By @LaurieInQueens

WATCH: Elizabeth Warren Shows How It’s Done At First Senate Banking Committee Hearing

February 15, 2013 12:45 pm Category: Economy, Memo Pad 72 Comments A+ / A-

Elizabeth Warren (D-MA), who is clearly following in the massive footsteps of Ted Kennedy to become “The People’s Senator,” kicked some Wall Street butt on Thursday in her first Senate Banking Committee hearing.

Senator Warren pulled no punches in her grilling of regulators, asking them point-blank — several times — “When did you last take a large financial institution, a Wall Street bank, to trial?”

Comptroller of the Currency Thomas Curry was first up, giving a stumbling non-answer that amounted to “Well, we settle so we don’t have to.”

“I appreciate you saying you didn’t have to take them to trial,” shot back Warren. “My question is, when did you bring them to trial?”

That went nowhere as well, so the gentle lady from Massachusetts turned to Securities and Exchange Commission chair Elisse B. Walter with the same question. Walter similarly hemmed and hawed.”As you know, among our remedies are penalties, but the penalties we can get are limited,” she began. “When we look at these issues, and we truly believe we have a very vigorous enforcement program, we look at the distinction between what we could get if we go to trial and what we could get if we don’t.”

Okayyyyy, let’s try this again. “I appreciate that,” said Senator Warren, and repeated the question for what seemed like the millionth time. “What I’m really asking is, can you identify when you last took the Wall Street banks to trial?”

“I will have to get back to you with the specific information, but we do litigate,” Ms. Walter replied.

This of course wasn’t good enough for Warren, explaining that “If they can break the law and drag in billions in profits and then turn around and settle, paying out of those profits, they don’t have much incentive following the law.”

Then the senator showed exactly why she was elected, standing up for ordinary Americans with this bluntly worded statement, which drew applause from those in attendance:

“There are district attorneys and U.S. attorneys who are out there every day squeezing ordinary citizens on sometimes very thin grounds and taking them to trial in order to ‘make an example,’ as they put it,” Senator Warren said. “I’m really concerned that ‘too big to fail’ has become ‘too big for trial’ and that just seems wrong to me.”

And there you have it. You can watch the entire delicious exchange below:

WATCH: Elizabeth Warren Shows How It’s Done At First Senate Banking Committee Hearing Reviewed by on . Elizabeth Warren (D-MA), who is clearly following in the massive footsteps of Ted Kennedy to become "The People's Senator," kicked some Wall Street butt on Thur Elizabeth Warren (D-MA), who is clearly following in the massive footsteps of Ted Kennedy to become "The People's Senator," kicked some Wall Street butt on Thur Rating:

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Comments

  • grandbaby1

    Harrah for her

  • Pamby50

    You go Eleizabeth!!!! Thanks for standing up for we the people!!!!

  • jarheadgene

    YOU GO GIRL!!!!!! Way to go Senator Warren….I would follow your command into any war any conflict any fight….YOU GET IT! You understand it. So many of our courtrooms are filled with D.A.s taking little guys to trial over violations of laws, and bring about EXTREME penalties. They are continually seeking to crush them for “trivial” misdemeanors and sometimes “questionable” felonies. Yet they are not bringing BIG WALL STREET to TRIAL. Enough already…..watch the video, these supposed “KEEPERS of Justice” don’t know the meaning of the word JUSTICE!

    Where are the comments from y0u P.O.S. G.O.P followers? I don’t see any, as of yet.
    Anything to say against Senator Warren? I think NOT…if so, you are UNWORTHY !!

    • http://www.facebook.com/people/Michael-Stoll/100000621443352 Michael Stoll

      Isnt she part cherokee hahahaha ? She has credibility right ??? She Built those roads that those businesses ship their goods on right ??? It was her and the Dems right ???? They didnt use a dime of the Tax Dollars collected from producers to do that right ??? Are all Liberals that stupid ???

      • johninPCFL

        Well, at least you are.

