Vicars built on the backs of slaves how much does britain oh in reparations millions pulled out of poverty tour in the commodity boom the pandemic could wipe out latin americas hard earned social and economic gains. Plus why a card and its new billions the german tax darling that wasnt all that was made out to be. The toppling of slave owner edward causton statue amid the black lives matter protesters race among comfortable questions about britains role in the slave trade questions live whether britain should pay reparations for more than 200 years of free labor the transportation of more than a 1000000 africans as part of the triangle trade helped build the british economy the bank of england lloyds of london and some universities have acknowledged their links to the slave trade so how much should britain pay is a way of compensation when brew. And ended slavery the government compensated slave traders with a share of 20000000. 00 pounds or 21000000000. 00 in todays money that money d
Programs and committees as well. We will take you live to the financialal services subcommittee. The subcommittee is now in order. Without objection, the chair is authorized to declare recess from the subcommittee at any time. Members of the full committee not on this subcommittee are authorized twopart is abated todays hearing. I remind you to keep your video function on at all times, even when not recognized by the chair. Numbers are recognized recommended not to mute themselves after they are finished speaking. With the regulations , staffnying hrs 965 will only use witnesses as appropriate. Members are reminded that all rules relating to order and a quorum applied to the hearing. Members are reminded that this paycheckentitled, security Economic Perspectives on alternative approaches to protecting workers pay during covid19. I now recognize myself for four minutes to give an opening statement. In february, before a pandemic was declared and the economic livelihood of americans was
[applause] so good evening Everyone Welcome to the New York Historical society as president and ceo its good to see you on a wintry night tonights program help and history is a part of the distinguished Speakers Series of like to thank mr. Swartz for his generosity which has enabled us to bring so many fine speakers to the stage. [applause] i would like to recognize the chair by executive committee and i would like to thank you for the very many things that you do on behalf of this institution. Thank you. [applause] so all of those that are with us as well with thats a sport on to support of New York Historical there will be a questionandanswer session you should have received a pencil on your way into the auditorium and they will be collected later on in the program and copies of the book would be available for purchase. We are absolutely thrilled to welcome a great friend back to the New York Historical society. Serving as us representative to the united nations, a former president o
The committee will come to order. The gentleman from texas, mr. Green, who is also the chair for subcommittee and oversight for investigations is recognized for five minutes. Thank you, madam chair. Madam chair, as a practitioner, i once represented a recipient of welfare who was charged with a crime because she made more money at a job and received some benefits from the federal government. She had to be prosecuted. A crime was alleged. If this bank, where its mu was smaller, had maybe ten employees, had engaged in this type of activity, opening fraudulent accounts, creating fraudulent credit cards, someone would be prosecuted. A small bank would have had prosecutions take place within the ranks of the person within the bank. Evidence shows that small banks have had persons prosecuted. But wells fargo created 1. 5 million fraudulent accounts. Wells fargo had over 500,000 credit cards created, fraudulently. Is it the case that if you become so big and you create such a grand scheme, th
Thank you. This hearing is entitled Holding Wells Fargo Accountable examining the roll of board of directors and that the greatest patterns of consumer abuses. Today, we received testimony from elisabeth and mr. James quigley who until earlier this weeks are as chair of the board of directors of wells fargo and companys Walls Fargo Bank respectively. Both have resigned as our call for the resignations following the release of us phasing majority statute on wells fargos compliance failures in their individual failures as Board Members. Resignations do not absolve them of their failures. Directors at wells fargo, and institutions across this country must understand that they are the last line of defense when it comes to protecting your companys shareholders, employees and customers. And while ms. Duke mystically said said, there resigned to quote, avoid distractions that would be cleared and this is not a distraction, we are examining the conduct and the dereliction of duty. Over the pas