Elizabeth Warren: We Need Regulators Who “Work for the American People”

Sen. Elizabeth Warren grilled bank regulators on Capitol Hill. (photo: AP)

Sen. Elizabeth Warren, a Democrat from Massachusetts, says newly released recordings of conversations between Federal Reserve officials show that the same kind of cozy relationships that led to the 2008 financial crisis still dominate Wall Street.

In an interview with Morning Edition, Warren says the recordings provide definite proof of that relationship.

“You really do, for a moment, get to be the fly on the wall that watches all of it, and there it is to be exposed to everyone: the cozy relationship, the fact that the Fed is more concerned about its relationship with a too-big-to-fail bank than it is with protecting the American public,” Warren says.

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