Economics/Class Relations

Kamala Harris: Queen of the Crony Capitalists

By Christopher Whalen, The American Conservative

During the vice presidential debate between Senator Kamala Harris and Vice President Michael Pence, the former claimed that she was the only one in the race who had “prosecuted the big banks.” This was completely wrong.

In fact, as California attorney general, Kamala Harris pretty much let the big banks do what they wanted while extracting billions in extortion money from their shareholders. Not a single executive of a large bank was prosecuted during the Obama administration. Harris typifies the modern-day progressive politician, using regulation and threats of enforcement actions to accumulate a political war chest.

As California attorney general, she was more than willing to live large off of business and the productive.

During the vice presidential debate between Senator Kamala Harris and Vice President Michael Pence, the former claimed that she was the only one in the race who had “prosecuted the big banks.” This was completely wrong.

In fact, as California attorney general, Kamala Harris pretty much let the big banks do what they wanted while extracting billions in extortion money from their shareholders. Not a single executive of a large bank was prosecuted during the Obama administration. Harris typifies the modern-day progressive politician, using regulation and threats of enforcement actions to accumulate a political war chest.

READ MORE

Leave a Reply