Let an average citizen bounce a check, see how quickly they will be arrested if its not paid. But:
In a Senate hearing this week, Elizabeth Warren grilled a Treasury official about a major Wall Street bank (HSBC) that was caught laundering money for Al Quaeda and drug cartels -- repeatedly -- and only got a slap on the wrist.
In the video, it's clear that bank regulators aren't used to being told to go harder on the banks. This is why we worked so hard together to elect Elizabeth Warren!
Warren previously grilled the top SEC official, who admitted they have no idea when they last took a bank to trial. This week, Warren underscored a core point:
"If you're caught with an ounce of cocaine, the chances are good that you're going to go to jail...but evidently if you launder nearly a billion dollars for drug cartels, your company pays a fine and you go home and sleep in your own bed at night. I think that's fundamentally wrong."
Thanks for being a bold progressive.
-- Adam Green, Stephanie Taylor, Michael Snook, Forrest Brown, Amanda Johnson, and the PCCC team
Petition To SEC:
Listen to Warren, End "Too Big for Trial"
Check out the LATEST video of Elizabeth Warren demanding accountability for Wall Street banks. Then, sign the petition to the SEC on the right.
PETITION TO SEC: Taking Wall Street banks to trial is necessary for real accountability. As Elizabeth Warren says, trials allow the public to learn the truth and allow regulators to better do their job of protecting the public. We call on you to end your practice of 'too big for trial.'
We'll deliver this petition to the SEC, show your signature to our friend Elizabeth Warren, and inform the media.
Here's the original video of Warren grilling the SEC: