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Fri Feb 15, 2013, 10:44 PM

Elizabeth Warren: Damaging the Democratic Brand [WITH CORRECTION]

Last edited Sat Feb 16, 2013, 12:18 PM - Edit history (2)

I know that a lot of Looney Left thinks that Professor Warren's cute little questions are all FDR, but it's just GRANDSTANDING.

Those of us who are smart, experienced, and really study these things know that the decent civil servants that she savaged for her own glorification DON'T NEED to put our Financial Titans on trial, BECAUSE THEY'VE STOPPED COMMITTING CRIMES.

Just look at the following chart and see for yourself:



See! Wall Street is so SCARED by Obama that they've stopped committing crimes! These are actual statistics! You'd think a so-called "Harvard Professor" like Warren could understand REAL numbers, and figure out some other way to get some attention, like proposing a free trade bill with North Korea.

Warren's antics are doing NOTHING but angering the Important Americans, and there will be consequences. Next time Bill, Rahm, Larry, or the rest go back to Wall Street for cash, make no mistake, they'll get less. And the price of mansions isn't going down, you know.

Poor Timmy might start at less than $10 mil a year! That's not right!

24 years of Third Way PROGRESS is in jeopardy!

So LET'S STOP WARREN. If you live in Massachusetts, tell your fellow Lefty Moonbats to vote for Scott Brown next time to help make up for last November's mistake. If you live in another state, send cash to Bill, Rahm, Larry or one of the other patriotic Americans whose work is being destroyed by this difficult woman.

And won't somebody do something for poor Timmy?

Sincerely yours,

Third-Way Manny

ON EDIT:

An astute reader noticed that the chart above doesn't actually cover what I claim it does. I don't know when "facts" started to matter, but just in case, I've created a new graph based on the NY Times article In Financial Crisis, No Prosecutions of Top Figures.



See! Proves my point even better! That shrill woman is barking up the wrong tree, there's NOTHING to be found. Statistics don't lie!

107 replies, 14815 views

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Reply Elizabeth Warren: Damaging the Democratic Brand [WITH CORRECTION] (Original post)
MannyGoldstein Feb 2013 OP
msongs Feb 2013 #1
rdharma Feb 2013 #8
lonestarnot Feb 2013 #18
think Feb 2013 #29
libodem Feb 2013 #37
loudsue Feb 2013 #46
gadjitfreek Feb 2013 #50
Oilwellian Feb 2013 #100
FiggyJay Feb 2013 #53
hootinholler Feb 2013 #90
AndyA Feb 2013 #99
Autumn Feb 2013 #2
madokie Feb 2013 #44
nadinbrzezinski Feb 2013 #3
rdharma Feb 2013 #13
nadinbrzezinski Feb 2013 #19
kooljerk666 Feb 2013 #76
libodem Feb 2013 #38
EastKYLiberal Feb 2013 #4
Jamaal510 Feb 2013 #9
MannyGoldstein Feb 2013 #16
DhhD Feb 2013 #72
liberal_at_heart Feb 2013 #23
Dragonfli Feb 2013 #34
BuelahWitch Feb 2013 #39
Dragonfli Feb 2013 #41
Left Coast2020 Feb 2013 #35
Matariki Feb 2013 #5
abelenkpe Feb 2013 #6
progressoid Feb 2013 #7
csziggy Feb 2013 #10
progressoid Feb 2013 #14
csziggy Feb 2013 #17
Isoldeblue Feb 2013 #24
Le Taz Hot Feb 2013 #42
RC Feb 2013 #28
Nevernose Feb 2013 #11
JEB Feb 2013 #12
DallasNE Feb 2013 #15
lonestarnot Feb 2013 #20
tblue Feb 2013 #21
Kennah Feb 2013 #22
WCGreen Feb 2013 #27
MannyGoldstein Feb 2013 #30
Skittles Feb 2013 #25
frylock Feb 2013 #26
Demo_Chris Feb 2013 #31
Politicalboi Feb 2013 #32
Dragonfli Feb 2013 #33
rhett o rick Feb 2013 #36
smirkymonkey Feb 2013 #40
Laelth Feb 2013 #101
xchrom Feb 2013 #43
Laura PourMeADrink Feb 2013 #45
datasuspect Feb 2013 #47
lupinella Feb 2013 #48
jumptheshadow Feb 2013 #49
The Wielding Truth Feb 2013 #59
DisgustipatedinCA Feb 2013 #82
jumptheshadow Feb 2013 #106
ProSense Feb 2013 #51
graham4anything Feb 2013 #52
MannyGoldstein Feb 2013 #55
ProSense Feb 2013 #57
MannyGoldstein Feb 2013 #58
ProSense Feb 2013 #60
MannyGoldstein Feb 2013 #62
ProSense Feb 2013 #63
great white snark Feb 2013 #70
stlsaxman Feb 2013 #67
whatchamacallit Feb 2013 #79
libdude Feb 2013 #54
citizen blues Feb 2013 #92
hootinholler Feb 2013 #56
Agony Feb 2013 #61
Progressive dog Feb 2013 #64
ProSense Feb 2013 #66
Progressive dog Feb 2013 #71
stevenleser Feb 2013 #88
MannyGoldstein Feb 2013 #73
ProSense Feb 2013 #77
MannyGoldstein Feb 2013 #80
ProSense Feb 2013 #81
KoKo Feb 2013 #94
smirkymonkey Feb 2013 #107
joeunderdog Feb 2013 #65
woo me with science Feb 2013 #68
Rosa Luxemburg Feb 2013 #69
SidDithers Feb 2013 #74
Demeter Feb 2013 #75
RoccoR5955 Feb 2013 #78
Jackpine Radical Feb 2013 #83
Fantastic Anarchist Feb 2013 #84
Plucketeer Feb 2013 #85
Benton D Struckcheon Feb 2013 #91
WillyT Feb 2013 #86
hollyrood Feb 2013 #87
ProSense Feb 2013 #89
OnyxCollie Feb 2013 #93
KoKo Feb 2013 #95
Motown_Johnny Feb 2013 #96
MannyGoldstein Feb 2013 #97
Motown_Johnny Feb 2013 #98
quaker bill Feb 2013 #102
ProSense Feb 2013 #103
quaker bill Feb 2013 #104
tclambert Feb 2013 #105

