Washington and, in particular, economic legislation are often controlled by lobbyists, especially from the big banks.
In 2010, during the final debate about establishing the Consumer Financial Protection Bureau, before Warren was a senator, she was asked about an attempt to render toothless the unborn agency. “My first choice is a strong consumer agency. My second choice is no agency at all, and plenty of blood and teeth left on the floor,” she quipped at the time.
This week, she and other Democrat leaders fought to keep a major Wall Street giveaway out of a must-pass spending bill. By Friday night, after it was clear the battle was lost, the Massachusetts Democrat took the Senate floor and landed a right cross on Wall Street giant Citigroup’s jaw that will leave Citi reeling for a long time, and some think may even catapult her into running in the 2016 presidential primary against Hillary Clinton.
After listing a number of top Citi executives who’ve taken up jobs in the Obama administration, she addressed Citi directly, noting that she agreed that Wall Street reform wasn’t perfect.
‘I agree with you. Dodd-Frank isn’t perfect. It should have broken you into pieces,’ Warren said.