        • http://profile.yahoo.com/X2KKGDYW2F5T5XUT6233KBNWSI robert

          johninPCFL, they’re just bitter traitors who has caused their own demise. Let ‘em live a little.

      • http://www.facebook.com/people/Olga-Kim/1491128248 Olga Kim

        The elections long over, Robme got trounced and blithering idiot gotbaggots like you are still parroting something that was, first of all, taken totally out of context. You and rest of the rethuglican’ts knew this full well, but still tried, but failed miserably to use it against Obama.

        Because of your party’s utter stupidity, racism, and pure incompetence overall, you clowns got spanked against a totally beatable incumbent.

      • http://www.facebook.com/people/Joan-Maurer/100000910841619 Joan Maurer

        You obviously did not read or hear her full statement; you settled for what FOX faux news wanted you to see. Her statement was in effect – We built those roads that businesses shipped their goods on and their employees get to work on with Our tax dollars.
        The “producers” (who do very little actual production) have recently paid a smaller and smaller % of their profits towards the infastructure that made their success possible.

        Argue with that, if you will, but it is the truth. Please do not respond with name calling – I am a progressive liberal and very proud of it.

      • midway54

        Great typical response from a pathetic dupe of the protofascist plutocracy in this Country, which does not accurately reflect the context of her questioning. This assumes of course that you are not a genuine plutocrat or a propandist spraying around rightwinger bilge.

      • jarheadgene

        Mr. Stoll since you did Reply…. 1.Do you know her heritage? Doubt it. 2. Don’t start with proving, even more so, how you P.O.S. G.O.P. ers don’t know what an antecedent is. BTW…when I say P.O.S. G.O.P …I do not mean you personally, that is part of the RE-Branding the G.O.P wants. 3. I think Republican Gov. Bobby Jindal stated best….who the “STUPID” party is. They are those who listen to Bullshit Mtn. aka FOX news.

  • pangamut

    Wow … so that’s how people sound and act that aren’t bought and paid for!

  • Cairndance

    I see a future President of the United States!

    • Siegfried Heydrich

      Ya know what would make the Republicans and the banksters piss all over themselves? Ahem. Let me be the first to propose :

      Clinton / Warren 2016
      Because Mommies Can Make It All Better

      • http://profile.yahoo.com/X2KKGDYW2F5T5XUT6233KBNWSI robert

        I’ve pften wondered who would be better to pair Hillary Clinton with, and was waiting for her to make a mention. Your post cinched it. CLINTON/WARREN 2016!

  • http://twitter.com/GargrayGary Gary Graves

    We need to elect more more women democrats.

  • DukeDacat

    Go get em Elizabeth, it is about TIME!

  • http://twitter.com/flyfshr1cd Chris Doyle

    Warren is really, really impressive.

  • http://profile.yahoo.com/KCYW5TFT3AID5T5X3QM33IMEMQ Lia B.

    I LOVE HER!

  • http://pulse.yahoo.com/_OLT3BBICDAFJXQAHHKXXLJUCH4 Stella53

    Go Elizabeth!

  • bpai99

    What is wrong with Warren? Doesn’t she realize that big financial institutions have our best interests at heart, and that they are fully capable of self-regulation? The GOP knows that is true, why doesn’t she?

    • http://profile.yahoo.com/25HPDLLKRDCIPHAA6VOJYYRHSI AlfredH

      Because the people contributed to her campaign and she is the people`s Senator.Not the Career bought type.

    • 101strac

      Your sarcasm is duly noted, and appreciated.

  • WhutHeSaid

    Another GOP Plot Backfires

    When Congressional Republicans ganged up on Elizabeth Warren to deny her appointment to head the Consumer Financial Protection Bureau, little did they realize that their plot would backfire in such a spectacular fashion. In what can only be seen as a serious blow to both the GOP war on women AND financial regulation, Warren jumped into the political fray with both feet, handily defeating the GOP’s golden boy in Massachusetts (Scott Brown).

