Sen. Elizabeth Warren (D-Mass.), who has called for congressional hearings regarding conduct at the Federal Reserve following the ProPublica and This American Life report from last week, told NPR in an interview on Wednesday that the report, "tells us exactly what we already knew."
Warren told NPR's Steve Inskeep that the report, "ultimately this report tells us exactly what we already knew that the relationship between regulators and the financial institutions they oversee is too cozy to provide the kind of tough oversight that's really needed."
Last week, a report from ProPublic and This American Life released secret audio recordings from former New York Fed official Carmen Segarra that appeared to showed disagreements and dysfunction among Fed officials stationed inside Goldman Sachs.
Listening to the tapes, Warren said two things jumped out: the lack of truthful reporting and the emphasis by Fed officials on talk over action.
"You know, the regulators seemed to think that it was a victory just to raise an issue, even if they took absolutely no action to address the issue," Warren said. "And that's the kind of approach that allowed banks to take on massive risks before the financial crisis. You know, think about that: The regulators seemed to think that fussing at banks behind closed doors was their toughest sanction. Does anyone believe that Goldman Sachs is gonna give up a deal that would yield millions of dollars because someone fussed at them behind closed doors?"
Read more: http://www.businessinsider.com/elizabeth-warren-on-goldman-sachs-the-fed-2014-10#ixzz3Evikc96V
Elizabeth Warren tweet: Attn regulators: You work for the American people, not for the big banks....
Attn regulators: You work for the American people, not for the big banks. Check out my interview with @NPR: http://n.pr/1CG84IF
Hands up don't shoot is being used by tens of thousands as a form of protest in Hong Kong. Powerful.
Hands up don't shoot is being used by tens of thousands as a form of protest in Hong Kong. Powerful. pic.twitter.com/on2DY5FrQH
What part of "we bailed you out" doesn't former AIG CEO Hank Greenberg understand? http://nyti.ms/YGE8gb
Grand jury: police justified in shooting black man dead for picking up toy gun in Walmart. Meanwhile in Kroger:
11:55 AM - 27 Sep 2014
4,000 years ago, Egyptian women used contraception. We've been lifting each other up for way longer. #V2V14 #LPJ927
1:04 PM - 27 Sep 2014
The party that says it opposes regulations has made an awful lot of dick moves lately #vtoshiningv #V2V14
2:34 PM - 27 Sep 2014
Daisy Yazzie of Tuba City, Ariz., said she teaches Navajo to her granddaughter, Abigail Yellow.
TUBA CITY, Ariz. In his run for president of the Navajo Nation, Chris Deschene has presented voters with impressive credentials: A veteran of the Marine Corps, he is a lawyer, a trained engineer and a former member of the Arizona House of Representatives, where he represented part of the tribes reservation.
But there is a problem that may disqualify him as a candidate: His command of the Navajo language is far from perfect, as he himself admits. And Navajo law requires the tribes president to speak the language fluently.
Thus Mr. Deschenes candidacy has exposed a deep divide within the Navajo Nation, the countrys largest Indian tribe, about the role that language should play in modern Navajo society, the tribes direction in the new millennium and how traditionally Navajo the tribes leader needs to be.
As in so many Indian tribes, fewer and fewer young people understand the language. And for many tribal elders, the prospect of a president who does not speak fluent Navajo has stoked fears that the language could recede or even die, taking many of the tribes traditions with it.
Christopher Deschene, a candidate for president of the Navajo Nation who is fighting a rule requiring candidates to be fluent Navajo speakers.
We are at a crossroads, said Peterson Zah, 78, a former president of the Navajo Nation. He spoke proudly of the role the Navajo language played in World War II, when it was used as an unbreakable code that helped the United States defeat Japan. Our nation is renowned for our language around the world, he said. If English becomes the dominant language, then what are we doing to ourselves?
Election officials will now decide if Mr. Deschene, 43, who finished second in the primary election last month, is fluent enough to remain on the ballot in November. On Friday, the Navajo Supreme Court held a hearing in which it declined to rule on his candidacy, but did reaffirm the requirement that the president speak Navajo.
More here: http://www.nytimes.com/2014/09/27/us/a-presidential-candidate-in-navajo-nation-protests-a-language-requirement.html?hp&action=click&pgtype=Homepage&version=LargeMediaHeadlineSum&module=photo-spot-region®ion=top-news&WT.nav=top-news&_r=1
WARNING: Video contains vulgar language. Viewer discretion advised
A reporter at KTVA-TV in Alaska quit her job on-air after revealing herself as the owner of the medical marijuana business Alaska Cannabis Club.
At the end of a live report on the Alaska Cannabis Club during KTVAs Sunday night newscast, Charlo Greene made the announcement:
Now everything you heard is why I, the actual owner of the Alaska Cannabis Club, will be dedicating all of my energy for fighting for freedom and fairness which begins with legalizing marijuana here in Alaska, she said. And as for this job, well, not that I have a choice but, (expletive) it, I quit.
With that, she simply walked off camera.
In an interview with the Alaska Dispatch News, Greene said KTVA had no idea she was going to quit, or that she was connected to the Alaska Cannabis Club.
On Monday, a video of Greene explaining her actions was posted to the Alaska Cannabis Clubs YouTube channel. She explains, in part: There comes a time in each and every one of our lives when we must choose to continue to spectate, or stand up for whats right. Watch the full video in the player below.
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