comments_image Comments

Warren pushes on failure to prosecute banks

Again affirming her identity as the lawmaker trying to hold Wall Street accountable, Sen. Elizabeth Warren, D-Mass., is pushing federal agencies over their failure to prosecute a single banking executive despite ample evidence of fraudulent activity leading up to the 2008 crisis.

In a letter to Attorney General Eric Holder, current Securities and Exchange Commission Chairwoman Mary Jo White and Federal Reserve Chairman Ben Bernanke, Warren challenges decisions to settle with banks, offering a slap on the wrist, as opposed to jail sentences.  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.

Continue Reading...

    

Share