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Politics Latest Messages: From OP..

Elizabeth Warren: Citibank owns the Obama administration. - On the senate floor she called out Obama

Posted: Jun 11th, 2018 - 3:29 am In Reply to: RT.com, right? - Anne

for being a wholly owned subsidiary of Citibank.

Her speech was prompted by a Wall Street bomb inserted at the last minute in the Omnibus spending package gutting a key provision from the already watered down Dodd-Frank Act of 2010. That provision regulated how banks trade in derivatives. The banks wanted to, once again, gamble with FDIC insured deposits and, if the derivative deals blow up as before, to be bailed out, once again, by taxpayers.

Obama, a master of triangulation, urged that, in the spirit of bipartisanship, members of Congress vote for the bill, which he has since signed. Senator Warren says the deregulation of derivatives was in the bill because Obama and his Citibank friends wanted it there.



LINK/URL: Elizabeth Warren: Citibank owns the Obama administration.

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