{"id":20406,"date":"2015-04-17T11:52:14","date_gmt":"2015-04-17T15:52:14","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=20406"},"modified":"2015-04-17T11:52:14","modified_gmt":"2015-04-17T15:52:14","slug":"elizabeth-warren-throws-down-gauntlet-calls-for-genuine-financial-reform","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2015\/04\/17\/elizabeth-warren-throws-down-gauntlet-calls-for-genuine-financial-reform\/","title":{"rendered":"Elizabeth Warren Throws Down Gauntlet, Calls for Genuine Financial Reform"},"content":{"rendered":"

Naked Capitalism<\/em> has the article Elizabeth Warren Throws Down Gauntlet, Calls for Genuine Financial Reform<\/a>.<\/p>\n

At the Levy Conference, Elizabeth Warren launched a new campaign for tough-minded, effective financial regulation. This ought to be a straightforward call for restoring banking to its traditional role of facilitating real economy activity. Instead, in this era of \u201ccream for the banks, crumbs for everyone else,\u201d common-sense reforms to make banks deal fairly with customers and remove their outsized subsidies will no doubt be depicted by pampered financiers as an unfair plot to target a successful industry. But as we\u2019ve stressed, Big Finance gets more government support than any line of business, even military contractors. They are utilities and should be regulated as such. Thus even Warren\u2019s bold call to action falls short of the degree to which the financial service industry need to be curbed.<\/p><\/blockquote>\n

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