From a fascinating conversation with Sheila Bair. Love these women. If you read Teddy Roosevelt – his principle push for breaking up the trusts was because they had too much political power. They overwhelmed the government. It wasn’t so much that they were stronger than government, but they could persuade government to shift the rules to make themselves even more powerful. And when that happens, it’s not just a threat to the economy. It’s a threat to democracy. - Elizabeth Warren
Posted on: Thu, 15 Jan 2015 20:34:00 +0000
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