It may be a long list -- bankers and regulators have reason to fear the new senator from Massachusetts. That’s because Elizabeth Warren is asking razor-sharp questions on behalf of consumers that regulators such as Fed Chairman Ben Bernanke are unaccustomed to hearing. (March 4, 2013)
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This about economics but it's also about values and people feel like. The game is rigged against them in a small -- Elizabeth Warren has not kept a low profile now that she's a senator and she had that bully pulpit. She using it -- enactment -- asking really hard questions for -- -- if they can break the law. And dragon billions in profits the question I really want to ask. Is about how tough you more. Tell me a little bit about the last few times you've taken. The biggest financial institutions on Wall Street. All the way to a trial. -- -- Think all regulators have something to fear mean. A list that warns scrutiny you can pinpoint the Office of the Comptroller of the Currency because they aren't the regulator the nation's largest and and while they do you have the power to do financial penalties they often don't. Should those biggest financial institutions be repaying the American taxpayer. That 83 billion dollars subsidy the content. It's unique for a freshman lawmaker. To. Take that aggressive of a posture with credibility. But I don't understand it is working like an insurance policy ordinary folks pay for homeowners insurance ordinary folks pay for car insurance. And these big financial institutions are getting cheaper borrowing. To the tune of 83 billion dollars in single year. Simply because people believe that the government would step in and bail them not to say if they're getting up like in the paint. I think she -- -- isn't the reason that she has credibility and be kind. As a Harvard law professor she really took on in champion. The causes of the middle class. He also. Was the architect of the new consumer agency. That was created after the financial crisis at all about looking after the little guy. Elizabeth Warren has specifically called on Jamie -- to resign from the board of the New York sad because we are trading loss. After you managed to lose three billion dollars in just a matter of weeks. Does this they can change your -- -- all JPMorgan and it and -- -- an -- especially confident right now are vulnerable. Because of the the whale trading loss and that has not been fully resolved. Elizabeth Warren does have a lot of support behind her. I'm really concerned that too big to fail has become too big for trial -- -- with her tangles with the regulators. That and those collect collectively had more than a million hit YouTube. People love seeing that she is asking the questions that they wanna ask and we can get rid of too big to fail I think we're moving in the right direction. You'll be interesting to see what Elizabeth Warren does with that power is it going to be something that makes you regulators changed -- worry. Of course I think this is very important sure -- I know we're both trying to go in the same direction.
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