Q: “When Did You Last Take a Wall Street Bank to Trial?” (A: “…”)

Yesterday Senator Elizabeth Warren sat on her first Banking Committee Hearing. Awesome. At least this seven minutes was, minus the part when anyone talks but her. She asked a bunch of regulators when the last time they took Wall Street banks to trial. No one answered properly. (“We have not had to do it as a practical matter to achieve our supervisory goals.”). Warren asked a few more people a few other ways, still got no answer (“I can look that up”) and then followed up with this:

“There are district attorneys and U.S. attorneys who are out there everyday squeezing ordinary citizens on sometimes very thin grounds and taking them to trial in order to make an example, as they put it. I’m really concerned that too big to fail has become too big for trial. That just seems wrong to me.”

Killed it. Killllleeeedddddd it. (Killed it.)

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