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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMichele Bachmann On Elizabeth Warren: 'She Is In No Way A Populist'
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"I don't see Elizabeth Warren as someone Republicans have to worry about, not at all. Elizabeth Warren, after all, was a major advocate of Dodd-Frank," Bachmann said, referring to the 2010 Wall Street reform law that established the Consumer Financial Protection Bureau (CFPB), which Warren designed and lobbied for.
The 2010 law also aimed to reform the way Wall Street is regulated -- but not in Bachmann's telling.
"Dodd-Frank is the biggest insider legislation giveaway that there's ever been," Bachmann said, speaking to HuffPost in the Capitol. "If any one is aligned with elites, it's Elizabeth Warren. She is in no way reflective of where the average American is, because what she did through Dodd-Frank was institutionalize bailouts for the major investment banks forever. That's what she did. So now the taxpayers are on the hook for who? The Goldman Sachs of the world? I mean, really? So that's what she's behind, so she is in no way a populist. Her views are among what the American people are rejecting."
Credible figures from across the political spectrum have criticized Dodd-Frank for institutionalizing the protection of too-big-to-fail banks. And Warren is closely associated with Wall Street reform, which she pushed hard for. She was not a senator in 2010 and was much more focused on the CFPB than other provisions, but it isn't unfair to connect her to the broader bill.
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More at:http://www.huffingtonpost.com/2014/06/13/michele-bachmann-elizabeth-warren_n_5492950.html
warrior1
(12,325 posts)yeoman6987
(14,449 posts)but really don't know much about it. Was it good or bad? Democrats passed it so it could be good. I honestly don't know. Can somebody smarter then me (most of you), explain this to me?
el_bryanto
(11,804 posts)TheBlackAdder
(28,237 posts)Wounded Bear
(58,758 posts)Gothmog
(145,751 posts)Bachman is an idiot
monmouth3
(3,871 posts)somewhat jealous of Elizabeth because..you know....brains....LOL..
Half-Century Man
(5,279 posts)Until last week, she thought Elizabeth Warren enacted legislation about Barney Frank and his spouse.
Blue Owl
(50,536 posts)<>
fujiyama
(15,185 posts)struggle4progress
(118,379 posts)the return of our dear Michele Bachmann to private employment, far (we must hope) from the cameras and microphones that have, for so long now, spread her moonbeams far and wide
Mnpaul
(3,655 posts)at the Minnesota State fair. What would she know about populism?