On 10th Anniversary of Wall Street Crash, Warren Says: Break Up the Banks and Jail the Bankers

[guillaumeb]

From the article:

With Saturday marking the tenth anniversary of the collapse of Lehman Brothers and the start of the worst financial meltdown since the Great Depression, Sen. Elizabeth Warren (D-Mass.) declared Thursday night that the only way to avoid another crisis is to break up the Wall Street banks that caused it and hold wealthy executives accountable for their crimes....

"We have got to change the rules," Warren declared, highlighting her effort to implement a 21st century Glass-Steagall Act to separate commercial and investment banking. "This Congress rolling back regulations on the biggest financial institutions, rolling back regulations on Wall Street, this is absolutely the wrong direction for us to go."

To read more:

https://www.commondreams.org/news/2018/09/14/10th-anniversary-wall-street-crash-warren-says-break-banks-and-jail-bankers?cd-

[empedocles]

1. Agreed.

It's amazing how homebuyers and 'investors' not only didn't learn lessons from the Crash - but seem oblivious to risk.

[guillaumeb]

2. The banks were saved.

The homebuyers?

A different story.

[MichMan]

3. I thought the Statute Of Limitations was in effect

Didn't know they could still be tried 10 years later. I wonder what it is for financial crimes

[guillaumeb]

4. Perhaps Warren was referring to ongoing fraud. eom