Response to MannyGoldstein (Original post)

Fri Feb 15, 2013, 10:46 PM

1. exactly, dems need fewer mealy mouth appeasers and more Warrens and Graysons nt

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Response to msongs (Reply #1)

Fri Feb 15, 2013, 10:58 PM

8. Warren/Grayson 2016

 

My dream team.

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Response to rdharma (Reply #8)

Fri Feb 15, 2013, 11:17 PM

18. Oh Yeahya!

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Response to rdharma (Reply #8)

Sat Feb 16, 2013, 12:09 AM

29. That's a beautiful dream /nt

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Response to rdharma (Reply #8)

Sat Feb 16, 2013, 01:26 AM

37. wow

That would rock.

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Response to rdharma (Reply #8)

Sat Feb 16, 2013, 07:17 AM

46. I love Grayson, but I still like Eliot Spitzer, and I wish he was in charge of something

besides the news on Current TV. Spitzer got shut out for things that republicans NEVER leave their posts for. Hell! Republicans do little boys, or try to get laid in airport restrooms and they STILL don't leave their posts!

Spitzer might not be a good spouse, but he was DYNAMITE in taking the big boys to the wood shed.

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Response to loudsue (Reply #46)

Sat Feb 16, 2013, 08:08 AM

50. New York has gone to hell since he left.

He could have been a real savior for New York. Between David Patterson and Andrew Cuomo New York is circling the drain ever-faster. Cuomo is a disaster.

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Response to loudsue (Reply #46)

Sat Feb 16, 2013, 06:22 PM

100. Can you name one bank executive that Spitzer sent to jail?

I can't. Fines were paid but their criminality still remains to this day. Can you name the Wall Street criminal that Spitzer roomed with at Princeton?


That same criminal described how easy it was to "rip off clients" while Spitzer was AG:


IMHO, Spitzer is a politician playing the game, nothing more.

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Response to rdharma (Reply #8)

Sat Feb 16, 2013, 08:35 AM

53. Grayson and Spitzer

are fantastic choices, but I would really love to see a Warren/RFK Jr ticket. I'm pretty sure that it couldn't get any better than that.

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Response to rdharma (Reply #8)

Sat Feb 16, 2013, 01:55 PM

90. I would take it!

If she ran, I would work for her election!

I said Warren - Franken earlier. I might rather have Grayson as Atty General.

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Response to rdharma (Reply #8)

Sat Feb 16, 2013, 04:07 PM

99. Dream team!

I'm thrilled that Grayson is back, he isn't afraid to speak his mind and he usually seems to get it right. Same for Warren so far. We need more like them!

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Response to MannyGoldstein (Original post)

Fri Feb 15, 2013, 10:52 PM

2. That kind of damage is perfect, and just what we need

She can tear the house down and I will cheer her on. K/R

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Response to Autumn (Reply #2)

Sat Feb 16, 2013, 06:41 AM

44. Hell I'd help her

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Response to MannyGoldstein (Original post)

Fri Feb 15, 2013, 10:54 PM

3. Lefty moonbats....

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Response to nadinbrzezinski (Reply #3)

Fri Feb 15, 2013, 11:07 PM

13. Off Topic

 

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Response to rdharma (Reply #13)

Fri Feb 15, 2013, 11:18 PM

19. I gave an earful to my newly elected congress critter

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Response to nadinbrzezinski (Reply #19)

Sat Feb 16, 2013, 10:43 AM

76. My take when I yell at congress............

 

is who is gonna protect an aging population against mail fraud?

plenty of strong law against such shit protect all of us, esp. seniors.

When I ask congress-staffers about this aspect they get puzzled & quiet. Many say you have a good point.

So FWIW this line of questioning has not made the attempt to screw the USPS end but it has made people question some of the consequences.

UPS not union & FedEx 1099 subcontractor. FedEx pay NOTHING into Social Security.

I think from now on, NO internet purchases using Credit Cards or PayPAl. They will all be USPS money orders, sent via registered mail & purchase MUST come USPS or I will not buy it.

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Response to rdharma (Reply #13)

Sat Feb 16, 2013, 01:30 AM

38. Great Graphic

Educational. I learned a lot.

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Response to MannyGoldstein (Original post)

Fri Feb 15, 2013, 10:55 PM

4. Lest we forget, President Obama endorsed/stumped for Sen. Warren. nt

 

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Response to EastKYLiberal (Reply #4)

Fri Feb 15, 2013, 10:59 PM

9. +1

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Response to EastKYLiberal (Reply #4)

Fri Feb 15, 2013, 11:16 PM

16. Hellish, isn't it?

At least he *tried* to get her out of Washington, first.

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Response to MannyGoldstein (Reply #16)

Sat Feb 16, 2013, 10:24 AM

72. For four years the bank/banksters chose not to return to the taxpayers that bailed them

out. In my opinion, many Middle people and Left People would like to see the ones that caused the economy to collapse, pay NOW. Such a champion might be able to landslide into the next presidency.

