Friday, November 22, 2013

You Go Girl!

Hillary Clinton's close ties to Wall Street make it unlikely that she would support tougher financial regulation. Sen. Elizabeth Warren offers middle-class Americans their best chance to enact the reforms necessary to protect their financial health and to secure a sound retirement after a lifetime of hard work.

Warren on Social Security:
"Social Security is safe for at least the next 25 years and, if we act quickly, we can make modest changes that will keep the system solvent without cutting back on benefits. We need honesty and political will to move forward. Social Security is a promise made to our seniors and it would be a breach of trust--and just plain poor economic policy--to jeopardize this program with unnecessary cuts or risky privatization schemes."

Warren on Banking Regulations:
"It is critical that the American people, and not just their financial institutions, be represented at the negotiating table."

 “We’ve got to get back to running this country for American families, not for its largest financial institutions.” 

Warren on Bank Bailouts:
"The idea that taxpayer dollars go in first rather than last—after the equity has been used up—is shocking."

Warren on Student Loans:
“Instead of helping our students, the government is making a profit on student loans. That is wrong. It is morally wrong. That is obscene. The government should not be making profits off the backs of our students. Period.”

Warren on Credit Reform:
"Today, the big banks churn out page after page of incomprehensible fine print to obscure the cost and risks of checking accounts, credit cards, mortgages and other financial products. The result is that consumers can't make direct product comparisons, markets aren't competitive, and costs are higher."