    But defeating Scott Brown was only the beginning of the unraveling of the GOP plot. Like Obi-Wan Kenobe at the evil hands of Darth Vader, Warren has become more powerful than her enemies could possibly have imagined. Now the SENIOR senator from Massachusetts as the result of yet another GOP plot, Warren has perhaps more regulatory power then ever as a member of the Senate Banking Committee, and she’s not at all shy about using it — a fact clearly demonstrated in this video.

    The Republican Party has become the proverbial ‘Gang that couldn’t shoot straight’, and they’ve managed to alienate women, minorities, college students, immigrants and their supporters, the LGBT community, policemen, firefighters, teachers, the working poor — in fact, just about every living American who isn’t old, wrinkled, wealthy and white.

    Apparently the GOP, along with the vile and despicable Tea Bigots, have become too clever for their own good. The Republican Party had better get back to learning the basic principles of democracy before they join the dodo and Tyrannosaurus Rex as extinct forms of life that have outlived their usefulness or relevance.

    • http://www.facebook.com/people/Jim-Myers/100001512942781 Jim Myers

      Replying to WhutHeSaid -

      “Let them eat cake.”

      • http://profile.yahoo.com/X2KKGDYW2F5T5XUT6233KBNWSI robert

        In the words of the honorable Marco Rubio: “I’ll drink to that! Bottoms up!”

    • nobsartist

      And they couldnt have done it without dem support.

  • http://pulse.yahoo.com/_OE3E5OTBJK2TXP7XJE2KVTARLA James D

    You are all wrong….we need more Bonners to distribute checks for payoffs on the house floor like he did with tobacco company checks. Come on….the Party of “No” will summon up all the gun nuts, religious fanatics, and racists and shut down this government. The Tea Party was paid for by the Koch Brothers…..watch those Kotch Suckers win!

  • Mikey7a

    Wow! If you don’t absolutely LOVE Senator Warren, you are either:
    A) A House Republican
    B) A too big to fail Banking Institution
    C) A Woman hater
    D) A Koch Brother
    E) All of the above

  • nobsartist

    It is about time someone started asking those questions.

    Where has Obama been?

    Covering for bush?

    • http://profile.yahoo.com/25HPDLLKRDCIPHAA6VOJYYRHSI AlfredH

      That the job of Congress.

      • nobsartist

        congress doesnt do their job. They should all be fired.

  • Pingback: NOBULL: Elizabeth Warren Kicks Wall Street’s Butt | nobull.mikecallicrate.com/news

  • http://www.facebook.com/people/Jim-Myers/100001512942781 Jim Myers

    WOW!!!

    Thank goodness she is NOT a Republican.

  • chasechristian

    Questions that the common men and women asked all of the time.

  • http://profile.yahoo.com/X2KKGDYW2F5T5XUT6233KBNWSI robert

    Senator Warren is definitely in-touch. She is the kind of representative who should be an example for all of the representatives in the House and the Senate to aspire to. She is an American and a courageous representative.

  • lessthantolerant

    Warren, isn’t she that silly politician who sucks off Obama in the alley near teddy’s favorite bar? I agree she has become the new teddy, she just hasn’t become a drunk yet.

    • 101strac

      That foolishness you spew isn’t worthy of a serious reply.

      • lessthantolerant

        yet you replied, hmmm…..

        • plc97477

          not seriously

          • lessthantolerant

            seriously?

    • http://profile.yahoo.com/PMVMZMDLRQL3TRK5RNOHJVZPHU stoptheinsanity

      What an extreme right-wing empty-headed idiot you are! You are showing how stupid and hateful you are by the stupid and nonsensical statements that you make. Go ahead and continue to reveal your ignorance.

