Warren takes regulators to task for not prosecuting big banks

02/14/2013 | Hill, The · Politico Pro (subscription required) · Reuters

Sen. Elizabeth Warren, D-Mass., criticized financial regulators Thursday for not being tough enough on big banks and taking them to trial. "The question I want to ask is how tough you are and how much leverage you really have," Warren said in her first Senate banking committee hearing, at which regulators were testifying. "If a party is unwilling to go to trial, either because they're too timid or lack resources, the consequence is they have a lot less leverage in all the settlements."

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Hill, The · Politico Pro (subscription required) · Reuters

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