Elizabeth Warren on Bank Bailouts
on Tuesday, November 11, 2014Elizabeth Warren Money Quotation saying Americans can’t believe that banks complain about tough laws while earning billions. Elizabeth Warren said:
“Americans … are appalled by Wall Street banks that got taxpayer bailouts and now whine that the laws are too tough, even as they rake in billions in profits” — Elizabeth Warren
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In this quote, Elizabeth Warren is criticizing large Wall Street banks that received government bailouts during the financial crisis but now complain that regulations on their industry are too strict. She argues that it is unfair and hypocritical for these banks to accept taxpayer money to rescue them but then lobby against rules meant to prevent future crises, especially since they have returned to making huge profits.
Warren’s message is that the banks should be grateful for the bailouts and not push back so strongly against laws intended to reform their practices and protect taxpayers and the economy.
John Darkow, Columbia Daily Tribune, Missouri
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