Elizabeth Warren has written an opinion piece for The New York Times about corporate criminality and the things a president can do about it without the Congress. Warren is highly critical of what she sees as the Obama administration’s unwillingness to punish corporate wrongdoers. An excerpt:
In a single year, in case after case, across many sectors of the economy, federal agencies caught big companies breaking the law — defrauding taxpayers, covering up deadly safety problems, even precipitating the financial collapse in 2008 — and let them off the hook with barely a slap on the wrist. Often, companies paid meager fines, which some will try to write off as a tax deduction.Compare Bernie Sanders:
The failure to adequately punish big corporations or their executives when they break the law undermines the foundations of this great country. Justice cannot mean a prison sentence for a teenager who steals a car, but nothing more than a sideways glance at a C.E.O. who quietly engineers the theft of billions of dollars.
It is not acceptable that many young people have criminal records for smoking marijuana, while the CEOs of banks whose illegal behavior helped destroy our economy do not.I may be misreading, but I strongly suspect that Elizabeth Warren will soon endorse Bernie Sanders. And I strongly suspect that she will be Sanders’s choice for a running mate. A Sanders-Warren ticket would be, for many voters, enormously exciting.