It is clear that members of our government lack many people who have a backbone that is not composed of jelly. But, there is one person who refuses to back down when it comes to demanding the truth about how wealthy folks sort of run this nation. Senator Elizabeth Warren is again on the war track demanding that our government officials remember their task is to control those with wealth and power. She just went after the SEC for its failure to control those with wealth. She directed her anger at Mary Jo White, the chairperson of this group. “During your confirmation hearings two years ago I said the SEC needs a strong leader to suss meaningful rules under the Dodd-Frank Act, and to h old big banks and other powerful interests accountable when they break the law. I am disappointed that you have not been the strong leader many hoped for, and that you promised to be.”
Mary Jo White continues to believe that when those institutions with wealth break the law all they have to do is pay a small penalty, but they never have to publicly acknowledge they were guilty. We do not have a government which does make wealthy and powerful criminals admit to a crime.