Elizabeth Warren and Josh Hawley just teamed up on a bill that would let the government 'clawback lavish pay and bonuses when executives explode their bank'
Two unlikely Senate allies want to turn up the heat for executives who lead their banks to ruin, as politicians grapple with the fallout from theOn Wednesday, Democratic Sen. Elizabeth Warren and Republican Sen. Josh Hawley, along with Sens. Mike Braun and Catherine Cortez Masto, introduced a bill called"Failed Bank Executives Clawback Act," which would require that federal regulators"claw back" compensation of executives from the five-year period before their bank fails..
"Americans are sick and tired of fat cat bankers paying themselves handsomely while risking other people's hard earned money," she continued."It's time for Congress to step up and strengthen the law so bank executives bear the cost of failure, not line their pockets and walk away scot-free."
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