Senator Elizabeth Warren (D) of Massachusetts, actually asked regulators very pointed and appropriate questions that ONLY a Freshman would ask. TOO BIG TO FAIL really means TOO BIG TO PROSECUTE. She asked (1) why has no Wall Street Bank EVER been taken to trial where testimony would be revealing, and (2) why are the banks trading below book value when other sectors are not? Does this mean investors do not trust the banks or they concerned about the lack of regulators to make things transparent? The response of the regulators, all with the title “HONORABLE” was anything but HONORABLE.