Does David Rubenstein Own Elizabeth Warren?

08/13/09 • Economic Policy Journal

Carlyle Group's Davis Rubenstein wants to gobble up smaller banks from around the country. Lately, Elizabeth Warren has been running around the country talking to anyone who will listen and telling them that small banks are undercapitalized and need a cumulative additional $12 to $14 billion. Guess who wants to supply that amount (with the help of government financing)? The recent report by Warren's Oversight Committee also includes the $12 to $14 billion number.

1 Comments in Response to Does David Rubenstein Own Elizabeth Warren?

Comment by Eaglewing0_9

Entered on: 8/14/2009 10:53:37 AM

With a 9/1 loan to intake rate, any bank will "deep six", eventually. Capitalization? Personal savings and checking accounts are not capital. Banks, somehow think that all money belongs to them and enter into the books as cap. along with the rest of their "fuzzy math." They should be allowed to "deep six" and then we can start over.

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