Warren Presses For Costs, Benefits Of 'Too Big To Jail' Deals

Law360, New York (May 14, 2013, 1:59 PM EDT) -- Sen. Elizabeth Warren, D-Mass., on Tuesday continued her push to get financial regulators and law enforcement officials to bring big banks to trial by asking them to provide any research they have into the costs and benefits of much-criticized “no admit, no deny” settlements.

Warren said in a letter to Attorney General Eric Holder, Federal Reserve Chairman Ben Bernanke and U.S. Securities and Exchange Commission Chairman Mary Jo White that she is worried that by entering into settlements with banks and other financial institutions that allegedly...
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