Political Quotes

Elizabeth Warren: “There really is no substitute for bankruptcy protection. But, the banks went out and lobbied to make sure that they were…”

On the recordJuly 30, 2014
There really is no substitute for bankruptcy protection. But, the banks went out and lobbied to make sure that they were going to be exempt from the bankruptcy laws, and now they will not even provide the modest relief that is provided on Federal loans for people who end up in terrible financial circumstances. I think this is wrong.
Said by
Elizabeth Warren
Democratic · Massachusetts

Editor's note · Context

Warren argues for bankruptcy protection and criticizes banks for their lobbying efforts.

Share

More from Elizabeth Warren

Oct 17, 2026

I have spent the last year calling on Donald Trump’s financial regulators to launch investigations into the big banks and executives who may have enabled Jeffrey Epstein’s horrific crimes.

lujan.senate.gov
Oct 17, 2026

Since the big banks won’t hold themselves accountable – and the Trump administration won’t either – Congress must act to force real transparency and accountability for them and their executives who enabled Jeffrey Epstein’s crimes.

theguardian.com
Oct 14, 2026

Every worker at Encore has the right to join a union, and you have an obligation to the workers that you promised to employ. We urge you to continue to engage in union negotiations in good faith and to prioritize investment in…

warren.senate.gov
Oct 8, 2026

It is our job to use all those tools to investigate.

npr.org

Other voices in this conversation