Elizabeth Warren on the Senate floor this evening, delivering one of the most powerful congressional speeches I’ve ever heard, attacking the provision in the omnibus government spending bill that amends the Dodd-Frank banking reform bill to restore the promise of taxpayer bailouts to big banks that lose money on crazy derivative gambling. “On Wednesday I spoke to Democrats who are against bailouts. On Thursday I spoke to Republicans who say they’re against bailouts and asked them to vote their beliefs. Today I’m talking about a third group that has tremendous power in Washington, Citigroup.”
I admit, Dodd-Frank wasn’t perfect. It should have broken you into pieces.
J.J. Goldberg is editor emeritus of the Forward, where he served as editor in chief for seven years (2000-2007).