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Thu Feb 14, 2013, 08:40 PM

Elizabeth Warren Embarrasses Hapless Bank Regulators At First Hearing (VIDEO) - HuffPo

Elizabeth Warren Embarrasses Hapless Bank Regulators At First Hearing (VIDEO)
Ryan Grim - HufPo
Posted: 02/14/2013 5:14 pm EST | Updated: 02/14/2013 5:35 pm EST



<snip>

WASHINGTON -- Bank regulators got a sense Thursday of how their lives will be slightly different now that Elizabeth Warren sits on a Senate committee overseeing their agencies. At her first Banking, Housing and Urban Affairs Committee hearing, Warren questioned top regulators from the alphabet soup that is the nation's financial regulatory structure: the FDIC, SEC, OCC, CFPB, CFTC, Fed and Treasury.

The Democratic senator from Massachusetts had a straightforward question for them: When was the last time you took a Wall Street bank to trial? It was a harder question than it seemed.

"We do not have to bring people to trial," Thomas Curry, head of the Office of the Comptroller of the Currency, assured Warren, declaring that his agency had secured a large number of "consent orders," or settlements.

"I appreciate that you say you don't have to bring them to trial. My question is, when did you bring them to trial?" she responded.

"We have not had to do it as a practical matter to achieve our supervisory goals," Curry offered.


Warner turned to Elisse Walter, chair of the Securities and Exchange Commission, who said that the agency weighs how much it can extract from a bank without taking it to court against the cost of going to trial.

"I appreciate that. That's what everybody does," said Warren, a former Harvard law professor. "Can you identify the last time when you took the Wall Street banks to trial?"

"I will have to get back to you with specific information," Walter said as the audience tittered.


<snip>

More: http://www.huffingtonpost.com/2013/02/14/elizabeth-warren-bank-regulators_n_2688998.html


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Reply Elizabeth Warren Embarrasses Hapless Bank Regulators At First Hearing (VIDEO) - HuffPo (Original post)
WillyT Feb 2013 OP
OldDem2012 Feb 2013 #1
ananda Feb 2013 #2
colbertforpresident Feb 2013 #24
freckleface Feb 2013 #3
likesmountains 52 Feb 2013 #4
RC Feb 2013 #12
Larry Ogg Feb 2013 #63
LonePirate Feb 2013 #5
think Feb 2013 #6
Safetykitten Feb 2013 #7
sheshe2 Feb 2013 #8
napi21 Feb 2013 #9
CTyankee Feb 2013 #64
Left Coast2020 Feb 2013 #103
Liberal_Dog Feb 2013 #10
whatchamacallit Feb 2013 #11
R. Daneel Olivaw Feb 2013 #108
Sekhmets Daughter Feb 2013 #13
Firebrand Gary Feb 2013 #14
vlyons Feb 2013 #62
Firebrand Gary Feb 2013 #104
trublu992 Feb 2013 #15
Chalco Feb 2013 #16
Berlum Feb 2013 #17
joeunderdog Feb 2013 #28
meow2u3 Feb 2013 #18
TeamPooka Feb 2013 #19
dhill926 Feb 2013 #20
wildbilln864 Feb 2013 #21
Hotler Feb 2013 #22
MannyGoldstein Feb 2013 #31
bvar22 Feb 2013 #86
frylock Feb 2013 #95
Rider3 Feb 2013 #23
forestpath Feb 2013 #25
dreamnightwind Feb 2013 #49
joeunderdog Feb 2013 #26
Spitfire of ATJ Feb 2013 #27
reformist2 Feb 2013 #29
MannyGoldstein Feb 2013 #30
Euphoria Feb 2013 #32
MannyGoldstein Feb 2013 #38
Larry Ogg Feb 2013 #66
Euphoria Feb 2013 #72
KansDem Feb 2013 #74
Euphoria Feb 2013 #83
mountain grammy Feb 2013 #36
ProSense Feb 2013 #84
MannyGoldstein Feb 2013 #85
dorksied Feb 2013 #33
abelenkpe Feb 2013 #39
onestepforward Feb 2013 #34
mountain grammy Feb 2013 #35
lonestarnot Feb 2013 #37
Le Taz Hot Feb 2013 #40
rhett o rick Feb 2013 #77
Le Taz Hot Feb 2013 #78
rhett o rick Feb 2013 #88
Iwillnevergiveup Feb 2013 #41
DeSwiss Feb 2013 #42
BlueStreak Feb 2013 #43
GiveMeFreedom Feb 2013 #82
hay rick Feb 2013 #44
MannyGoldstein Feb 2013 #45
caledesi Feb 2013 #46
progressoid Feb 2013 #47
longship Feb 2013 #48
MissMarple Feb 2013 #53
Leeds Devil Feb 2013 #50
JDPriestly Feb 2013 #51
burrowowl Feb 2013 #52
johnnyreb Feb 2013 #54
juajen Feb 2013 #55
Larry Ogg Feb 2013 #71
Hulk Feb 2013 #56
snort Feb 2013 #57
Scuba Feb 2013 #58
EastKYLiberal Feb 2013 #59
Zorra Feb 2013 #60
tclambert Feb 2013 #61
reformist2 Feb 2013 #68
malaise Feb 2013 #65
reformist2 Feb 2013 #67
malthaussen Feb 2013 #69
cate94 Feb 2013 #70
horseshoecrab Feb 2013 #73
MrYikes Feb 2013 #75
hamsterjill Feb 2013 #76
DFW Feb 2013 #79
limpyhobbler Feb 2013 #80
Raffi Ella Feb 2013 #81
bvar22 Feb 2013 #87
Blue Owl Feb 2013 #89
Coolest Ranger Feb 2013 #90
MirrorAshes Feb 2013 #91
liberal_at_heart Feb 2013 #92
Prism Feb 2013 #93
frylock Feb 2013 #94
LiberalLovinLug Feb 2013 #96
Douglas Carpenter Feb 2013 #97
lexw Feb 2013 #98
Blanks Feb 2013 #99
RT_Fanatic Feb 2013 #100
chase48 Feb 2013 #101
Owl Feb 2013 #102
Brother Buzz Feb 2013 #105
upi402 Feb 2013 #106
truedelphi Feb 2013 #107

