"My new bill to stop the backroom deals" by Elizabeth Warren

[applegrove]

My new bill to stop the backroom deals

by Elizabeth Warren at"

http://elizabethwarren.com/blog/settlementsact

"SNIP...................................



Almost a year ago, during my first banking committee hearing, I asked several federal regulators a simple question: When was the last time you took a Wall Street bank all the way to a trial for breaking the law?

The regulators were stumped. After some hemming and hawing, they said they didn't need to take the biggest banks to trial for breaking the law because settlement agreements were tough enough to enforce the law.

I was little skeptical.

But here's the deal -- if the regulatory agencies are so confident that settlements are a good deal for the taxpayers they represent, then you would think they would be willing to publicly disclose the key terms and conditions of those agreements -- hang it right out there so everyone can see what a great job they did on behalf of the American people. But too many times, that isn't what they do.





....................................SNIP"

[calimary]

1. EXCELLENT!!!

Senator Warren, you are my Senator, even though, technically, you don't represent California. Hell, you represent EVERYBODY from coast to coast!!!!!

[NYC_SKP]

7. I love her!!!!!!! You know, we could remove that technicality!

If you guys are willing to share her!

[Plucketeer]

25. This woman is a genuine GEM of a legislator!

She needs to be at the desk in the Oval Office!

[Electric Monk]

2. This made it to the Greatest Page in 2 minutes flat, literally.

[Baitball Blogger]

3. I think Elizabeth Warren is my soul mate.

[InAbLuEsTaTe]

18. Hey, I saw her first, back off . . . lol

[NoOneMan]

4. She is scary

To those not in the Democratic Wing of the Democratic Party

[bvar22]

22. Just like Wellstone was "scary" to those not in the Democratic Wing....

...and we know what happened to him.
Please stay of of small planes, Elizabeth Warren.


[font color=firebrick][center]"There are forces within the Democratic Party who want us to sound like kinder, gentler Republicans.
I want a party that will STAND UP for Working Americans."
---Paul Wellstone [/font][/center] [center] [/font]
[font size=1]photo by bvar22
Shortly before Sen Wellstone was killed[/center][/font]

[blkmusclmachine]

28. Thank you, EW, for NOT seeking "compromise," "bi-partisanship," "the mushy middle," etc.

[Sgent]

32. Umm....

this is a bi-partisan bill, she introduced it with Tom Couburn

[pa28]

5. Why wouldn't senators from both parties support this kind of disclosure?

Surely, Senators Booker, Schumer and Gillibrand will agree that when regulators decide to act as judges they will have to explain their reasoning. Right?

It will be interesting to see who tries to throw cold water on this bill.

[InAbLuEsTaTe]

19. Why? Cuz it makes too much sense, that's why. But, agree, it's a no-brainer.

[zeemike]

20. It's a matter of national security...that is why it is secret.

If they tell us the terrorist win...you don't want the terrorist to win now do you?

[Cha]

6. Thanks applegrove!

[SaveOurDemocracy]

8. K&R !

[mountain grammy]

9. I love her because her disgust of this corrupt and evil system matches mine..

and she's in a position to do something.

[truedelphi]

33. Same here! n/t

[nilram]

10. She is so awesome! Here's how to contribute to her next campaign...

https://donate.elizabethwarren.com/page/contribute/

on edit: If each and every one of us contributed 10 bucks any time when we saw an organization or an elected official doing something *right*... we'd have more groups and people doing the right stuff out there.

[Left Coast2020]

11. I hope her next bill is to throw some of these banking SOB's in prison.

[truedelphi]

34. Good idea! n/t

[Iwillnevergiveup]

12. Anyone besides me

sending Senator Warren some tax refund moola?

[sheshe2]

13. Kick it!

We love you in Mass!

Thank you Senator Elizabeth Warren!

[Enthusiast]

14. Kicked and Recommended!

[unhappycamper]

15. That's my Senator!

k&r

[abelenkpe]

26. Wish she were mine! nt

[sendero]

16. It's time that Americans understand..

..... that right now if you are a big bank and you commit fraud that nets you $100,000,000 dollars in profit, your typical penalty is to pay a $20,000,000 fine. How is this justice? How is this even an incentive to behave?

[polynomial]

17. a new age in banking

Whereas we the people put forth a new age in banking.

Let it be written where those persons found to be duped by banking fraud, that bank is to forfeit all rights to said property in loans to those persons in a fraud mortgage.

No more bail outs for CEO’s or back room deals, with extra fines and convictions to be addressed. A direct action to ownership is transferred to that citizen for failed honest business conduct by said bank or mortgage concern.

Any bank this time forward will be liable to transfer property ownership free and clear of any leans or determinations caused by fraud in banking. Any fines or convictions because of fraud will be paid or, and with no less than ten years imprisonment.

The Congress of the free people in America in this new millennium do here by establish this as law of the land in all states.

Simple words change a whole lot...

[KoKo]

21. She didn't waste time worrying she was a Junior Senator...she Doesn't stop

Speaking out! She's the kind of Democrat that's so needed. Who doesn't waste time trying to get with the "in crowd" and worrying about speaking out of turn since she's only a Junior Senator. We've seen so many Dems we worked hard for get in there and you don't know what they heck happened to them once they get to DC.

[bvar22]

23. Now THAT is what a "DEMOCRAT" should sound like!!!

I'm old enough to remember when they DID sound like that.

The really sad thing is that Warren STANDS OUT.... for doing the job she was elected to do.
She really should be almost unnoticeable among all the other Democrats Doing THEIR jobs too.



[font color=firebrick][center]"There are forces within the Democratic Party who want us to sound like kinder, gentler Republicans.
I want a party that will STAND UP for Working Americans."
---Paul Wellstone [/font][/center] [center] [/font]
[font size=1]photo by bvar22
Shortly before Sen Wellstone was killed[/center][/font]

[rhett o rick]

24. Is there any truth to the rumor that Joe Lieberman is high on the short list

for VP if Clinton-Sachs wins the nomination? Beating out Zell Miller and Dick Cheney. (just kidding about Cheney, it wont be Dick but maybe Liz)

[bvar22]

29. They agree on more than they disagree on.

That is the problem I have with "Centrists";
they agree with Republicans too damn much.

If I wanted Half-Republicanism,
I would vote for Republicans 1/2 the time.

[rhett o rick]

30. Seems to me that centrists are willing to sacrifice economic equality for social changes.

I dont think they understand that once we are all paupers, the ruling elite can mess with our social issues to their hearts content.

[bvar22]

31. I know some will disagree,

...but I believe that Economic Fairness, Equal Economic Opportunity, and Equal Economic Protection IS the Biggest Social Issue.
The majority of the "Social Issues" wind up there ultimately.

[rhett o rick]

35. I totally agree. nm

[merrily]

40. They've been distracting us with other issues for over 4 centuries.

Time we put our eyes on the ball and kept them there.

[merrily]

41. Social issues are for divisiveness and distraction.

The rich keep their eye on the ball.

[blkmusclmachine]

27. This Country needs A LOT MORE than the empty rhetoric it normally gets on such issues.

Hope it works.

[WillyT]

36. HUGE K & R !!! - Thank You !!!

[Madmiddle]

37. banks

Haven't changed their predatory ways one iota. Jail time for CEO's is the only thing that will change these crooks.

[merrily]

39. +1

But jail is for poor people.

[merrily]

38. Keeping secrets from the people who pay all the bills?

[cntrygrl]

42. I absolutely LOVE this woman!