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Here's a BuzzFlash article on Elizabeth Warren. I'd like to think it's an error.

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Cal33 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-11-10 04:59 PM
Original message
Here's a BuzzFlash article on Elizabeth Warren. I'd like to think it's an error.
Edited on Wed Aug-11-10 05:41 PM by Cal33
Elizabeth Warren Uncovered What the Govt. Did to 'Rescue' AIG, and It Ain't Pretty

"The five-member COP, chaired by Harvard professor Elizabeth Warren, has produced the most devastating and comprehensive account so far. Unanimously adopted by its bipartisan members, it provides alarming insights that should be fodder for the larger debate many citizens long to hear?why Washington rushed to forgive the very interests that produced this mess, while innocent others were made to suffer the consequences.

The Congressional panel?s critique helps explain why bankers and their Washington allies do not want Elizabeth Warren to chair the new Consumer Financial Protection Bureau. The report concludes that the Federal Reserve Board?s intimate relations with the leading powers of Wall Street?the same banks that benefited most from the government?s massive bailout?influenced its strategic decisions on AIG.

The panel accuses the Fed and the Treasury Department of brushing aside alternative approaches that would have saved tens of billions in public funds by making these same banks ?share the pain.? "

tags: aig, elizabeth warren, bailout

3 comments
category: Abuse of Power/Corruption karma: 148

Link:
http://www.buzzflash.net/story.php?id=1120041


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Jackpine Radical Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-11-10 05:02 PM
Response to Original message
1. Now you see why there are populists who want her
and investment banks that don't.
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Cal33 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-11-10 08:56 PM
Response to Reply #1
12. And in recent years it so often looks as though the big-time
crooks in our super-banks and corporations are winning almost all the time. Aren't they?
The average Americans (who make up at least 95% of the population and do most of the work)
don't seem to stand a chance at all!
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havocmom Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-11-10 05:03 PM
Response to Original message
2. Thanks for posting.
Providing a link is helpful to those who might want to read more
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Cal33 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-11-10 05:22 PM
Response to Reply #2
3. I thought there was a link provided. Will try again.
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Make7 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-11-10 05:34 PM
Response to Reply #3
5. I think the suggestion was for you to incude a link to the BuzzFlash article in your OP.
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Cal33 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-11-10 05:45 PM
Response to Reply #5
6. Thanks. I added the link you provided to my original post.
But I don't think there is anything more to read, outside of the comments.
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Make7 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-11-10 06:07 PM
Response to Reply #6
8. That entry at BuzzFlash actually links to a much longer article at AlterNet.
The headline at BuzzFlash is a link to the following article:

Elizabeth Warren Uncovered What the Govt. Did to 'Rescue' AIG, and It Ain't Pretty
 
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Cal33 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-11-10 06:47 PM
Response to Reply #8
9. Thanks again. :o)
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liberalla Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-11-10 07:59 PM
Response to Reply #8
11. Yes, plus there was a posting on that Alternet article,
started by Octafish yesterday. A lot of great comments and links in that thread also:

Elizabeth Warren Uncovered What the Government Did to 'Rescue' AIG, and It Ain't Pretty

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havocmom Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-11-10 07:08 PM
Response to Reply #6
10. Thank you.
I don't distrust you or most people, but I am from Missouri ;)
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xultar Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-11-10 05:29 PM
Response to Original message
4. This makes me dislike Dodd even more.
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Cal33 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-12-10 08:51 AM
Response to Reply #4
15. Dodd isn't too popular nowadays.
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liberalla Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-11-10 05:46 PM
Response to Original message
7. Check this out:
OMG



http://www.dollarsandsense.org/archives/2010/0710bottar...


Really good (and scary) graphic found in this thread... :wow:


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Cal33 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-12-10 07:47 AM
Response to Reply #7
13. Yes, it's impressive! nt
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annabanana Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-12-10 07:49 AM
Response to Reply #7
14. (yeeks!) . . . . . .n/t
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