Stephen Colbert lauds Elizabeth Warren for ripping Wells Fargo CEO
The late-night host referred to the Massachusetts senator as “Alternate Universe Cool Hillary Clinton.”
https://www.youtube.com/watch?v=SQ4EDwcfjt8
Donnie Wahlberg wasn’t the only local getting some attention from Stephen Colbert Wednesday night. The Late Show host devoted a segment to the Wells Fargo financial scandal and Massachusetts Sen. Elizabeth Warren’s public upbraiding of the company’s CEO, John Stumpf.
Warren and the rest of the Senate Banking Committee held a hearing earlier this month concerning allegations that Wells Fargo opened more than a million bank accounts and applied for more than 500,000 credit cards using real customer names in an effort to boost their stock.
“Ol’ Stumpfy here stepped up and took personal responsibility by firing 5,300 low-level employees he blamed for the problem,” Colbert said. “It takes true leadership to step up and say, ‘The buck stops 5,300 other places.’”
Colbert also said that the scam ripped off customers —defrauding them of $2.4 million — and ruined thousands of customers’ credit ratings, but because Wells Fargo’s stock went up, Stumpf earned about $200 million. At that point, Colbert brought up Senator Warren, or “Alternate Universe Cool Hillary Clinton,” as he called her, and played a clip of her taking Stumpf to task during the September 20 hearing.
“Have you returned one nickel of the millions of dollars you were paid while this scam was going on?” Warren asked.
Stumpf pushed back on the use of the word “scam.”
“That was not my question; this is about responsibility,” Warren shot back.
Stumpf began to explain that the board would decide on the matter.
“I’ll take that as a ‘no’ then,” Warren said.
“She will take that as a no,” Colbert said, “and place the no in the bag where she put his balls.”
https://gifs.com/gif/elizabeth-warren-rips-wells-fargo-s-ceo-a-new-one-mZ3J4E
To comment, please create a screen name in your profile
To comment, please verify your email address
Conversation
This discussion has ended. Please join elsewhere on Boston.com