holding our government responsible for careless spending and investment..

[@colin6203]

Politicians show people they did something minimum before the storm😂. It's a show to the voters. There is no serious audit system, no consequence for anything. Storm will come that's only reason they are doing this. I am curious why bankers need to listen to these politicians. They lobby them.

[@SallyS-2024]

Investment in infrastructure and business opportunities like the CHIPS Act is better than low taxes for the wealthy. Feeding the poor and helping everyone with healthcare should be and are Federal government priorities. The wealthy have duped ordinary people into supporting billionaire welfare.

[@Jerad-xz9db]

@@colin6203this actually makes sense 😂

[@Droconuss]

money printer go brrrrrrrrrrr

[@user-fn1wx9gh2x]

I reported this law enforcement misconduct

[@user-fn1wx9gh2x]

And this i remember in my brain like the palm or lije the back of my hand

[@user-fn1wx9gh2x]

So he asked you sure you dont want to deposit it in intk with youre bank card and i kept saying no i just want to cash it, but its cause i dindnt notice the wells fargo bank card in my left hand

[@user-fn1wx9gh2x]

So by the next day it was already in a processor getting shut Down with no reason for it. But he said the next day after I bearly made it back to the bank before it closed on "Why my account is locked or won't let the consultant make a dposit?"

[@patricks8364]

16:48 nice group picture

[@lastofxy1964]

Who else remembers 2008 when the banks were bailed out 🤣 🎉 if only people knew about fractional reserve banking 🤫

[@kamman1374]

That money was paid back, you simpleton.

[@EndTheIMF]

Biggest bank failure, Washington Mutual Then jp morgan buys their assets for discount. Carefully contrived and calculated while average Americans only pay attention to their day to day. End Federal Reserve and the IMF

[@cblairrrr2048]

​@@EndTheIMFthis comment was shadowbanned

[@jetstream3528]

What a joke

[@NupeAtl]

Ofays

[@user-fn1wx9gh2x]

And that if the bank in there that opened it up wanted to close it tht they got the right to and if the closed my account that they are not obligated to tell me why either

[@user-fn1wx9gh2x]

She calls out a little loud "Hey Johnathan?"

[@user-oe2on3jt4l]

What's is this !!!!😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂

[@user-fn1wx9gh2x]

So i asked him "not existing bank?" And he says yes this M&T bank doesnt exist... But how can he say that when M&T Banking is commected with NOBLE CREDIT UNION BANK

[@geeseylynn]

FIX THE SHIPPING TRADE PLEASE!

[@GregNow]

1:15:42 😂😂😂 after an hour of listening from guys who know what they are talking about how the business works and what can be done, some unqualified, educated as lawyer says, “ I don't think it will cost interruptions that you anticipate…” Hahaha then he says there are people borrowing at 36% because you are not banking them. Which likely would not qualify for a loan because the regulations that put procedures in those banks that likely would deam them as ineligiblefr a loan. Stupidity of statements and what's worst questions being asked is just shocking….

[@gulnararzayeva7206]

They pretend to be naive.

[@user-fn1wx9gh2x]

Back and forth he kept putting the check in then squinting his eyes unto the computer screen infron of him

[@victoriacooper6892]

Everyone looks doomed, lol

[@user-fn1wx9gh2x]

Then i noticed that female to the far right of the counter there start getting nervous somewhat by her body movements then thats when this gets really JUICIER THAN JUICY.

[@user-fn1wx9gh2x]

And that what i submitted my clmplain about is out of there scope radar and what i hould go forward with is going through with a crkminal charge

[@user-fn1wx9gh2x]

Without the check in my hand it was still on the floor driveway still but umm even few more people started flowing in behind me and none of them said nothjng to me about my check being on the floor

[@Ava10045]

Hope Mr. Dimon is alright :)

[@EndTheIMF]

end tbe Federal Reserve and IMF

[@user-fn1wx9gh2x]

Okay look at it now

[@geeseylynn]

How can we afford a House? We are only allowed jobs with minimum wage!

[@user-fn1wx9gh2x]

About how much times × smarter the A.i. brain in growing more and more on solving problems on wisdom on everything basically right???

[@user-fn1wx9gh2x]

Then he hanged up and called ythe guy inside the secure lobby part of the bank

[@user-fn1wx9gh2x]

And he tells me with a shmurk on his face "oh is unlimited Pelayo it's limitless what you want to deposit"

[@user-fn1wx9gh2x]

But how withoutno money

[@user-fn1wx9gh2x]

Saying explaining to me that they "That they aint close ir report my bank of america account"

[@user-fn1wx9gh2x]

On our 6th year anniversary i got thrown out like a dogg

[@user-fn1wx9gh2x]

Becausd before i walked in in that wells fargo i had dropped on accident the check out my hanx right on the middke of the outside driveway of the bank

[@WallaceRodgers-Catman]

Afraid to have funds transferred now!

[@user-fn1wx9gh2x]

Even to the fdic

[@user-fn1wx9gh2x]

But yea in line i was for like more than a minute

[@geeseylynn]

ALL YOU DO IS LISTEN TO EACH OTHER JABB!

[@henryarcher5707]

Can we have AI calculate the risks for the government. It can allow them to see when an institution is heading into the red and intervene.

[@4lugan]

As a mexican businessman who is about to get his American investor’s visa, and therefore will get my social security number I’d like to ask - lower interest restes would be benefitial for me? I could take a loan and buy properties? Right?

[@kwell2307]

You can't get a loan for just a plot of land but possibly for a house on the land. It's likely only worth it if you invested in multihome. Single family homes pose high risk and can leave you rekt.

