02.15.13

Elizabeth Warren and too big to jail

Posted in Around The State, Good Stuff at 9:58 am by wcnews

Freshman US Sen. Elizabeth Warren (D-Massachusetts) is hitting the ground running. This is a funny video in a couple of ways. Funny in that it’s really sad that it’s taken this long for someone to ask this question. But also funny just to watch the regulators squirm. And it completely highlights the fact that not enough government regulation is really what caused the financial crisis in 2008.

“I appreciate that. That’s what everybody does,” said Warren, a former Harvard law professor. “Can you identify the last time when you took the Wall Street banks to trial?”

“I will have to get back to you with specific information,” Walter said as the audience tittered.

“There are district attorneys and United States attorneys out there every day squeezing ordinary citizens on sometimes very thin grounds and taking them to trial in order to make an example, as they put it. I’m really concerned that ‘too big to fail’ has become ‘too big for trial,'” Warren said.

It’s very hard not to like Elizabeth Warren. Unless of course your a regulator or work on Wall Street. Maybe if we would have had more Senators like her in the recent past we would have had a financial crisis in the first place. As Digby says:

Maybe this is one way that women can make the difference. If you’ve had to fight every step of the way to be seen and heard, perhaps you aren’t all that willing to STFU out of respect for the patriarchal traditions that did everything to keep you down.

Or maybe it’s just that Senator Warren is awesome.

Yep!!

Further Reading:
Gangster Bankers: Too Big to Jail.

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