The answer is your profits would have been $27.6 billion. I did the math for you.
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.
Lily already has an impressive track record of fighting for equity and efficiency in our tax system.
We must make big, bold investments in American families. And we must make equally big and bold changes to our tax policies to make sure that the wealthy and the giant corporations are paying their fair share.
It's your responsibility to enforce the law and to hold banks accountable for their misdeeds with meaningful punishments.
Our job is to hold accountable the institutions that for too long have had outsized power in our economy.
You have rolled back rule after rule--rules that are supposed to be a check on the power of the biggest banks.
Let me ask this: Mr. Quarles, do you now agree that you made the wrong decision to weaken supervision for a bank like Credit Suisse?
Your term as Chair is up in 5 months, and our financial system will be safer when you are gone. I urge President Biden to fill your role with someone who will actually keep our financial system safe.
In plain English, the Fed said that Credit Suisse's models just were not realistic.
Last month, a hedge fund called 'Archegos' imploded after making some very risky bets.
If we want an economy that reflects our values, we cannot let Wall Street write the rules.
We need to make sure workers' wages keep up with the cost of living: housing, childcare, prescription drugs, all the expenses that have been rising for decades now.
It is your responsibility to enforce the law and to hold banks accountable for misdeeds with meaningful punishments--not slaps on the wrist, not paltry fines that do not make a dent.
The private equity industry, which is behind many of the understaffed and underprepared nursing homes through which COVID-19 tore, the surprise medical bills that will greet those lucky enough to make it home, and the evictions sending…
Social Security benefits represent about 33 percent of the income of elderly Americans.
I believe it is important to stop the race to the bottom on corporate tax rates.
Strengthening U.S. tax policies and setting high international standards on taxation are important pieces of getting giant corporations to pay their fair share.
This bill provides mandatory funding for the IRS to ensure that it has the resources it needs to go after wealthy tax cheats.
We need enough Federal funding to actually solve the problem, not just nibble around the edges on this.
I am introducing the Building Child Care for a Better Future Act this week with Chairman Wyden.