      • lessthantolerant

        Let me help you get some perspective. For eight years scum of the left attacked W and produced lies and made up images then for five years since the porch monkey quota picked has been in the White House the left has spent nothing but massive amounts of energy protecting the fool.
        I have chosen to imitate the left and treat this POS and his followers with the same level of respect.
        You have trouble with that? I could care less. This POS quota pick proves why he hails from an inferior race and a party which deserves eradication.
        You whining will have little effect other than to make me laugh.
        So, reveal in frauds like Warren, worship drunk scum like Teddy and preen while Obie and his Kenyan Clown circus prove affirmative action is a joke.
        I will continue to wonder who Mooshelle is pimping out her little breeders to for votes or cash and I will laugh while Obie gets buggered in various places around the world.
        This regime will help finish off America and I will laugh while the likes of you wonder what happened.

        • WhutHeSaid

          It must be a really slow day in your trailer park.

          You know, we barely — JUST barely — tolerate you low-life rednecks because we know that God put you on this Earth to have somebody to slap around. We couldn’t slap around REAL people because, well, that just wouldn’t be right.

          There’s a limit to our patience, however, so you’d better just be a good boy or we may have to come snatch you up out of your bigot-hole and teach you a lesson.

          • lessthantolerant

            please do little boy, you will find out what happens to lobbies who dream of being men.

          • WhutHeSaid

            I’ve probably already kicked your ass once or twice at one time or another. Beating down redneck sissies has been my life-long hobby.

            I like it when you try to talk tough. I know that rednecks don’t feel pain like real people, but I still enjoy all of the crying, bleating and squealing they do when they realize that talk time is over. It’s my favorite thing in the whole world!

          • lessthantolerant

            My but you do dream don’t you little boy. I would love to have you come out to my neighborhood, I have a feeling some of your kind are out here in my hills, want to find out?

          • WhutHeSaid

            It’s obvious that you are lonely and seeking out male companionship in any way that you can. Why don’t you just go find a good gay dating site? You don’t have to engage in elaborate-but-ridiculous online threats to get the physical contact that you crave.

          • lessthantolerant

            Little boy, my responses are in line with your attacks, I do not care to respond to you, I simply refuse to let a fudge packer like you have the last word.
            STFU and go away and I will move on to abusing the next liberal.

          • WhutHeSaid

            I get it: Since I’m straight and not interested in your buggering activities, you want me to stop posting replies so that you have more time to spend with men who you think you might have a chance with — right?

          • lessthantolerant

            No, I enjoy watching you fume about my insensitivity. I think watching whining liberals spew is too funny.

          • WhutHeSaid

            See? That’s EXACTLY what I was talking about! You can’t help letting your true feelings slip out no matter how your try to hide them — that’s why you absolutely quiver with excitement at the thought of another man ‘spewing’.

            It’s no use for you to try to hide it any more — the jig is up. Go find yourself a good gay dating site and try to be a little less obnoxious. Don’t forget to practice ‘safe’ buggery.

          • lessthantolerant

            Your tirade is stale, lets discuss your mommy for a while, does she let you watch when she brings home real men? Or do you just hide in the closet and diddle yourself while she earns the rent?

          • WhutHeSaid

            You know, I believe that it’s entirely likely that you could be related to Obama. I think that you are a drooling bigot because you saw your mother with black men, and never did find out who your real father was. This in turn caused you to hold a grudge against black men, and the fact that your stepfather wore panties only added to your confusion and angst, which you try to hide by insulting other men as a cover for desperately yearning for male intimacy.

            You need to give yourself a break, come out of the closet, and ask other men out on dates directly rather than making up ridiculous insults and stories in order to get them to touch you. This will also save you the trouble of getting on your knees and begging for mercy when you run into people like me, who enjoy kicking redneck ass.

          • lessthantolerant

            WhutHeSaid scares me so bad! Listen to the libbie attempt to threaten me. I love when this kind of little girl wonders what it is like to be a man.

            Still wishing you could be the one to bugger Obama? Come on, tell the truth now girly boy!

          • WhutHeSaid

            There you go talking about anal sex again. I totally understand why you wear your zipper in the back.

