Politico: Elizabeth Warren strikes fear into Wall StreetOf course they've been cooking their books. Wells-Fargo as much admitted to it, saying that part of their valuation of their securities is, in part, "based on significant assumptions not observable in the market", which is bankster-spreak for "we're making all this shit up."
NEW YORK — Some bankers hoped that Sen. Elizabeth Warren, the liberal firebrand who helped create the Consumer Financial Protection Bureau, would be subdued in her first term as she learned the ways of the Senate. Warren’s avoidance of the Beltway media appeared to stoke these hopes.
Well, forget it.
Warren, a Massachusetts Democrat, came out blazing Thursday in her first high-profile appearance as a member of the Senate Banking Committee, ripping into regulators and starkly suggesting banks might be cooking their books.
Fiction is one thing. Fiction being passed off as the value of something is pretty much cooking the books.
Go get `em, Senator!
Hear, Hear !!!!!
ReplyDeletecall me an eternal pessimist... but so what.
ReplyDeleteDo any bankers now get thrown in jail
Do any of these too big to fail banks get torn asunder
Admittedly, it is a sad state of affairs when we are reduced to cheering because ony one of 100 senators is not a performing lapdog of the banksters.
Delete