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Warren asked Mnuchin what he had seen in the financial markets that had triggered the calls. She requested summaries of the conversations and notes taken on them, as well as any information the Treasury has about market and economic risks.
In separate letters sent to the CEOs of the six big banks – Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo – Warren have also requested information. She asked for summaries of the calls, notes taken about them, who participated, and whether the companies took action in response to the conversations.
Senator Warren, who has just been elected for the second time and a fierce critic of the excessive practices of the financial industry, has repeatedly questioned the Trump administration and the banks about their practices. On Wednesday, the legislator – who was the driving force behind the Office of Consumer Financial Protection – asked the big banks what they were doing to help the 800,000 federal employees who were missing their paycheque because of the partial closure of the government.
Her pressure on Mnuchin also comes as she leans heavily to challenge President Donald Trump at the White House in 2020. She formed an Exploratory Committee at the end of last month.
The Treasury Department did not immediately respond to a request for comment on the letter.
Read Warren's full letter to Mnuchin here.
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