WASHINGTON - Massachusetts Senator Elizabeth Warren 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. Federal regulators fined the company nearly $2 billion in December. But Warren chided them for neither forcing the bank to shut down its US operations nor prosecuting individual employees.
Comments
Too big to fail? Too big to jail? Time to break up these mega onglomerate
monopolies.
Let them fail and send them to jail.
Elizabeth Warren for President!
The only one with any common sense in Washington.
Amen
"Banking Regulators?" Where? Where were the regulators? All I saw was excuse-makers, apologists, a bunch of folks who can't wait to quit their government jobs so they could go work for HSBC and make big money. Great job, Senator Warren, proud that you are representing Massachusetts.
May she be our Senator for the next thirty years!
Elizabeth Warren representing Massachusetts? What does this Boston Globe Puff Piece (complete with photo, of course) have to do with Massachusetts?..What's Warren's opinion on Deval Patrick's call for higher taxes? On the Middle Class..And What does Warren have to say about the Globe's recent request for an ObamaCare WAIVER?
Miker6 asks what this article has to do with Massachusetts. Guess he doesn't know that yes, there are actually banks in Massachusetts! It has everything to do with Mass.
Really struggling to find something negative to say aren't you?
Let me help you out since you seem to need it. 1) She is a US Senator, thus the scope of her work is national. I can understand your confusion because Scott Brown never seemed to understand that he was no longer a state Senator, he was out of his element unless he was serving the banks that financed his campaign. 2) Massachusettts families have been harmed directly by these banks as have people in other states. Other than being a citizen of this state, she has no particular reason to comment on State business.
Deval Patricks call for higher taxes is right. Thanks to Republicans defense of the wealthy we are not getting the Federal benefits we should, we have a state to run. Is there some waste you can identify as a significant portion of the states expenses? So what services do you want to cut? Police, Fire, Schools for our kids, infrastructure? Please do opine.
A waiver for the Affordable care act ? no way! You obvously missed what most people understandd -your sick views lost the election and certainly so in the 2012 election - get it? Loser. Now respect democracy and understand why the majority disagrees with you.
The redistribution of wealth in this country is a major threat to our children, and their kids
You said it. The top 1% is taking all the money out of the middle class and keeping it for themselves. It's unprecedented and turning us into a banana republic. This is the first American generation who will be worse off than their parents, and we have the banksters, big corporations, and their control of our government to blame. Bring back the tax rates during Eisenhower!