Friday, March 27, 2015

A big round of applause for U.S. Senator Elizabeth Warren.

 

Photograph: Jacquelyn Martin/AP

Elizabeth Warren challenges Obama to break up 'too-big-to-fail' Wall St banks 

Senator Elizabeth Warren cemented her growing reputation as a darling of the political left on Tuesday with a wide-ranging speech challenging the Obama administration to take on Wall Street and break up its biggest banks.

Amid renewed speculation that she might challenge Hillary Clinton for the 2016 Democratic nomination, Warren appeared at a congressional event to attack regulators for failing to tackle the problem of financial institutions that are "too big to fail".

"We have got to get back to running this country for American families, not for its largest financial institutions," said Warren, who said the issue was an indictment of how little had changed since the 2008 banking crash.

The four biggest Wall Street banks are 30% larger than before the financial crisis, she said, while the five biggest institutions hold more than half the bank assets in the country.

Link to complete article:
http://www.theguardian.com/world/2013/nov/12/elizabeth-warren-obama-banks

JG: Wall Street banks are run by fanatical and greedy capitalists. They only care about MONEY and not the American people. It is now time to star considering NATIONALIZING the top five banks.

See also:
21st Century Glass Steagall Act Fact Sheet
http://www.warren.senate.gov/files/documents/Fact%20Sheet%20-%2021st%20Century%20Glass-Steagall.pdf

 

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