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Response to EastKYLiberal (Reply #4)

Fri Feb 15, 2013, 11:37 PM

23. He also chose Holder who doesn't seem all the interested in prosecuting bankers

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Response to liberal_at_heart (Reply #23)

Sat Feb 16, 2013, 12:48 AM

34. You slander the man sir, he believes very strongly in prosecuting whistle-blower and

Providers of cannabis for medical use, he has in fact been quite aggressive.

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Response to Dragonfli (Reply #34)

Sat Feb 16, 2013, 01:34 AM

39. How do we get the bankers to start smoking pot?

Maybe Holder would come after them then?

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Response to BuelahWitch (Reply #39)

Sat Feb 16, 2013, 02:15 AM

41. maybe if we lace their drug of choice (methamphetamine) with kush?

they will like the sweat taste and natural high and thus become prosecutable.

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Response to liberal_at_heart (Reply #23)

Sat Feb 16, 2013, 12:49 AM

35. The guest on Last Word tonight is skeptic about some of the biggies going to

...the big house. But maybe there is still a chance. We need justice. BTW, it was Erza sitting in.

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Response to MannyGoldstein (Original post)

Fri Feb 15, 2013, 10:57 PM

5. LOL

Looking forward to the angry reactions....

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Response to MannyGoldstein (Original post)

Fri Feb 15, 2013, 10:57 PM

6. :)

I love it!

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Response to MannyGoldstein (Original post)

Fri Feb 15, 2013, 10:58 PM

7. I need to stop reading these kind of posts.

My blood pressure is already too high.

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Response to progressoid (Reply #7)

Fri Feb 15, 2013, 11:01 PM

10. I am really sure that Manny should have used this

at the end of his post. For those of us used to reading his messages, it was pretty clear.

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Response to csziggy (Reply #10)

Fri Feb 15, 2013, 11:12 PM

14. Yeah, I got that...

it's the chart that pisses me off.


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Response to progressoid (Reply #14)

Fri Feb 15, 2013, 11:16 PM

17. Yeah, true

I wish Holder would decided to spend more time with his family and that Obama would select someone less cozy with Wall Street.

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Response to csziggy (Reply #10)

Fri Feb 15, 2013, 11:50 PM

24. WHEW!!! So glad to read your post....

I thought I had wandered into a parallel universe winding up into the neo-con's Cave.... My bowls were roiling and I forgot to breathe.

Don't pull shit like that, without qualifying it, please! I'm an old woman and scares like that aren't good for my BP.

Warren is my feminist superhero and she is coming through on her promises, taking no prisoners!

It's late. Good night my new friends.

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Response to Isoldeblue (Reply #24)

Sat Feb 16, 2013, 05:06 AM

42. If I haven't already done so,

welcome to DU!

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Response to csziggy (Reply #10)

Sat Feb 16, 2013, 12:01 AM

28. I almost alerted.

 

But I read the responses first. That sarcasm thingy really needs to be used more.

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Response to MannyGoldstein (Original post)

Fri Feb 15, 2013, 11:02 PM

11. And that's why I put all my $s into HSBC

Because there's no way someone like aelizabeth Warren would attack a bank that -- despite having served as the clearing house for drug cartels, Russian mobsters, and al Qaeda -- is clearly too big to fail.

I wished I lived in Massachusetts, just so I could've voted for her.

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Response to MannyGoldstein (Original post)

Fri Feb 15, 2013, 11:05 PM

12. How dare she

compare the prosecutions of citizens to Wall Street oversight. Citizens don't make donations to political campaigns anywhere near the magnitude of Wall Street corporations and their tycoons. Of course they are too big for trial. They are the super duper untouchable Americans.

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Response to MannyGoldstein (Original post)

Fri Feb 15, 2013, 11:14 PM

15. That Is Exactly What Warren Was Talking About

Prosecutions are down by 50% since Clinton so that shows how lax enforcement has become -- it doesn't show a drop in illegal activity (although technically that could be happening, especially if activity that used to be illegal has been made legal).

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Response to MannyGoldstein (Original post)

Fri Feb 15, 2013, 11:28 PM

21. My hero!

That would be you, Manny. As for Sen. Warren, meh. Nu, do me something.

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Response to MannyGoldstein (Original post)

Fri Feb 15, 2013, 11:32 PM

22. Manny you glorious bastard!

A Valentine for you!

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Response to Kennah (Reply #22)

Fri Feb 15, 2013, 11:55 PM

27. Ah, what Kennah said.....

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Response to Kennah (Reply #22)

Sat Feb 16, 2013, 12:09 AM

30. Thank you!

Together, we will fight the Bank Griefers!


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Response to MannyGoldstein (Original post)

Fri Feb 15, 2013, 11:51 PM

25. you deserve every one your hearts, Manny-mon

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Response to MannyGoldstein (Original post)

Fri Feb 15, 2013, 11:53 PM

26. Manny, you continue to earn your stripes as the Alpha Woodchuck

I salute you, sir. You are a boon to the Third Way we all aspire to.

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Response to MannyGoldstein (Original post)

Sat Feb 16, 2013, 12:19 AM

31. Seems legit. Case closed! n/t

 

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Response to MannyGoldstein (Original post)

Sat Feb 16, 2013, 12:20 AM

32. WTF?

DON'T NEED to put our Financial Titans on trial, BECAUSE THEY'VE STOPPED COMMITTING CRIMES.

And a just caught shoplifter will gladly pay for that item now. If only.

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Response to MannyGoldstein (Original post)

Sat Feb 16, 2013, 12:34 AM

33. Is there any way we can steal Will Marshall from PPI to run against her?

He understands the important role Wall st. plays in the betterment of our party, our economy, and our lives.

