Elizabeth Warren And Bernie Sanders Embarrass Hapless Vulture Fund Investors

[cal04]

"When you make a risky investment you should not expect to get 100% percent back on your dollar." http://www.huffingtonpost.com/entry/elizabeth-warren-bernie-sanders-puerto-rico_56294d37e4b0aac0b8fc4a02

Sens. Elizabeth Warren (D-Mass.) and Bernie Sanders (I-Vt.) called on the federal government Thursday to curb the ongoing humanitarian crisis in Puerto Rico by cracking down on vulture fund investors.

"Wall Street should not be believing that they can get blood from a stone," Sanders said. "When people are suffering and hurting, you cannot continue to squeeze them."

"They want Puerto Rico to raise taxes, cut health care, fire teachers, cut pensions, sell off $4 billion worth of government buildings, privatize public ports, close neighborhood schools and cut support for the University of Puerto Rico, all so these vulture funds can squeeze out more profit," Warren noted.

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"Treasury needs to step up and show more leadership here," Warren said. "When the banks were in trouble, Treasury did a lot more than just bail them out. Treasury stretched the limits of its authority to make sure that the banks stayed afloat. It helped broker deals between banks. It applied pressure to get parties to accept deals they may not have liked very much."

video at link

[99th_Monkey]

1. Once again, great leadership by these two

I think Sanders/Warren would certainly be an AWESOME team for 2016

[artislife]

2. In the end

The actions of their day will do more for people than the circus did.

[dae]

3. K&R