Senator Elizabeth Warren (D-Mass.) has made a name for herself as an economic populist whose harsh critiques of too big to fail banking on Wall Street endears her to many poor and middle-class Americans.
But as has already been highlighted by her support of the crony-capitalist Export-Import Bank, Warrens commitment to opposing bailout banking may not be as thorough as she suggests.
This suspicion is deepened by Warrens opposition to a full audit of the Federal Reserve because she says it promotes congressional meddling in the Feds monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy.
As Robby Soave concludes at Reason, So the next time anyone talks about Warren in the context of a populist hero, remind them that the senator from Massachusetts believes the activities of the most powerful money-related institution in the country should be hidden from public scrutiny.
Bonnie Kristian is a columnist at Rare, a contributing writer at The Week, and a communications consultant for Young Americans for Liberty. You can find more of her work at www.bonniekristian.com or follow her on Twitter @bonniekristian Read more at http://rare.us/story/anti-wall-street-elizabeth-warren-wants-the-biggest-bank-in-america-to-operate-in-secrecy/#MJQz2aobhP4DIB53.99
Poster Comment:
Fauxcohontas is one stupid bitch.