Wednesday, March 20, 2013

Ben Bernanke agrees with Elizabeth Warren on too big to fail

How about that. Warren is a new US Senator and has raised so much hell in the banking committee that she now has the Federal Reserve Chairman agreeing with her. "I agree with Elizabeth Warren 100 percent that it’s a real problem," he said. He also said that if Dodd-Frank legislation doesn't ameliorate the problem then we will "have to take additional steps." Yeah, like actually breaking up the big banks and reinstating Glass-Steagall, which is not in Dodd-Frank. This is in light of the fact that the Attorney General has admitted that these bankers cannot even face criminal prosecution, given their influence on the entire economy. The article also lists other bankers who want to break up the big banks. Please get active and call or write your Congresspeople on this important issue.

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