Elizabeth Warren Asks Newly Chatty FBI Director to Explain Why DOJ Didn’t Prosecute Banksters

Like many Americans, Sen. Elizabeth Warren wants to know why the DOJ hasn't criminally prosecuted anyone responsible for the 2008 financial crisis. On Thursday, Warren released two highly provocative letters demanding some explanations. One is to DOJ Inspector General Michael Horowitz, requesting a review of how federal law enforcement managed to whiff on all 11 substantive criminal referrals submitted by the Financial Crisis Inquiry Commission (FCIC), a panel set up to examine the causes of the 2008 meltdown

Money Manager Thinks “High-Decibel” Elizabeth Warren Doesn’t Know Her Place

Roger Lowenstein, the journalist-turned-chairman of the Sequoia mutual fund, criticizes Warren, “the nation’s unelected regulatory czar,” for being too outspoken about the financial industry. Lowenstein is the director of a mutual fund, which stands to lose significant market share if investors leave for index funds. So his hit job on Elizabeth Warren has the dual purpose of lobbying a regulatory agency to protect his business.

New Bank Law Is Already Making Banks Bigger

The proposed $28 billion merger
announced Thursday between large regional banks SunTrust and BB&T
is the biggest banking tie-up since the financial crisis, creating what
would become the nation’s sixth-largest bank. And it’s a direct result
of actions taken by the Trump administration and the bipartisan group of
lawmakers who passed a bank deregulation bill in 2018.

Elizabeth Warren Makes Big Move on Climate Policy

One of America’s major
political parties may not yet be willing to acknowledge that climate
change is real, but it is already having significant effects on the U.S.
military. Flooding in Nebraska and a hurricane in Florida
that damaged military installations led to a recent Pentagon request of
$5 billion in relief money. Now Sens. Elizabeth Warren, D-Mass., and
Jack Reed, D-R.I., are calling on the Government Accountability Office
to assess military contractors’ vulnerability to climate risks.

Elizabeth Warren Wants to Tax Corporations on the Profits They Claim Publicly

Sen. Elizabeth Warren is unveiling a new way to tax corporations: Take them at their word.
Due to the vagaries of American
corporate accounting, companies routinely tell investors on conference
calls that they made billions in profit over the previous quarter, then
turn around and tell the IRS that, actually, they made no money at all,
so they don’t owe any taxes. Warren’s plan would tax those companies on
the profits they claim publicly.

As Warren Gains in Race, Wall Street Sounds the Alarm

With a populist message that promises to rein in corporate excess, Ms. Warren has been facing more hostility from the finance industry than any other candidate. From corporate boardrooms to breakfast meetings, investor conferences to
charity galas, Ms. Warren’s rise in the Democratic primary polls is
rattling bankers, investors and their affluent clients, who see in the
Massachusetts senator a formidable opponent who could damage not only
their industry but their way of life.