Monday, November 9, 2009

Elizabeth Warren: Elites Rescued

"We Rescued The Top Of The System, Left The Bottom To Fend For Itself" at Huffington Post (VIDEO)

Exerpt from the article, accompanying the video:

"Elizabeth Warren, the chair of the Congressional Oversight Panel charged with monitoring the bank bailout, was on Morning Joe Friday morning to dig in to the newly released unemployment report. The numbers are bleak -- unemployment has surpassed 10 percent for the first time since 1983 -- and Warren is not surprised.

"'Let's face it,' Warren said, 'This is sort of how we went about the rescue -- we rescued at the top and we left the bottom to kind of fend for itself -- and that's showing up in the unemployment numbers.'

Warren went on to explain that the report is really about the guarantees the Government made to protect banks' assets while leaving the public out to dry."

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