In response to news that regulators had sold the bank to JPMorgan Chase, Warren said system overhaul is long overdue.People walk past a First Republic bank in Manhattan on May 1, 2023 in New York City.Spencer Platt / Getty Images Sen. Elizabeth Warren said Monday that the latest government bailout of a failing Wall Street institution shows how much the financial system remains rigged in favor of powerful banks and that it is beyond time for Congress to step up with increased oversight and reforms.
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