Sen. Warren Asks Regulators About Effectiveness of Enforcement Actions

[DeSwiss]

Senator Elizabeth Warren·Published on Feb 6, 2014

Sen. Elizabeth Warren's Q&A at a February 6, 2014 Banking Committee hearing on "Oversight of Financial Stability and Data Security."

Panelists include: The Honorable Mary Miller, Under Secretary for Domestic Finance, U.S. Department of the Treasury; The Honorable Daniel Tarullo, Governor, Board of Governors of the Federal Reserve System; The Honorable Martin Gruenberg, Chairman, Federal Deposit Insurance Corporation; The Honorable Tom Curry, Comptroller of the Currency, Office of the Comptroller of the Currency; The Honorable Mary Jo White, Chair, Securities and Exchange Commission; and The Honorable Mark Wetjen, Acting Chairman, Commodity Futures Trading Commission.

- The next President if we know what's good for us.

[2banon]

1. K&R'd

[dougolat]

2. In other words - he got them off so lightly the company rewarded him, richly!

They still have most of the ill-gotten gains, and nobody is going to jail.
Win, win: the fines amount to a modest tax payment.

[Scuba]

3. "The next President if we know what's good for us."

And seemingly the only Democrat in Washington who gives a damn about banking fraud.