Serving the Flathead Valley & Montana since 2006. A reality based independent journal of observation & analysis. © James Conner.

 

13 December 2014

Saturday video — Elizabeth Warren says break up the big banks

warren_elizabeth_150

There are still good Democrats in Congress. Among the best is Senator Elizabeth Warren. Yesterday evening she delivered a powerful speech on how Citibank has too much economic and political power and must be broken into pieces that are small enough to fail. Currently too big to fail (meaning its losses will be covered by American taxpayers if it makes risky bets that cause huge losses), Citibank is behind the appropriations rider that will gut Dodd-Frank. This is not a speech Hillary Clinton has made or ever will make.