We have argued for repeating the stress tests and extending them past the 19 largest financial institutions.
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.
Taxpayers really want to know and should have a right to know what is going on with their investments.
The toxic assets remain on the books of the banks; the commercial real estate mortgages are a coming crisis.
We started this process saying--Secretary Paulson came to this very room and said we need to get those toxic assets off the books of the banks.
Treasury's failure to adopt these recommendations in my view has been one of the great failings of the past year.
We have pushed for a long time for more transparency, more accountability, more clarity on goals.
Congress should establish a Consumer Financial Protection Agency (CFPA) to ensure the basic safety of consumer credit products.
I believe that a meaningful resolution authority is a central part of getting this economy back on its feet.
From the outset, it was obvious that a system so large would need very careful oversight.





