"You work for the people not the banks!"
Elizabeth Warren vs. Captured Banking Regulators. Guess who wins.
Outstanding clip from Senate hearing a few weeks ago on illegal foreclosures. Warren blasts the Fed's lawyer for shielding big banks and hiding fraud.
"You have made a decision to protect the banks but not to help the families who were illegally foreclosed on. Families get pennies on the dollar for being the victims of illegal activities. And you know of cases where the banks broke the laws, but you are not going to tell the homeowners. People want to know that their regulators are watching out for the American public, not the banks."Witnesses were:
- Daniel P. Stipano, Deputy Chief Counsel, Comptroller of the Currency
- Richard Ashton, Deputy General Counsel, Federal Reserve