Elizabeth Warren Destroys Janet Yellen Over JPMorgan's 'Living Will'

Fed Chair Janet Yellen gave a tepid thumbs-up to the economic recovery while expressing disappointment in housing and pledging to remain vigilant over asset bubbles, in congressional testimony she delivered Tuesday.

Some of the questioning got a bit more granular, though. Sen. Elizabeth Warren (D-Massachusetts) questioned Yellen on whether large financial institutions remained a threat the economy. She pointed out that JPMorgan Chase, for instance, has 3,391 subsidiaries—more than three times the number of Lehman Brothers when it failed in 2008 and triggered the worst of the financial crisis.

Elizabeth Warren, Ben Bernanke Clash Over Bank Speculation: https://www.youtube.com/watch?v=VGXyleeR5mM

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