Warren called for an independent investigation of the Fed and the “whole regulatory system,” and demanded the reversal of the weakened oversight system amid the collapse of two US banks…
of the banking industry and “what happened is what we should have predicted.”
“These banks … loaded up on risk, they boosted their short term profits, they gave themselves huge bonuses and big salaries and they exploded their banks,” the senator said. Warren called for an independent investigation of the Fed and the “whole regulatory system,” and demanded the reversal of the weakened oversight system.
She also called for CEOs to be held accountable and forfeit the bonuses and large salaries seen in the wake of the bill’s passing, while adding that criminal charges stemming from a Department of Justice investigation were possible. “We’ve gotta say overall that we can’t keep repeating this approach of weakening the regulations over the banks than stepping in when the giant banks get into trouble,” Warren said.
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