Senate Banking Committee Hearing - Bank Money Laundering

warren.senate.gov
Senator Elizabeth Warren's Q&A at the March 7, 2013 Banking Committee hearing entitled "Patterns of Abuse: Assessing Bank Secrecy Act Compliance and Enforcement." Witnesses were: David Cohen, Under Secretary for Terrorism and Financial Intelligence, United States Department of the Treasury; Thomas Curry, Comptroller, Office of the Comptroller of the Currency; and Jerome H. Powell, Governor, Board of Governors of the Federal Reserve System.

[@patrickjmt]

Politics: Question: Is it wrong to launder tons of money? Answer: Let me tell you about the cheesecake I made two days ago.

[@whoami8434]

Was not expecting my main math man to comment on a hearing.

[@winkhin2371]

@@whoami8434 ,ဤဒဒ, ဒ, ဟဠ,,, ဤဤ, ဤဒ,, ဒ,, ဒလလအဒ, ဒလ,ဉဠဒဒလဤလဒဒဒဒဒသလဒဒဒဒဒဒအဒဒဒဟဒဒဒဟဒ,ဒလိလဠဓဒဒ,ဒဒဒဟဟဒဓဓဒဒဒဒဒဒ,ဒဒ,ဟလဒ,ဒဒ,ဒလ လာ လလဉဒဒ, ဒလဒ, ဒဒဟဒဒဒဒ, ဒ, ဉဒ ဒလလလလ, ဉလဒလဟဉဒဒဟဒဉဒသလ, သသဘသသသခသသသသသခသထသသခဥစသ၀းစးသသသစသ, သ, သသသသ, သသသထသသးသသလးသထသသသထသးသသ, သသသးထသးသလသ

[@alvingilmore5485]

Lol 😂

[@GaiaWeeps]

i got 15 years for 449 grams of pot...

[@cshubs]

A pound is quite a lot of weed. It's a good start! Sorry you went to prison. The laws are fucked up. The beer companies spent too much against it.

[@micahmicah402]

That’s effed up

[@honkeyville4013]

1:36. "You're the experts on money laundering..." God I love this woman. Can we just appoint her supreme ruler of the planet? She needs a lot more power. You cannot clean out the rats while living in a cheese house.

[@notbatman1000]

This very intelligent lady should be our next president! She would attempt, but probably not be able to, because of Republicans, straighten this country out financially, which is one of our biggest problems today! People should find out all they can about this amazing woman!

[@Ilustrado649]

I'd like to take a moment to applaud the people of Massachusetts for voting this woman in.

[@PaulHaider]

This woman is my preferred candidate for the presidential election in 2016, and I want Senator Warren to become the first female President of the United States.

[@janek49]

And me!

[@Astrobrant2]

Yep. Only now let's make it 2020.

[@melindadutcher212]

Paul Haider she'll be back. Give her a week or so. We need her as a unique American President

[@tramp2892]

Easy to understand where Katie Porter learned her craft. Liz Warren

[@joemama3372]

@@Astrobrant2 now make it 2024! Frustrating, isn't it? For 2020, she had some good points and strategies. In my opinion, she should have been nominated, not Biden, and she's the only person qualified enough, of the democrats, for the next. Biden has taken us backwards with bigger government, more government controls, and less free speech. Middle of the road voters, I think, will find it impossible to vote another democrat in. Those that came to the Capital on Jan 6th, have been frustrated since Clinton, more frustration with Bush and the Patriot Act (less freedom), with Obama bailing out banks.. I've heard southerners were ready to revolt if Obama got re-elected. This Capital storm is not just a Trump election thing. It's frustration for > 2 decades. 50% of America feels this way. We need to find a middle ground or there really could be a civil war and America will cease to exist.

[@Torrijosification]

I love how they try to defend their small actions by saying that those were the largest fine they ever imposed, never saying that they only represent 4 weeks of HSBC profits.

[@djtunit]

I love you Lizzy. You're kicking ass and taking names! I'm so proud of you!

[@mbonter1]

Love this lady. Great post.. thank you!

[@tom_guyette]

Thank you, Senator. Keep pushing.

[@JanMelet]

Go for them Elizabeth

[@stephjn]

A bystanding Canadian but filled with admiration for Senator Warren. Wish I could donate.

[@Jeff7971]

As a person that voted for Scott Brown and quite honestly, I would have voted for anyone other than Elizabeth Warren, however, after watching this Q&A from Sen. Warren... I absolutely LOVE THIS SENATOR!!!! Thank you Sen. Warren!

[@censorednewsnow]

Absolutely, totally, correct. They should all be charged, and JAILED!

[@ThrillaManilla]

Finally someone asking the right questions. Thank you, Ms Warren

[@edwardgoodnow]

these banks call a fine like that by a name ...." The Price of Doing Business"

[@mr.wrongthink.1325]

Hillary does not touch those important issues. I am for Elizabeth.

[@melindadutcher212]

She'll be back, give her a week or so. She has to we need her as a unique American President...

[@tubezaspiak]

Please don't stop your good work. The American people will follow and support your leadership.

