Letter | Elizabeth Warren Pushes Feds For Answer On Big Bank Enforcement

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Letter | Elizabeth Warren Pushes Feds For Answer On Big Bank Enforcement

Letter | Elizabeth Warren Pushes Feds For Answer On Big Bank Enforcement

Lets see what they say because these criminals were their clients!


HuffPO-

Sen. Elizabeth Warren (D-Mass.) raised the stakes of her quest to find out why a single Wall Street bank has not been prosecuted in the aftermath of the financial crisis Tuesday, sending a letter to the heads of three federal agencies.

Warren, a member of the Senate Committee on Banking, Housing & Urban Affairs asked Attorney General Eric Holder, current Securities and Exchange Commission Chairwoman Mary Jo White and Federal Reserve Chairman Ben Bernanke whether they had done any cost-benefit research into prosecuting a bank versus settling with one, which is equivalent to a slap on the wrist for a profitable financial institution.

“Have you conducted any internal research or analysis on trade-offs to the public between settling an enforcement action without admission of guilt and going forward with litigation as necessary to obtain such admission and, if so, can you provide that analysis to my office?” Warren said in the letter.

[HUFFINGTON POST]

[ipaper docId=141452673 access_key=key-29d15sx1t1zy2ghjzoxf height=600 width=600 /]

image: AP

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One Response to “Letter | Elizabeth Warren Pushes Feds For Answer On Big Bank Enforcement”

  1. Sarah says:

    Oh good, a question for the SEC and the Justice Department. Didn’t Lanny already answer that as best he could by doing nothing at the Justice Department and then returning to CB for 4 million per year? Schapiro heard no evil as well, litigating wasn’t “efficient” or something like that. Even with these stooges gone, what’s changed that will give Warren a better answer?

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