"Too big to fail" banks are even bigger now than ever before. In fact, the five banks that our government decided were too important to fail in 2008 are now 25% larger.
In essence, those risky "too big to fail" investments are even bigger now.
For decades, the Glass-Steagall Act separated risky investment banking from the ordinary banking of everyday Americans. But it was repealed in the late 90's, and now when banks' risky gambles don't pay off, working Americans foot the bill.
The Internet has empowered innovators and enabled advances like we've never seen before. It has leveled the playing field, providing information and opening doors of opportunity to all.
But the Federal Communications Commission wants to set up an Internet fast lane for the highest bidders, and a slow lane for the rest of us. This kind of proposal will disproportionately negatively affect our country's best innovators - who have benefitted most from the empowering principle that all traffic on the Internet should be treated equally.
Tulsi Gabbard talks about growing up a shy girl, running for office, serving in an Iraq combat zone, and her mission to serve Hawaii.
Fun fact At 21, Gabbard was the youngest person elected to Hawaii's state legislature.
Happy 4th of July!
As we celebrate Independence Day, I hope you'll join me in honoring my fellow veterans and servicemembers - those who've earned and continue to defend our independence and freedom every day.
It's their service and sacrifice to protect life, liberty and the pursuit of happiness, that we are so grateful for today, and every day.
Should the U.S. intervene in Iraq?
Added on June 15, 2014
Iraq war vets and Representatives Gabbard (D-HI) and Kinzinger (R-IL) debate the pros and cons of intervention in Iraq.
Rep. Tulsi Gabbard, D-Hawaii, comments on the situation in Iraq saying the Iraqi troops need to “own this and own their future.” She also says that it’s not realistic for the U.S. to attempt to be the “world’s police” and that the government needs to concentrate on the imminent threats to this country instead.
I wanted to make sure you saw the big news. Vermont Governor Peter Shumlin just signed a bill that will make Vermont the first state to require labels on genetically modified foods.
This is a big victory against laws like the Monsanto Protection Act that shield food producers from disclosing this basic information.
Gov. Shumlin sent out a tweet after Vermont’s legislature passed its GMO labeling bill:
— Peter Shumlin (@GovPeterShumlin) April 23, 2014
He has it absolutely right, but it’s not just Vermont citizens who deserve truthful, transparent information about what’s in their food. All Americans should have that basic right.
ELLE's 4th annual Women in Washington Power List is made up of some of the most inspiring and passionate women in DC.They all came together last night to celebrate and we unveiled our behind-the-scenes video from their photo shoot for the first time.