Response to WillyT (Original post)

Thu Feb 14, 2013, 08:42 PM

1. Boom! nt.

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Response to WillyT (Original post)

Thu Feb 14, 2013, 08:42 PM

2. Whoa!

Good for her!

We need more legislators like Warren!

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Response to ananda (Reply #2)

Thu Feb 14, 2013, 09:43 PM

24. For sure

yes we do need more like her.

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Response to WillyT (Original post)

Thu Feb 14, 2013, 08:48 PM

3. New sheriff in town, y'all!

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Response to WillyT (Original post)

Thu Feb 14, 2013, 08:48 PM

4. Great clip, but could not help noticing all of the bottled water with their labels

all facing the cameras. Is there some kind of bottled water supplier was going on?

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Response to likesmountains 52 (Reply #4)

Thu Feb 14, 2013, 09:00 PM

12. That is our Royalty there.

 

They have people that are paid to get heartburn over the least little thing out of place. That is why the water bottles are lined up that way.

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Response to likesmountains 52 (Reply #4)

Fri Feb 15, 2013, 08:42 AM

63. This portion of Diss the Senate dog and pony show is brought to you by...

Last edited Fri Feb 15, 2013, 09:48 AM - Edit history (1)

The Dear Park Bottling Corporation, a subsidiary of Halliburton Fracking International.
We pride ourselves in offering an inexpensive, and sparkling alternative to the poisonous, and sometimes flammable drinking water that is "proof-positive" safe to drink.

Regardless of how your well water looks, smells, and taste like dinosaur ass, we at Dear Park Bottling Corporation pride ourselves at giving our customers the choice they deserve, and or, are accustom to.

Thank you for noticing our advertisement!

We now return you to our regularly scheduled program of Diss the Senate.

Who would have ever noticed...

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Response to WillyT (Original post)

Thu Feb 14, 2013, 08:50 PM

5. Love her! I wish she had been in the Senate as the mess unfolded in 2007-2009

At least she is wasting no time putting those agencies on notice. Almost makes me wish I lived in MA so I could vote for her.

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Response to WillyT (Original post)

Thu Feb 14, 2013, 08:51 PM

6. Now we're cooking with gas! K&R!

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Response to WillyT (Original post)

Thu Feb 14, 2013, 08:51 PM

7. I LOVE HER!

 

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Response to WillyT (Original post)

Thu Feb 14, 2013, 08:54 PM

8. She is A Force to be Reckoned with!

My Senator from Mass. Go Senator Warren!

