Warren\u2019s speech was an indictment not only of the financial institutions that \u201chave fought to delay and hamstring the implementation of financial reform,\u201d after \u201cexploiting consumers, larding their books with excessive risk, and making bad bets,\u201d but also of the regulators and lawmakers\u2014many from her own party\u2014who are refusing to hold the financial sector to account.<\/p>\n
Stanford economist Anat Admati in a new book argues with Warren that banks should fund their investments by selling a lot more stock and borrowing a lot less, especially in the form of run-prone short-term debt, as most other companies do. \u00a0\u00a0Elizabeth Warren on Banks Free Pass<\/a><\/strong><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Warren\u2019s speech was an indictment not only of the financial institutions that \u201chave fought to delay and hamstring the implementation of financial reform,\u201d after \u201cexploiting consumers, larding their books with excessive risk, and making bad bets,\u201d but also of the … Continue reading ![\"Warren\"](\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/11\/Warren-300x233.jpg\")
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