Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

SleeplessinSoCal

(9,837 posts)
29. there is such a potential financial crisis looming if WS isn't tackled
Thu Apr 16, 2015, 10:15 PM
Apr 2015

that most know "too big to fail" has to be broken up. But it needs financial experts who have a record and credence to accomplish it.

"Though a former partner at Goldman Sachs Group Inc., Gensler became a champion for strict new Wall Street regulation and was viewed by financial reform advocates as one of their top allies throughout his time as chairman of the CFTC. In his role at the agency, Gensler pushed hard for rules transforming one of the most lucrative parts of Wall Street before the crisis: derivatives, the products investor Warren Buffett famously labeled "financial weapons of mass destruction.’’ In frequent speeches, public and private meetings at the agency and testimony to Congress, he used his nearly five-year tenure in the job to seek dozens of rules reining in Wall Street’s control of the $700 trillion market."

I also believe Elizabeth Warren will be a major player in this mammoth project.

Recommendations

0 members have recommended this reply (displayed in chronological order):

We don't look backwards, Elizabeth Demeter Apr 2015 #1
I forgot about that little zinger. RiverLover Apr 2015 #2
Won't be any different awoke_in_2003 Apr 2015 #23
and you'll get the same result from President Hillary. Hoppy Apr 2015 #13
You betcha! Demeter Apr 2015 #15
Well with those kind of donors, no doubt Fearless Apr 2015 #21
K&R! Phlem Apr 2015 #3
Indeed. RiverLover Apr 2015 #4
If I could see Jamie Dimon once in an orange jumpsuit, I could die happy... malthaussen Apr 2015 #5
LOl, wouldn't that be amazing. Here's an image for us, Mal, to hold onto until that fine dream day~ RiverLover Apr 2015 #6
I could support that visual, if not reality. libdem4life Apr 2015 #7
recommended . nt Duppers Apr 2015 #8
The problem is the public does not understand numbers. gordianot Apr 2015 #9
Never happen. Wall St. is buying Hillary's presidency. nt valerief Apr 2015 #10
Yup. This, from another OP - djean111 Apr 2015 #14
DOJ Thespian2 Apr 2015 #11
. NYC_SKP Apr 2015 #12
Bravo Sen Warren. Break-up the banks. nm rhett o rick Apr 2015 #16
This message was self-deleted by its author Corruption Inc Apr 2015 #17
How can this be acceptable to any American? Dark n Stormy Knight Apr 2015 #18
request - can you cross post this to the PPRG (Populist Progressive Reform Group)? demwing Apr 2015 #19
Done RiverLover Apr 2015 #28
Hillary is the only candidate with a chance to do this. SleeplessinSoCal Apr 2015 #20
There ISN'T a chance in hell that she'd try to. FiveGoodMen Apr 2015 #22
don't bet the house . . . SleeplessinSoCal Apr 2015 #25
Oh yeah, he sounds terrific RiverLover Apr 2015 #26
there is such a potential financial crisis looming if WS isn't tackled SleeplessinSoCal Apr 2015 #29
Absolutely, coincidentally I posted Bill Black's interview about this very issue & how the gov't has mother earth Apr 2015 #24
Thanks right back to you for posting that interview. RiverLover Apr 2015 #27
Latest Discussions»Retired Forums»Elizabeth Warren»Elizabeth Warren has a ga...»Reply #29