Thank you, WillyT

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Response to WillyT (Original post)

Thu Feb 14, 2013, 08:55 PM

9. Thannk you Mssachesetts for electing the most effective senator the Dems have!

I think we all knew Liz was going to retain her independant, tough, and fearless demeanor after she got to Washigton, as most of the MEN do not! Hooray for Liz! May she serve a vey very long position in theSenate!

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Response to napi21 (Reply #9)

Fri Feb 15, 2013, 08:55 AM

64. YES! Thank goddess for Elizabeth! Long overdue...

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Response to napi21 (Reply #9)

Sat Feb 16, 2013, 01:05 AM

103. Yes. She could be the Chip Kelly of the Banking Committee

Get the crooks, listen to the testimony, get them deposed, and then bring charges--all in a short period of time--so to speak.

In other words, she needs a touchdown against the scumbags who brought this economy to its knees. I use Chip Kelly as example because thats was his MO: score quickly and often.

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Response to WillyT (Original post)

Thu Feb 14, 2013, 08:57 PM

10. Oh Yeah!!

K & R.

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Response to WillyT (Original post)

Thu Feb 14, 2013, 09:00 PM

11. bannedfromkos does not approve

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Response to whatchamacallit (Reply #11)

Sat Feb 16, 2013, 08:27 PM

108. Who from Kos?

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Response to WillyT (Original post)

Thu Feb 14, 2013, 09:00 PM

13. I think she may still have some campaign debt...

I think I'm going to have to donate. She's awesome.

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Response to WillyT (Original post)

Thu Feb 14, 2013, 09:03 PM

14. Willy, thank you for posting this.

Watching this video earlier today I could not help but fall in love all over again with Elizabeth Warren. The elegant way she came across in making her point, I thought was so remarkable and classy. We couldn't hope for a better contrast than Senator Warren and Senator Cruz.

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Response to Firebrand Gary (Reply #14)

Fri Feb 15, 2013, 08:13 AM

62. Alas Ted Cruz is my senator

At first, I thought was an ambitious hot dog. Now I KNOW that he's a vicious rabid cur dog. How would you like to do business with this man?

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Response to vlyons (Reply #62)

Sat Feb 16, 2013, 02:17 PM

104. I am so sorry for your situation. =(

Just repeat after me "Texas Bluification", "Texas Bluification", "Texas Bluification"... #Itgetsbluer

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Response to WillyT (Original post)

Thu Feb 14, 2013, 09:16 PM

15. Can we please clone her?

she needs to be in the House as well as a regulator in the SEC and adviser to Pres That's all

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Response to WillyT (Original post)

Thu Feb 14, 2013, 09:21 PM

16. I love this woman more than I can say. nt

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Response to WillyT (Original post)

Thu Feb 14, 2013, 09:22 PM

17. Thank you for standing up for the American people, Senator Warren

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Response to Berlum (Reply #17)

Thu Feb 14, 2013, 09:57 PM

28. "Too BIG to Fail has become Too BIG to Trial."

WOW. Wall St. has a new Public Enemy#1.

She talks like us, not a politician. She's fucking incredible.

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Response to WillyT (Original post)

Thu Feb 14, 2013, 09:23 PM

18. Sen. Elizabeth Warren: a bankster's worst nightmare

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Response to WillyT (Original post)

Thu Feb 14, 2013, 09:26 PM

19. k+r!

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Response to WillyT (Original post)

Thu Feb 14, 2013, 09:28 PM

20. Fantastic!!!

K & R....

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Response to WillyT (Original post)

Thu Feb 14, 2013, 09:32 PM

21. awesome! k&r!

Someone with some spine!

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Response to WillyT (Original post)

Thu Feb 14, 2013, 09:34 PM

22. Gee! Just think how if over four years ago...

President Obama called Eric Holder into his office and said "I don't care if you have to arrest the CEO's on Wall St. for jaywalking, you get them before a grand jury. " Things would be today. Instead we got the President going on Sixty Minutes and saying Wall St. did nothing illegal.

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Response to Hotler (Reply #22)

Thu Feb 14, 2013, 10:15 PM

31. And that they're smart businesspeople.

And most of his staff and cabinet come from Wall Street.

And Dimon and Blankfein are regulars at the White House.

And...

