Sen. Warren to Fed Chair Powell: ‘The Accountability Is Zero, Our Banking System Is Broken’

EXCERPT:

WARREN: "Yeah, well, that kind of sounds like not taking responsibility for what you’ve done in the past. You know, month ago, we had the CEOs of the banks that exploded in here, and each of them had scooped up huge bonuses and each of them said they plan to keep every penny of that money. And now we have the chair of the Federal Reserve, who led the charge to weaken bank regulations, who oversaw the bank supervisors, who failed miserably to hold these banks in line, and again, the accountability is zero. Our banking system is broken. $23 billion in bailout money and there is no accountability for those at the top. And once again, the people who didn’t cause the mess are forced to clean it up. We need significant changes here.”