Confusion Abound as Wall Street Takes the Hot Seat

The video covers a hearing involving CEOs and lawmakers, focusing on the Rooney Rule's application in banking. The hearing was marked by confusion and disjointed questions, leading to limited useful outcomes. Contentious moments included discussions on diversity and CEO compensation, with reactions from both sides. The format of the hearing was criticized for its ineffectiveness.

What was the main issue with the format of the hearings involving the CEOs and committee members?

• The questions were short and led to confusion.

• There were too few committee members present.

• The hearings were held in multiple locations.

• The questions were too long and detailed.

What is the Rooney Rule originally associated with?

• Banking regulations

• NFL hiring practices

• Educational policies

• Healthcare management

How did the bank CEOs generally react to the questions about diversity policies?

• They were well-prepared and confident.

• They showed confusion and uncertainty.

• They refused to answer any questions.

• They provided detailed policy documents.

What was one of the contentious moments during the hearings?

• A representative used a whiteboard for calculations.

• A CEO walked out of the hearing.

• The hearings were canceled midway.

• The committee members started arguing.

What was a major limitation of the hearing format according to the transcript?

• The hearings were not recorded.

• There were too many CEOs present.

• Lawmakers had only five minutes each.

• The hearings were too long.