WASHINGTON — Senator Elizabeth Warren of Massachusetts continued pressuring banking regulators Thursday, criticizing them during a Senate hearing for failing to enforce tougher penalties on the nation’s largest banks.
Warren joined other members of the Senate Banking Committee in grilling regulators on corporate wrongdoing, focusing on the punishment faced by British bank HSBC after it was caught laundering Mexican drug money.
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Dear Liz,
Check your portfolio.
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If Senator Warren really wants to help the middle class, especially in Massachusetts, then she should intooduce a US Jobs Expatriation ACt 0f 2013, an ACT which would place a "duty" or "tariff" on each US job that is Off-shjored each year by a firm, after a small allowable number of say 12 workers. That way firms like State Street corporation of Boston would be forced to pay a $250,000 tax for US job "dumping" overseas in places like INDIA which it is doing in a partnership with a frim called SYNTEL corp (SYNT) which is owned by India Nationals and is based in TROY MI.
This ACT would halt the off-shoring of State Street's FUND ADMINSITRATION DEPARTMENT which is now being conducted by the current CEO Jay Hooley and his right hand man - ALLEN GREENE, and save approximately 750 Boston and North Quincy middlce class jobs from being dumped in INDIA and harming future generations of America'schildren.. Elizabeth, its time to do what you promised us you would do ..
She should talk to her colleagues in Big Education and tell them to stop HAMMERING the middle class.
How to get an instant Globe headline. Propose new regulations against banks, insurance companies or energy providers
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Holder is such a clown. How can any society survive when criminal culpability depends- explicitly- on how much money you have? Our attorney general has basically thrown up his hands and called the international banks his daddy. What an absolute disgrace.
too big to prosecute. Isnt that his job? Worst AG EVER
How come Elizabeth isn't complaining about Deval's proposed tax hikes?. The ones that will HAMMER the Middle class in MA.
"Globe says "British bank HSBC after it was caught laundering Mexican drug money.". Actually the Bank is from Hong Kong and Shanghai. Check HSBC on the Internet. And the money laundering was discovered more than a year ago. Globe doesn't know what it is talking about, or it is trying to give credit to Warren that she had little to do with.
she is doing a great job. however no one enforces the laws now...not the SEC, or even the attorney general. no one ever goes to jail, just some minor pocket change in fines. also what about our colleges ripping us off at 50k per year...??So proposingew reglations will have no effect, just adds to our fed gov staffs, costing us more but doing nothing, as is increasing aid for college, does nothing but raise teh tuition costs and loan debt of us all...
lunch. wow