Elizabeth Warren Presses Financial Regulators: Why No Trials for Wall Street?
At a Senate Banking Committee hearing on Thursday, Sen. Elizabeth Warren (D-MA) asked the nation’s top financial regulators why Wall Street firms who broke the law were not taken to trial.
“We face some very special issues with big financial institutions,” she said. “If they can break the law and drag in billions and billions in profits, and then turn around and settle — paying out of those profits — they don’t have much incentive to follow the law. It is also the case that every time there is a settlement and not a trial, we didn’t have those days and days and days of testimony about what those financial institutions had been up to.”
I hope to see a day when Elizabeth Warren is the President of this country.