Having already proven that their institutions are above the law in the aftermath of the financial crisis, executives at the “Too Big to Fail and Jail” banks have decided it’s time to teach Senate Democrats a lesson. Not being content with trillions in taxpayer backed bailouts to protect and further consolidate virtually all wealth within their oligarch fiefdoms, these bankers are irate at the notion that a commoner would dare criticize their unassailable crony privilege.
However, the worst part of this story, is that while Warren is harsher than most of her completely bought and paid for colleagues, she is still pretty meek when it comes to the big bank oligopoly. In her most misguided position, she doesn’t even support an audit of the largest organized crime institution operating within these United States, the Federal Reserve. Oh and for those of you who will claim the Fed is already audited, think again. Read: The Fed Impedes GAO Audits by Destroying Source Documents.
Thus it seems even Warren’s meager push for reform is simply too much for the thin skinned bailout baby banks to handle. From The Hill:
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