Senator Elizabeth Warren

you want to sit down and make a decision between whether to drink juice or eat soup, totally up to you.

You want to make a decision whether or not to invest in clothing manufacturing or to invest in some new outfit that's going to have a new process for developing steel.

Good for you.

You make those decisions on whatever information you want to

But what you shouldn't have to run the tests on, because you actually can't see it, is that somebody behind the curtain is charging a little off the top for this and pushing a little of that, all to make themselves richer at your expense.

That's all I'm looking for.

So a warning label, like on cigarettes.

I love markets.

And sometimes warning labels are the right thing.

But sometimes it's you just don't let people cheat other people.

We don't let people put arsenic in soup and juice.

We shouldn't let people run scams behind the curtain that the investor can't see.

And it's not good enough to say, hey, there may be somebody behind the curtain running a bunch of scams.

No, we should just say there are certain kind of scams you just don't get to run.

Because if we play a fairly clean game, if we make sure folks are playing a fairly clean game,

More people can invest and more people can invest with confidence that your only mistake you have to worry about is, oh, you decided to go with clothing instead of steel.

Not, I trusted somebody who was stealing from me.

That's the mistake.

That's what the cop on the beat is there for.

So you don't have to worry about that one.