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Quote of the Day

June 13, 2015 · 9:32 am ET · 20 Comments

“The problem is not that I don’t understand the global banking system. The problem for these guys is that I fully understand the system and I understand how they make their money. And that’s what they don’t like about me.”

— Sen. Elizabeth Warren (D-MA), quoted by Politico, firing back at JP Morgan Chase CEO Jamie Dimon for suggesting she has no clue what she’s talking about in her attacks on Wall Street.

Financial Markets Elizabeth Warren, Jaime Dimon

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Taegan Goddard

Taegan Goddard

Taegan Goddard is the founder of Political Wire -- which for more than two decades has been one of the nation's most influential political news sites.

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Straw Man

A “straw man” refers to an intentionally misrepresented proposition or argument that is set up because it is easier to defeat than an opponent’s real argument.

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