Maybe we can even recall her and mitigate the damage she could do in six years.


You covered most of the important stuff but forget one other VERY important item, banker confidence!
Our God like Galts of the investment world are the smartest people I can think of, but their confidence is very fragile, just asking the uncouth questions she has can damage them and send our economy into a death spiral!

Confidence is so important, that is why we promote confidence men into positions of power.

K&R Manny for an excellent and insightful post!!

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Response to MannyGoldstein (Original post)

Sat Feb 16, 2013, 12:49 AM

36. Keep it up Manny and they wont let you in the "Leaning Left" forum. Serve you right.

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Response to MannyGoldstein (Original post)

Sat Feb 16, 2013, 01:41 AM

40. I live in MA, I voted for Warren and I am truly proud of her!

She is a great Senator. Thank god our state had the good sense to elect her.

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Response to smirkymonkey (Reply #40)

Sat Feb 16, 2013, 06:45 PM

101. Your state did us all a great good. Thank you. n/t

-Laelth

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Response to MannyGoldstein (Original post)

Sat Feb 16, 2013, 06:24 AM

43. Indeed! Nt

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Response to MannyGoldstein (Original post)

Sat Feb 16, 2013, 07:04 AM

45. Part of the issue is finding a law/regulation that is broken. You can't prosecute if you can't

find something to prosecute for. Bush and the repukes did everything they could to make everything legal
and easy for Wall St. Not surprised at all at this chart. Why else would Bush's prosecutions be declining?

So IMHO Warren should be asking about changing laws more than upping prosecutions.

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Response to MannyGoldstein (Original post)

Sat Feb 16, 2013, 07:29 AM

47. if that doesn't dry some powder

 

i don't know what will.

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Response to MannyGoldstein (Original post)

Sat Feb 16, 2013, 07:39 AM

48. K&R n/t

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Response to MannyGoldstein (Original post)

Sat Feb 16, 2013, 07:51 AM

49. Applause! (nt)

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Response to jumptheshadow (Reply #49)

Sat Feb 16, 2013, 09:27 AM

59. Where's the sarcasm icon? This is a joke. Right? Warren needs to come down hard on the banks.

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Response to The Wielding Truth (Reply #59)

Sat Feb 16, 2013, 12:38 PM

82. Yes, it it satirical

Manny takes on the role of "third way Manny" to make a point about centrist, or Third Way, Democrats.

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Response to The Wielding Truth (Reply #59)

Sun Feb 17, 2013, 08:44 AM

106. Manny's post was a joke...

...and he does it so well. It's probably EXACTLY what is being said about Senator Warren in certain entitled circles.

Read ALL of Manny's posts. He is a true Democrat, and is almost always right-on.

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Response to MannyGoldstein (Original post)

Sat Feb 16, 2013, 08:09 AM

51. Evidently,

"See! Wall Street is so SCARED by Obama that they've stopped committing crimes! These are actual statistics! You'd think a so-called "Harvard Professor" like Warren could understand REAL numbers, and figure out some other way to get some attention, like proposing a free trade bill with North Korea."

...they were "SCARED" by Bush too. Did you notice that the decline in prosecutions coincides with the repeal of Glass-Steagall? I mean, the prosecutions dropped by more than 50 percent between 2000 and 2008.



Elizabeth Warren: ‘That’s the strongest argument for a modern Glass-Steagall’

Posted by Ezra Klein

Ezra Klein: So JP Morgan lost $2 billion. They’re not asking for a bailout. They’re not threatening to capsize either themselves or anyone else in the system. And so they say, and it’s not an entirely unfair question, why is this Elizabeth Warren’s business, or the U.S. Congress’s business? Isn’t making bad investment decisions legal?

Elizabeth Warren: That is what Jamie Dimon has said. He says it’s stupid and sloppy but we’ll fix it. So stay away. But what if the next loss is $20 billion or $200 billion? Is he saying JP Morgan should be entitled to continue to take these bets right up until the day it lands in the taxpayers lap again?

Banks are different than other kinds of companies. We learned that in 2008. They run the risk of bringing down our jobs, our pensions, our economy. The basic deal we made with them is they get to operate banks — the things that take savings and investments and checking accounts and get a federal guarantee — in return for submitting to substantial oversight to make sure their activities are safe.

<...>

EK: Do you support a modernized Glass-Steagall law?

EW: Yeah! I’ve talked with Sen. Maria Cantwell from Washington State. She’s been working on that, and I think the debate should be on the table.

EK: What about breaking up the big banks?

EW: You’re approaching risk from two different directions. One is the risk of the activity. That’s the Volcker rule. The other direction is to say risk is an assumption of size. Community banks shouldn’t have to deal with complex regulatory oversight, but the largest institutions should be subject to far more aggressive oversight and have to pay more for the protections they receive from the American taxpayer. Then shareholders may decide to invest in institutions that are not so large.

<...>

EK: Can Dodd-Frank work if it’s effectively implemented?

EW: I think Dodd-Frank is a strong bill that moves in the right direction. But the market keeps changing. The practices keep changing. The idea that we’ll pass one law and then declare that problem is solved, we’ll be back again in 50 years, just doesn’t work anymore. We had a double problem here: Both deregulation and the failure to adapt to new financial conditions and products and practices. That’s what permitted risk to multiply in the system until it nearly brought the economy to its knees.

http://www.washingtonpost.com/blogs/ezra-klein/post/elizabeth-warren-thats-the-strongest-argument-for-a-modern-glass-steagall/2012/05/14/gIQAfxTLPU_blog.html


Like I said in another post, if Elizabeth Warren succeeds in getting regulators to do their jobs, it will ensure that Dodd-Frank has significant impact. That was one of the complaints: Regardless of the law, nothing will happen if regulators don't do their jobs.