            One thing I wonder about, though, is this: When your butt-buddies come over to ‘bugger’ you (as you put it) — how do they know which end is the right one?

          • lessthantolerant

            I try to keep the subject attuned to what you know, cock sucking and buggery seem to be the only subjects which catch your attention.
            After all isn’t that all liberal males are known for?

          • WhutHeSaid

            Personally I wouldn’t know, but it seems to be all you are interested in — you keep coming back to it post after post. Maybe you just fear ‘coming out of the closet’. I’m sure there’s a good gay dating site where you can find new buddies who feel the same as you. Good luck.

          • lessthantolerant

            trust me little boy, my masculinity is well in place. Growing up in SF I saw the sickness of what you fudge packers wrought. Thankfully aids will remain incurable and you and your ilk will slowly die off. Sadly, science will find ways to delay the outcome of aids, but in the end, no pun intended, nature will rule out and your kind will die out.
            Had the liberals intended to help your type instead of empowering you to believe deviate behavior is normal this sad mental illness could have been treated and we would not have people like Obama frequenting alley ways for release of his illness.
            But given all that, who cares? The epidemic continues and your brethren are still dying.
            Luck shall be on my side for the demise of this merry band of deviates eventually.

          • WhutHeSaid

            So you say. Let’s review the most frequent topics of your posts:

            1. Gay sex.
            2. Gay sex with Obama.
            3. You live near ‘hills’.
            4. AIDS.
            5. Physical contact with other men.
            6. Fellatio.
            7. Cowboys.
            8. Touching other men.

            It sounds like you must live on Brokeback Mountain or somewhere similar. I don’t believe that I’m likely to acquire AIDS because I’m straight and only have sex with my wife. You, on the other hand, are obviously consumed with ‘buggery’, ‘cock-sucking’, and desperate attempts to invite other men to touch you. I guess if you can’t just admit that you’re gay you must insult other men so that you can incite some sort of physical contact. It appears that you have a big fear about contracting AIDS since you mention it so often.

            When is the last time you had an AIDS test? I wouldn’t wish that illness on anyone — even an asshole like you — so please be careful and practice ‘safe buggering’. It’s your choice whether to come out of the closet or not, but even if you must hide your sexual preference for other men you can still be safe about it. Just google ‘safe sex’ or talk with your doctor. You can tell your doctor that your worried about a gay friend of yours if you feel uncomfortable admitting your sexual orientation, but I’m willing to bet that he already knows what you do after giving you that prostate examination.

            Of course, once you admit that you’re gay you may be able to let go of some of your anger and frustration. You also could just ask other men for a date rather than resort to insulting them to get them to touch you. It’s your choice, but perhaps coming ‘out of the closet’ would be the best thing for you. Good luck in whatever you decide.

          • lessthantolerant

            ha ha ha, you are hilarious! I simply want you to accept aids is a disease of nature intended to cure humanity of the scourge of homosexuality.
            Then we can discuss what a flaming asshole you are.

          • WhutHeSaid

            Look, it’s completely obvious to every one here that you are trying to hide your homosexual feelings because you don’t know how to deal with them. For God’s sake, you can’t even insult another man without using terms like ‘flaming asshole’ — no doubt a term that best describes your waking condition after a long night of dancing with your buddies at the Pink Flamingo.

            Me and most of my friends have always enjoyed kicking redneck ass — we’re just always careful to wear gloves for the ‘fruity’ ones like you. Those are the ones that let out the prettiest squeals as they drop to their knees and beg for mercy. Even while you snivel, squeal and whimper — anyone can still see the excitement in your eyes at the thought of another man touching you. Makes you lick your lips in anticipation, doesn’t it?

