Warren said she would also “reverse the Trump-era weakening of rules on capital, liquidity, leverage, and resolution-planning for big banks” via regulatory actions that don’t require the approval of Congress. She called for passing her postal banking plan and Accountable Capitalism Act aimed at discouraging trading for short-term gain.
Warren consistently places in the top four in a crowded Democratic field, having enjoyed a boost in surveys after the first presidential primary debate three weeks ago. Her anti-corporate message carries similarities to that of Bernie Sanders, who waged an unexpectedly strong bid against eventual nominee Hillary Clinton in 2016.
While Sanders brings a disciplined message on the campaign trail to upend the economic system, Warren has sought to differentiate herself with a steady stream of detailed policy blueprints on matters ranging from taxing wealth and corporate profits to providing universal child care and canceling most student debt.
The latest plan follows an earlier “economic patriotism” proposal she released one month ago.
This article was provided by Bloomberg News.