Elizabeth Warren said today on Morning Joe that regulators were too cozy and too impressed with the success of the people (based on their huge incomes) who ran the Banks and Investment Banks. Elizabeth Warren has demonstrated the guts and insight, as well as a concern for ethics and humanity (that so few seem to have) and should immediately be appointed Secretary of Treasury. She has no conflicts and no ties to Goldman Sachs!Paul Volcker whose track record of prescient good and independant judgement has earned him the right and need to be listened to about Wall Street, and especially the Banks - because they are now one and the same.
Today it is obvious that size is toxic - Volcker knows. This fact becqme self-evident in the aftermath of the "Great Depression." And once again, lies that size is necessary to compete globally are being advanced by Wall Street to maintain and support their unbridiled and unfettered (unrestricted) self-interested Greed. Think about Billions and Billions of bonuses and cash getting set to be paid out for highly speculative risk supported by taxpayer capital! Support Paul Volcker, write letters to Congress, get new people with historical judgement and ethics, people without ties to Wall Street and Goldman, to frame new legislation to stop all the Greed which is still alive and well. And help me find a way to get the best book about how this really happened and what to do about it into the public domain.