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Response to Hotler (Reply #22)

Fri Feb 15, 2013, 03:27 PM

86. He didn't just say they did nothing illegal.

He said they are entitled to their obscene bonuses!

"We can't begrudge them their wealth."

"They are just savvy businessmen."

"Its the Free market."

"Look at all the baseball players."

--- President Obama defending the Wall Street Bonuses

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Response to bvar22 (Reply #86)

Fri Feb 15, 2013, 04:25 PM

95. look at all the baseball players wrecking the economy..

what a stupid remark. thank you for treating us like idiots, mr. Harvard law man sir.

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Response to WillyT (Original post)

Thu Feb 14, 2013, 09:39 PM

23. Amazing woman!

So admired! Proud to have voted for her!

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Response to WillyT (Original post)

Thu Feb 14, 2013, 09:49 PM

25. Wow...such a rarity to see a Democrat actually like a Democrat anymore!

 

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Response to forestpath (Reply #25)

Fri Feb 15, 2013, 01:14 AM

49. +1

Great to see she's giving them a little hell.

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Response to WillyT (Original post)

Thu Feb 14, 2013, 09:51 PM

26. "we correct deficiencies"

Yeah, I'm sure a homeless, penniless victim of banks who institutionally BREAK banking LAWS loves to hear that this is called a "deficiency." Sick.

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Response to WillyT (Original post)

Thu Feb 14, 2013, 09:54 PM

27. "We don't have to bring people to trial to achieve our supervisory goal."

You do now, you asshole.

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Response to WillyT (Original post)

Thu Feb 14, 2013, 10:08 PM

29. If big banking corporations are people, I hope some of them get the death penalty.

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Response to WillyT (Original post)

Thu Feb 14, 2013, 10:11 PM

30. My God! It's like she's channeling President Obama!

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Response to MannyGoldstein (Reply #30)

Thu Feb 14, 2013, 10:27 PM

32. Sorry, but I think it's the other way

...around.
President Obama is now, maybe/sometimes, channeling Senator Warren!

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Response to Euphoria (Reply #32)

Thu Feb 14, 2013, 10:55 PM

38. I was being sarcastic.

Sorry, too dry!

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Response to MannyGoldstein (Reply #38)

Fri Feb 15, 2013, 08:57 AM

66. Please use the sarcasm tag Manny...

Obama's idol worshipers, might take you seriously.

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Response to MannyGoldstein (Reply #38)

Fri Feb 15, 2013, 09:32 AM

72. Ah, sorry. Should've figured it out

because you, Manny, pretty much always get it right.

Dry martini anyone?

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Response to Euphoria (Reply #72)

Fri Feb 15, 2013, 10:18 AM

74. Okay if I stop by after 5pm?


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Response to KansDem (Reply #74)

Fri Feb 15, 2013, 02:30 PM

83. Only if you bring the olives

and I don't do any flavored martinis. But hey, that blue martini looks a lot like Obama-blue, so maybe I'll consider.

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Response to MannyGoldstein (Reply #30)

Thu Feb 14, 2013, 10:43 PM

36. More like FDR.

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Response to MannyGoldstein (Reply #30)

Fri Feb 15, 2013, 02:36 PM

84. Imagine if she

was head of the CFPB.

Elizabeth Warren grills banking regulators at first hearing

<...>


Warren ousted Republican Sen. Scott Brown in November in a hard-fought campaign. She was President Barack Obama's first pick in 2011 to head up the government's newly established Consumer Financial Protection Bureau, an entity the former Harvard University law professor and attorney helped create. But Republicans in Washington essentially killed her nomination, citing her record of taking on big banks and Wall Street. That opposition helped boost Warren's reputation and led Democrats nationwide to embrace her decision to run for U.S. Senate.

http://news.yahoo.com/blogs/ticket/elizabeth-warren-grills-banking-regulators-first-hearing-161535327--politics.html

Things worked out great. She is in the right role at the right time.

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Response to ProSense (Reply #84)

Fri Feb 15, 2013, 03:01 PM

85. Thank goodness

that it was Obama's plan that she end up in the Senate Banking Committee, channeling him.

