Sen. Warren Calls Fed Bank Merger Process a 'Rubber Stamp'

The transcript discusses the merger approval process, highlighting concerns about the lack of public involvement and transparency. It questions whether the SunTrust and BB&T merger will follow the same pattern of being approved without public input. The speaker criticizes the Federal Reserve's high merger approval rate, suggesting it favors large banks, leading to reduced competition, poorer service, and potential risks of creating 'too big to fail' banks.

What is the significance of public input in the merger approval process according to the text?

What concerns are raised about the approval process of mergers?

How does the speaker perceive the relationship between the Fed and big banks?

What are the potential consequences of mergers as mentioned in the text?

What does the speaker suggest should happen before creating another 'too big to fail' bank?