Warren Wants FBI Transparency About Financial Crisis

Sen. Elizabeth Warren wants the FBI to explain why people involved in causing the 2008 financial crisis didn’t face criminal prosecution.

 

And in a new letter to FBI Director James Comey, the Massachusetts Democrat is calling for the kind of transparency the bureau showed after its decision to recommend no criminal charges against Democratic presidential nominee Hillary Clinton in connection with her use of a private email system while serving as secretary of State.

 

“Your recent actions with regard to the investigation of former Secretary of State Hillary Clinton provide a clear precedent for releasing additional information about the investigation of the parties responsible for the financial crisis,” Warren wrote in a letter expected to be sent today and obtained by Roll Call.

 

Warren’s letter to Comey came with a separate request to Michael E. Horowitz, the Justice Department inspector general. In that letter, Warren said she wanted a review of what DOJ actually did with referrals from the Financial Crisis Inquiry Commission.

 

Warren explained that her staff reviewed FCIC documents that came available earlier in 2016, and among the more interesting findings to Warren was the potential that fraud had been committed by the leaders of a variety of financial institutions.

 

While being clear to stress that referrals alone may not mean there was actual criminal wrongdoing, the letter to the inspector general does name nine prominent executives from Wall Street at the time of the crisis, including individuals with AIG, Citigroup and Merrill Lynch, as well as the government-backed lending giant Fannie Mae.

 

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