Elizabeth Warren Defends Bernie Sanders Against Goldman Sachs Attack
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Massachusetts Sen. Elizabeth Warren came to the defense of Democratic presidential candidate Bernie Sanders on Wednesday after Goldman Sachs CEO Lloyd Blankfein said that his presidential campaign and anti-establishment rhetoric represented "a dangerous moment” for Wall Street.
She condemned the CEO's move.
"[Blankfein] thinks it’s fine to prosecute small business owners, it’s fine to go hard after individuals who have no real resources, but don’t criticize companies like Goldman Sachs and their very, very important CEO," Warren told International Business Times. "That’s what he’s really saying."
Sanders and Wall Street
In response, Blankfein told CNBC that Sanders' repeated criticism of the financial sector "has the potential to be a dangerous moment — not just for Wall Street, not just for the people who are particularly targeted, but for anybody who is a little bit out of line."
Warren doesn't buy it.
"When Blankfein says that criticizing those who break the rules is dangerous to the economy, then he’s just repeating another variation of ‘too big to fail,’ ‘too big to jail,’ 'too big even to prosecute,'" she told International Business Times. "That tells you here we are, seven years after the crisis and these guys still don’t get it. Seven years. That crisis cost an estimated $14 trillion, it cost jobs, it cost homes, it cost retirement funds."
"And Lloyd Blankfein stands up and says ‘Don’t even criticize me, I ran a company that was right at the heart of some of the biggest financial frauds in history and made money off it, but don’t you dare criticize me.’ That’s his position? That’s why we need voters to get really engaged," Warren added.