[@user-fn1wx9gh2x]

So he actually performed a emergency bacterial infection extraction that same day i went in at the 10th day at home trying to let fix on its own

[@user-fn1wx9gh2x]

And earlh warning systems doesnt show nothing of what happened to my money frkm the check 5500 that i deposited kn the atm booth and went in in person with a teller to cash it

[@charlievardar1330]

Why not face the reality - if you have the same type of clients as SVB had - no amount of money will be enough. More for more reference you could check the term "credit millionaires", in Bulgaria., 1990s.

[@user-fn1wx9gh2x]

But he then brushed me off kinda when i told him all the details of my invention

[@user-fn1wx9gh2x]

Oh and thats where that 5500 dolar check came from kn the postal service from Atlanta Georgia

[@user-fn1wx9gh2x]

I never harrased him at all

[@user-fn1wx9gh2x]

One day i went in the bank and passed up the seurity gaurd didnt say nothing he walked out the front door

[@basho604]

Man I despise Elizabeth Warren so much

[@user-fn1wx9gh2x]

I think ive still got the video recording of me going into that f.b.i. building talking explaining to them about my concern on this illegal police sheriff over abuse of power

[@thomasgerding730]

Im confused so these senators don't stay the whole time, they just come in get their sound bites and dip?

[@user-fn1wx9gh2x]

Because it's funny how he closed my account the day after or the same day I just went in the bank in person with a teller to deposit 25 dollars I nearly had so they wouldn't close it by surprise but what I did was tell Johnathan Valencia why I asked what's the limi I can deposit into my account?

[@geeseylynn]

Please help our contractors set up a retirement fund?

[@wHaTsThIsThInGdO]

Is this the hearing where congress tells this guy you don't get to keep your money after running your bank into the dirt nobody feels sorry for you and you can't be hired for 2yrs? Recoup act?

[@user-fn1wx9gh2x]

Until he seen what was in my hands which was jut my leather black binder and pprs and cellpone recording this interaction upside down on my folder

[@timothygreen6058]

Because of the dollar on the stock price and make sure you get the market piece of the portfolio investment money. Of TD Ameritrade insurance.

[@user-fn1wx9gh2x]

My bottom jaw was never gooing to repair on its own. The next doctor TOLD me which tested the infection bacteria out the side of my mouth because it was inlaned swollen hella building up almost to turning to Gangrene

[@user-fn1wx9gh2x]

Then that daniel guy came out and already like knew what to answer for him

[@keatongroom]

Correction: South Africa has the best financial services and banking system. You guys still use cheques and have a lack of technology

[@user-fn1wx9gh2x]

And it acted like it was depositting into my account but just opened the door and gave me my 5500 dollar check back

[@user-fn1wx9gh2x]

At time where the phone was more to his side of the des0k wher0e i dont know w0hat and what he pressed in it as his other hand was doing other things on hiscomputer screen for a bit

[@ginyilee6538]

Isolate bank failure??? We have 3 large bank failed. And if the fed did not step in, there will be more bankruptcy and the domino effect ripples through the economies… and you have the audacity to tell us that the bank withstand the crisis…

[@user-fn1wx9gh2x]

Katherine has even sent me a photo of my bank of america account with the 3,368,000 from FTI Consunlting in 88 pine in new york

[@user-fn1wx9gh2x]

So thats whybsince then i believe johnathan valencia was there too before the bank of america

[@user-fn1wx9gh2x]

I was destrut sad Mad when I walked out about to cry cause then I thought man this girl is lying to me

[@user-fn1wx9gh2x]

But as that one was going to close on some other frauds i called in to repott it int me so they let me open up anothef chase account and that next one i opened it up with just .25 cents yo.

[@user-fn1wx9gh2x]

I❤wnt straight to his desk upset sat down infrint of him and said "whh you vlose my bank account johnathan?" I even have it video recorded in my hoogle photos

[@user-fn1wx9gh2x]

But i did notice the rude lady in wells fargo andothers like that one johnathan giggle and laugh

[@user-fn1wx9gh2x]

My 14 year old daughter now be kept from me Danny Elliot~Grace Burciago~Pelayo

[@user-fn1wx9gh2x]

Oh and i got letters proofs of how they even opened an acvount at wells fargo with my out of date medical card

[@user-fn1wx9gh2x]

And what about the sheriff deputy who broke my mandible into pieces on 6/17-18/ of 2018 in fresno ca badge#A-832. Wherd i ended up being dropped off at the E.R. for free out of the jail pod with no police no handcuffs

[@user-fn1wx9gh2x]

That shes not playing games and that they should retrieve back my account when i ho in and ask them to. But they dont they say its lovked and try to re open one up but gotta make appointment

[@user-fn1wx9gh2x]

He seen what i had and wentbfof the phone instead 😊

[@rubytuesday9319]

what an embarrassment fetterman is.

[@user-fn1wx9gh2x]

Oh and this bank of america would not print me out full statements on my account

[@SallyS-2024]

Senator Daines, embrace clean energy. Stop being a spokesperson for oil corporations. The planet is burning, and catastrophic flooding hurts businesses as well as ordinary Americans. Change your allegiance, Senator Daines. Do the right thing.

[@user-fn1wx9gh2x]

Safer banking app is the one johnathan

[@user-fn1wx9gh2x]

❤so he looked hell❤a❤ shocked shaked a little then i think he was reaching for a gun in his drawer

[@enjoy-ly7zw]

Yet another reason

[@user-fn1wx9gh2x]

But k tolf him " oh nah nah i just want to cash it please" o he said okay and started it inthe check reader machine

[@skol_RL]

"Big bank CEOs" A title that will soon be shelved next to "Railroad barrons", "Horse carriage manufacturers" and "Kerosene Tychoons"

[@WallaceRodgers-Catman]

They are not even addressing the topic! CONSUMER FRAUD!