Foreclosure Defense Florida

Senator Warren Asks….Why Have No Bankers Gone To Jail…in the foreclosure crisis?

WASHINGTON — Sen. Elizabeth Warren (D-Mass.) raised the stakes of her quest to find out why a single Wall Street bank has not been prosecuted in the aftermath of the financial crisis Tuesday, sending a letter to the heads of three federal agencies.
Warren, a member of the Senate Committee on Banking, Housing & Urban Affairs asked Attorney General Eric Holder, current Securities and Exchange Commission Chairwoman Mary Jo White and Federal Reserve Chairman Ben Bernanke whether they had done any cost-benefit research into prosecuting a bank versus settling with one, which is equivalent to a slap on the wrist for a profitable financial institution.
“Have you conducted any internal research or analysis on trade-offs to the public between settling an enforcement action without admission of guilt and going forward with litigation as necessary to obtain such admission and, if so, can you provide that analysis to my office?” Warren said in the letter.
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One Comment

  • DT says:
    May 15, 2013 at 12:48 pm

    I find it interesting Matt that you havent brought up any of the scandals that are plaguing the Obama white house. Not a word about the people in benghazi who were killed, nothing about the scandal and lies after word. Not a peep about the phone tapping of the AP. Nothing about the IRS targeting conservatives. And you wonder why you couldnt raise enough money to run for office. Nobody wants a partisan hack. I mean really to bring up George Bush after 5 years but nothing on benghazi in feb ???!! Your as bad as the guy in the white house

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