‘Regulatory Capture’ Emasculated The Regulators Of Megabanks

http://economicrisis.com/regulatory-capture-emasculated-the-regulators-of-megabanks/1638

‘Regulatory Capture’ Emasculated The Regulators Of Megabanks

I have to admit that I don’t want to be grilled on national TV by Senator Elizabeth Warren about my dirty-underwear drawer. I almost felt sorry for David Cohen, the Treasury’s Under Secretary for Terrorism and Financial Intelligence, when she skewered him about the uncanny ways in which megabanks and their bankers dodge any kind of serious punishment even for terrible crimes that they’d been committing for years.
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