Posts Tagged ‘elizabeth warren’

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Elizabeth Warren: Bank Fines Don’t Work

Posted by admin on Tuesday, November 7, 2017


Elizabeth Warren Money Quote saying banks will not stop illegal actions until board members, executives are jailed, fired or held personally responsible. Fines don’t stop banks cheating. Elizabeth Warren said:
 
Big banks cheat their customers, fine paid by shareholders Quote
 

Time after time, big banks cheat their customers and no actual human beings are being held accountable. Instead, there is a fine, which ultimately is paid for by shareholders and not by executives and certainly not by directors of the board. And nothing is going to change at these big banks if that doesn’t change” — Elizabeth Warren

 

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In this quote, Elizabeth Warren is criticizing how large banks are not properly held accountable for wrongdoing. Some key points:

  • She notes that banks “cheat their customers” repeatedly over time.
  • When banks are fined, no individual executives or board members face personal consequences – only shareholders pay through the fine.
  • This means there is no real incentive for leadership to change behaviors if the penalties do not target them individually.
  • Warren argues that as long as fines are treated simply as a business expense by banks, rather than impacting those responsible, real reform will not happen.

Overall, she is arguing the system needs to change so that bank executives and directors face direct accountability and penalties for illegal/unethical actions, in order to incentivize changed behavior and deter future misconduct.

Elizabeth Warren: CFPB Returned Billions

Posted by admin on Saturday, January 14, 2017

Elizabeth Warren Money Quote saying the effectiveness of the Consumer Financial Protection Bureau is indisputable in protecting consumers in debt to bad actor banks and lenders. Elizabeth Warren said:
 
[CFPB] has returned nearly $12 billion directly to families who were tricked by big banks, payday lenders, debt collectors, and other financial institutions Quote
 

“[CFPB] has returned nearly $12 billion directly to families who were tricked by big banks, payday lenders, debt collectors, and other financial institutions” — Elizabeth Warren

 

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In this quote, Elizabeth Warren is highlighting the positive impact of the Consumer Financial Protection Bureau (CFPB). Some key points:

  • She notes that through its work, the CFPB has returned $12 billion directly to consumers.
  • This money has gone back to families who were deceived or treated unfairly by large banks, payday lenders, debt collectors and other financial companies.
  • Warren’s statement emphasizes that the CFPB has provided direct financial relief and restitution to many ordinary Americans who were victims of misconduct by powerful financial institutions.
  • She appears to be touting the CFPB’s successes and the tangible benefits it has delivered for members of the public in policing consumer financial products and services.

Overall, the quote paints the CFPB in a positive light by showcasing the billions of dollars it has recovered for individuals harmed by bad actions of banks and other companies in the financial sector.

Elizabeth Warren: Donald Trump Swampier

Posted by admin on Wednesday, November 30, 2016

Elizabeth Warren Money Quote saying Donald Trump choosing cabinet that makes the swamp more murky and fills it with monsters. Elizabeth Warren said:
 
[Mnuchin's] selection as Treasury Secretary should send shivers down the spine of every American who got hit hard by the financial crisis, and is the latest sign that Donald Trump has no intention of draining the swamp and every intention of running Washington to benefit himself and his rich buddies Quote
 

“[Mnuchin’s] selection as Treasury Secretary should send shivers down the spine of every American who got hit hard by the financial crisis, and is the latest sign that Donald Trump has no intention of draining the swamp and every intention of running Washington to benefit himself and his rich buddies” — Elizabeth Warren

 

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In this quote, Elizabeth Warren is strongly criticizing Steven Mnuchin’s nomination as Treasury Secretary. Some key points:

  • She says Mnuchin’s selection should “send shivers down the spine” of Americans hurt by the financial crisis, as he worked for a bank involved in foreclosures.
  • Warren argues this shows Trump has no plans to “drain the swamp” and reform Washington as he claimed, but rather wants to “run Washington to benefit himself and his rich buddies.”
  • By appointing Mnuchin, who profited from the crisis, she feels Trump is not representing average Americans but wealthy elites.
  • Overall, the quote paints Mnuchin as the wrong choice and a sign that Trump plans to look out for the rich, not fix corruption as he promised, in Warren’s view.

Elizabeth Warren: Foreclosing on Families

Posted by admin on Wednesday, November 30, 2016

Elizabeth Warren Money Quote saying that Steven Mnuchin is a bank fox guarding the banker henhouse he raided and got richer with. Elizabeth Warren said:
 
[Mnuchin] spent two decades at Goldman Sachs helping the bank peddle the same kind of mortgage products that blew up the economy and sucked down billions in taxpayer bailout money, before he moved on to run a bank that was famous for aggressively foreclosing on families Quote
 

“[Mnuchin] spent two decades at Goldman Sachs helping the bank peddle the same kind of mortgage products that blew up the economy and sucked down billions in taxpayer bailout money, before he moved on to run a bank that was famous for aggressively foreclosing on families” — Elizabeth Warren

 

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In this quote, Elizabeth Warren is strongly criticizing Steven Mnuchin’s nomination as Treasury Secretary. Some key points:

  • She says Mnuchin’s selection should “send shivers down the spine” of Americans hurt by the financial crisis, as he worked for a bank involved in foreclosures.
  • Warren argues this shows Trump has no plans to “drain the swamp” and reform Washington as he claimed, but rather wants to “run Washington to benefit himself and his rich buddies.”
  • By appointing Mnuchin, who profited from the crisis, she feels Trump is not representing average Americans but wealthy elites.
  • Overall, the quote paints Mnuchin as the wrong choice and a sign that Trump plans to look out for the rich, not fix corruption as he promised, in Warren’s view.