The next few years are going to be fun. It will be even more fun if Democrats maintain control of the Senate and regain control of the House.



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Response to ProSense (Reply #51)

Sat Feb 16, 2013, 08:26 AM

52. The key line though is your very last lines

 

"The next few years are going to be fun. It will be even more fun if Democrats maintain control of the Senate and regain control of the House. "


Because the hate the bankers/wall street crowd want to tear the democratic party in half
and if that happens the two lines you wrote won't come to be.
It is why one needs to keep voting straight democratic and not worry what type of democratic candidate is, until the democratic candidates own all of the postion, then
primary the worse ones out with better ones.
Til that happens though nothing will change if the democratic party loses the senate or house

Take it one day at a time, and not rush or be a mob

like President Obama, jab by jab, punch by punch, like his team, like Elizabeth Warren and I do.

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Response to ProSense (Reply #51)

Sat Feb 16, 2013, 09:02 AM

55. Obama ran for the House of Representatives in 2000

Even though he lost, Wall Street took one look and knew their game was up. His presidency was inevitable, and his total mistrust of bankers was obvious.

It was enough to send our Financial Titans down the straight and narrow path.

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Response to MannyGoldstein (Reply #55)

Sat Feb 16, 2013, 09:17 AM

57. Ooh

"Obama ran for the House of Representatives in 2000...Even though he lost, Wall Street took one look and knew their game was up. His presidency was inevitable, and his total mistrust of bankers was obvious."

...nice CT. I mean, they could have had the Clinton/Carville/Penn administration, but Obama was their man.

Scott Brown Mum On Romney While Warren Praises Obama During Debate | Massachusetts Sen. Scott Brown (R) didn’t mention GOP presidential candidate Mitt Romney during Thursday night’s debate against challenger Elizabeth Warren. Warren, on the other hand, reiterated her endorsement of President Obama at least three separate times, but Brown — who recently distanced himself from Romney’s claim that 47 percent of Americans are “dependent upon government” — wouldn’t say the GOP presidential candidate’s name. Instead, he praised Secretary of State Hillary Clinton.

http://thinkprogress.org/politics/2012/09/20/886961/scott-brown-doesnt-endorse-or-mention-romney-in-debate-with-warren/




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Response to ProSense (Reply #57)

Sat Feb 16, 2013, 09:26 AM

58. I know! Can you believe it?

After all that Obama did for her? Where's the quid pro quo?

Obama endorsed Warren the MOMENT she won nomination. Well, actually he didn't endorse until several months later, just a few weeks before the general election, but I'm sure he was just busy. I mean, do you realize just how much time he needs to spend following the secret procedures he set up to verify that each extrajudicial execution is just, moral and wise? Well, I don't either, because it's secret, but I'm sure it's a really long process.

We are truly living in dark times.

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Response to MannyGoldstein (Reply #58)

Sat Feb 16, 2013, 09:29 AM

60. Yeah

"Obama endorsed Warren the MOMENT she won nomination. Well, actually he didn't endorse until several months later, just a few weeks before the general election, but I'm sure he was just busy. I mean, do you realize just how much time he needs to spend following the secret procedures he set up to verify that each extrajudicial execution is just, moral and wise? Well, I don't either, because it's secret, but I'm sure it's a really long process. "

...clearly he forced her to say nice things about him. Are you trying to create the impression that Warren is anti-Obama or that Obama doesn't care much for Warren?

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Response to ProSense (Reply #60)

Sat Feb 16, 2013, 09:39 AM

62. Well... Which of these two was booted out of the Administration?

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Response to MannyGoldstein (Reply #62)

Sat Feb 16, 2013, 09:42 AM

63. So

"Well... Which of these two was booted out of the Administration?"

...is that a "yes" in response to: Are you trying to create the impression that Warren is anti-Obama or that Obama doesn't care much for Warren?


Reed, Brown, Warren Demand an Up or Down Vote on CFPB Director

Senators say efforts to prevent a vote on CFPB Director imperils consumers and undermines our economy

WASHINGTON, DC – In an effort to protect consumers and crack down on financial fraud and abuse, U.S. Senators Jack Reed (D-RI), Sherrod Brown (D-OH), and Elizabeth Warren (D-MA) today called on Republicans to end unprecedented obstruction and allow an up or down vote on Richard Cordray’s nomination to lead the Consumer Financial Protection Bureau (CFPB). Reed, Brown, and Warren, who are members of the Banking Committee, said that confirming a CFPB director will help consumers and strengthen our financial marketplace.

Congress created the CFPB in 2010 to help ensure the financial products and services that Americans depend on every day —including credit cards, mortgages, and loans—work better for the people who use them. But in an effort to limit the effectiveness of the consumer watchdog, a sufficient number of Senate Republicans have stalled the confirmation of the CFPB’s director, former Ohio Attorney General Richard Cordray. Earlier this month, 43 Republican Senators sent a letter protesting the CFPB’s independence and vowing to oppose any nominee to lead the consumer protection agency.

“Every year, hard-working American families lose millions of dollars to deceptive financial practices like hidden fees and predatory lending. The CFPB is there to help keep families from getting scammed. They are shining a spotlight on predatory loan practices and products -- bringing them into the light, where they can be seen and stopped. We must not let opponents of Wall Street reform turn back the clock on consumer protection. Instead of preventing the CFPB from doing its job, opponents of the agency should take an up or down vote. A well-regulated marketplace is good for the economy. It improves consumer and business confidence and ensures fair competition,” said Senator Reed.

