Senator Warren keeps swinging at the bankers, and they keep hiding behind their defensive line of bought politicians and regulators. Without breaking this unholy alliance, we the people, will continue to pay devastating financial costs. See: Why Elizabeth Warren makes bankers so uneasy, and so quiet.
“Let’s assume that when he woke up on the morning of Dec. 12, Michael Corbat, CEO of Citigroup, was feeling pretty good. The day before, the House of Representatives had passed a bill that would save his bank and others lots of money and headaches.
The trouble was, Elizabeth Warren, the senior senator from Massachusetts, was getting ready to speak on the Senate floor. She had his bank on her mind…”
Here is Warren delivering this speech in December. Here is a direct video link.
“There is a lot of talk coming from Citigroup about how Dodd-Frank isn’t perfect,” Warren continued. “So let me say this to anyone who is listening at Citi. I agree with you, Dodd-Frank isn’t perfect.” She paused, then spoke very slowly and emphatically: “It should have broken you into pieces.”
And here she was again speaking on the “Unfinished Business of Financial Reform” at the Levy Economics Institute of Bard College’s 24th Annual Hyman P. Minsky Conference, on April 15, 2015. Here is a direct video link.