Elizabeth Warren Grills Banking Regulators At First Hearing

Rachel Rose Hartman | Yahoo! News | February 15, 2013

[Americans] eager to see consumer champion Elizabeth Warren take Wall Street's biggest banks to task got their wish on Thursday when the newly elected Democratic senator made her debut at a Senate Banking Committee hearing.

"What I'd like to know is tell me a little bit about the last few times you've taken the biggest financial institutions on Wall Street all the way to a trial," the Massachusetts lawmaker said to applause, speaking to the federal regulators gathered for a hearing on Wall Street reform.

No witnesses spoke up...Warren raised her eyebrows. "Anybody?" she asked. Thomas Curry, head of the Office of the Comptroller of the Currency, spoke up: "We've actually had a fair number of consent orders. We do not have to bring people to a trial..."