SPEAK TRUTH TO POWER: Elizabeth Warrens remarks are worth reading or listening to. Manywill argue that this speech, alone, is also an argument for her candidacy for the presidency… [This phrase has come to mean speaking out to those in authority and originated with the Quakers in a 1955 pamphlet (Speak Truth to Power: A Quaker Search for an Alternative to Violence) promoting pacifism, in the belief that love can overcome hatred. ] https://youtube/watch?v=DJpTxONxvoo#t=47 “Democrats dont like Wall Street bailouts. Republicans dont like Wall Street bailouts. The American people are disgusted by Wall Street bailouts And yet here we are, five years after Dodd-Frank with Congress on the verge of ramming through a provision that would do nothing for the middle class, do nothing for community banks, do nothing but raise the risk that taxpayers will have to bail out the biggest banks once again... So let me say this to anyone who is listening at Citi[group]. I agree with you Dodd-Frankisnt perfect. It should have broken you into pieces! If this Congress is going to open up Dodd-Frank in the months ahead, then lets open it upto get tougher, not to create more bailout opportunities. If were going to open up Dodd-Frank, lets open it up so that once and for all we end too big to fail and I mean really end it, not just say that we did. Instead of passing laws that create new bailout opportunities for too big to fail banks, lets pass...something...that would help break up these giant banks. A century ago Teddy Roosevelt was Americas Trust-Buster. He went after the giant trustsand monopolies in this country, and a lot of people talk about how those trust deserved to be broken up because they had too much economic power. But Teddy Roosevelt said we should break them up because they had too much political power. Teddy Roosevelt said break them up because all that concentrated power threatens the very foundations up our democratic system. And now were watching as Congress passes yet another provision that was written by lobbyists for the biggest recipient of bailout money in the history of this country. And its attached to a bill that needs to pass or else we entire federal government will grind to a halt. Think about that kind of power. If a financial institution has become so big and so powerfulthat it can hold the entire country hostage. That alone is reason enough to break them up. Enough is enough.
Posted on: Sat, 13 Dec 2014 19:18:06 +0000
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