“The Consumer Financial Protection Bureau stands up for average Americans,” Senator Brown said. “And yet, Wall Street special interests and their allies in Congress have repeatedly refused to approve anyone to serve as the Director unless the agency’s authority is watered down. The American people are fed up with the obstructionism in Washington. We need to protect this agency that protects American families.”

“Under the leadership of Director Cordray, the CFPB has been making a real difference for hard working families everywhere. After two years, it is time for the Senate to give Rich Cordray a vote--up or down--and remove the uncertainty that is costly to families, to community banks and credit unions, and to everyone in financial services.” said Senator Warren. “Political stalemates don’t end in more government or less government, but in bad government - government that lacks the clarity and predictability that our businesses need to plan for the future, to serve their customers, and to create jobs.”

Since the CFPB opened for business in 2011, it has helped hold financial institutions accountable for mistreating consumers and worked in coordination with our federal regulators to return roughly $425 million to consumers’ pockets. The agency’s Consumer Response center has already heard from more than 100,000 consumers with their individual problems related to their credit cards, mortgages, student loans, and bank accounts.

http://www.warren.senate.gov/record.cfm?id=339671



Warren, Brown, Reed demand majority vote on Cordray nomination
http://www.democraticunderground.com/10022369509

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Response to ProSense (Reply #63)

Sat Feb 16, 2013, 10:10 AM

70. "Are you trying to create the impression that Warren is anti-Obama"

Isn't that the formula of all his posts?

Sloppy sarcasm, self-deprecation and selective interpretations to perpetuate false memes.

Rinse lather repeat. Must be used on a regular basis for product to take it's full effect.

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Response to MannyGoldstein (Reply #62)

Sat Feb 16, 2013, 10:01 AM

67. Wolfie's eyebrows made me laugh!

- "Woah!"

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Response to ProSense (Reply #51)

Sat Feb 16, 2013, 12:21 PM

79. What it shows is that Bush started the decriminalization of financial fraud

and Obama not only followed his disturbing lead, but doubled down. Sound familiar?

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Response to MannyGoldstein (Original post)

Sat Feb 16, 2013, 08:53 AM

54. I believe the chart

The chart tells the facts folks. To me it tells the following.
Criminal behavior, whether blue or white collar tends to be less engaged in if there is a higher level of surveillance or a greater chance of getting caught.
Criminal behavior tends to become more adept at avoiding being discovered.
That chart, if true may be nothing more than an example of my interptetation of criminal behavior.
The chart may reflect the fact that our government may be less interested in pursuing white collar crime, hence the lower prosecution figures. Sen. Warren is right on the issue. What is Mr. Sneiderman doing now?

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Response to libdude (Reply #54)

Sat Feb 16, 2013, 02:30 PM

92. An important point seems to be getting missed here.

They have so successfully invested in the right lobbying efforts that many of the laws are no longer on the books. What was illegal during the S&L crisis that many went to prison for is no longer illegal!!!!

The final repeal of Glass-Steagall is the perfect case. Congress allow CitiBank to merge with Traveler's Group, then a year later repealed Glass-Steagall to make the merger legal!

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Response to MannyGoldstein (Original post)

Sat Feb 16, 2013, 09:08 AM

56. Who the fuck is Timmeh?

And why can't he just borrow a stake from daddy and start an investment company like everyone else does?

You do have some powerful arguments for the third way! By gosh, sign me up! I never realized just how effective they are. Can't argue with statistics!

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Response to MannyGoldstein (Original post)

Sat Feb 16, 2013, 09:32 AM

61. I don't even have to read your stuff anymore to reject it out of hand.

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Response to MannyGoldstein (Original post)

Sat Feb 16, 2013, 09:47 AM

64. Re: the graph

You are right about the prosecutions of bankers dropping while crime is going up. But the graph does not represent the category of crime that you are talking about. It includes federal prosecutions for crimes against banks, such as check fraud.
Very few prosecutions of the kind Sen. Warren was talking about ever happen, but there should have been a sharp spike after this bank meltdown, and there wasn't.

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Response to Progressive dog (Reply #64)

Sat Feb 16, 2013, 09:56 AM

66. Well,

"You are right about the prosecutions of bankers dropping while crime is going up. But the graph does not represent the category of crime that you are talking about. It includes federal prosecutions for crimes against banks, such as check fraud.
Very few prosecutions of the kind Sen. Warren was talking about ever happen, but there should have been a sharp spike after this bank meltdown, and there wasn't. "

...does that really matter given the goal of the OP?

From the original NYT piece that included the chart:

This category can refer to crimes committed both within and against banks. Defendants include bank executives who mislead regulators, mortgage brokers who falsify loan documents, and consumers who write bad checks. (Here are some recent cases of bank fraud prosecutions.)

http://economix.blogs.nytimes.com/2011/11/15/prosecutions-for-bank-fraud-fall-sharply/


I made that point here: http://www.democraticunderground.com/?com=view_post&forum=1002&pid=991102

More:

CHART: Federal Prosecution Of Financial Fraud Is At A 20-Year Low
http://thinkprogress.org/special/2011/11/16/369522/federal-prosecutions-financial-fraud/

Criminal Prosecutions for Financial Institution Fraud Continue to Fall
http://trac.syr.edu/tracreports/crim/267/

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Response to ProSense (Reply #66)

Sat Feb 16, 2013, 10:15 AM

71. Accuracy always matters

The NY Times is where I found the graph also. The graph is from the Syracuse link, per the article.
Elizabeth Warren's questioning was enough to support the original post. The graph does not represent the crimes of which she spoke.

