TARP watchdog Elizabeth Warren, the Harvard law professor who chairs the Congressional Oversight Panel, said in an interview today with Henry Blodget & Aaron Task that Americans’ trust in the financial system has been “shattered” as result of the financial crisis.
Tech|ticker:“What we’re having to do is change an entire culture. Let’s be clear: The folks who’ve been running these multibillion-dollar institutions – they are accustomed only to talking to other people who run multibillion-dollar institutions. And the rest of you can stay far, far away. What has fundamentally changed is they’re now taking taxpayer dollars. And the taxpayers think that gives them a seat at the conversational table and the decision-making table. And it’s taking a while for those CEOs to figure out the game has changed. And I do believe the game has changed,” Warren said.
Click for more on Warren’s interview.
