newly elected senator from massachusetts elizabeth warren is doing what she promised to do. she is ready to lead the way on accountability for the financial industry, and for good reason. you see, the federal reserve says the 2008 financial collapse cost this country 38.8% of its net worth. despite the massive fraud and recklessness of the banks, the number of executives prosecuted for this crisis zero. before today, there is no accountability. now, the frank/dodd financial regulation bill was watered down and not fully implemented. senator warren used her first banking committee hearing to take on the regulators who were supposed to be enforcing the laws. instead, they take some money and turned a blind eye. i know there have been some landmark settlements, but we face some very special issues with big financial institutions. if they can break the law and drag in billions in profit, and
general contractors, business group in arizona and then flew to michigan, where he will be tonight, tomorrow for several events. he will then go to florida for the daytona 500 on saturday morning and return to michigan on saturday night and be there sunday as well. private jet, right? i mean, he s got the money to fly privately. well, yes. which makes a huge difference. if you are at the terminal, waiting for a flight i. and look look that makes a big difference. santorum is probably flying privately as l. but think about this. in michigan, in the last week, there have been five poll, santorum by 3, santorum by 4, romney by 2, romney by 2 and a tie. their average is 33.8 to 33.2, 38.8 for santorum, 33.2 for romney. paul at 10.4 and gingrich at
sector or the private sector because public money is being involved, that you re being taken to sites directed by others. the dpoment is not meant to be doing that. megyn: the latest poll shows 38.8% of the folks favor this health care law, 52.7 don t raifer it, the rasmussen poll is the latest and that has similar numbers, 34 percent, 64 percent against. obviously the obama administration feels it has to do something even if it involves adopting the language that it doesn t necessarily like, in other words, referring to the obamacare. let s not goarks this, it just went into effect in september, people are just beginning to understand what it means for them, the fact that their 25-year-old child can be covered under their policy, the fact that they cannot be turned down because of preexisting condition, the fact that there is no limit now, you can use your $100,000 you re out of here. all these things are part of the new law and if it helps people understand what their rights are
one thing in this survey is that one of the reasons for the decline in pay is the stock and stock option grants. eqilar basically valued them on the day they were issued. since then, we ve seen a big rebound in the stock market coming off the march lows of 2009. that means these pay packages might look a lot richer today. thank you. let s compare those salaries to your salary. in the united states, the average per capita income is just a little more than $46,000. average taxes, 10% to 35% working 38.8 hours a week. compare that to germany, working 35.a 5 hours. in china, working 44 hours a week. that s all according to the cia
all you have to do is look at the chuck hagel situation in the senate to see just how bad everything is right now. but i want you to imagine liberals, just imagine what it would be like if we had 60 senators like this. i m really concerned that too big to fail has become too big for trial. that just seems wrong to me. it sure does. newly elected senator from massachusetts elizabeth warren is doing what she promised to do. she is ready to lead the way on accountability for the financial industry, and for good reason. you see, the federal reserve says the 2008 financial collapse cost this country 38.8% of its net worth. despite the massive fraud and recklessness of the banks, the number of executives prosecuted for this crisis zero. before today, there is no accountability. now, the frank/dodd financial regulation bill was watered down and not fully implemented. senator warren used her first banking committee hearing to take on the regulators who were