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Response to ProSense (Reply #66)

Sat Feb 16, 2013, 01:30 PM

88. This should be the OP, not the propaganda posted by the OP. nt

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Response to Progressive dog (Reply #64)

Sat Feb 16, 2013, 10:37 AM

73. You are why Democrats lose elections

Your insistence on "math" and "reality" sends Americans into the warm embrace of the Right. Well, more like the man-sized wood chipper of the Right. But you get the idea.

Regards,

Third-Way Manny

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Response to MannyGoldstein (Reply #73)

Sat Feb 16, 2013, 10:44 AM

77. No, Obama won,

"You are why Democrats lose elections"

...despite the handwringing by some that he was going to be a one-term President. He won by a landslide. Elizabeth Warren also won, despite the handwringing by some that she was "kicked" out of the administration.

President Obama knows how to win elections. The 2014 election will decide if Warren and Democrats control the Senate and committees.

Facts are not why "Democrats lose elections."

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Response to ProSense (Reply #77)

Sat Feb 16, 2013, 12:22 PM

80. Good point. He won by telling the TRUTH

that the way forward is to tighten our belts, just a little less than the Republicans want to.

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Response to MannyGoldstein (Reply #80)

Sat Feb 16, 2013, 12:27 PM

81. Hey,

"Good point. He won by telling the TRUTH that the way forward is to tighten our belts, just a little less than the Republicans want to."

...welcome to the present.

Krugman: Two Observations on the Politics of the Minimum Wage
http://www.democraticunderground.com/10022384839

6 Game-Changing Ideas In The State Of The Union
http://www.democraticunderground.com/10022365997

Eugene Robinson: Obama, winning the argument
http://www.democraticunderground.com/10022381931

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Response to ProSense (Reply #81)

Sat Feb 16, 2013, 03:01 PM

94. But, those are selected quotes...whereas the totality of the

of the articles written by Robinson and Krugman are what are left out.

Krugman was "under the bus" when he criticized Obama's Economic Policy here on DU. There were articles countering what he said. Now he is supported and quoted in the "blue links." But, as always they are selected quotes cherry picked. Others articles and views by Joseph Stiglitz and many fianancial experts who cautioned Obama about keeping the same people on board who were part of the De-Regulation and meltdown of our financial system tied to Euorpe and others were dismissed. There were many who wrote and still are writing in depth about the Economic path Obama has followed (Not New Deal Democratic but in fact Corporate Wall Street Republican Light) tending towards continued emphasis on Globalism and leaning towards Bail Outs of Bankers who drove the Economy into the gutter and are costing American Savers billions while being rewarded with bonuses while Americans continue to lose their jobs...including lower level Wall Street employees. The fat cats are still fat...drinking the cream.

These are Corporate Wall Street Programs embraced by Bill Clinton and DLC and perpetuated by two terms of Bush down into the first term of President Obama. You can't have foxes keep raiding the hen house and call that an economic success at this point. It remains to be seen if a house cleaning will occur with Obama's second term, but Jack Lew...doesn't seem a promising candidate for "clean up and clean out."

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Response to MannyGoldstein (Reply #80)

Sun Feb 17, 2013, 12:54 PM

107. Awesome graphic!

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Response to MannyGoldstein (Original post)

Sat Feb 16, 2013, 09:50 AM

65. Manny, your meme will be the talking point of the Meet the Press A-Holes tomorrow

THANK YOU for clearing this up.

I'll be sure to tell Liz to go home and do some knitting and stop causing trouble.

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Response to MannyGoldstein (Original post)

Sat Feb 16, 2013, 10:09 AM

69. I was listening to this on CSPAN the other day

Elizabeth Warren was asking them how many prosecutions and the guy was wiggling and wiggling and would give her a straight answer until after about 10-15 minutes he said - none.

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Response to MannyGoldstein (Original post)

Sat Feb 16, 2013, 10:38 AM

74. Third Party Manny in da house...nt

Sid

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Response to MannyGoldstein (Original post)

Sat Feb 16, 2013, 10:38 AM

75. Yup. That's the Third Way, for sure

But I like the FDR way, personally. Classic, that's my taste.

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Response to MannyGoldstein (Original post)

Sat Feb 16, 2013, 11:03 AM

78. Yeah, but if nobody stands up to the financial institutions

I can guarantee that they will do it again!

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Response to MannyGoldstein (Original post)

Sat Feb 16, 2013, 12:51 PM

83. Jeez, Manny, you can't know how grateful I am to you

for explaining all that to us.

Here I was, fuming about Lew and his million buck bonus for nailing a government job, and now I see that it was all a grand and benificent gesture on the part of Wall Street to make sure we get the kind of leadership we need at Treasury.

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Response to MannyGoldstein (Original post)

Sat Feb 16, 2013, 01:10 PM

84. Keep it up and you'll be Fourth Way Manny!

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Response to MannyGoldstein (Original post)

Sat Feb 16, 2013, 01:17 PM

85. Warren has FRUSTRATED me!

Like - where the HELL has she been all these years???

Lizzie Warren took an axe
and gave ol' Wall St. 40 whacks.
And when we saw what she had done
we all yelled "Lizzie! Forty-one!"

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Response to Plucketeer (Reply #85)

Sat Feb 16, 2013, 02:18 PM

91. Priceless!

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Response to MannyGoldstein (Original post)

Sat Feb 16, 2013, 01:18 PM

86. K & R !!!


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Response to MannyGoldstein (Original post)

Sat Feb 16, 2013, 01:26 PM

87. Cognitive distortion



Remarkable! I just read the Times article. It contradicts everything Manny Goldstein said. What are we doing here, worshiping our God, Obama, at the expense of liberal ideals? Give me a break. Dr. Warren for president.

