Warren pushes on failure to prosecute banks The senator directly addresses heads of three federal agencies about letting Wall Street off the hook

Again affirming her identity as the lawmaker trying to hold Wall Street accountable, Sen. Elizabeth Warren, D-Mass., is pushing federal agencies over their failure to prosecute a single banking executive despite ample evidence of fraudulent activity leading up to the 2008 crisis.

In a letter to Attorney General Eric Holder, current Securities and Exchange Commission Chairwoman Mary Jo White and Federal Reserve Chairman Ben Bernanke, Warren challenges decisions to settle with banks, offering a slap on the wrist, as opposed to jail sentences. whether they had done any cost-benefit research into prosecuting a bank versus settling with one, which is equivalent to a slap on the wrist for a profitable financial institution.

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Echoing language of Occupy activists like former Wall Street V.P. Alexis Goldstein, Warren stressed how failing to bring banks to trial can create a culture of impunity. She asked the federal agency heads to respond to her concerns, writing: