Elizabeth Warren, aka "Chief Speaking Bull", is taking on Donald Trump?
According to this Washington Post article, she decided to broadside Trump over his role in the housing crisis, which was to swoop in and buy property at deflated values, which is actually what smart investors do.
Trump's reply to Faux-Cahontis:
“I am a businessman, and I have made a lot of money in down markets,” he said in a statement distributed to reporters. “In some cases, as much as I’ve made when markets are good. Frankly, this is the kind of thinking our country needs, understanding how to get a good result out of a very bad and sad situation.”
I already covered Warren in this post from April, but now she is bringing new material:
“Donald Trump is worried about helping poor little Wall Street?” Warren asked. “Let me find the world’s smallest violin to play a sad, sad song.”
“Can Donald Trump even name three things that Dodd-Frank does? Seriously, someone ask him,” she added.First, let's ask Warren if she actually read Dodd-Frank? American legislators are already notorious for not reading legislation.
Second, even if she did, ask Warren if the too-big-to-fail (TBTF) banks are gone? Reduced in size? Broken up? Anything?
When Dodd-Frank was signed into law in July, 2010, JPMorgan Chase had total assets over $2.0 trillion. As of March, 2016, their assets totaled over $2.4 trillion. Mind you, their assets were as high as $2.57 trillion in March, 2015.
The fact is the legislation did NOTHING to the TBTF banks, who are even bigger than before. Dodd-Frank was bought and paid for by the TBTF banks before it was even conceived. If Warren is serious about fixing Wall Street, maybe she needs to quit going along with her party's establishment, which is already owned by Wall Street. Just ask Hillary Clinton who her sugar daddy is.
I won't hold my breath waiting for Liz Warren to hold Hillary accountable.
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