Sen. Elizabeth Warren's meeting with bank regulators Thursday left bankers reeling, after questioning why regulators hadn't prosecuted a bank since the financial crisis.
Senator Elizabeth Warren's (D-Mass.) meeting with bank regulators Thursday left bankers reeling, after the politician questioned why regulators had not prosecuted a bank since the financial crisis.
At one point, Warren asked why big banks' book value was lower, when most corporations trade above book value, saying there could be only two reasons for it."*
Senator Elizabeth Warren slammed bank regulators by aggressively hammering one simple question: why have they not prosecuted a single bank since the financial crisis? Wall Street is reeling, perhaps they aren't enjoying someone finally treating them like the crooks they are?
From this year's Netroots Nation, here's Elizabeth Warren from this Friday evening: Elizabeth Warren On Why Corporations Are Not People: ‘People Have Hearts’:
But she sounded a confident — though raspy — note during her address to Read more...
For all the fearmongering we hear out of our politicians on the right about how heaven forbid we're going to turn into Greece, the one country you never hear them talk about any more is Iceland. The reason they don't is, as Cenk Uygur explained on his show this Tuesday, they took a different path than the United States after their financial crisis and nationalized the banks, threw some the people responsible for the crash in jail and bailed out the homeowners instead of worrying about only bailing out the banks. And now they're coming back and their economy is growing again. Read more...