Warren: Wall Street Fighting A “Guerrilla War” Against Regulations

Warren: Wall Street Fighting A “Guerrilla War” Against Regulations. From the article: “Well, this is about accountability,” Elizabeth Warren said about her call for Jamie Dimon to step down as CEO of JPMorgan Chase. “You know, the banks have been loading up on risk and they don’t want to be accountable. And Jamie Dimon not only is CEO of JPMorgan Chase, he holds this position of public trust, advising the New York Fed on how to regulate risk for these large financial institutions like his own financial institution.” If accountability is the issue we have a much better idea. Let them fail. Let them go out of business. Let them end up in bread lines, soup kitchens and going door to door trying to get work mowing our lawns. Of course a committed corporatist like Elizabeth Warren could never allow for that solution. That gives the power to the market. That gives the power to the consumer. That gives the power to the people. And if that were ever to happen there would be precious little left for her to use in that never ending quest to control our lives.