Former FDIC Chair: Wells Fargo Will Pay for Some Time

The transcript discusses the resignation of a bank CEO amid misconduct allegations, comparing it to past financial scandals. It highlights public sentiment and accountability, with a focus on Senator Warren's role in advocating for financial accountability. The challenges faced by Deutsche Bank due to its unstable financial model are examined, along with discussions on whether large banks should be broken up or regulated differently. The conversation also touches on the need for increased capital levels and the potential return of a modern-day Glass-Steagall Act.

What role does Senator Warren play in the context of banking accountability?

What are the potential consequences of raising capital levels for banks as discussed in the text?

How does the speaker view the effectiveness of breaking up large banks like Wells Fargo?