Senator Warren isn’t asking the question of “When was the last time you took a big bank to trial?” just for political points and projecting the appearance of being “tough” but rather, trying to address some real issues that are way overdue. Senator Warren should not be expected to shoulder the entire burden of reforming the system, i.e., rooting out corruption, incompetence, indifference, cynicism, and laziness, by her efforts alone. It has been cited elsewhere, other policymakers of wanting to achieve like-minded reforms. Shelia Bair, the current chair of the Systemic Risk Council (http://bit.ly/13cvkPo) continues to advocate for the same common good (even if this article is a bit dated: http://bit.ly/xSZvqD ); e.g. shareholders can apply pressure to the board of directors in their respective companies, to "downsize" their risk exposures. Speaking of shareholders and corporate governance, President Obama’s SEC nomination of Mary Jo White (http://bit.ly/Wfeiy7) doesn’t look too promising; she should withdraw her name; there’s too many instances where either or both, a conflict of interest and/or having to recuse herself on almost everything that comes across her desk, makes her SEC responsibilities and duties meaningless.



Can’t wait for Liz to dress down Goldman Sachs and Company.



The Senate Hearings will come to order!

