March 10, 2018

Word: Paul Wellstone had bank degulation risk right the first time

Elizabeth Warren  In the late 1990s, Senator Paul Wellstone tried to warn Congress against rolling back major federal regulations on banks. His colleagues didn't listen. They repealed Glass-Steagall and set the stage for the 2008 financial crisis. 

2 comments:

Geoffrey Levens said...

And interestingly, Paul Wellstone died in an airplane crash. Could well have been an accident but...

Anonymous said...

So much hope for Senator E. Warren when she first came on the scene. She said so many of the right things! Now she often still does say great things but has fallen in step with the Democratic side of the National War and Plunder Party.

The loss of Paul Wellstone (and family) was a blow to the entire country.

Thanks.