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Response to WillyT (Original post)

Thu Feb 14, 2013, 10:37 PM

33. Fantastic. I cannot WAIT til she runs for POTUS

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Response to dorksied (Reply #33)

Thu Feb 14, 2013, 10:59 PM

39. Me too! :) nt

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Response to WillyT (Original post)

Thu Feb 14, 2013, 10:38 PM

34. Awesome! n/t

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Response to WillyT (Original post)

Thu Feb 14, 2013, 10:41 PM

35. President Elizabeth Warren, 2016, and America has a chance.

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Response to WillyT (Original post)

Thu Feb 14, 2013, 10:47 PM

37. Bazing Senator Warren. I love you!

Will she run for President?

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Response to WillyT (Original post)

Thu Feb 14, 2013, 11:02 PM

40. If we don't put this woman in the White House

this country is irredeemable. Could we have 99 more Senators just like her, please?

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Response to Le Taz Hot (Reply #40)

Fri Feb 15, 2013, 11:18 AM

77. I'd really be interested to know how much financial help she got from the DSCC

as compared to the Blue Dogs. I know she got a lot of financial help from outside the Party from groups like moveon, PCCC, DFA, etc.

My point is, I would be surprised if the DSCC is particularly interested in cloning Sen Warren.

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Response to rhett o rick (Reply #77)

Fri Feb 15, 2013, 11:34 AM

78. I'm sure Elizabeth Warren wouldn't exactly

be the DSCC's/DNC's pick for a presidential candidate. You'll hear time and again how she's "unelectable." If/When she runs it will have to be a grassroots candidacy. But I'm convinced she could win. Not only the nomination but the presidency. She's just too common sense and speaks "regular folks." She's the real thing and I think that comes across, and not just to Democrats. I think she'd bring in people that don't normally vote. I think she could bring in moderate Republicans.

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Response to Le Taz Hot (Reply #78)

Fri Feb 15, 2013, 03:51 PM

88. The problem she faces is that she is way to progressive for the party machine.

The elite overlords would definitely not allow it. I dont believe she would be where she is without help from outside the party structure.

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Response to WillyT (Original post)

Thu Feb 14, 2013, 11:07 PM

41. And sometimes

it was better for a bank to fold rather than go to trial. Cynical is the word that comes to mind along with greedy, of course.

So wonderful to see this video on the same day Ted Kennedy's rant on increasing the minimum wage was resurrected. Some great folks have come out of Massachusetts.

Huge K&R

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Response to WillyT (Original post)

Thu Feb 14, 2013, 11:08 PM

42. K&R

Big Banks Are Told to Review Their Own Foreclosures

NYT - DealB%k
By JESSICA SILVER-GREENBERG and BEN PROTESS
February 12, 2013

Washington is seeking help from an unlikely group in its effort to distribute billions of dollars to struggling homeowners in foreclosure: the same banks accused of abusing homeowners with shoddy foreclosure practices.

MORE


- Even when you win an inning, the game is still rigged......



My recommendation for new banking regulators:

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Response to WillyT (Original post)

Thu Feb 14, 2013, 11:24 PM

43. YES !!!!!!!!!!!!!!!!!!!!!

Finally we have a Senator who isn't afraid to ask the most basic questions.

And what isn't clear from that clip is that settlements are paid by the institutions, and they are basically pocket change.

Trials can include felony charges with the real possibility of jail time for the people who committed these crimes. For these assholes to brush that off is really astounding.

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Response to BlueStreak (Reply #43)

Fri Feb 15, 2013, 02:11 PM

82. You are half right

And what isn't clear from that clip is that settlements are paid by the institutions, and they are basically pocket change.


Pardon me, not to interrupt, but they are also using the money they stole to pay us back with.

I think that completes the equation.

Thanks for the post.

edit:title

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Response to WillyT (Original post)

Thu Feb 14, 2013, 11:30 PM

44. Make an example.

Well done. Elizabeth Warren prefaces her question by suggesting that if a big bank expects that the penalty for bad behavior will be a consent decree and a fine that can be paid from a portion of the proceeds from their bad behavior- then they will have very little incentive to refrain from bad behavior. She states the obvious, but that makes the follow up question (when was the last time you took a big bank to TRIAL?) devastating when the answer is "never" or "don't know."

