Regulators have no teeth in the banking industry because they'll get fired for actually doing their jobs correctly. The banks have all the power in the relationship.
The system is broken, we knew that, but this recording will be to banking what the
NYPD Tapes were to policing.
Banks have paid hundreds of billions of dollars in fines/penalties under the Obama administration for bogus charges related to the financial crisis that was caused by democrats in the first place.
The CSFB has been creating a lot of regulations that is increasing the regulatory burden on banks.
I would hardly say that regulators have no teeth.
LOL...you've lost your mind if you think politicians are going to bite the hand that feeds them.