Friends,
Big Banks have been a huge obstacle to racial justice over the years -- underserving communities of color, engaging in housing discrimination, and taking untold sums of taxpayer bailout money at the expense of small businesses struggling to survive.
But if Joe Biden wins in November, there may soon be a new sheriff in town to take them on.
According to the Cowen Washington Research Group, Elizabeth Warren is the odds-on favorite to be Treasury Secretary under a Biden administration.
Warren has already written a letter to the Federal Reserve on the subject of racial equality in monetary policy, and CNN reports that “a Treasury Secretary Warren would be a nightmare for Wall Street.” Now that Biden has picked Kamala Harris as his VP, we’re angling for another progressive champion to oversee the country’s finances -- what do you think of the idea?
