Elizabeth Warren

Federal Bureaucrats To The Public: Be Afraid!

States have always thrived on the fear of the taxpayers, and states have always justified their existence in part on the idea that without the state, we'd all be overrun by barbarians, or murdered by our neighbors. Keeping this tradition alive is Department of Homeland Security John Kelly who recently claimed that people would "never leave the house" if they "knew what I know about terrorism." 

Frontrunning: May 10

  • Trump fires FBI chief Comey, setting off political storm (Reuters)
  • Comey Firing Upends Russia Probes (WSJ)
  • White House Says Decision Stemmed From Comey’s Handling of Clinton Email Probe (WSJ)
  • Comey Ouster Threatens to Backfire on Troubled Trump White House (BBG)
  • Comey’s Deserved Dismissal (WSJ)

Elizabeth Warren Blasts Ignorant Obama For Abandoning Working Class That's "Getting Kicked In The Teeth"

"I think President Obama, like many others in both parties, talk about a set of big national statistics that look shiny and great but increasingly have giant blind spots.  That GDP, unemployment, no longer reflect the lived experiences of most Americans.  And the lived experiences of most Americans is that they are being left behind in this economy. Worse than being left behind, they’re getting kicked in the teeth."

Luring Trump Into Mideast Wars

"Tuesday’s poison-gas incident in Idlib thus offered a way out regardless of who was actually responsible. Trump decided to fire away before the facts were in because the enemy he is most worried about is not the one half a world away in Syria, but the Democratic-neocon alliance in his own backyard.  The only way for Trump to make peace with the “deep state” in Washington was by waging war on Syria."

Gary Cohn Backs Reinstating Glass-Steagal, Breaking Up Big Banks

The former Goldman Sachs Group Inc. executive who is the top White House economic adviser told lawmakers he could support legislation breaking up the largest U.S. banks, according to people familiar with the matter, a development that bolsters congressional efforts to reinstate the Depression-era Glass-Steagall law.

Trump Administration Rolls Back Obama Protections On Student Loans

Just days after reports emerged that student loan defaults are soaring, the Trump administration has revoked rules put in place by Obama that barred student debt collectors from charging penalty fees on past-due loans...that should take care of that pesky 'moral hazard' problem...

Steve 'Big Short' Eisman: Smart, Lucky, Abrasive (& Now One Of Them)

"In the movie he was portrayed as the moral compass. After hearing his praise for the awesome job Paulson did by saving the criminal Wall Street banks with taxpayer money, I think the justice and righteousness stuff is overdone. Earlier in his talk he said banks existed to “fuck you” – his exact words. Then later he says we had to save them or the world would have ended."

Ben Hunt's Mailbag - Life In Trumpland

"I wrote this note because I am so effin’ tired of being called a racist or a sexist because I don’t think that Donald Trump is evil incarnate... I think Trump is a narcissist and an ass, not a Fascist. Like most people in the financial services world, I deal with narcissists and asses every day … they’re not Hitler clones because the only thing they’re really true-believers about is their own self-aggrandizement."