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Wed Feb 3, 2016, 11:28 PM

Elizabeth Warren Defends Bernie Sanders From Goldman Sachs Criticism

Actually kind of big news here. Elizabeth Warren in her interview with IBTimes defended Bernie Sanders from Goldman Sachs’ criticism. Here’s a couple of snippets of what she said in the interview:

Warren, a Democrat, disputed that notion in harsh terms, telling IBT that such statements show why American voters should focus on Wall Street’s power during the 2016 election.

“When Blankfein says that criticizing those who break the rules is dangerous to the economy, then he’s just repeating another variation of ‘too big to fail,’ ‘too big to jail,’ 'too big even to prosecute,'” she said. “That tells you here we are, seven years after the crisis and these guys still don’t get it. Seven years. That crisis cost an estimated $14 trillion, it cost jobs, it cost homes, it cost retirement funds. And Lloyd Blankfein stands up and says ‘Don’t even criticize me, I ran a company that was right at the heart of some of the biggest financial frauds in history and made money off it, but don’t you dare criticize me.’ That’s his position? That’s why we need voters to get really engaged.” …….

“This is about who he put in charge, who he chose to head up those agencies,” she said. “Over at the Department of Labor or the Consumer Financial Protection Bureau, there have been really strong people who have leaned forward. In enforcement, it hasn’t been that way. On the enforcement side, it’s been very different.”

The result, she asserted, is a two-tiered justice system.

“In a time when literally thousands of people are being locked up every year for non-violent drug offenses or stealing a car, the CEO of a giant bank can help engineer the theft of hundreds of millions of dollars — and he gets a raise,” she said. “The executives of anotherbank can help organize the money laundering for drug cartels, and they don’t even get charged with a crime, while an addict [who] buys a few pills can land in jail for a year. This is two criminal justice systems.”


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