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Thom's blog
Sen. Elizabeth Warren says banking should be boring!
Senator Elizabeth Warren wants to make banking boring again. Yesterday, the freshman senator introduced the 21st Century Glass Steagall Act, which would break up the big banks, and rebuild the wall between traditional banking and Wall Street gambling. In a statement, Senator Warren said, “Despite the progress we've made since 2008, the biggest banks continue to threaten the economy.”
Senators John McCain and Maria Cantwell, the pair who attempted a similar bill back in 2009, joined Senator Warren as she introduced her new legislation. Of course, taking on the “too-big-to-fail” banks won't be an easy challenge. Previous attempts to reign in bank size and power were met with huge resistance from the banksters, who railed against proposals to break up the banks.
Brian Moynihan, CEO of Bank of America, said the so-called “universal banking system” is the “most important” model there is. He argued that banks “can't be competitive if [they] can't provide all those services to [their] customers.” And, JPMorgan's CEO Jamie Dimon has even tried to make the case that “too-big-to-fail” banks are a good thing. Last year, he told the New Yorker magazine, “There are huge benefits to size” and “that's what capitalism is.” But, Senator Elizabeth Warren isn't buying any of their talking points.
Since the day she was elected, Senator Warren has worked hard to hold banksters accountable for wrecking our economy, and proposed rules to prevent it from happening again. When she introduced the 21st Century Glass Steagall Act yesterday, she said, “The four biggest banks are now 30% larger than they were just five years ago, and they have continued to engage in dangerous, high-risk practices that could once again put our economy at risk.” We know the banksters won't give up their power easily, but Senator Elizabeth Warren isn't backing down without a fight.
-Thom
(What do you think? Tell us here.) |
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Tonight on The Big Picture on RT TV at 7pm and 9pm... Former Congressman Bob Ney, "Sideswiped: Lessons Learned Courtesy of the Hit Men of Capitol Hill" (check your local listings for stations or stream at RT, and catch past shows on Youtube)
Conversations with Great Minds- Former Congressman Bob Ney, "Sideswiped: Lessons Learned Courtesy of the Hit Men of Capitol Hill" 
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Thursday's Daily Stack 
Hour One: Limited government is right wing bunk- Jada Thacker, Ed.D., Consortium News
Article: " Constitution of the United States" Article 1, section 8". "The Congress shall have power to lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defense and general welfare of the United States;" Article: " 10th Amendment" " The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people".
The Big Picture- Nate Sweet, The Big Picture producer
Is Libertarianism the velvet glove over the iron fist of racism?
Hour Two: Why are some environmentalists supporting nuclear power?- Ted Nordhaus, Breakthrough Institute
WOW! More nuclear waste leaking from Fukushima- Kevin Kamps, Beyond Nuclear
Hour Three: Koch Brothers are waging war on the poor...
Geeky Science - could a smarter human hybrid be on the way?
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Friday on The Thom Hartmann Program, 3-6pm ET
Hour One: It's Friday and that means it's "Brunch With Bernie"... America's Senator...Senator Bernie Sanders will be here talking about all the important issues of the week and he'll be taking your calls too...
Hour Two: Zimmerman trial coverage- Debbie Hines, Legal Speaks
Hour Three: Anything Goes on Townhall Friday
And, the best of the rest of the news and your calls right here on...
The Thom Hartmann Program...your media support group for "we the people"...
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Monday on The Thom Hartmann Program, 3-6pm ET
We'll have all the news & information from the weekend including the latest on the Zimmerman trial...verdict or no verdict...
Plus, I'll have a rumble with the Discovery Institute's Dr. Steve Meyer (author of the new book "Darwin's Doubt") on intelligent design vs. evolution...
And, the best of the rest of the news along with your calls right here on...
And remember...Democracy is NOT a spectator sport...it begins with you...
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Thom's Poll
Will the GOP's continued war against women’s rights hurt them in 2014?
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Watch & Listen to Thom
Koch brothers waging war against the poor...
Your Take/My Take Live - Caller calls Thom a Liar!
Geeky Science: Is a smarter human hybrid on the way?
Crazy Alert! Kitty cat selfies!
TAFTA & TPP...Corporate Power Tools of the 1%
Do Bible thumpers and Ayn Randians belong together?
Is Libertarianism the velvet glove over the iron fist of racism?
Or watch the Full "Big Picture" Show...
Full Show 7/11/13: The Koch Brothers War Against the Poor
Thom debates Libertarian Tim Cavanaugh about the racist history of the libertarian and conservative parties, and talks TAFTA and TPP with Public Citizen's Lori Wallach. Thom takes viewer video questions and phone calls in "Your Take, My Take Live," and in tonight's "Daily Take" Thom discusses the Koch Brothers latest war against our nation's poor.
Thom Hartmann on the News: July 11, 2013
Caller: Hey Thom, Where are your Windmills?
Why are some environmentalists jumping on the pro-nuke bandwagon?
Charles Koch: No Minimum Wage will Help the Poor
WOW! More nuclear waste leaking from Fukushima
Is Libertarianism the Velvet Glove Over the Iron Fist of Racism?
Limited Government is Right Wing Bunk
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 Would you like to help give a child with a very troubled background this feeling of peace? Thom and Louise Hartmann founded the New England Salem Children's Village (NESCV) in New Hampshire in 1979. With states delaying payment for the children they entrust to the village, they need help with cash flow. Can you help? Now on Facebook. |
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Show Info
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