Charlie Rose and Elizabeth Warren (21 minutes)

Elizabeth Warren:
I’ve spent my time and my research on economic death and rebirth. And much of that was about what happened to America’s middle class, how we have hollowed out America’s middle class. It will not save us if a handful of Wall Street banks prosper and the rest of America fails.


I am afraid. I’m afraid because of what I see in the real economy. I’m afraid because I don’t see books that are clean, balance sheets that have been cleaned up. I’m afraid because in October of 2008, Secretary Paulson came to the American people and he said the problem is toxic assets on the books of the banks, and they’re still there.

Here’s the deal. Right now, the Fed has the power actually to do a lot of this. The Office of the Controller of the Currency, which is the federal bank regulator, has the power to do a lot of what this agency would do. But the truth is they don’t want to do it. They’re not interested in it. It’s not what they do.

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