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View Diary: Taibbi: "How HSBC hooked up with drug traffickers and terrorists. And got away with it.” (145 comments)

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  •  At least, this is encouraging: (17+ / 0-)
    At her first Banking, Housing and Urban Affairs Committee hearing, Warren questioned top regulators from the alphabet soup that is the nation's financial regulatory structure: the FDIC, SEC, OCC, CFPB, CFTC, Fed and Treasury.

    The Democratic senator from Massachusetts had a straightforward question for them: When was the last time you took a Wall Street bank to trial? It was a harder question than it seemed.

    "We do not have to bring people to trial," Thomas Curry, head of the Office of the Comptroller of the Currency, assured Warren, declaring that his agency had secured a large number of "consent orders," or settlements.

    "I appreciate that you say you don't have to bring them to trial. My question is, when did you bring them to trial?" she responded.

    "We have not had to do it as a practical matter to achieve our supervisory goals," Curry offered.

    A link to the article at the Huffington Post

    http://www.huffingtonpost.com/...

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