Elizabeth Warren actually said...

"It is now perfectly legal for retirement advisors to give advice that boosts their own incomes by selling lousy products to their clients."

"The question is whether the law should be changed."

"I raise this because the living wills are one of the primary tools the Fed has to make sure that taxpayers will not be on the hook if one of these giant banks fails."

"The other approach is to play it safe. Keep the threshold where it is and rely on the Fed to tailor the rules to fit the risks posed by these different banks."