This Influential Senator Supports Bernie Sanders' Wall Street Reform Plan

[leftcoastmountains]

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Senator Elizabeth Warren has not yet endorsed a presidential candidate, but she unleashed a series of tweets on Wednesday praising Senator Bernie Sanders for his stand on Wall Street reform.

The admiration is mutual: Sanders referred to Warren in a speech Tuesday that laid out the Democratic candidate’s plan to reform Wall Street. Sanders voiced his support for reinstating the Glass-Steagall Act, a legislation proposed by Warren that would create a firewall between commercial and investment banking. “Let’s be clear: This legislation, introduced by my colleague Sen. Elizabeth Warren, aims at the heart of the shadow banking system,” Sanders said in the speech delivered in New York City. “In my view, Sen. Warren, is right.”

In the speech, Sanders also promised to break up the biggest “commercial banks, shadow banks, and insurance companies whose failure would pose a catastrophic risk to the United States economy without a taxpayer bailout.” Warren echoed Sanders’ concern over the continued prominence of financial institutions whose failure could spark another financial disaster.

http://fortune.com/2016/01/07/sanders-warren-reform/

[libdem4life]

1. She's a treasure...where is her best role...time will tell.