Elizabeth Warren Takes Off the Gloves

[JDPriestly]

111. Are we now dictators of world banking policies?

Nations around the world, with a very few exceptions, agree on drug policies that prohibit banks from laundering money.

We don't have to dictate world banking policies, but we can still enforce our laws here. Banks that launder drug money shoul be put out of business.

It's not Elizabeth Warren who engenders rage. It's the bankers and their repeated abuse of their position to make poor people even poorer and to push the hard-working middle classes into poverty.

They did it with the rancheros in Southern California. They did it with the farmers in the midwest during the Depression. And they did it to homeowners in 2008. It's repeated, and the Obama administration refuses to do anything about it. (I'm only mentioning a few of the banker's landgrabs in the past couple of hundred years. Banks have been doing this for a long time.)

"The alleged discount the banks are getting is the price some bond buyer is putting on the lack of government credibility." It's greed.

Savers are getting next-to-nothing for the money they deposit in the banks. Bond-holders are wealthier than ordinary savers and are taking advantage.