Elizabeth Warren: Time For Wall Street CEOs To 'Earn Back' America's Trust

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Shahien Nasiripour

Bailout watchdog and middle-class advocate Elizabeth Warren is accusing Wall Street CEOs of abusing the public's trust and is challenging them to step up and support financial reform -- for the nation's benefit as well as their own.

In an opinion piece in Tuesday's Wall Street Journal, Warren writes that the lack of strong consumer rules has set off a competition to see which firms can make the most profits by tricking the most consumers.

For years, Wall Street CEOs have thrown away customer trust like so much worthless trash.

Banks and brokers have sold deceptive mortgages for more than a decade. Financial wizards made billions by packaging and repackaging those loans into securities. And federal regulators played the role of lookout at a bank robbery, holding back anyone who tried to stop the massive looting from middle-class families. When they weren't selling deceptive mortgages, Wall Street invented new credit card tricks and clever overdraft fees.

Elizabeth Warren: Time For Wall Street CEOs To 'Earn Back' America's Trust

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