>> Think the sacking of Wells Fargo CEO John Stumpf is enough to quell the growing furor in Washington and Main Street over misbehaving banks? Think again.>> The only way that Wall Street will change is if executive's face jail time.>> Senator Elizabeth Warren, who rode to prominence in an anti Wall Street crusade, tweeting a bank CEO should not be able to oversee a massive fraud and simply walk away to enjoy his millions in retirement.
Reuters breaking news columnist Anthony Curry says that's an indication of where the fight goes next.>> I think the first thing she's gonna do is try and focus on getting John Stumpf to pay back even more money. Right, and there's a chance that'll happen, there's no employment contract for him at Wells Fargo.
So he has probably 100 million or so of stock that's already vested. She could push for the board to claim back more of that if she wants to.>> And she's not alone. Both sides of the aisle showing outrage that a mom and pop bank would essentially steal money from customers by opening bogus accounts.
For Democrats, who've wanted to break up big banks and stop too big to fail every since the financial crisis, the Wells Fargo scandal plays right into their hands.>> Problem is everytime we get to the point where we think banks are no longer doing anything wrong, something else comes along to remind us that there's still a problem.
>> So where does that leave those who've tried to stop Wall Street reform?>> Even Republican who believes that big banks should remain big banks, there's no way you can ignore the huge numbers that have come out of this Wells Fargo scandal. It's a five year scandal and possibly extends back way beyond 2011.
5,300 bankers were fired as a result of it, and 2 million fake accounts possibly were created. There's no way you can avoid that and just sweep it under the carpet as a politician. You have to stand up and be counted.>> Other bankers, beware. Lawmakers have already warned, they think aggressive selling tactics are rampant in consumer banking and intent on digging until they've found an answer.