BANK REGULATOR ACCOUNTABILITY DEMANDED BY SENATOR ELIZABETH WARREN

Senator Elizabeth Warren (D-MA) asks regulatory agencies for criminal enforcement statistics since zero Big Time Wall Street criminals have been prosecuted since 2008 – 5+ Years.

Despite SIGTARP’s puny 164 staffing and $48 Million budget, they secured dozens of convictions.  

Yet the three bank regulators receive $Billions / year and 1,OOOs of staff with zero results in 5+ years.

Warren’s six questions to FED, SEC, and OCC:

1. # Individuals and Senior officials your agency has charged criminally;

2. # Criminal convictions your agency has obtained;

3. # Prison sentences your agency has secured;

4. # Individuals and Senior officials charged civilly;

5. # Individuals your agency has suspended or permanently banned from working in the financial industry or elsewhere;

6. Total amount of funds your agency has obtained through civil judgment or orders of restitution.

Big banks have spent $66 Billion on legal fees related to the financial crisis.

Six Big banks have looted $207 Billion over last 3.5 years.

 
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