SEN. WARREN: “Too Big to Fail has become Too Big for Trial”

WASHINGTON — Senator Elizabeth Warren (D-MA) gesticulated to an applauding crowd as she asked bank regulators about the last time they have “taken the biggest financial institutions on Wall Street all the way to a trial.”

Comptroller Tom Curry replied that he had obtained a large number of consent orders and, when pressed, claimed that he had not had to bring a large Wall Street bank to trial to achieve their “supervisory goals.”

As Securities and Exchange Commission Elisse Walter said she would have to get back to the senator with specific information, on attendee clapped.

Sen. Warren said she was concerned that “too big to fail had become too big for trial.”

THIS DISCUSSION IS OVER.