Elizabeth Warren vs. Bank regulators

[OttoVonBismarck]

Apparently prosecuting the destruction of criminal evidence is governmental overreach.

Holy fucking shit you guys are ready to pounce, aren't you?

No, I'm not ascribing Arthur Andersen "victim' status, to answer fahdiz. Yes, they committed crimes, were prosecuted and duly punished. I wasn't saying the government did bad in regard to AA, I'm just saying that by its nature the prosecution destroyed AA and once higher up politicians realized that everyone loses their job in scenarios like that they became much less willing to see it happen again. Technically the the Supreme Court did overturn Arthur Andersen's conviction, so just saying. It shows that even Arthur Andersen, legally, wasn't that easy to get convicted since the conviction was overturned on appeal. (By then they had already surrendered their license to operate as an accounting firm and 100% of their business had gone elsewhere, so they were no longer a going concern--and even without a conviction just the dirt that came out would have guaranteed a loss of almost all customers so it's a moot point.)

[garbon]

Holy fucking shit you guys are ready to pounce, aren't you?

It is a very sore spot for Seedy as you pointed out in your earlier post.

[CountDeMoney]

We already know which team Otto roots for. 

[Razgovory]

The Chinese?

[Admiral Yi]

The "crime" banks were guilty of was losing money.

Elizabeth Warren is a tool.

[Caliga]

Elizabeth Warren is a tool.

Racist against Native Americans

[alfred russel]

I'm really beginning to like her.

http://americablog.com/2013/04/elizabeth-warren-hearing-illegal-foreclosures-video.html

http://www.youtube.com/watch?feature=player_embedded&v=zD7zM9K0X4c

What really irks me about this stuff is the Obama administration has rather clearly set the tone that will be taken with the banks. The big banks won't be broken up. There won't be criminal prosecution. There won't be any new and really onerous regulation. Etc. Elizabeth Warren wants to keep cred as a reformer, but also wants to avoid hammering a democratic administration, so she unloads on another random bureaucrat. It is grandstanding with a hint of bullying in my view.