04 February 2016

Elizabeth Warren Is Not Going to Make an Endorsement in the Primaries, but This Comes Close

The distinguished Gentlewoman from Massachusetts just cut Lloyd Blankfein a new asshole over his whining about Bernie Sanders criticizing him:
Elizabeth Warren entered the intensifying battle for the Democratic presidential nomination, defending Vermont Sen. Bernie Sanders from a new attack by the head of Goldman Sachs — a Wall Street behemoth whose executives have delivered hundreds of thousands of dollars to Hillary Clinton, her presidential campaign and her family’s foundation.

In an interview with International Business Times hours before Wednesday night’s Democratic town hall in New Hampshire, the Massachusetts senator — whose endorsement is coveted by both Democratic candidates — slammed Goldman Sachs CEO Lloyd Blankfein for asserting earlier in the day that Sanders’ criticism of Wall Street had created a dangerous environment in America.

"He 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 — that’s what he’s really saying,” Warren told IBT.

In January, Sanders pointed to billionaire Blankfein as a prime example of the corporate greed he says is harming the United States. Sanders also released a television ad in which he slammed Goldman Sachs by name, and he has criticized Clinton, a former senator and secretary of state, for accepting $675,000 of speaking fees and $930,000 of campaign contributions from the firm and its executives during her career. Goldman Sachs has donated at least $250,000 to her family’s foundation — which in 2014 held a donor meeting at the company’s Manhattan headquarters.

Blankfein responded to Sanders’ criticism on Wednesday in an appearance on CNBC, saying the intensity of the criticism created an environment that “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, a Democrat, disputed that notion in harsh terms, telling IBT that such statements show why American voters should focus on Wall Street’s power during the 2016 election.

“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 said. “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.”
This isn't an endorsement as such, but it is a pretty clear indication that she has his back.


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