Look, you remember what happened in the early 2000s. And that is we had Federal Reserve that was unwilling to rein the giant financial institutions. So a bit at a time they deregulate here, they turn a blind eye there. And those financial institutions very quietly just loaded up on more and more and more and more risk until they blew up the entire economy and the U.S. taxpayer was called on to bail them out.
Senator Warren reflected on past financial crises and criticized the current Federal Reserve chair's regulatory approach.
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