Statement from Sen. Warren on New York Fed
WASHINGTON, DC - United States Senator Elizabeth Warren released the below statement on Friday following a report about the New York Fed published by ProPublica and This American Life:
"When regulators care more about protecting big banks from accountability than they do about protecting the American people from risky and illegal behavior on Wall Street, it threatens our whole economy. We learned this the hard way in 2008. Congress must hold oversight hearings on the disturbing issues raised by today's whistleblower report when it returns in November - because it's our job to make sure our financial regulators are doing their jobs."