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Elizabeth Warren Embarrasses Hapless Bank Regulators At First Hearing

Bank regulators got a sense Thursday of how their lives will be slightly different now that Elizabeth Warren sits on a Senate committee overseeing their agencies.

At her first Banking, Housing and Urban Affairs Committee hearing, Warren questioned top regulators from the alphabet soup that is the nation's financial regulatory structure: the FDIC, SEC, OCC, CFPB, CFTC, Fed and Treasury.

The Democratic senator from Massachusetts had a straightforward question for them: When was the last time you took a Wall Street bank to trial? It was a harder question than it seemed.

"We do not have to bring people to trial," Thomas Curry, head of the Office of the Comptroller of the Currency, assured Warren, declaring that his agency had secured a large number of "consent orders," or settlements.

Read on...

There is a good video with this story.  Tom

Comments

Anonymous said…
Excellent - Love it!! and this from a banker!
Anonymous said…
This is a Canadian University - right? Why so U.S commentary - and usually left-wing c**p as well?

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