Excellent interview with Elizabeth Warren. – Ilene
Elizabeth Warren: “The big banks always get what they want”
Courtesy of Edward Harrison at Credit Writedowns
Elizabeth Warren, chair of the Congressional Oversight Panel, is certainly looks to be fighting the good fight. At the conclusion of the Buttonwood Gathering in New York on Fixing Finance, she met with Tech Ticker’s Aaron Task and gave him quite an ear full.
Listen to what she has to say about the way of the land.
On the Obama Administration’s victory lap:
- “It is not the case people go to bed wondering if there will be an economy in the morning," she quips, but "we still have lot of serious problems."
On the banks:
- “They have all the money; they have all the lobbyists.”
- “I don’t understand how they can’t see that the world has changed in a fundamental way – it’s not business as usual. All I can say right now is they seem to be winning this argument.”
On housing:
- "We see things getting worse in the housing market."
- "We have to get foreclosures under control."
On this moment in history:
- “This is a moment when all around the country people are saying we’ve had it about up to here with these large financial institutions that want to write the rules then take our money. I find it astonishing that they have the nerve to show up and say, ‘I’m a big financial institution. I took your money. And now I’m going to lobby against anything that might offer some protection to ordinary families in this marketplace.”
More below in the three part interview. Links below.
Source
Wall St. Is Winning: Elizabeth Warren "Speechless" About Record Bonuses – Tech Ticker
Warren: Housing Market Getting Worse – Tech Ticker
"Astonishing" That Big Banks Are Taking Taxpayer Money, Writing the Rules, Warren Says – Tech Ticker
