It really is insane that the Securities and Exchange Commission and the Office of the Comptroller of the Currency (two agency that are supposed to hold banking institutions to account) are not bringing Wall St banks that have broken the law to trial. Thankfully, Elizabeth Warren is finally in a position to do something about this now she has a seat in on a Senate committee overseeing their agencies. The questioning she subjected two members of the above agencies yesterday was pretty brutal, leaving the recipients of her bluntness literally speechless. Sadly, this type of grilling is rare in American politics, at least when it comes to serious issues (unlike the Republican grandstanding over Benghazi and Chuck Hagel). But let’s be thankful that finally someone in government actually understands the ridiculous fraud that happens on Wall St on a daily basis and is at long last doing something about it:
Ben Cohen is the editor and founder of The Daily Banter. He lives in Washington DC where he does podcasts, teaches Martial Arts, and tries to be a good father. He would be extremely disturbed if you took him too seriously.