Elizabeth Warren To Big Banks: 'Bring It On'

| by Amanda Andrade-Rhoades
Sen. Elizabeth Warren.Sen. Elizabeth Warren.

Sen. Elizabeth Warren reaffirmed on March 30 that she would continue to fight against big Wall Street banks, despite the possibility of retaliation. 

Citi Group and J.P. Morgan, among others, might not donate to Senate Democrats due to Warren’s ongoing battle to break up those large financial institutions, Reuters reported.

Goldman Sachs and Bank of America also discussed Warren’s campaign, but they have not talked about halting their contributions to Democrats. Goldman Sachs has already made its political donations for the year. 

"You bet I believe it's a serious threat,” Warren said. "It is so brazen. If they think they can say in public, 'I don't like your tone, I don't like the way you talk about financial regulation' ... I got news for them: Bring it on," she said.

Warren told a crowd at Barnes & Noble in New York City's Union Square that she wants to prevent banks from cheating people and ensure they cannot destroy the economy by becoming too big to fail. "If they want to fight on either one of those, I'm ready," she said.

Warren said again that she would not run for president in 2016, although supported touted signs that read “Elizabeth Warren for President” and chanted “Run, Liz, Run.”

Warren called herself a “nerd” and insisted she loves her position in the Senate. In addition to fighting big banks, she’s also working to reduce the interest rate on student loans, increase funding for the National Institutes of Health and raise the federal minimum wage.

Sen. Charles Schumer will likely take Sen. Harry Reid’s spot as the leader of the Senate Democrats. Warren and Schumer will most likely fight on the issue of Wall Street regulation because if banks don’t contribute, the Democratic Senatorial Campaign Committee could lose up to $15,000 per bank every year.

Sources: Reuters, CNN

Image via Tim Pierce/Flickr