I thought it was hilarious that Curry, from OCC, was the first one to speak up and the first one to fall on the punji sticks. A discussion of his agency's handling of the recent Independent Foreclosure Review here: http://www.democraticunderground.com/12525602

Yves Smith weighs in on the settlement here: http://www.nakedcapitalism.com/2013/02/occ-compounds-botched-foreclosure-review-process-with-barmy-plan-for-distributing-peanuts.html

Warren rightly points out that if a party (any government regulatory agency, for example) is unwilling to go to trial, they have reduced leverage in negotiations. The recent OCC settlement is a poster child for this phenomenon. Here's what Smith has to say about the OCC's pretense that the settlement they got was good for homeowners:

Just focus on the cash portion, which is $3.3 billion across the ten servicers in the settlement. The other forms of relief, paralleling the state attorney general/Federal settlement, either arenít worth much (writing off deficiency judgments) or are for things the banks were inclined to do anyhow.

495,000 complaint letters were filed. The estimates of serious harm from the whistleblowers at the Bank of America site in Tampa Bay ranged from 10% to 80%. The average was 33%, and the estimates also clustered around 30% to 40%. So weíll use 30%...
...
You get $18.75 billion. Letís say maybe the temps were too generous and their estimate is 1/3 too high. You still get $12.5 billion, nearly four times the amount for the banks to divvy up. And youíd have some less large payouts for the people not seriously harmed. If you would have qualified for a mod but the bank never processed your application, or were denied a mod incorrectly, thatís a $15,000 award. The folks who were processing mod complaints say they saw another 30% to 40% instances of less serious harm. So if you assume a $15,000 payout for another 20% (thatís conservative, the real number is probably closer to 30%), you get another $1.5 billion.

$14 billion, which is a conservative estimate of what the banks should have been required to cough up, is more than four times the only part that the OCC got that really matters, hard dollar payments to borrowers that suffered real losses. No wonder the banks are perfectly happy to pay out $2 billion to consultants who made a mess of things. Those madcap consultant were as clever as foxes.


But hey, one quarter of a fair settlement is better than no settlement at all. Elizabeth draws the obvious conclusion- we need to make an example of someone or we will never get fair settlement agreements or discourage banks from engaging in bad behavior.









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Response to WillyT (Original post)

Thu Feb 14, 2013, 11:48 PM

45. Every time I watch that video it gets better.

Brava!

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Response to WillyT (Original post)

Thu Feb 14, 2013, 11:59 PM

46. Thanks WillyT! nt

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Response to WillyT (Original post)

Fri Feb 15, 2013, 12:46 AM

47. We need more like her!

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Response to WillyT (Original post)

Fri Feb 15, 2013, 01:11 AM

48. "Too big to fail has become too big for trial...

That just seems wrong to me."

BAM! Warren kicks it up a notch!
R&

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Response to longship (Reply #48)

Fri Feb 15, 2013, 01:42 AM

53. Bingo! Classic line.

Too big to fail has become too big for trial.

Robin Hood moment, most truely so.

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Response to WillyT (Original post)


Response to WillyT (Original post)

Fri Feb 15, 2013, 01:24 AM

51. Thank you, Elizabeth Warren. Finally a Senator with integrity.

Finally.

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Response to WillyT (Original post)

Fri Feb 15, 2013, 01:34 AM

52. Go Elizabeth!

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Response to WillyT (Original post)

Fri Feb 15, 2013, 02:03 AM

54. Bless you Senator Warren!!

Was *any* of this on cable news? (Probably take too much time away from the cruise ship story.)

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Response to WillyT (Original post)

Fri Feb 15, 2013, 02:05 AM

55. Women are like chocolate: Soft, sensuous, filling and full of good things that bring life to the

weariest day. Beautiful, exhilarating and brave. Hooray for Hillary and Elizabeth! Long may they wave!

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Response to juajen (Reply #55)

Fri Feb 15, 2013, 09:30 AM

71. Their both of the same gender, and then the comparison ends...

Elizabeth Warren doesn't act, or talk like a conservative, and has never been a Republican that calls herself a Democrat.

But yes... Hooray for Elizabeth!

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Response to WillyT (Original post)

Fri Feb 15, 2013, 02:43 AM

56. ooooh, the banks aren't going to like this lady for the next six years!

Let's expose these white collar criminals for what they really are. Good for you, Senator Warner!!

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Response to WillyT (Original post)

Fri Feb 15, 2013, 03:23 AM

57. WOW! WOW WOW WOW WOW WOW!

WOW!

As one of many who had the TBTF fuck me over, this makes me really happy.

She is fantastic!

