You want the big financial institutions to hold up a mirror and look at their behavior, because, you say, otherwise, we are not going to get a change.
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.
I am sorry. Surely, you are not going to take the position, Mr. Dudley, that if most of the time most of what the Fed does is boring or even does its job, that it is OK every now and again to throw in 10 minutes of backing people off their…
The problems originate from the culture of the firms and this culture is largely shaped by the firms' leadership.
We need bank regulators who work to protect the American people, not the profits of giant banks.
I want to thank my friend, Senator Manchin, for our work together on trying to focus on the Fed.
The message that is sent from the President to the Board, to the supervisors, is that financial regulation is secondary.
Are they too big to manage? Are they too big to regulate? All important questions.
It is also felt most acutely on Main Street. That is why it is so important that examiners and supervisors and regulators remember that their job is to serve the public, to serve Main Street, not the banks they oversee.
It is bad enough when banks can capture the agencies that regulate them or the Congress, which is all too often the case.
I think we need a deeper investigation into the price hikes. Frankly, I think we need more support for those FDA inspectors who are trying to keep our drugs safe.





