American - Public | June 22, 1949 -
I don't think anyone went the polls and said, 'I am casting my vote to make sure that Wall Street has better chances to make bigger profits off the backs of the American people.'
Elizabeth Warren
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Early 2000s, we get Enron, which tells us the books are dirty. And what is our repeated response? We just keep pulling the threads out of the regulatory fabric.
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It worries me about what happens if people in government are looking for that next job: 'Yeah I'm working now, not as much money as I could be making, but when I leave here, that's where I'm headed.' That ultimately infects whatever it is that they're doing.
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We all understand that we are living longer, and we are more likely to spend more years as frail, elderly people who can't work. We also recognize that the wonderful advances in medicine also come with wonderful price tags. Those are things you can't budget around.
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In 1978, we adopted a new Bankruptcy Code in the United States, and a principal part of this was designed to adjust to the new corporation, to find ways to let a corporation that had gotten into financial trouble reorganize itself. A big part of the selling point on this bankruptcy law was, 'It will preserve jobs.'
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Every time the U.S. government makes a low-cost loan to someone, it's investing in them.
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You can put handcuffs on people who push the envelope. When they break the law, they deserve to have handcuffs.
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