THERE ARE GOOD POLITICIANS LOOKING OUT FOR THE PEOPLE My Favorite Politician, she just keeps after the bad guys. Just to let everyone know the Banks never change their criminal behavior and we are looking at another major crash in the near future. We need to Protect the People and not the Banks. From the Article: “Who would have thought five years after the crisis…that the too big to fail problem would only have gotten worse,” Warren declared. She applauded Treasury Secretary Jack Lew for saying that if more progress isn’t made on the overdue Dodd-Frank regulations, “he may have to look at other options.” Warren skips the diplomatic language and cuts to the chase, assailing a financial system “so besieged by lobbyists it takes years to deliver rules…(which then are) so watered down and ineffective.” She wants to reinstate the Glass-Steagall Act of 1933, a Depression-era piece of legislation pushed through by FDR that separated depository banking and investment banking.” Her legislation, introduced in July, is titled, “21st Century Glass-Steagall Act of 2013, and she has nine cosponsors, including Republican John McCain, who jokingly tells people that he and Warren, both noted for their outspokenness, are “leaders of the shrinking violet caucus.
Posted on: Thu, 14 Nov 2013 02:34:48 +0000
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