Page 6 - Consent Orders News Today

Marilyn mosby, claim that mosby has conflicts of interest and questions about her office of independent investigation. this after u.s. attorney general loretta lynch announced a justice department investigation of the baltimore police department similar to the one we saw of the department of ferguson missouri following the death of michael brown. >> this investigation will begin immediately, and will focus on allegations that baltimore police department officers used excessive force, including d...

Been up to. so the question i really want to ask is about how tough you are. about how much leverage you really have in the settlements and what i would like to know is tell me a little bit about the last few times you have taken the biggest financial institutions on wall street all the way to a trial. >> when was the last time the federal government took a wall street bank to trial? that is a great mystery of the financial crisis and it has never really been answered to my satisfaction. why hav...

Had a fair number of consent orders, we do not have to bring people to -- trial or -- >> well i appreciate that you say you dont have to bring them to trial. my question is when did you bring them to trial? >> we have not had to do it as a practical matter to achieve our supervisory goals? >> ms. walter? >> i will have to get back to the with the specific information, but we do litigate and do have settlements that are either rejected by the commissioner not put forward. >> okay, we have multipl...

Supposed to be enforcing the laws. instead, they take some money and turned a blind eye. >> i know there have been some landmark settlements, but we face some very special issues with big financial institutions. if they can break the law and drag in billions in profit, and then turn around and settle, paying out of those profits, it isnt much incentive to follow the law. >> settlements without trial also mean no testimony from banking witnesses. there is no way to actually figure out really what...

And i can tell you that the work i was doing in georgia was -- has georgia setting records this year with how those programs have been implemented. we will do more -- you hear me saying "we." im not a government official anymore, but those programs being implemented in such a way that this is a year georgia wont send any money back to washington. that money is actually being distributed in the communities. some of them the poor communities that needed them. some of them on the epa consent orders...

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Then turn around and settle, paying out of those profits, it isnt much ensentive to follow the law. >> settlements without trial also mean no testimony from banking witnesses. there is no way to actually figure out really what went on. warren put the regulators on the spot. >> the question i really want to ask is about how tough you are, about how much leverage you really have in these settlements. and what id like to know is tell me a little bit about the last few times youve taken the biggest ...