Elizabeth Warren interview on Stress Tests for banks

[slipslidingaway]

She was also on with Jon Stewart tonight and the video should be available tomorrow.


'Bailout Watchdog' Elizabeth Warren: More Accountability Needed From Bailed-Out Banks (Video)

http://www.wowowow.com/money/bailout-watchdog-elizabeth...

"...The Obama administration wants to disclose the financial conditions of the 19 biggest banks in the country, and details of the so-called "stress tests" being done, The New York Times reported today. The hope is that more transparency will boost consumer and banker confidence.

"I am so delighted they’re going to publish the numbers," she said, although she lamented that even she has not seen the details of the stress tests. She only knows what she reads in the media.

"I want to look at the stress test myself — I want to make sure it’s not a 2 mile per-hour walk on the treadmill," Warren added. "We don’t know the details. If we haven’t learned anything else, we’ve learned that in the money area, details are important."

It’s also vitally important Americans be kept informed of how their taxpayer dollars are being used, she said. If they’re not, then "the decisions that are made, will not be the best made for them."


Watch Warren’s interview below:

**see link above**