Sunday , December 22 2024
Home / Mike Norman Economics / Quint Forgey – How Elizabeth Warren would reform Wall Street

Quint Forgey – How Elizabeth Warren would reform Wall Street

Summary:
I will believe it when I see it. But it's a start. Elizabeth Warren — whose criticisms of big banks powered her decade-long political ascent from law professor and consumer advocate to top-tier White House contender — on Thursday unveiled her plan to take on Wall Street as president. "The truth is that Washington has it backwards. For a long time now, Wall Street’s success hasn’t helped the broader economy — it’s come at the expense of the rest of the economy. Wall Street is looting the economy and Washington is helping them do it,” Warren wrote in a blog post of her plan, which marks the latest plank in the candidate's platform of “economic patriotism.” Politico Quint Forgey - How Elizabeth Warren would reform Wall Street

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Mike Norman writes Trade deficit

Mike Norman writes Bond market now pricing in one 25 bps rate cut by Fed in 2025

New Economics Foundation writes What are we getting wrong about tax

Sandwichman writes The more this contradiction develops…

I will believe it when I see it. But it's a start.

Elizabeth Warren — whose criticisms of big banks powered her decade-long political ascent from law professor and consumer advocate to top-tier White House contender — on Thursday unveiled her plan to take on Wall Street as president.
"The truth is that Washington has it backwards. For a long time now, Wall Street’s success hasn’t helped the broader economy — it’s come at the expense of the rest of the economy. Wall Street is looting the economy and Washington is helping them do it,” Warren wrote in a blog post of her plan, which marks the latest plank in the candidate's platform of “economic patriotism.”
Politico

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *