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Sen. Warren Blasts Regulators for Lack of Prosecution Referrals

Joe Mont | September 9, 2014

Once again, Elizabeth Warren (D-Mass.) is blasting federal bank regulators for their lack of criminal prosecutions following the financial crisis, and railing against the belief that executives are “too big to jail.”

A hearing convened by the Senate Committee on Banking, Housing, and Urban Affairs on Tuesday gave legislators the opportunity to grill regulator representatives on the state of their agencies rulemaking and efforts to ensure stability in the financial markets. Warren took the opportunity to come out swinging, yet again, over the lack of criminal prosecutions involving bank employees and executives.

Three banks – Bank of America,...

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