          • lessthantolerant

            oh little boy you amuse me. I find you thinking you are man enough to beat up a man is too rich. Please keep pretending and I will enjoy the discourse as I laugh and respond to you and your “buddies’ who actually pretend to enjoy gay bashing, this must be your greatest fantasy.

            like all liberals you talk a walk you wish you could actually experience, but we both know this is only done when you are doing your mom or watching your “buddies” do her.

          • WhutHeSaid

            I’m not bashing you — I promise. I don’t make fun of gay people just because they’re gay — that’s none of my business. I do bitch-slap people who are mouthy like you, but that’s just because God put you here for that reason — it’s nothing personal.

            I’m telling you, you don’t have to come up with idiotic insults in order to get the chance to get on your knees for other men. If you ask the right men directly they’ll let you do it willingly without all the fuss. I’m not one of these men, but I’m sure that you’ll have no trouble finding plenty on a gay dating site. Stop making life difficult for yourself and just admit you’re a sissy. It will make your life easier and save me the trouble of beating the snot out of you whenever I see you.

  • http://profile.yahoo.com/RGOUPZ3JYNMPBVOHLZRCRVRD6Q ivory69690

    Warren, explaining that “If they can break the law and drag in billions in profits and then turn around and settle, paying out of those profits, they don’t have much incentive following the law/// thats what should be done first all the money thy made on profits with a big fine on top of that thy made in profits. if thy make a $1,000,000 in profits and thy only have to pay back $100,000 who wouldnt keep doing it again and again ? if thy make $1,000,000 then make them pay back $3,000,000 and so thy dont think of doing it again jail time . lock there stealing butts up . just like a bank robber . if E. Warren can get wall street on the up and up then im sure the money she is saving the country can be use to pay down what the country owes . so back to the Clinton era what would be wrong with the country haveing 23 million jobs made in 8 years and the country not oweing nobody nothing . ok it wont be done on the Pres. watch . but it could start there and if it takes till MS. H.Clinton to get in the house to finish it then all the better . then with Obama starting it and her finishing it . it gets done . all the better that way then maybe there be more money that the country saves and gets can go into teaching the next kids . teach the children of the country so when thy grow up thy are smart . and can make the USA a better place in the world up at the top where we should be . the most important things now is learning and schooling for the children to make a better place for them selfs and the country

  • 1bythebrooks2

    What a firebrand! She’s the real deal!

  • http://www.facebook.com/juliette.moura.7 Juliette Moura

    Making Ma residents proud they voted for her!

  • http://www.facebook.com/juliette.moura.7 Juliette Moura

    Hillary and Elizabeth ticket in 2016. Unbeatable.

  • nobsartist

    Lets list President Obama’s accomplishments-
    1. Did nothing to the banks in fact is still allowing bank bailouts and mortgage fraud to continue un-abated.
    2. Did nothing to force the investigation of the bush administration and the loss of 7 TRILLION DOLLARS.
    3. Failed to end the wars.
    4. Failed to create any jobs.
    5. Failed to reign in the out of control “police”.
    6.Signed the bush tax cuts extension giving himself a big tax break and did nothing to roll back excessively high taxes on the middle class.
    7. Failed to force Congress to do what they agreed to do.

    The more the Dems cry and the more reports of corruption between the banks and the administration that come to light, just indicates that the republiCONs and Dems are both the same.

    Time to change the Constitution and remove both bastions of corruption.

    Time to flush the terd filled toilet called washington dc.

  • coffetime

    Kudos to Elizabeth but mark my words, this issue will never get further than what it is now.
    Banks really are too big to fail.
    The sooner we realize this, the sooner we can get on with our lives as sheep.

  • superelitist

    I love Elizabeth Warren and have put my money where my mouth is; hopefully my small contribution toward her Senate campaign helped put her where she is today. If she ever decides to make a run for the presidency, she has my vote. And, I’ll work my ass off for her election.

  • karlleuba

    Considering the facts, the absence of criminal prosecutions is astonishing. It is time to hold predators accountable for their behavior. Do no harm should be the basis of banking ethics, it is not.

  • WhutHeSaid

    ..

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