Sen. Elizabeth Warren’s (D-MA) great performance at the Senate Banking Committee — where she asked if “too big to fail has become too big for trial” — has gone viral, with nearly 750,000 views. Watch it:
Fox News contributor and right-wing activist Erick Erickson has a truly bizarre response to Warren’s video. In an op-ed titled “If Elizabeth Warren wants to lay blame for the financial mess, she can look in the mirror,” heAi??claims that Warren is an advocate of regulations that caused the financial crisis and that she wants to prevent lawsuits against Wall Street banks:
The rich irony of Elizabeth Warren asking her question to these regulators, whose ranks she would have joined but for a Republican effort to block her nomination prior to her Senate run, is that she is an advocate of increasing the very regulations that contributed to the financial meltdown and that prevent suits against Wall Street banks. After all, Wall Street was just complying with Washingtonai??i??s orders. […] If she wants a scalp, she should look in the mirror.
Erickson’s critique is strange given the fact that the financial crisis occurred in 2008, long before Warren became charged with setting of the consumer protection bureau or was elected to the Senate. In the meantime, she has been a long-time advocate of breaking up the banks by calling for a return to Glass-Steagall. She petitioned for this in May of 2012.Ai??Erickson, on the other hand, did write about how it would be good to break up the Big Banks — but that was three months after Warren petitioned her supporters to back such an effort.
Sign our petition to the SEC calling on it to listen to Warren and end “too big for trial.”
fox news = propaganda. when will people learn this?
I think it is about time that we PUT THE PERPS IN JAIL. Yes, I mean the ones who took the TARP money, and instead of lending it out to home-owners , THEY GAVE THEMSELVES AND THEIR CO-ONSPIRATORS MILLIONS OF DOLLARS IN BONUSES.
If that is not a federal crime, then it should be!
Their excuse was: we need the brightest and the smartest. Baloney. THey were getting 140 times the wages of the regular employees already. THERE WERE PEOPLE LOSING THEIR JOBS IN EVERY FIELD, and lots of them would have sawed off an arm to get a job at the banks and one tenth the pay level of those executives. WHO OR WHAT IS WORTH $40MILLION a year? You could fund a small country for that.
I say ioncarceration and hard physical labor rebuilding roads for the bankers who sold AMERICA down the river. And soon. And lets put Elizabether Warren up for PRESIDENT in 2016 if Hillary doesnt want to run.
How crazy do these people think we are? It was the lack of regulations, and not in forcing the law that lead to the financial crises. Every bank, brokerage house, and the Fed need to be audited. They have robbed the working class Americans for to long.
They have a long history of blaming the people trying to fix their messes by projecting their own culpability onto the fixers.
Mrs. Warren rocks, I wish her and Alan Grayson would work together to change all that is wrong with congress and America.