[@gabrieltanguay9695]

I so enjoy how every single person Elizabeth Warren questions does everything they can to avoid answering at all.

[@MrMikePhx]

This is exactly why the banks and the GOP fought so hard to keep Sen Elizabeth out of the "corridors of power". Pray continue, Senator.

[@Malagraves]

"Get some teeth Senator. Otherwise you are grandstanding. This should have been done in '08." She wasn't a senator then, genius.

[@MegatronsCube]

She is the best there is. I wish she had specifically asked them point-blank why they didn't recommend prosecution in this case if it's within their purview to do so. She kind of did in a way, but they still kind of weaseled out of it. If they work with Justice, then they should be able to at least recommend prosecution. That Justice didn't initiate charges in this case, means they're culpable too, and I'd like to see them take some heat. Think I'll write her in for Prez.

[@ThePat0010]

Right, left, center. Everyone can agree that Elizabeth is just amazing.

[@micahbrew9627]

Look at the dude sitting behind the "honorable" david s cohen. He's just cringing and retreating into his chair. I love it! Look at all of them pass the buck.

[@demxxxxx]

They don't want to put their Buddie's in Jail!, LOL!

[@flash001USA]

Why in the hell is this not all over the news? This video should be viral!

[@gummybear100]

Awesome! Absolute Corruption pays off Absolutely!

[@jezzyby47]

'I can't self terminate', reminds me of that scene at the end of T2 where he had to be lowered into the furnace to destroy the chip inside him (Arnie). So if they won't self regulate properly, and no-one else has the jurisdiction to do it, we have to do it. Empty your accounts now.

[@mk202]

It all starts with a ‘y’know...’ and you’re on your way up the hill. Fasten your seat belts. Lol!

[@jeffl56]

Actually, she said "no one individual has gone to jail."

[@TrevorMarty69]

Senator Warren, you are my hero. Give it to'em. Then Give it to them again!

[@demxxxxx]

Notice how they put the Law off on each others Agency!

[@Robology13]

Man that guy has been trained very good on how to duck questions. Now if he could only brush up on how to answer them o.O. Great work Senator! As a citizen, you have my utmost appreciation and gratitude.

[@oHIoKit]

Americas Hero... I just hope and pray she has the proper security to keep her safe. Everyone needs to share this video.

[@StuBiddyBop]

I wish we had someone like you in our UK government.

[@creatrixinc]

Awesome. I am so happy you're in the Senate, Ms. Warren!

[@Killermike2178]

Well done, Ms. Warren! You are indeed the Batman of the Senate. You are somebody Americans have needed for 30 years now: Somebody who can stand up to these SOBs and actually ask them questions that make them tremble in fear, knowing that their days of being able to get away with this crap are numbered. You will shake those who want to do good, but feel they won't make a difference, out of apathy. You are the Dark Knight of the Senate.

[@ArtistLikeME]

when are we going to admit that we have a monarchy in place and they are above the law?

[@Reviverrenovation]

Senator Warren is a boss ass bitch.

[@serbanmike]

Prove it !

[@markstewart4501]

This is SO SO SO rare to have a Senator that is looking for honestly.

[@nerdheroes]

She is amazing! We need every senator to be like her!

[@headingoutside]

Man, I hope she has a lot of angels watching over her. Bravo!

[@AWWx2]

LOVE you, Elizabeth!!!

[@jeffreyjagged]

THANK YOU Ms. Warren! Thank you for demanding the truth and shining light on the aloofness of these goofs!

[@demonzr2007]

Give 'em hell, Senator!

[@JeffDinkin]

HSBC is now Capital One! --- "What's in YOUR Wallet?"

[@gspotjazz]

At least one person in the US Government with integrity. It's actually rather shocking and quite surprising.

[@TruthMakesPeace]

Wow! A Senator who stands up for the law! Bravo!

[@xpaullywogx]

THANK YOU FOR ACTUALLY DOING YOUR JOB

[@artisanrox]

They say they only prosecute civil suits? Well if "corporations are people", then this IS a civil suit!! GET ON IT!

[@randyisnot]

Amen, Sen Warren!

[@DJFlozone]

This is the best new thing in the world. Not the video, the paradigm shift.

[@Novous]

Senator, you have just gained a supporter.

[@hooaoisisi]

GRILLED him! Glad Elizabeth Warren is fighting for us.

[@joelicious34]

I love this woman, Elizabeth is the smartest of all investment and banking issues.. she will clip wings and pump breaks!

[@milliosmiles5160]

Senator Elizabeth Warren - You rock! Keep at 'em.

[@BrendanBeckett]

She's so good in this area. I just wonder where the hell she was yesterday when someone had the balls to stand up to the President's murder campaign.

[@rokster671]

She ripped right through their trousers...!!! LOL!!!!

[@mamokilo]

Please keep doing what you doing!!!!!!

[@apricotcomputers3943]

How can these criminals be allowed to do this

[@hotflamees]

I love her!

[@DonnaMartinezEdD]

Impressed on how well the "experts" remain on their points- not to move beyond their elevator answer- THAT is there true expertise- maintaining the corporate line.

