Home World Events Politics Elizabeth Warren Shreds Citigroup for Redrafting Wall Street Giveaway Into Government Spending...

Elizabeth Warren Shreds Citigroup for Redrafting Wall Street Giveaway Into Government Spending Bill

Washington and, in particular, economic legislation are often controlled by lobbyists, especially from the big banks.

In 2010, during the final debate about establishing the Consumer Financial Protection Bureau, before Warren was a senator, she was asked about an attempt to render toothless the unborn agency. “My first choice is a strong consumer agency. My second choice is no agency at all, and plenty of blood and teeth left on the floor,” she quipped at the time.

This week, she and other Democrat leaders fought to keep a major Wall Street giveaway out of a must-pass spending bill. By Friday night, after it was clear the battle was lost, the Massachusetts Democrat took the Senate floor and landed a right cross on Wall Street giant Citigroup’s jaw that will leave Citi reeling for a long time, and some think may even catapult her into running in the 2016 presidential primary against Hillary Clinton.

After listing a number of top Citi executives who’ve taken up jobs in the Obama administration, she addressed Citi directly, noting that she agreed that Wall Street reform wasn’t perfect.

‘I agree with you. Dodd-Frank isn’t perfect. It should have broken you into pieces,’ Warren said.

John Andress
Having had many eclectic experiences and expressing interest in so many varied things in life has suited my role as Editor-in-Chief of Vision Times. Being trained in the sciences, I worked in the medical field. Scuba diving was a passion, being part owner of a scuba shop, and I enjoyed diving around the world. Raising reptiles of all sorts, including poisonous snakes, was also one of my hobbies when living in the U.S. After moving to Australia in the 80s, I became an avid organic grower of tropical fruits and vegetables, which my wife and I partake of year-round, as well as many of our friends. My newest endeavor has been to become a “bikie” — an eBikie, which I do every day not only to get exercise, but also to have a break from slaving over my computer most of the day. Obviously, China is also a passion, which is something VT specializes in, so I feel very fortunate to have a role here at Vision Times.

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