Monday, 18 February 2013

"Too Big to Fail has become Too Big for Trial"

Senator Elizabeth Warren asks federal bank regulators why no banks were taken to trial in the aftermath of the financial crisis.

Simple and awesome. Injustice really sucks.

[Posted at the SpookyWeather blog, February 18th, 2013.]


steven andresen said...


The problem for Senator Warren is that there are too few of her. Without her there is no one else asking intelligent and understandable questions. So, it would be easy to argue to someone, "...listen, you don't want to get into that mess that she's stirring up. It would not be smart. She's making a lot of powerful enemies. You don't want them to come after you, do you..." And the more she makes her enemies uncomfortable the more ammunition they will have to scare away any potential allies.

There was a reason that the powers opposed her being in the commission to push for consumer protection in business. That reason will still be there as she asks these kinds of questions in the Senate.


SpookyOne said...


I remember the Senator Paul Wellstone crash. He was independent and ready to take on issues of the Iraq war and corruption in general I believe.

The plane crash 'investigation' into his death was highly irregular and claimed bad weather as a factor when there was no evidence to support such an assertion.

I think he was assassinated. I hope Senator Warren does not meet a similar fate!