#ready4warren

This crisis didn't have to happen. America had a boom-and-bust cycle from the 1790s to the 1930s, with a financial panic every ten to fifteen years. But we figured out how to fix it. Coming out of the Great Depression, the country put tough rules in place that gave us fifty years without a financial crisis. But in the 1980s, we started pulling the threads out of the regulatory fabric, and we found ourselves back in the boom-and-bust cycle. When this crisis is over, there will be a once-in-a-generation chance to rewrite the rules. What we set in place will determine whether our country continues down this path toward a boom-and-bust economy or whether we reestablish an economy with more stability that gives ordinary folks a chance at real prosperity.

Elizabeth Warren is off to a running start in her new leadership role with the Senate Democratic caucus. She called out Walmart for its terrible labor practices. She wrote an op-ed this week warning the president against appointing Wall Street insiders to the Federal Reserve. And Tuesday morning, she called on financial institutions to prove that they can protect customer data from cybercriminals.