April 15, 2015
Warren pitches ideas for stronger Wall Street curbs
By Annie Linskey
The Boston Globe, April 15, 2015. All Rights Reserved.
Massachusetts Senator Elizabeth Warren wants to limit to just one the number of deals financial institutions accused of wrongdoing can cut with the government, a change that she believes would force corporations to follow the rules or face criminal charges.
It’s among several new ideas that Warren unveiled in a speech at the National Press Club on Wednesday. The senator offered new initiatives that would require banks to par far higher “mandatory minimum” fines when they avoid prosecution after violating rules. She also suggested a tax incentive aimed at prodding highly leveraged banks to use capital to finance deals rather than debt.