Ralph Nader has written a letter to the NY Times on Warren:
No wonder that Elizabeth Warren’s conservative proposals have Wall Street rattled. She offers comprehensive law and order to bring under control the corporate crime wave, the reckless speculation with “other people’s money” and the violations of fiduciary duties to their clients.
For years before and after the 2008 self-inflicted Wall Street crash — steeped in greed and conflicts of interest — the undertaxed financial firms have expected immunities and taxpayer bailouts, weaker regulation and diminished disclosures.
What Senator Warren is telling them is that the sheriff is coming to town. The Wall Streeters should not be above the law any longer.
https://www.nytimes.com/2019/11/07/opinion/letters/warren-ralph-nader.html
As soon as someone talks about banks "feeling entitled" to bailouts, I know to ignore them.
The "bailout" was a loan that the banks paid back to the government, with interest. American taxpayers profited from the bailout.
It was still corrupt and wrong.
