After Quote by Elizabeth Warren
“Regulators all meet with Goldman Sachs executives and employees day after day after day. They don't see the people who get tricked, the people who get cheated, the people who get fooled by the products that Goldman turns out.”
About This Quote
Source Speech: Senate Banking Committee Hearing, 2019
Regulators repeatedly meet with Goldman Sachs staff but rarely encounter the victims of its deceptive products.
In simple terms: Regulators see executives, not harmed customers.
Key Takeaway
Increase regulator exposure to consumer experiences.
Themes
regulation
financial ethics
consumer protection
Mood
critical
concerned
Type
political
advocacy
When to use this quote
- policy hearings
- consumer advocacy
- financial product design
Key Concepts
systemic risk
information asymmetry
Questions to Reflect On
- How can regulators better hear victim stories?
- What mechanisms ensure accountability?
A Different Perspective
Regulators may lack resources to investigate all complaints.
![“I can remember riding in the car with [my daughter] Amelia, when she was very small, and we'd talk about money the same way we'd talk about sparkly shoes or what had happened at school.” quote by Elizabeth Warren](https://sms4smile.com/quotes/img-quotes/e72/elizabeth-warren-879_amelia_i-can-remember-riding-in-the-car-with-my_32573.jpg)
