Tag Archives: Elizabeth Warren

“Waiting for Warren!” Until she didn’t do what they wanted.

I’ve been skeptical of the claim by many Sanders supporters that they are not down on Hillary Clinton at all because she’s a woman, oh no, it’s because she’s a terrible woman, for a while now. Clinton detractors on the left have insisted that they do want a woman to be President! But it has to be the right woman! And they have such a woman in mind: Elizabeth Warren! They’re #WaitingForWarren

I agree that Massachusetts Senator Warren is wonderful. And here she is being her terrific self on her Facebook page on February 22nd:

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Boo Hoo… Wall Street Says Elizabeth Warren Doesn’t Understand Global Banking

Elizabeth Warren

In a fiery speech last December, Massachusetts Senator Elizabeth Warren said when CitiGroup can sneak deregulation into a must-pass governmental budget, it has too much power and should be broken up.

JP Morgan Chase CEO Jamie Dimon thinks Massachusetts Senator Elizabeth Warren doesn’t “understand global banking system”.

So, Dimon and Warren don’t have a basic disagreement on how banks should be managed and regulated. Now we know that Liz is just stupid. Obviously, if she fully understood what Dimon and his band of thieves were doing, she wouldn’t be fighting them so hard. Ironically, in recent weeks, President Obama also called Warren’s opinions on the Trans-Pacific Partnership (TPP) ignorant. In March, Berkshire Hathoway CEO Warren Buffet she is too “angry” and “violent” in her critiques of Wall Street. It pisses me off as a woman, as a progressive, and as a banking reform advocate that Dimon, Obama, and Buffet resorted to personal smears rather than honestly debating Wall Street’s gambling operation and actually doing something about it– like busting up the too-big-to-fail banks or (better yet) taking control of the US money supply out of the hands of privately owned banks.

Warren didn’t take Dimon’s insult lying down.

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Sanders Echos Warren with Call to ‘Bust Up the Big Banks’

Teddy Roosevelt

President Teddy Roosevelt was America’s original “trust-buster,” taking on monopolies and big banks in the early 20th century.

One day after Senator Elizabeth Warren rekindled the spirit of President Teddy Roosevelt and called for breaking up the Wall Street banks because they have too much political power, Senator Bernie Sanders has seconded that proposal.

From Sanders’ press release:

“Over the last several days, it has become abundantly clear that Congress does not regulate Wall Street but Wall Street regulates Congress.  If Wall Street lobbyists can literally write a provision into law that will allow too-big-to-fail banks to make the same risky bets that nearly destroyed our economy just a few years ago, it should be obvious to all that their incredible economic and political power is a huge danger to our economy and our way of life,” Sanders said.

Lobbyists for Citigroup drafted the measure and JP Morgan CEO Jamie Dimon reportedly called congressmen to lobby for the provision that would gut a key provision of Dodd-Frank, the Wall Street reform law passed in 2010.

“Enough is enough,” Sanders said. “Today, almost all of the too-big-to-fail banks are bigger and even more powerful than they were before we bailed them out. The six largest financial institutions have over $9.8 trillion in assets — the equivalent of more than 60 percent of GDP.  They issue over half of the mortgages and more than two-thirds of the credit cards in America.

“If Congress cannot regulate Wall Street, there is just one alternative.  It is time to break these too-big-to-fail banks up so that they can never again destroy the jobs, homes, and life savings of the American people.

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Warren Blasts Corporate Politicians, Calls for Break-Up of CitiGroup (video)

Elizabeth Warren

Massachusetts Senator Elizabeth Warren says when CitiGroup can sneak deregulation into a must-pass governmental budget, it has too much power and should be broken up.

In a fiery but measured speech on the Senate floor, Massachusetts Senator Elizabeth Warren blasted the close ties between CitiGroup, Congress, and the Clinton, Bush, and Obama administrations as Wall Street “cronyism”. Channeling trust-busting, progressive President Teddy Roosevelt, Warren called for “opening up Dodd-Frank to make it tougher” and for an end to “too big to fail” banks.

“Let me say to anyone who is listening at Citi, I agree with you that Dodd-Frank isn’t perfect,” Warren said, looking directly into the camera. “It should have broken you into pieces.” [Full video after jump.]

Warren and other progressives are riled up because Congress inserted a Wall Street deregulation clause into the federal government budget bill which the House passed last week. This provision– written by CitiGroup lobbyists– weakens the Dodd-Frank Wall Street Reform and Consumer Protection Act, allows Wall Street banks to return to the risky derivatives trading that sparked the worldwide financial collapse of 2008-09,  and paves the way for future Wall Street bank bailouts. The fix is in for more gambling with our money.

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