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Elizabeth Warren has sharp words for Wells Fargo. The bank is discontinuing personal lines of credit and will shut down existing ones in the coming weeks, CNBC reported, citing customer letters it has reviewed. The bank is under increased regulatory pressure in the wake of recent scandals. In a “frequently asked questions” section of a letter sent by the back,…
“#Britney Spears invited to Congress to inform on conservatorships” A group of Republican House members invited Britney Spears Wednesday to address Congress, saying that her conservatorship battle could influence policy and give “hope to millions.” The letter, signed by Reps. Matt Gaetz, Marjorie Taylor Greene, Burgess Owens and Andy Biggs, noted the “obvious financial, emotional…
“#Elizabeth Warren calls for antitrust review of Amazon-MGM merger” Sen. Elizabeth Warren called for “meticulous antitrust scrutiny” of Amazon’s $8.5 billion acquisition of MGM Studios, warning that it could crush competition. “Amazon’s proposed acquisition of Metro-Goldwyn-Mayer Studios (MGM) could harm consumers and workers and reduce innovation by inhibiting competition in numerous markets,” the Massachusetts Democrat…
“#An illegal and fake hit job on wealthy US taxpayers” ProPublica obtained the tax returns of the richest Americans and discovered what every informed person already knew: They don’t pay as much in income taxes as some people would like them to. This is being called a great scandal by many Democrats and liberal journalists….
“#Amazon’s Twitter war with Democrats incited by Jeff Bezos: report” Amazon is hitting back at attacks on the company’s labor and business practices from critics like Bernie Sanders and Elizabeth Warren — at the behest of none other than Jeff Bezos. The CEO expressed anger in recent weeks that Amazon officials weren’t more aggressive in…
“#Elizabeth Warren enters GameStop discourse with letter to SEC” Sen. Elizabeth Warren on Friday asked the Securities and Exchange Commission to investigate the recent boost in GameStop stock price that was driven by calls for ordinary people to punish hedge funds. The Massachusetts Democrat raised the possibility that the stock rally, described as a populist…
“#Wall Street’s luck runs out with Biden’s SEC head Gary Gensler” Among corporate America’s biggest worries about a Biden presidency was that he might cave to the left wing of his party and select Elizabeth Warren as his top white-collar-crime cop. Well, the corporate chieftains dodged that bullet, only to find themselves now in the…
“#Private equity firms fear Joe Biden in the Oval Office” The prospect of Joe Biden becoming president has large swaths of corporate America scared, and none more so than the whipping boys who run the private equity business. Private equity is mainly in the business of buying public companies — many of them hurting from…