Archive for consumer protections

Elizabeth Warren Does What Hillary Clinton Could Never Do

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YellenWarrenw212h202Do you want to know why there's a draft Elizabeth Warren movement growing by leaps and bounds? The answer is found by simply watching the Massachusetts senator calmly, quietly, and succinctly destroy Fed Chairman Janet Yellen.

You don't have to know anything about banking and finance to understand Senator Warren spelling out precisely that the Federal Reserve Board is still not doing its job. They're kowtowing to the huge money institutions and allowing "too big to fail" to continue.

What's below is priceless. Smart as Hillary Clinton is,  she could never do this:

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While Hillary Contemplates, Elizabeth Warren Speaks Out

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Gotta love Elizabeth Warren. Despite the distractions that her eager fans have stirred up with huzzahs  for her perceived run for the White House in 2016, she's digging in her heels and protecting us -- the working class. She's fighting big banks again and thankfully so. With a little bit of luck, Glass-Steagall, here we come.

Huffpo:

WASHINGTON -- Sen. Elizabeth Warren (D-Mass.) warned in a speech Tuesday that the problem of banks considered "too big to fail" has only gotten worse since the 2008 financial crisis, potentially sowing the seeds of a future crisis.

"Today, the four biggest banks are 30 percent larger than they were five years ago. And the five largest banks now hold more than half of the total banking assets in the country," Warren said in a keynote address at a conference on the future of financial reform put on by the Roosevelt Institute, a think tank. "Who would have thought five years ago, after we witnessed firsthand the dangers of an overly concentrated financial system, that the 'too big to fail' problem would only have gotten worse?"

Well, E.W.'s game for a showdown. Watch this and you'll see why she's drawing more attention lately than Hillary Clinton. The big difference between these two wonderful ladies is that one is doing her damnedest to become American's first female President and the other is ordained to become so. Let's put the 2016 election aside and not lose sight of an impending issue. Banks are banking on E.W. falling short. They're scared. And listening to her, they and we all should be.

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