Warren wants to make private equity firms responsible for debts and pension obligations of companies they buy and change executive compensation rules to ensure that bankers who profit from speculative bets also assume risk if their bets go bust.
Democratic presidential candidate Elizabeth Warren on Thursday aimed her campaign of economic populism at a new target: the private equity industry.
Warren wants to make private equity firms responsible for debts and pension obligations of companies they buy and change executive compensation rules to ensure that bankers who profit from speculative bets also assume risk if their bets go bust, among other ideas. The Massachusetts senator, in tandem with colleagues on Capitol Hill, introduced what she calls the "Stop Wall Street Looting Act." It stands no chance of enactment so long as Republicans control the White House and Senate, but matters because Warren has risen to the top tier of 2020 Democratic contenders.
Expand financial services for Americans of modest means by allowing the U.S. Postal Service to join community banks and credit unions in offering low-cost checking and savings accounts
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