Elizabeth Warren and the End of Banks?
Hey guys,
Just wanted to hear your thoughts on Elizabeth Warren's election to senate. There has been a lot of speculation that her presence could mean bad news for some of the big banks. <a href="http://www.forbes.com/sites/halahtouryalai/2012/1… recent article</a> even called her the worst nightmare for Wall Street.
Do you think she will really be a problem? Or are we still dealing with post-election hyperboles?
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Post-election hyperboles. Very little is likely to change IMHO. But, as a Democrat and longtime liberal, I find Elizabeth Warren's extreme stances and hypocritical claims (she's "one of us" despite a NW of over $15MM) troubling to say the least.
She can't do much on her own, but I really hate the fact that she was elected. Just like Nancy Pelosi could only be elected in San Francisco, Warren could only be elected in MA. Scott Brown was a very solid senator - but he was thrown out in favor of Warren. She might be the closest thing the senate has to a socialist.
And her work setting up the CFPB is despicable. The CFPB is unaccountable, privately funded, and a massive overreach of government. It was created to solve a nonexistent problem. All it has done so far is create burdensome, yet ultimately pointless, regulations.
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