The shutdown should not create moral hazard by letting the bank's executives escape accountability.
Elizabeth Warren
The Public Record
Elizabeth Ann Warren is an American attorney, academic, and politician serving as the senior United States senator from Massachusetts since 2013. A member of the Democratic Party, she has been a prominent advocate for consumer protection, economic equality, and corporate regulation. Warren gained national recognition for her work in establishing the Consumer Financial Protection Bureau and has focused on issues such as student debt relief and healthcare reform during her tenure in the Senate.
No financial institution should be too big to fail, and to me, that means three things.
I would like to see something that actually forces the hand of local and State police agencies to actually engage with the campus police agencies.
So, I think--and then the question is, does that change the calculus on whether or not we need to find devices in the law for holding the executives of the biggest financial institutions accountable if they threaten to wreck the economy…
the taxpayers should not be put in the position of having to choose between either watching the economy implode or having to bail out these big financial institutions
I am absolutely in favor of holding them accountable, and just to add a small fact to this, the corporate executives of the top 14 U.S. financial companies made $2.5 billion in compensation between 2000 and 2007.
The ban on selling crude oil has been in place for more than four decades, so it is a big deal.





