Democratic Senator Elizabeth Warren of Massachusetts, yesterday at a Senate Banking Committee hearing, grilling federal officials about illegal bank foreclosures:
ELIZABETH WARREN: Would it be helpful, if you’re going against one of these big banks, would it be helpful to these families to have the information about their case that’s in your files?
RICHARD ASHTON, DPTY GEN COUNSEL, FEDERAL RESERVE: It would be helpful, obviously, to have information related to the injury – yes it would.
ELIZABETH WARREN: So do you plan to give the families this information? That is, those families that have been victims of illegal foreclosures, will you be giving them the information that’s in your possession about how the banks illegally foreclosed against them?
RICHARD ASHTON, DPTY GEN COUNSEL, FEDERAL RESERVE: I think that’s a decision that we’re still considering making. We haven’t made a final decision yet.
ELIZABETH WARREN: So you have made a decision to protect the banks, but not a decision to tell the families who were illegally foreclosed against?
Here’s the video. She’s good.