“When you explode a bank, you ought to be banned from banking forever,” Sen. Elizabeth Warren said Sunday.
Sen. Elizabeth Warren is calling for an independent investigation of the Federal Reserve and “the whole regulatory system” after the worst banking-sector crisis in more than a decade.
— Sen. Elizabeth Warren Speaking Sunday on ABC News’ “This Week,” the Massachusetts Democrat said the chaos of the past couple of weeks — in which three U.S. banks failed, throwing financial markets, especially bank stocks, into extreme volatility — was predictable after financial-crisis-era banking regulations were eased during the Trump administration.
Also see: What’s at stake for stocks, bonds as Federal Reserve weighs bank chaos against inflation fight Warren reiterated her calls on NBC News’ “Meet the Press” on Sunday, saying “[The] Fed doesn’t just get to investigate itself. I want to see us make a change in the laws.”“I think it’s fair to say that depositors should be able to take a pretty deep breath,” Warren said, according to an NBC News transcript. “The federal government has indicated there’s going to be a lot of protections for you.
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