« Reply #1 on: March 02, 2020, 10:31:47 pm »
Democratic presidential candidate Elizabeth Warren said she would hold Wall Street banks, asset managers and insurance companies accountable for their contributions to climate change.
In a plan released Sunday, entitled “Stop Wall Street From Financing the Climate Crisis,†Warren said climate change poses a risk to the economy through extreme weather events such as floods, hurricanes and wildfires.
She also cited research showing that it could cause up to $69 trillion in damages to the financial system by 2100 as investments in the fossil fuel industry “abruptly lose value as we transition to a clean economy, posing risks of financial crisis and destabilization.â€
Warren said financial institutions and regulators haven’t taken steps to tackle “the existential threat of our time,†and have failed to address Wall Street’s role in financing the fossil-fuel industry.
“It’s clear that our entire financial system is in major danger from the climate crisis,†Warren said in a Medium post. “And yet, neither the largest U.S. financial institutions, nor the public watchdogs that are supposed to hold them accountable, have taken adequate steps to address Wall Street’s role in exacerbating the crisis.â€
https://finance.yahoo.com/news/warren-vows-hold-wall-street-140000269.html
She is flailing, and badly.
Gee Liz ... you pretty much spelled out all the reasons why I shouldn't vote for you!
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Romans 12:16-21
Live in harmony with one another; do not be haughty, but associate with the lowly, do not claim to be wiser than you are. Do not repay anyone evil for evil, but take thought for what is noble in the sight of all. If it is possible, so far as it depends on you, live peaceably with all…do not be overcome by evil, but overcome evil with good.