Nytimes news fast and furious scandal12/5/2023 ![]() ![]() In an op-ed for The New York Times, Texas Republican Jeb Hensarling noted, "In no way, shape or form does the Dodd-Frank Act end too big to fail." Meanwhile, Massachusetts Democrat Elizabeth Warren (along with other senators including John McCain) argued (via CNN), "The chances of another financial crisis will remain unacceptably high as long as there are financial institutions that are 'too big to fail. FIRST ON FOX: The Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF) is set to destroy firearms associated with the Obama-era Operation Fast and Furious scandal, sparking a rebuke. He also caught heat for not prosecuting any CEOs implicated in the Great Recession (via The Independent). Mexico’s attorney general on Sunday announced that a judge in that country has issued arrest warrants for seven individuals, including several former government officials, in connection with the. However, Obama was criticized for using vast sums of public money to bail out the nation's leading financial firms. ![]() ![]() In 2008, then-presidential candidate Obama addressed the Cooper Union about the "greed, corner cutting and inside dealing" that had been "excused and even embraced." In 2010, President Obama delivered a speech (via The Guardian) in which he accused banks and financial institutions of taking "huge, reckless risks in pursuit of quick profits and massive bonuses." Later that year, Obama signed the Dodd-Frank Act, which enacted numerous regulations including restrictions on mortgage lenders. The German chancellor was said to be "livid" about the privacy breach, which was substantiated by credible reports by German intelligence authorities, per The Guardian. On June 7, 2013, Obama explained (via PBS) that Americans couldn't have "100% security and also then have 100% privacy and zero inconvenience," adding, "We're going to have to make some choices as a society." Obama may have struck a pragmatic tone during that press conference, but he likely had a harder time during a phone call with Angela Merkel, who demanded to know if the NSA had bugged her phone. The documents showed the Obama administration was engaged in mass surveillance of the American populace and had a special relationship with Verizon, which handed over all telephone data to the National Security Agency (NSA) on an "ongoing, daily basis" (via The Guardian). These events came to a head in 2013, when Edward Snowden leaked troves of highly classified information that unraveled Obama's relationship with the intelligence establishment. That spring, a flurry of opinion articles defending Thomas and railing against the film appeared in news outlets, penned by a D.C. The president asserted executive privilege over documents related to the Fast and Furious operation as a House panel moved forward with plans to hold the attorney general in contempt. ![]()
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