This is why we elected Elizabeth …

WASHINGTON — Bank regulators got a sense Thursday of how their lives will be slightly different now that Elizabeth Warren sits on a Senate committee overseeing their agencies.

At her first Banking, Housing and Urban Affairs Committee hearing, Warren questioned top regulators from the alphabet soup that is the nation’s financial regulatory structure: the FDIC, SEC, OCC, CFPB, CFTC, Fed and Treasury.

The Democratic senator from Massachusetts had a straightforward question for them: When was the last time you took a Wall Street bank to trial? It was a harder question than it seemed.

“We do not have to bring people to trial,” Thomas Curry, head of the Office of the Comptroller of the Currency, assured Warren, declaring that his agency had secured a large number of “consent orders,” or settlements.

“I appreciate that you say you don’t have to bring them to trial. My question is, when did you bring them to trial?” she responded.

“We have not had to do it as a practical matter to achieve our supervisory goals,” Curry offered.

Warren turned to Elisse Walter, chair of the Securities and Exchange Commission, who said that the agency weighs how much it can extract from a bank without taking it to court against the cost of going to trial.

“I appreciate that. That’s what everybody does,” said Warren, a former Harvard law professor. “Can you identify the last time when you took the Wall Street banks to trial?”

“I will have to get back to you with specific information,” Walter said as the audience tittered. Read more.

Markey Event Rescheduled to Tues., Feb. 19

An Invitation to YOU!

Berkshire Brigades is pleased to host a rescheduled reception

To Introduce

U.S. Senate Candidate Congressman Edward Markey

Tuesday, February 19, From 5:00 – 7:00pm

At the ITAM Lodge, Waubeek Rd. in Pittsfield

Hors D’oeuvres

Please RSVP ASAP to:

Sheila@berkshirebrigades.org

Not Quite the Grand Old Party, is it?

From Harper’s Index / January 2013

Percentage of Canadians who believe in global warming : 98

Percentage of Americans who do : 70

Percentage of Republicans : 48

Percentage of Republicans who believe in demonic possession : 68

 

 

 

sources:

IPAC-CO2 Research (Regina, Saskatchewan)
Yale Project on Climate Change Communication (New Haven, CT)
Pew Research Center (Washington)
Public Policy Polling (Raleigh, NC)

 

Reception for Senate Candidate Ed Markey

Berkshire Brigades is pleased to host a reception to introduce

U.S. Senate Candidate, Congressman Edward Markey

Friday, February 8 from 5:00 – 7:00 p.m. at the ITAM Club of Pittsfield

Hors D’oeuvres

Please RSVP by Wednesday, Feb. 6 to Sheila@berkshirebrigades.org

Suggested Donations $10.00____$25.00 ___ Other_____

Click here to Donate!

Or pay by check at the door made out to “Berkshire Brigades PAC”