Tuesday, July 30, 2019

Warren Warns Of Vampires Sucking Money

By , Special to the Sun | July 29, 2019

At the Democratic presidential debates this week and as the campaign heats up in the months ahead, listen for the word “suck.”  Senator Warren of Massachusetts has been using it frequently in connection with health care. In the first round of debates she said, “the insurance companies last year alone sucked $23 billion in profits out of the health care system.”  The senator also uses the term for those in the financial sector more broadly, beyond health insurance.
 
Recently, Warren issued a plan to “rein in the financial industry so it stops sucking money out of the rest of the economy.”  “The private equity firms are like vampires — bleeding the company dry and walking away enriched even as the company succumbs,” Warren said..........To Read More....

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