Seventy-three percent of Canadians recently polled said that ethics would be a paramount issue influencing their vote in the upcoming Federal election. Given the daily news flow, this is not surprising. Presumptions of basic ethical standards and conduct have been repeatedly disappointed in recent years, and this should alarm thinking people to greater political attention.
Tonight, as American Democrats stage their first candidate debate, all eyes will be on Massachusetts Senator, Elizabeth Warren. There is no credible denial that Warren is uniquely qualified for office. This is particularly so as the world struggles with an unprecedented debt burden and crippling crony capitalism.
Warren spent decades as a teacher, lawyer, bankruptcy and banking expert, before being appointed in 2008 to chair the Congressional Oversight Panel that evaluated the government bailout of Wall Street and the auto industry as well as being an advisor to the Consumer Protection Bureau, before running for Senate.
All of this experience led Warren to sponsor the Return to Glass Steagall Act with John McCain (R) in 2013, and several other important financial reform bills to date. It also gives her one extra powerful recommendation for the job of American President today: Wall Street and other crony capitalists loathe the idea.
Pam and Russ Martens expound further in Elizabeth Warren: the woman who knows too much about Wall Street:
Senator Warren, now running for President, is viewed as a threat by Wall Street because of her institutional knowledge of how it perpetrated the crimes that led to the greatest financial collapse since the Great Depression. The Federal Reserve Bank of New York, which implemented the majority of the $29 trillion bailout program, is also nervous about a potential President Warren.
In addition to knowing the grainy details of what led to the crash, Warren also knows where the money went and why…
Wall Street is also edgy over Warren because of her knowledge that the Financial Crisis Inquiry Commission, that also investigated the collapse under a statutory mandate, clearly thought some Wall Street executives should have gone to jail or at least been criminally prosecuted. On September 15, 2016, Warren sent a detailed, 20-page letter to the Inspector General of the Department of Justice asking for a review of those FCIC referrals.
If ethics are a defining issue in the 2020 US election, Senator Warren’s record should recommend her to the Presidency.
;
