At a Senate Banking Committee hearing on Thursday, Sen. Elizabeth Warren (D-MA) asked the nation’s top financial regulators why Wall Street firms who broke the law were not taken to trial.
[...]
Thomas Curry, the Comptroller of the Currency, said his primary duty was to correct deficiencies in the financial system and that it wasn’t necessary to bring anyone to trial. Elisse B. Walter, the chairman of the Securities and Exchange Commission, was also unable to recall when a Wall Street firm had been taken to trial.
Raw Story
[...]
Thomas Curry, the Comptroller of the Currency, said his primary duty was to correct deficiencies in the financial system and that it wasn’t necessary to bring anyone to trial. Elisse B. Walter, the chairman of the Securities and Exchange Commission, was also unable to recall when a Wall Street firm had been taken to trial.
Raw Story
Let me guess. Never?
“I just want to note on this, there are District Attorneys and U.S. Attorneys who are out there every day squeezing ordinary citizens on sometimes very thin grounds and taking them to trial in order to make an example, as they put it,” Warren said. “I’m really concerned that too big to fail has become too big for trial. That just seems wrong to me.”
Not that anybody other than we the people cares what Warren thinks.
But, YOU GO, Liz. And maybe next you can bring up the subject in front of the DOJ. Too bad they probably won't let you anywhere near. How about on the floor of the Senate? Oh, yeah. THEY don't want to hear it (even though she's on the Senate Banking Committee).
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