[@libertyblueskyes2564]

ELIZABETH, YOU ROCK! THANK YOU!

[@agi0]

Very proud of my Senator.

[@boarderis4snow]

I knew she was going to be a real "mover & shaker" the moment she won the election. Thank God.

[@eljera5597]

I just found out about this bank situation,,, this woman was on them ,,great job ,,, Elizabeth Warren for president 💯

[@rukus100821]

fantastic! when do the other banks pay?

[@patty109109]

Warren is one of the good ones. Keep it up, people are paying attention.

[@fabmd8]

If they said their opinion, it would be self-incrimination. You are supposed to whistle-blow if you KNOW that something is wrong. But, if you don't admit that it is wrong, you dodge the bullet. For now.

[@sigmapsicharlie]

Good for her. I hope was hoping Rand Paul wasn't the only senator that isn't afraid to say, "enough is enough".

[@sr4612]

MORE WITH ALL THAT EVIDENCE AND EVIDENCE, AND BEING THE GOVERNMENT WITH THE MOST POWER IN THE WORLD. WILL NO GUILTY BE TAKEN TO JAIL? THE QUESTION IS WHY ?

[@dragunov815]

David won't stop dodging the question!

[@ahubz14]

I agree. The market must speak! These suits won't do anything to risk their careers.

[@tonymunro5693]

Criminals watching over bigger criminals,shoulder strains from back scratching

[@WoodyPhillips]

BOOK 'EM DANO!

[@s7r33tdogg]

Keep up the good work!!!

[@chip45]

Don't stop talking Sen. Warren! You're magic.

[@kingsebas11]

I have never been more ashamed to live in Massachusetts. Get this disgrace out of Washington.

[@normmarnier]

... Leading up to election night and the day after Professer Warren was who I touted as the single greatest victory and I even bought her book titled: All your worth. Senator Elizabeth Warren I Love You!

[@ralfchristiaanse4419]

this is the way to walk

[@mowdaras]

LOVE LOVE LOVE THIS WOMAN! Finally someone had the BALLS to ask the question every other sane rational intelligent thinking person has been dying to ask since this disastrous mess began. Yes it took a woman to have the balls to ask... how ironic!

[@JPMorganMustDie]

We send them a very stern letter !!! ROFL They must of been shaking in their boots, either that or Rolling on the Floor Laughing, but I'm pretty sure it was the Later.

[@dapete]

I sure hope she's hired a food taster.

[@allgoo19]

This skinny lady packs a lot of punch! Go ahead and tell like it is, Liz!!

[@MAVERICK72226]

She is a pit bull among wimps. My new hero.

[@bowlingotter]

On the other hand, what we're seeing now is the precursor to lobbyist ownership. We're seeing genuine work from Warren. However, we need to hope that she doesn't succumb to the highest bidder as most gov't officials do in time. But don't pass this over so easily. At least right now, Warren is one to root for.

[@shualv3692]

Nicely put

[@asian1nvasion]

Damn, she's good. I dont even know how i got here but I'm gald i watch this!

[@felipec]

Are politicians unable to answer a direct question?

[@enriktigasna]

That's executives, not politicians

[@NikBearBrown]

Finally a Dem with a spine.

[@brianr7726]

and what would Scott Brown have done? Nada. I'm so glad that I not only voted for Elizabeth Warren but volunteered in her campaign.

[@drglobalhealth]

Finally a senator who has a conscience! Thank you Elizabeth for standing up for what is truly right! Spread the word everyone. I did.

[@RedRocket415]

That's her point, bro. She wants them to comment on what is outside of their jurisdiction. What says a department can't have an opinion or counsel for another department?

[@mollymullen1]

Go Elizabeth go!

[@marilynr46]

She Chaired the Congressional Oversight Committee on the TARP Bailout. The committee that investigated TARP. She did not oversee it. That was handled by Paulson, Geithner, etc. She found that there was 78 Billion Dollars missing and that the toxic assets remained on the books of the banks. Afterwards, she set up the Consumer Bureau, but her appointment was blocked by the Republicans in Congress. She spoke out and said plenty of TARP. That's why the Republicans blocked her.

[@victorgarcia4145]

Everyone is part of the same hypocrisy. Cartel, government and banks they all sleep together. Lets not forget the Contra scandal

[@4Freedomrider]

LOL Every time I drive by all the Wells Fargo bank locations I think about how many 100's of thousands of millions of dollars of drug money they laundered and what a small fine they paid. I guess crime does pay. The government has their back.

[@coldfission]

It's not quite as silly as it sounds, the original bank was actually based in Hong Kong (back when it was a British colony), it moved itself to Britain (by making a parent company in the UK that then bought itself) when Hong Kong was about to be handed over to the Chinese.

[@InsipidRoustabout]

Elizabeth Warren "woman'ed up". She presented awesome incisive clarity and logic here.

[@Cear1949celt]

He talks about enforcing the law to the fullest extent when they haven't filed or tried criminal charges against the malefactors that laundered money for drug lords et al.