If HSBC executives had been hauled out in handcuffs and were sitting in jail after their violations in 2012, they would have gotten the procedures in place pretty darn fast to make sure that that bank was in compliance with the law.
Warren emphasizes the need for accountability in banking to prevent illegal conduct.
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It's supposed to be out there regulating the market, but it doesn't appear to be doing it and frankly, doesn't appear to have the people to do it.
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