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Quote by Elizabeth Warren

“We [US government] have used our taxpayer dollars not only to subsidize these banks but also to subsidize the creditors of those banks and the equity holders in those banks. We could have talked about forcing those investors to take some serious hits on their risky dealings. The idea that taxpayer dollars go in first rather than last - after the equity has been used up - is shocking.”

Quote by Elizabeth Warren

Author

Elizabeth Warren

Elizabeth Warren, born on June 22, 1949, is an American politician and academic. She serves as a United States Senator from Massachusetts, known for her advocacy in consumer protection and financial regulation. A prominent figure in the Democratic Party, Warren has made significant contributions to the field of bankruptcy law and academia. more

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