Warren Statement on Financial Stability Oversight Council Meeting
Washington, D.C. – Today, U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, issued a statement on today’s Financial Stability Council Oversight meeting:
“The private credit market is deteriorating, President Trump’s dangerous and illegal war in Iran triggered an oil price shock, the massive debt load tied to the artificial intelligence sector could be a bubble, and families are struggling to afford daily life. Our economy is at a precarious moment. Instead of strengthening the resilience of the financial system in the face of these risks, the Trump Administration is doing the opposite: deregulating Wall Street and defanging the post-2008 financial crisis authority designed to prevent shadow banks like Lehman Brothers and AIG from tearing down our economy. We’ve seen this story before. It ends with taxpayer bailouts and golden parachutes for executives on Wall Street and catastrophic job losses, bankruptcies, foreclosures, and depleted retirement savings for American families.”
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