This week Wells Fargo CEO John Stumpf was questioned by the U.S. Senate banking committee about a scandal in which Wells Fargo employees opened roughly 2 million checking and credit accounts without customers’ knowledge. And this is only the beginning of the story. Sam Seder explains the scandal with the author of the book, The Best Way To Rob A Bank Is To Own One, Professor William Black.

Subscribe to the Ring of Fire podcast to hear the second half of this interview!