Elizabeth Warren Brilliantly Explains History & Importance of Regulation

[Hissyspit]

Run time: 02:28 https://www.youtube.com/watch?v=YrWyLyCs6yg   Posted on YouTube: April 17, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: April 17, 2009 By DU Member: Hissyspit Views on DU: 778

 
COMEDY CENTRAL The Daily Show w/ JON STEWART - 15 April 2009. Elizabeth Warren is the chair of the Congressional Oversight Panel that oversees the U.S. banking bailout, the Troubled Assets Relief Program, or TARP.

[Rhiannon12866]

1. K&R. Saw this! She was excellent! This is a must-see...

:applause:

[elleng]

2. She's great,

and she was great on morning joe, when even the 2 ** sounded informed.

[Liberal_Christian]

3. Fucking Graham, Leach, Bliley!!!!!!!!!!!!!!

When she was talking about "pulling the thread" thats all I could think about. The Graham, Leach, Bliley Act didn't just pull the thread, it took a blow torch to the fabric!

[tomm2thumbs]

4. simple and effective

is she gunning for Geitner's job? <g>

[Kaleko]

5. She's one of the few major financial appointments that inspires confidence.

It looks like she's fed up with not being listened to by Geithner and Summers and is taking her plight to the public now. The fact the she chose Jon Stewart to call attention to her plight, speaks volumes about the state of affairs in this country.

[AllenVanAllen]

6. I'm glad we have smart people working to help fix the mess left behind.

[D-Lee]

7. Link to John Stewart show and comment

There is a post on her interview on John Stewart's show:
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x5469410

You can find the video links to that show on this Huffington Post page:
http://www.huffingtonpost.com/2009/04/16/elizabeth-warren-makes-jo_n_187635.html

My comment on the DU page was:

The part of the discussion which struck me as most significant started at about the 2nd minute and runs through about the start of the 4th minute of part 2.

Just to give a rough summary, she said that the US had banking / economic crises every 10 to 15 years -- until the FDR reforms, which averted crises for 50 years, with the essential ones being putting in place bank deposit insurance (FDIC), keeping banks from risky activity (loosened with Glass-Siegal), and some SEC regulations. The characterized the last decade of deregulation as "pulling threads" from a successful financial safety net," with the net becoming weakened by each falling away from these successful principles and producing in sequence the savings and loan crises, Enron, and now our current crises.

Brilliant!