{"id":186701,"date":"2013-11-12T21:25:00","date_gmt":"2013-11-13T02:25:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2013\/11\/12\/elizabeth-warrens-is-now-being-touted-as-the-anti-hillary-in-2016\/"},"modified":"2013-11-12T21:25:00","modified_gmt":"2013-11-13T02:25:00","slug":"elizabeth-warrens-is-now-being-touted-as-the-anti-hillary-in-2016","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2013\/11\/12\/elizabeth-warrens-is-now-being-touted-as-the-anti-hillary-in-2016\/","title":{"rendered":"Elizabeth Warren\u2019s Is Now Being Touted as the Anti-Hillary in 2016"},"content":{"rendered":"

Basically it comes down to the fact that the Clintons policy on the FIRE sector (F<\/b><\/u>inance, I<\/b><\/u>nsurance, & R<\/b><\/u>eal E<\/b><\/u>state) has always been driven by Bob Rubin and his proteges, so now Elizabeth Warren\u2019s drive to limit the reach of big finance is being viewed in the context of the 2016 Presidential race<\/a>:<\/p>\n

You can frame this conventionally: supporting regulators, punishing rules violators, mopping up 2008-style disasters to limit the damage and attempting to prevent such chaos from happening again. But by \u201ctougher rules,\u201d maybe Americans are really signaling a vague but persistent dissatisfaction with an economy that has become dominated by the financial sector. And you can see within that how transforming banking back to its traditional purpose \u2014 as a conduit for putting capital in the hands of worthwhile business ventures and driving shared prosperity \u2014 would be one antidote to an unequal society full of financial titan gatekeepers, who confiscate a giant share of the money flowing through the system.<\/span><\/p>\n

Sen. Elizabeth Warren \u2014 in many ways the avatar of a new populist insurgency<\/a> within the Democratic Party that seeks to combine financial reform<\/a> and economic restoration \u2014 will speak later today in Washington at the launch<\/a> of a new report<\/a> that marks a key new phase in this movement. Released by Americans for Financial Reform and the Roosevelt Institute \u2013 and called \u201cAn Unfinished Mission: Making Wall Street Work for Us\u201d \u2014 the report is a revelation, because it finally invites fundamental discussions about these issues. Its 11 chapters from some of the leading thinkers on financial reform do look back at the successes and failures of the signal financial reform law of this generation, the Dodd-Frank Act. But the report also weaves in a story about how we can reorient finance as a complement to the real economy, rather than its overriding force. Mike Konczal, a fellow at the Roosevelt Institute and the co-editor of the report, tells Salon, \u201cThe financial sector is still eating up a lot of GDP [gross domestic product], and it\u2019s not clear what we\u2019re getting out of it. We want to get the conversation at that level.\u201d<\/span><\/p><\/blockquote>\n

While Dave Dayen (above) is rather circumspect about the potential impact  on the Presidential Campaign, Noam Scheiber is not in his analysis in TNR<\/i>, “Hillary’s Nightmare? A Democratic Party That Realizes Its Soul Lies With Elizabeth Warren<\/a>.”<\/p>\n

I get the sense that Warren is about as interested in running for president as I am interested in the sport of curling, but I do think that she wants to make sure that the next Democratic nominee will be free of the thrall of the Rubenites.<\/p>\n","protected":false},"excerpt":{"rendered":"

Basically it comes down to the fact that the Clintons policy on the FIRE sector (Finance, Insurance, & Real Estate) has always been driven by Bob Rubin and his proteges, so now Elizabeth Warren\u2019s drive to limit the reach of big finance is being viewed in the context of the 2016 Presidential race: You can …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-186701","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/186701"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=186701"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/186701\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=186701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=186701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=186701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}