Timothy Sumer

(15 Mar 2023)   RESTRICTION SUMMARY: ASSOCIATED PRESS Washington - 22 September 2022 1. STILL of Sen. Elizabeth Warren speaking at a Senate Banking Committee hearing   ASSOCIATED PRESS Washington – 15 March 2023 2. SOUNDBITE (English) Sen. Elizabeth Warren, (D) Massachusetts: “The problem that we've seen most recently is that we're we're reaping the consequences of lighter regulation. When Chair Powell started leading the deregulatory movement in the Federal Reserve and getting the regulators to lighten up, the consequence is problems get missed, the oversight becomes lighter. The stress tests during Pal's term have become easier. They've become less frequent. And that means that problems that bubble up, problems because the executives want to boost those profits and the best way to boost profits take out a little more risk and a little more risk, that those problems don't get tamped out early.”   (Reporter: Is that why you've aske...

(15 Mar 2023) Sen. Elizabeth Warren, D-Mass., blasted Fed Chair Jerome Powell on Wednesday over the bank runs involving Silicon Valley Bank and Signature Bank. Subscribe for more Breaking News: Website: Twitter: Facebook: Instagram: ​ You can license this story through AP Archive: ... ( read more ) LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing On Tuesday, Senator Elizabeth Warren had a heated exchange with Federal Reserve Chair Jerome Powell over his handling of bank failures during the COVID-19 pandemic. During the Senate Banking Committee hearing, the Senator accused the Fed of being too lenient with large banks and criticized the lack of accountability both for those banks and for Powell himself. The Senator focused on the Fed's decision to ease regulations on the largest banks earlier this year after the pan...