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Response to WillyT (Original post)

Fri Feb 15, 2013, 06:12 AM

58. Thank you Senator Warren (you too WillyT)!!!!!

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Response to WillyT (Original post)

Fri Feb 15, 2013, 06:16 AM

59. Nice to have her and the President on our side. nt

 

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Response to WillyT (Original post)

Fri Feb 15, 2013, 06:46 AM

60. She'll do far more than embarrass them if we elect her prez in 2016. nt

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Response to WillyT (Original post)

Fri Feb 15, 2013, 07:09 AM

61. Such a simple question. With such devastating effects.

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Response to tclambert (Reply #61)

Fri Feb 15, 2013, 09:05 AM

68. It shows just how corrupt Washington is, that nobody has ever challenged them before.

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Response to WillyT (Original post)

Fri Feb 15, 2013, 08:56 AM

65. I love Elizabeth Warren

She tore them a new one

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Response to WillyT (Original post)

Fri Feb 15, 2013, 08:58 AM

67. She makes it SO clear these "regulators" are all lap dogs. They should all be fired.


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Response to WillyT (Original post)

Fri Feb 15, 2013, 09:13 AM

69. Elizabeth Warren FTW

Ya know, I just love somebody who asks a simple question and doesn't accept weasel words as an answer. Wish a few of our media pundits would do this once in awhile.

Of course, Warren doesn't have to worry about having her access pulled.

-- Mal

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Response to WillyT (Original post)

Fri Feb 15, 2013, 09:24 AM

70. That was awesome!

Nail on the head with her last statement:

"I'm concerned that too big to fail has become too big for trial. That just seems wrong to me."

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Response to WillyT (Original post)

Fri Feb 15, 2013, 09:44 AM

73. Massachusetts' new Senior Senator...


Elizabeth Warren is simply incredible and she is on our side for sure!!!

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Response to WillyT (Original post)

Fri Feb 15, 2013, 10:42 AM

75. Yes, she is great.

I am off to write to my senator asking that he befriend Warren and become a warrior himself on any topic of his choosing.

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Response to WillyT (Original post)

Fri Feb 15, 2013, 10:48 AM

76. She is brilliant!

I love how she keeps her cool, and yet just keeps plugging at them!

Thank you, Elizabeth, for being brave enough to stand up for ordinary citizens!

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Response to WillyT (Original post)

Fri Feb 15, 2013, 01:10 PM

79. They all squirmed and couldn't bring themselves to say "never"

Which said "NEVER" louder than any direct admission ever could.

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Response to WillyT (Original post)

Fri Feb 15, 2013, 01:46 PM

80. She's great!.

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Response to WillyT (Original post)

Fri Feb 15, 2013, 02:03 PM

81. K&R

Thank You, Senator Warren!

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Response to WillyT (Original post)

Fri Feb 15, 2013, 03:31 PM

87. Hooray for Senator Warren!!!

...but it is really sad that this is so remarkable.
This should be the NORM,
not the EXCEPTION.

I wish I could see this,
and say (yawn)"Just another Democrat doing their job."




You will know them by their WORKS,
not by their rhetoric, promises, or excuses.
Solidarity99!
--------------------------------------------------------------------------------------------------------------------------------

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Response to WillyT (Original post)

Fri Feb 15, 2013, 04:07 PM

89. A couple slingshots like this just might bring some Goliaths down

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Response to WillyT (Original post)

Fri Feb 15, 2013, 04:11 PM

90. I love it. They stopped her from being in charge of the very agency

she helped to create. But she ran for Senate and now has even more power.

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Response to WillyT (Original post)

Fri Feb 15, 2013, 04:17 PM

91. I love her so much.

Teddy's seat is once again filled with the heart and tenacity of a Lion.

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Response to WillyT (Original post)

Fri Feb 15, 2013, 04:20 PM

92. She is just so freaking awesome!

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Response to WillyT (Original post)

Fri Feb 15, 2013, 04:21 PM

93. And these are the *regulators*

If there has been a clearer illustration of what's wrong with the regulators' relationship with corporations, I've not seen it.

She nailed them to the wall, and it only took her four minutes to do it.

