In February 2013, Sen. Elizabeth Warren ushered in her first hearing as a senator by asking the nation’s seven top financial regulators, “How tough you are? …. Tell me a little bit about the last few times you’ve taken the biggest financial institutions on Wall Street all the way to a trial? As discussed here, none of the regulators testifying at the hearing could provide any information on when their agency had actually taken a large financial institution to trial.