Elizabeth Warren: We Work for Big Pharma?

Posted by admin on Wednesday, November 30, 2016

Elizabeth Warren Money Quote saying in a floor speech opposing the 21st Century Cures Act, which includes corrupt giveaways for big pharma as well as good legislation. Elizabeth Warren said:
 
Does the senate work for big pharma that hires lobbyists and people who make giant campaign contributions, or does the senate work for the American people who actually sent us here? Quote
 

“Does the senate work for big pharma that hires lobbyists and people who make giant campaign contributions, or does the senate work for the American people who actually sent us here?”

 

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In this quote, Elizabeth Warren is directly challenging who the Senate represents and works for. Some key points:

  • She poses the question of whether the Senate works for “big pharma” companies that employ lobbyists and make large political donations.
  • Or, does the Senate work for “the American people who actually sent us here” through elections.
  • Warren appears to be implying the Senate is more responsive to pharmaceutical industry influence campaigns than the voters who elected Senators.
  • She is calling out the industry’s lobbying and campaign contributions as a way to gain political influence and question whose interests the Senate prioritizes.
  • Overall, the quote frames it as a choice – does the Senate serve big donors and lobby groups, or the American public? Warren suggests the former has more sway currently.


 

Elizabeth Warren: Gamble With Economy

Posted by admin on Friday, November 11, 2016

John Darkow, Columbia Daily Tribune, Missouri

John Darkow, Columbia Daily Tribune, Missouri


 

Elizabeth Warren Money Quote saying she will fight repeal of Dodd-Frank and will not allow Consumer Financial Protection Bureau to be gutted as Trump has vowed during election fight. Elizabeth Warren said:

 
If Trump and the Republican Party try to turn loose the big banks and financial institutions so they can once again gamble with our economy and bring it all crashing down Quote

“If Trump and the Republican Party try to turn loose the big banks and financial institutions so they can once again gamble with our economy and bring it all crashing down, then we will fight them every step of the way
— Elizabeth Warren

 

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In this quote, Elizabeth Warren is directly challenging who the Senate represents and works for. Some key points:

  • She poses the question of whether the Senate works for “big pharma” companies that employ lobbyists and make large political donations.
  • Or, does the Senate work for “the American people who actually sent us here” through elections.
  • Warren appears to be implying the Senate is more responsive to pharmaceutical industry influence campaigns than the voters who elected Senators.
  • She is calling out the industry’s lobbying and campaign contributions as a way to gain political influence and question whose interests the Senate prioritizes.
  • Overall, the quote frames it as a choice – does the Senate serve big donors and lobby groups, or the American public? Warren suggests the former has more sway currently.

Elizabeth Warren: Bank CEO Massive Fraud

Posted by admin on Wednesday, October 12, 2016

Senator Elizabeth Warren Money Quote saying about former CEO of Wells Fargo Bank, John Stumpf that he should face prosecution for fraud. Senator Elizabeth Warren said:
 
A bank CEO should not be able to oversee a massive fraud & simply walk away to enjoy his millions in retirement Quote
 

“A bank CEO should not be able to oversee a massive fraud & simply walk away to enjoy his millions in retirement” — Elizabeth Warren

 

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In this quote, Elizabeth Warren arguing that bank executives should not be able to commit major misconduct or illegal acts and then face no real consequences. Some key points:

  • She refers to a bank CEO “oversight of a massive fraud”, implying serious wrongdoing or corruption.
  • Warren states that such a CEO should not just be able to “simply walk away to enjoy millions in retirement” after such an offense.
  • This suggests she believes executives personally responsible for significant corporate fraud or other financial crimes should face stronger penalties than just being allowed to retire wealthy.
  • The quote conveys Warren’s view that bank leaders need to be held personally accountable for major transgressions on their watch, rather than escaping punishment by resigning.

Overall, Elizabeth Warren appears to be advocating for tougher accountability and enforcement against top banking executives involved in legal/ethical breaches.

Elizabeth Warren: Bankers Don’t Like Me

Posted by admin on Tuesday, June 28, 2016

Elizabeth Warren Money Quote in response to JP Morgan Chase CEO Jamie Dimon suggestion she doesn’t know how global banking works. Elizabeth Warren said:
 
The problem for these guys is that I fully understand the system, and I understand how they make their money, And that’s what they don’t like about me Quote
 

“The problem for these guys is that I fully understand the system, and I understand how they make their money, And that’s what they don’t like about me”– Elizabeth Warren

 

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In this quote, Elizabeth Warren is conveying her understanding of the financial industry and how her knowledge poses a threat to certain powerful interests. Some key points:

  • She refers to “these guys” who are opposed to her, likely Wall Street executives and others who benefit from the status quo.
  • Warren states that she fully understands “the system” of how the financial sector operates and how profits are made within it.
  • She notes that these people “don’t like” her specifically because she comprehends their business model and practices.
  • This implies Warren can more effectively challenge the industry and push for reforms because she knows how they function from the inside.

Overall, the quote suggests Elizabeth Warren sees her informed perspective on the financial world as a problem and source of opposition for those who prefer to maintain the current system without oversight or accountability.

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