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Response to MannyGoldstein (Original post)

Sat Feb 16, 2013, 01:41 PM

89. Love the correction. Do you know what was different

during the S&L crisis: Glass-Steagall was still the law of the land. Banks were still banks. The current meltdown stems from deregulation that erased the line between commercial banks and investment banks. It created a huge mess.

It's not that there haven't been any prosecutions, it's that there hasn't been enough. Also, there are some people who many would have liked to see go to jail. Still, there have been prosecutions.

Former BofA Exec Indicted For Fraud
http://www.democraticunderground.com/1002990749

Former Chief Investment Officer of Stanford Financial Group Pleads Guilty to Obstruction of Justice
http://www.stopfraud.gov/iso/opa/stopfraud/2012/12-crm-785.html

Former Corporate Chairman of Consulting Firm and Board Director Rajat Gupta Found Guilty of Insider Trading in Manhattan Federal Court
http://www.stopfraud.gov/iso/opa/stopfraud/NYS-120615.html

Hedge Fund Founder Raj Rajaratnam Sentenced in Manhattan Federal Court to 11 Years in Prison for Insider Trading Crimes
http://www.stopfraud.gov/news/news-10132011.html

CEO and Head Trader of Bankrupt Sentinel Management Indicted in Chicago in Alleged $500 Million Fraud Scheme Prior to Firm’s 2007 Collapse
http://www.stopfraud.gov/iso/opa/stopfraud/ILN-120601.html

Yahoo! Executive and California Hedge Fund Portfolio Manager Plead Guilty in New York for Insider Trading
http://www.stopfraud.gov/iso/opa/stopfraud/NYS-120521.html

Three Former Financial Services Executives Convicted for Roles in Conspiracies Involving Investment Contracts for the Proceeds of Municipal Bonds
http://www.stopfraud.gov/iso/opa/stopfraud/2012/12-at-620.html

Former Chairman of Taylor, Bean & Whitaker Sentenced to 30 Years in Prison and Ordered to Forfeit $38.5 Million
http://www.stopfraud.gov/news/news-06302011-2.html
http://www.stopfraud.gov/iso/opa/stopfraud/2012/12-crm-342.html

Former Chief Financial Officer of Taylor, Bean & Whitaker Pleads Guilty to Fraud Scheme
http://www.stopfraud.gov/iso/opa/stopfraud/2012/12-crm-342.html

Seattle Investment Fund Founder Sentenced to 18 Years in Prison for Ponzi Scheme and Bankruptcy Fraud
http://www.stopfraud.gov/iso/opa/stopfraud/WAW-120210.html

Former Hedge Fund Managing Director Sentenced to 20 Years for Defrauding 900 Investors in $294 Million Scheme
http://www.stopfraud.gov/iso/opa/stopfraud/ILN-111117.html

http://www.stopfraud.gov/news-index.html

As pointed how here (http://www.democraticunderground.com/?com=view_post&forum=1002&pid=2385037) and reiterated here (http://www.democraticunderground.com/?com=view_post&forum=1002&pid=2385063), the top chart in the OP doesn't illustrate the types of prosecutions that were the basis of Senator Warren's questions. Bank regulators have really fallen down on the job, and while the focus has been on regulation like Dodd-Frank, there hasn't been much focus on enforcement, which is sorely needed.




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Response to MannyGoldstein (Original post)

Sat Feb 16, 2013, 02:46 PM

93. Banks don't commit fraud and the US doesn't torture.

No prosecutions equals no crimes.

See? It's all good.

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Response to MannyGoldstein (Original post)

Sat Feb 16, 2013, 03:18 PM

95. K&R...it's good!

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Response to MannyGoldstein (Original post)

Sat Feb 16, 2013, 03:20 PM

96. Look at that first chart again.

It shows how many prosecutions, not how many crimes committed.


Your entire argument is based on that falsehood.


They haven't stopped committing crimes, they have simply not been prosecuted for the crimes they now commit.

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Response to Motown_Johnny (Reply #96)

Sat Feb 16, 2013, 03:29 PM

97. Actually, my post is satire

And you're right.

Third-Way Manny is my alter ego who embraces Third Way claptrap. We often disagree with each other. Gets ugly sometimes.

Regards,

First-Way Manny (the real deal)

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Response to MannyGoldstein (Reply #97)

Sat Feb 16, 2013, 03:33 PM

98. My Bad, I just couldn't get that far into it...

Outrage outweighed my funny bone this time.

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Response to MannyGoldstein (Original post)

Sat Feb 16, 2013, 07:02 PM

102. You stats need correction

I know personally one bank exec who went to and is currently in prison. (She didn't actually make any money off it - but went to prison anyway) So it is not zero, because there is at least one (perhaps two or three, who knows?). (Colonial Bank was the case)

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Response to quaker bill (Reply #102)

Sat Feb 16, 2013, 07:12 PM

103. Are you referring to

Catherine Kissick?

Former Colonial Bank Senior Vice President Sentenced to 8 Years in Prison for Fraud Scheme
http://www.stopfraud.gov/news/news-06172011-2.html

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Response to ProSense (Reply #103)

Sat Feb 16, 2013, 07:14 PM

104. Yes I am

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Response to MannyGoldstein (Original post)

Sat Feb 16, 2013, 09:08 PM

105. Oh, I got it! To eliminate crime, we just need to lay off all the prosecutors.

No one gets prosecuted. No one goes to jail. Therefore there is no crime. Voilà, welcome to a crime-free world.

Take that, Batman, Spider-man, and all you other so-called crime fighters. I just solved the whole thing!

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