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Response to WillyT (Original post)

Fri Feb 15, 2013, 04:23 PM

94. pwn@ge

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Response to WillyT (Original post)

Fri Feb 15, 2013, 05:21 PM

96. Thankyou Elizabeth

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Response to WillyT (Original post)

Fri Feb 15, 2013, 05:28 PM

97. Elizabeth Warren for President 2016

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Response to WillyT (Original post)

Fri Feb 15, 2013, 05:33 PM

98. AWE!!!!!! SOME!!!!!

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Response to WillyT (Original post)

Fri Feb 15, 2013, 05:34 PM

99. She is very impressive.

I hope she doesn't have any skeletons in her closet. If she goes after bankers like this; we will hear about every thing that she has ever done that could even be perceived as wrong.

I hope she gets some support on this from other senators.

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Response to WillyT (Original post)

Fri Feb 15, 2013, 06:07 PM

100. I applaud Senator Warren

We in Pennsylvania wish with all our hearts that we had a senator like her.

One thing I noted was that the Wall Streeters never answered her questions. Is it possible to "embarrass" people who have no shame?

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Response to WillyT (Original post)

Fri Feb 15, 2013, 06:12 PM

101. This Cherokee is very proud of Elizabeth

 

I and a lot of Oklahomans supported Senator Warren with our monies, I feel so proud that we Oklahomans helped her to that senate seat, I stayed up just to witness some teeth in that senate being Elizabeth! All those wall street CEO's are guilty of the felony fraud, they are all thieves and should be in a federal pen for tanking our economy, but fraud didn't start with those crooks, it began with the real estate Associate that started those NINJA real estate sales, no job, no income, no assets mortgages, he got a commission, passed on to his Realtor who approved the fraud so he got a commission, sold to Goldman Sachs that got those crappy loans rated AAA, they both committed fraud, then bundled them and then tanked AIG buying negative insurance, betting they would fail, all those banks made a ton of fraudulent profits, sold them to credit unions and investors all over the world, knowing they were toxic and would fail and did fail, cashed in their credit defaults swaps,(insurance policy's) when home owners defaulted when they could not pay their ARM mortgages(adjustable rate mortgages), those banks knew those mortgages were toxic and knew home owners would default, that is about the same as premeditated murder, so senator Warren is saying , these guys are guilty of felony crimes, why are they not being prosecuted? I would like my president to ask the same question, and I believe all those commissions should be returned to the victim, the home owners, just sayin!

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Response to WillyT (Original post)

Fri Feb 15, 2013, 06:22 PM

102. I love Elizabeth Warren!

Wow, that was awesome!

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Response to WillyT (Original post)

Sat Feb 16, 2013, 02:26 PM

105. Pee-wee Herman chimes in

Glad I wasn't on Carnival Triumph, don't live in Russia and wasn't being asked questions today by Elizabeth Warren. TGIF!!

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Response to Brother Buzz (Reply #105)

Sat Feb 16, 2013, 02:30 PM

106. lulz

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Response to WillyT (Original post)

Sat Feb 16, 2013, 05:27 PM

107. What we are all witnessing is the end of any type of democracy in our God-forsaken nation

It's nice that one junior Senator is asking questions. But what is most important is that in our country, our electoral system gives us a choice between two people, both of whom are for the Big Financial Firms. The appointments the winner of that debacle makes are what the game is all about. Like the "Onion" reported the other day, the remaining 47 members of the Middle Class were all very happy to hear Obama's pronouncements of going to bat for them during his SOTU. I almsot laughed but it's not funny - there are around 47 members of the Middle Class left standing.

Obama could be appointing people like Neil Barofsky to head the Treasury or SEC. He could be appointing people like Sheila Bair. Or for that matter, Mr Sandy Weill (As long as Sandy keeps to his ideas about breaking the banks up.)

Instead we have had four years of Tim Geithner, and now we get Jack Lew. Right now the USA is a nation wherein for every dollar of profit generated in the country, some 47 cents are going to the coffers of the world's largest banks and financial firms.

In our parents' generation, this was something like 8 to 9 cents out of every dollar of profit.

And the whole system is one giant Ponzi scheme. Plus the system is suffering with the afflictions that the Mafia used to utilize ramped up a 1,000 notches. I remember my dad grumbling abut the poor saps in Chicago who borrowed money from Guido, for 150% interest per year. Now some fifty years later, and we all are hearing that the Big Banks are lending money out to the community on Main Street once again. But what they mean by that is an individual can go into ta PayDay loan firm and get a loan for which they will be required to pay some 900% interest!!!






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