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Thread: Elizabeth Warren: Obama's economic team chose Wall Street over 'families'

  1. #1

    Thumbs up Elizabeth Warren: Obama's economic team chose Wall Street over 'families'

    On President Obama: Warren praised Obama for the creation of the Consumer Financial Protection Bureau, a federal agency aimed at enforcing consumer protection laws.

    But she told Salon that "there has not been nearly enough change" in the wake of the U.S. financial crisis.

    "He picked his economic team and when the going got tough, his economic team picked Wall Street. ...They protected Wall Street. Not families who were losing their homes. Not people who lost their jobs. Not young people who were struggling to get an education. And it happened over and over and over."

    In some ways that’s exactly the problem. When I talk to people, they often say Democrats aren’t the party of working people at all. And they talk about NAFTA and deregulating Wall Street, and they say, look at these guys, they won’t prosecute the financial industry. They say, Democrats talk a good game, but they’re always on the side of the elite at the end of the day. What do you say to these people?

    We’re the only ones fighting back. Right now, on financial reform, the Republicans are trying to roll back the financial reforms of Dodd-Frank. In fact, Mitch McConnell has announced that if he gets the majority in the Senate, his first objective is to repeal healthcare and his second is to roll back the financial reforms, and in particular to target the Consumer Financial Protection Bureau — the one agency that’s out there for American families, the one that has returned more than four billion dollars to families who got cheated by big financial institutions. That’s in just three years.

    So, Democrats have not done all that they should, but at least we’re out there fighting for the right things. We’re fighting and I think trying to pull in the right direction. So if the question is, hold us to a higher standard, man, I’m there. You’re right. [If] you want to criticize and say, “you should do more!,” the answer is: Yes, we should! You bet! We should be stronger. We should be tougher. But understand the difference between the Democratic Party and the Republican Party right now. It’s pulling as hard and fast as it can in the opposite direction.

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  3. #2
    But what about the Ex-Im bank

  4. #3
    "If you ever want to understand, what's REALLY going on, just follow the money!"

  5. #4
    Quote Originally Posted by NACBA View Post
    But what about the Ex-Im bank
    That thread is here:

    And that case, so did she. So that makes her not only a hypocrite, but a fascist like most of the Ruling Class.
    Based on the idea of natural rights, government secures those rights to the individual by strictly negative intervention, making justice costless and easy of access; and beyond that it does not go. The State, on the other hand, both in its genesis and by its primary intention, is purely anti-social. It is not based on the idea of natural rights, but on the idea that the individual has no rights except those that the State may provisionally grant him. It has always made justice costly and difficult of access, and has invariably held itself above justice and common morality whenever it could advantage itself by so doing.
    --Albert J. Nock

  6. #5
    Funny how supporting an obscure bank makes you a fascist.

  7. #6
    Quote Originally Posted by 56ktarget View Post
    Funny how supporting an obscure bank makes you a fascist.
    Supporting fascism makes you a fascist and it's NOT funny.

  8. #7
    Quote Originally Posted by Ronin Truth View Post
    Supporting fascism makes you a fascist and it's NOT funny.
    I'd take someone who supports the Ex-Im Bank over someone who supports the Asia TPP

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