This speech, delivered shortly before the House passed the CRomnibus bill that reinstated the possibility of taxpayer-funded bailouts for banks engaged in derivatives trading – a provision that nobody in Congress will admit to actually being in favor of, is well worth watching. Senator Warren is really hitting her stride. Good timing.
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retired-veteran says
“Extremism comes in all sizes, colors and sexes,” “In Senator Elizabeth Warren’s world, the only way you can protect the consumer is to consolidate all power in the government — and in this case, put all the power in the hands of the most liberal people in the country,” She is an extremist who cares not about the whole salt of America, but just about those things that mean the most to her.
Sen. Lindsey Graham
bluewatch says
There is not one single Congressman or Senator who is willing to stand up to say the Dodd Frank amendment is really good for America. Nobody wants to take credit for it, and nobody wants to defend it.
Instead of taking a cheap shot at Elizabeth Warren, why doesn’t Lindsey Graham explain why he thinks its okay for Citigroup to perform high-risk transactions using funds insured by taxpayers? Why doesn’t Lindsey Graham say why it’s okay to slip this type of thing into the law in a backroom deal without a public debate?
sleeples says
Where is the actual defense of bank bailouts and government insurance high-risk trading from the right? They say they disagree but won’t give details on why those things are good.
Senator Warren absolutely nails it with:
Is there an actual real non-Wall-St. Senator?
bluewatch says
A true capitalist believes in fair markets. The CROmnibus law now distorts the markets for trades involving “custom swaps”. Citigroup and other big banks are now able to use U.S. insured money to compete with other players who don’t have that advantage.
There is no way to defend it. Some libertarians might argue for less government involvement, but, that argument leads to the conclusion that there shouldn’t be FDIC insurance. If the government is going to insure deposits, then the government has the right to regulate what banks do with money that is insured.