Elizabeth Warren: Too-big-to-fail banks get $83bn/year subsidy. Why?

[Calamari]

http://americablog.com/2013/02/eliza...k-subsidy.html

Earlier this month, new Democratic Senator from Massachusetts Elizabeth Warren said that too big to fail has become too big for trial.

Staying on theme, Warren has again asked an important question about the too-big-to-fail banks, this time with Federal Reserve Chairman Ben Bernanke.

Elizabeth Warren has only been in the Senate a short amount of time, but she’s already ruffling feathers. Warren asks the questions that most in DC won’t ask. It’s not polite dinner conversation to ask the political class why the banks are getting a free ride.

Tearing right into Bernanke.

[zenwalk]

This is the wonderful lady who ruffled all the republican feathers here and in Massachusetts. She's a hard working addition to the Senate and should keep the revanchist ignorati busy demonizing her common sense campaign to free America from the banksters. Why would anyone object to her? Stupidity or ignorance or paid minion? You decide.

[SemiAuto]

Actions speak louder than words.

[DaggerJohn]

Actions speak louder than words.

Thanks, Semi-

[Calamari]

This is the wonderful lady who ruffled all the republican feathers here and in Massachusetts. She's a hard working addition to the Senate and should keep the revanchist ignorati busy demonizing her common sense campaign to free America from the banksters. Why would anyone object to her? Stupidity or ignorance or paid minion? You decide.

Yeah, which is why you get their shills trying to tear her down on any thread she is mentioned.

[Brohan]

http://americablog.com/2013/02/eliza...k-subsidy.html
Tearing right into Bernanke.

Yup, the central government is out of controll and needs to be corralled.

Tomorrow at Noon will be a great start!

[zenwalk]

Actions speak louder than words.

As a junior senator you'd be crazy to buck the big guy's nominee. She did see fit to insert the need for Lew change things up in her press statement.

[cprenegade]

Sounds like someone I could agree with. Too big to fail is a terrible precedent to set. Taxpayers should never have been on the hook to bail out the poor decisions made by GM or the banks. It is corporate welfare, a concept that would have been scorned by democrats before a democrat used it. Business lives or dies by their decisions. Taxpayers shouldn't be on the hook for any of it.

[kelsey59]

http://americablog.com/2013/02/eliza...k-subsidy.html
Tearing right into Bernanke.

You can be sure Obama isn't happy about this since he reappointed Bernanke.

[Joy in Mudville]

Am I the only one who notices that this is roughly the amount of the sequester?

[ivanbalt]

She's going to have a short career if she doesn't learn to kneel before the wealth.

[SemiAuto]

As a junior senator you'd be crazy to buck the big guy's nominee. She did see fit to insert the need for Lew change things up in her press statement.

She wouldn't be the first politician to put party loyalty ahead of principle. It is kinda what got the country into this mess.

[SemiAuto]

Am I the only one who notices that this is roughly the amount of the sequester?

Nope. Cutting corporate welfare should be high on the government chopping block. But when you're putting fat cat bankers in positions of power then it is not exactly surprising who is getting paid and who is not.