Please support Senator Warren’s recent letter to U.S. Attorney General Eric Holder, current Securities and Exchange Commission Chairwoman Mary Jo White and Federal Reserve Chairman Ben Bernanke, where she challenges unfortunate decisions to settle with banks. Sen. Warren writes:
“I believe strongly that if a [federal] regulator reveals itself to be unwilling to take large financial institutions all the way to trial ... the regulator has a lot less leverage in settlement negotiations… If large financial institutions can break the law and accumulate millions in profits and, if they get caught, settle by paying out of those profits, they do not have much incentive to follow the law.”
Prosecute those responsible to the fullest extent of the law.