General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsElizabeth Warren’s populist insurgency enters next phase
It's about more than politics or 2016. First comes a new plan to restore the economy and blow up the finance sector
If asked, Americans of all political persuasions will say overwhelmingly that they prefer tougher rules for Wall Street. But what does that actually mean?
You can frame this conventionally: supporting regulators, punishing rules violators, mopping up 2008-style disasters to limit the damage and attempting to prevent such chaos from happening again. But by tougher rules, maybe Americans are really signaling a vague but persistent dissatisfaction with an economy that has become dominated by the financial sector. And you can see within that how transforming banking back to its traditional purpose as a conduit for putting capital in the hands of worthwhile business ventures and driving shared prosperity would be one antidote to an unequal society full of financial titan gatekeepers, who confiscate a giant share of the money flowing through the system.
Sen. Elizabeth Warren in many ways the avatar of a new populist insurgency within the Democratic Party that seeks to combine financial reform and economic restoration will speak later today in Washington at the launch of a new report that marks a key new phase in this movement. Released by Americans for Financial Reform and the Roosevelt Institute and called An Unfinished Mission: Making Wall Street Work for Us the report is a revelation, because it finally invites fundamental discussions about these issues. Its 11 chapters from some of the leading thinkers on financial reform do look back at the successes and failures of the signal financial reform law of this generation, the Dodd-Frank Act. But the report also weaves in a story about how we can reorient finance as a complement to the real economy, rather than its overriding force. Mike Konczal, a fellow at the Roosevelt Institute and the co-editor of the report, tells Salon, The financial sector is still eating up a lot of GDP [gross domestic product], and its not clear what were getting out of it. We want to get the conversation at that level.
This report fills in the details, creating definable action items and goals that could serve as a marker for legislative and regulatory action, as well as primaries in the next several election cycles.
^^^^THIS^^^^
The rest: Elizabeth Warrens populist insurgency enters next phase http://www.salon.com/2013/11/12/elizabeth_warren%e2%80%99s_populist_insurgency_enters_next_phase/
xchrom
(108,903 posts)MannyGoldstein
(34,589 posts)Hillary has what it takes to reign in the bankers.
Honest, she does.
Regards,
America's Bankers
Jackpine Radical
(45,274 posts)I think you mean "reign with the bankers"
or rain (wealth) on the bankers
or "let the bankers reign"--
Right? My clue was your use of the word "reign" instead of "rein."
MannyGoldstein
(34,589 posts)Need more coffee...
But I do like your explanation better!
L0oniX
(31,493 posts)InAbLuEsTaTe
(24,122 posts)tridim
(45,358 posts)Dawgs
(14,755 posts)At least for some.
HappyMe
(20,277 posts)Half-Century Man
(5,279 posts)Here is my contribution; Ms. Warren has my support in whatever endeavor she chooses. Even if it is not my personal favorite.
America; love it or fix it.
LuvNewcastle
(16,844 posts)and policy by leading a grass-roots movement that would focus on these financial issues and whatever else might be important enough to warrant the attention of progressives. Such an organization could even draft candidates who would bring attention to their issues. The Democratic Party gets all sorts of input from various corporations and 'centrist' organizations. It's past time for progressives to start yelling as loud as the teabaggers do on the other side. Sen. Warren is the perfect person to lead such an organization that could be the voice of Democratic activists and regular voters.
InAbLuEsTaTe
(24,122 posts)Populist_Prole
(5,364 posts)Or if they can't dull her populism and be more corporatist.
Laelth
(32,017 posts)-Laelth
AmBlue
(3,110 posts)And here's the link: http://ourfinancialsecurity.org
Lots to read up on. Our beloved EW's pic is the first thing you see there. This woman is just amazing.