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.
When various forms of this creative banking triggered the economic crisis, the banks went to Washington for a handout, and all the while top executives kept their jobs and retained their bonuses even though the tax dollars that supported…
Pundits talk about populist rage, as a way to trivialize the anger and fear coursing through the middle class, but they have it wrong. Families understand with crystalline clarity, that the rules that they have played by, are not the same…
So, if I'm understanding you correctly, you're saying that the advantage to breaking up the big banks is, we end up with more banks that can fail, because we let them fail, but more banks, then, that can figure out their profitable models…
What's our model, here? Should we all just go to Las Vegas and bet it all on black-22?
TARP has also failed to check the culture of excessive risktaking that brought on this crisis.
TARP was not designed merely to rescue large banks; the broader, long-term goals were aimed at strengthening the overall economy.
The problems are unmistakable. Uncertainty persists about the stability of our financial institutions.
There is little to inspire confidence in the balance sheets of the banks, and the health of small and mid-sized banks remains a very serious concern.
We are about keeping pace at least, and maybe ahead of, the foreclosure rate for that population.
And I would like all the children to be above average, but that is not the world we live in.
Politicians like Elizabeth Warren
