U.S. regulator says settlements with banks are appropriate

2013-02-28 — thomsonreuters.com

``Earlier this month freshman U.S. Senator Elizabeth Warren took regulators to task at a Senate hearing for what she perceived as their lenient treatment of financial institutions engaging in misconduct.
In an exchange that drew applause from protesters in the audience, Warren demanded to know the last time banking and financial market regulators had taken Wall Street banks to trial, as opposed to settling the cases.''

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