Elizabeth Warren: Banks Get Wrist Slaps While Drug Dealers Get Jail


The Huffington Post has the article Elizabeth Warren: Banks Get Wrist Slaps While Drug Dealers Get Jail.

Sen. Elizabeth Warren unloaded on bank regulators Thursday about the fact that British bank HSBC is still doing business in the U.S., with no criminal charges filed against it, despite confessing to what one regulator called “egregious” money laundering violations.

Her comments came just a day after the attorney general of the United States confessed that some banks are so big and important that they are essentially above the law. His Justice Department’s failure to bring any criminal charges against HSBC or its employees is Exhibit A of that problem.

 

After this video, there is the one with Ben Bernanke, and another one after that. In the one with Ben Bernanke, apparently the idea never occurred to him no matter what Warren said that he could charge the banks a fee for getting $83 billion in insurance.

Thanks to CarolG for bringing this article to my attention.

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