* * *
– Elizabeth Warren Confronts Eric Holder, Ben Bernanke and Mary Jo White on Bankster Immunity (Liberty Blitzkrieg, May 15, 2013):
Elizabeth Warren is one of the few Senators out there pushing to understand why the federal government has created an untouchable class of criminals in America that can do whatever they want whenever they want and, not only get away with it, but also get bailed out when they make mistakes. In case you missed it, I highlighted a powerful video a few months ago in which she made regulators squirm when confronted on “too big to jail.” Now she has written a letter to Ben Bernanke, Eric Holder and Mary Jo White. My favorite line is:
“If large financial institutions can break the law and accumulate millions in profits and, if they get caught, settle by paying out of those profits, they do not have much incentive to follow the law.”
Indeed, which is why they don’t. Full letter embedded below.
– Leaving Elizabeth Warren Out in the Cold (CounterPunch, Weekend Edition July 1 – 3, 2011):
Dear President Obama:
Yesterday’s Washington Post published a page one article headlined “President Waging A Charm Offensive. Obama woos big donors to help fund early campaign expansion.”
Later in the article appears this unseemly behavior by a public servant paid for by public funds:
“A key player in the closed-door donor recruitment is White House Chief of Staff William M. Daley, a former banking executive who has huddled in recent weeks over breakfasts and dinners with business leaders and Wall Street financiers in Chicago, New York and Washington–seeking to ease tensions over new financial regulations and other administration policies.”
How rancid is the behavior described in the article compared to your no-more-business-as-usual rhetoric during your “hope and change you can believe in” 2008 campaign! What assurances are being given by your staff in order to secure donations NBC’s David Brinkley once called “legalized bribery”?