The ban on selling crude oil has been in place for more than four decades, so it is a big deal.
Elizabeth Warren
The Public Record
Elizabeth Ann Warren is an American attorney, academic, and politician serving as the senior United States senator from Massachusetts since 2013. A member of the Democratic Party, she has been a prominent advocate for consumer protection, economic equality, and corporate regulation. Warren gained national recognition for her work in establishing the Consumer Financial Protection Bureau and has focused on issues such as student debt relief and healthcare reform during her tenure in the Senate.
Big oil may not like that, but the Massachusetts voters did not send me here to work for them.
Does it make sense for us to lift the ban without some contingency plan in place if prices should jump?
The $50 billion banks generally pose less risk than a $1 trillion bank or a $2 trillion bank.
I think that if there are multiple institutions of that size that are failing at the same time, it is usually an indication that there is broader weakness in the financial system.
We are dealing with the very practical issue of trying to keep the financial system from melting down.
If a big company can commit major fraud again and again and again, and each time they just pay a fine and promise to be good and move on, I am not sure what incentive there is for them to stop breaking the law.
Instead of kicking these big time bad actors out of the Medicare program or putting CEOs in jail, the Government settles with a fine.
Companies should not be allowed to get away with fines and a promise that they will do better in the future and a wrist slap.
If we reduce regulatory costs for college, those savings must be passed on to our students.
I guarantee we can say that it is becoming less and less and less affordable every year.
I think what you just described is the schools have no skin in the game, that whether they do a good job or a bad job, as long as they can skirt past their accreditors, they're going to be just fine.
It is legal to do that, and I think that's what the regulators say. It's legal.
It is now perfectly legal for retirement advisors to give advice that boosts their own incomes by selling lousy products to their clients.
Hardworking Americans who manage to pull together some money for their retirement should be able to trust that their retirement advisors are looking out for them.
It is hard, really hard, to save for retirement, and the stats bear this out.
Almost one-third of Americans on the edge of retirement have zero savings, and another third have less than a year's worth of income put away.
We've got a problem with outdated laws, loopholes in the laws, and that's how we end up with these two different standards.
I raise this because the living wills are one of the primary tools the Fed has to make sure that taxpayers will not be on the hook if one of these giant banks fails.





