The Elizabeth Warren wiki includes information on my favorite @SenWarren speech: 'You Didn't Build That On Your Own'
Did you know there’s an Elizabeth Warren wiki?
Elizabeth Warren wants to stop water from being traded for profit
Access to clean and affordable water is a basic human right and must be protected
Washington, D.C. — Today, Representative Ro Khanna (D-CA) and Senator Elizabeth Warren (D-MA) led a bicameral group of colleagues in introducing the Future of Water Act to amend the Commodity Exchange Act to prohibit futures trading of water or water rights and protect our country’s water. Water is a basic human right that must be managed and protected as a public trust resource.
As climate change has increased the severity and frequency of drought in our country, large corporations should not be profiting off of water or water rights. Water should be affordable, easily accessible, and guarded from markets prone to manipulation and speculation that could cause real-world price increases. The announcement of the water futures trading received condemnation from the global water community, including the United Nations Special Rapporteur on the Human Right to Water who stated: “Water is already under extreme threat from a growing population, increasing demands and grave pollution from agriculture and mining industry in the context of worsening impact of climate change. . . I am very concerned that water is now being treated as gold, oil and other commodities that are traded on Wall Street futures markets.”
Banks must give back to the people
You just know the Washington suits and Wall Street sharks are going to try to rip Obama into shreds for his effrontery. They’ll demand to know how the president could suggest that banks pay a fee to finance the restructuring of mortgages to lower interest rates, when just the restructuring alone is going to cost them money. Well, I understand that this interferes with these people’s notion that nothing should get in the way of their (apparently) G-d given right to endlessly make money on the backs of the 99%, but I’m awfully glad voices are emerging in America who stand up to these guys and tell them, “enough is enough.”
The Huffington Post points out
“About 11 million Americans – roughly 1 in 4 with mortgages – are underwater, according to CoreLogic, a real estate data firm. Half of all U.S. mortgages – about 30 million home loans – are owned by nongovernment lenders.
Despite historic low interest rates, however, banks have been reluctant to refinance loans of such “underwater” homeowners. Under Obama’s plan, an eligible homeowner would be able to refinance a loan through the FHA, which would guarantee the new loan, assuming the risk if the borrower should default. The fee on large banks that Obama is proposing would finance the FHA’s insurance fund.