Sen. Elizabeth Warren
posted on
Feb 16, 2013 07:14PM
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I suggest that you Google her name and you will find several sites that have news of her most recent activities as a member of the Senate Banking Committee. One brief video on YouTube shows her asking two regulators a simple question papraphrased as "When did you last take a major bank to court over irregularities in their conduct?". She mentions that state attornies are regularly taking ordinary citizens to court for infractions that are minor in comparison. The two individuals provide classic bureaucratic replies which mean "We get them to pay a fine so there is no need for court action" and "I'll have to check the record and get back to you." Here is a brief quote from one of the sites you can find through Google.
"Some bankers hoped that Sen. Elizabeth Warren, the liberal firebrand who helped create the Consumer Financial Protection Bureau, would be subdued in her first term as she learned the ways of the Senate. Warren’s avoidance of the Beltway media appeared to stoke these hopes.
Well, forget it.
Warren, a Massachusetts Democrat, came out blazing Thursday in her first high-profile appearance as a member of the Senate Banking Committee, ripping into regulators and starkly suggesting banks might be cooking their books.
Her performance struck immediate fear into some of the loftiest corner offices on Wall Street and lobby shops on K Street. Bankers in New York and Washington called her portrayal of the industry deeply unfair and said it did not account for the many tests applied in recent years.
“We have been through more tests and thorough exams than any college student over the past four years, including many conducted by the CFPB,” said Richard Hunt, president and chief executive of the Consumer Bankers Association."
Comment:
Let's hope she sticks to her guns.