"You know, if you’re caught with an ounce of cocaine, the chances are good you’re going to go to jail. If it happens repeatedly, you may go to jail for the rest of your life. But evidently, if you launder nearly a billion dollars for drug cartels and violate our international sanctions, your company pays a fine and you go home and sleep in your own bed at night, every single individual associated with this. I think that’s fundamentally wrong."

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Source: Regulators look to punish bankers for money laundering. www.reuters.com. March 7, 2013.

About the author

Elizabeth Warren

Politician, Lawyer

Elizabeth Warren is a U.S. Senator known for her advocacy on economic equality and consumer protection, particularly through her work on the Consumer Financial Protection Bureau.

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