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Old 09-15-2010, 10:00 PM
 
12,270 posts, read 11,273,162 times
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Elizabeth Warren. Looks like our nitwit-in-chief is doubling down on failure. She is just what this country doesn't need, another left-wing academic that hates big business. That ought to gin up the job market.
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Old 09-15-2010, 11:08 PM
 
27,625 posts, read 21,016,545 times
Reputation: 11091
Quote:
Originally Posted by Dockside View Post
Elizabeth Warren. Looks like our nitwit-in-chief is doubling down on failure. She is just what this country doesn't need, another left-wing academic that hates big business. That ought to gin up the job market.
No, she's actually a woman that is looking out for the consumer. Why would anyone have a problem with that and equate that to hating big business and hurting the job market?

Consumers Clamoring for a Leader

Her critics have complained that in her quest to avenge the downtrodden consumer, she could endanger the safety and soundness of banks, by writing rules that would strip them of billions in profits. Her essential position is that if taking advantage of borrowers is necessary to save the banks, then there is something deeply wrong with the banking system in America. The American Bankers Association may not agree with that, but that is unquestionably what most Americans believe. And they are right.

Ms. Warren said that the new agency would have the power to make a rule, for instance, that credit card companies would have to disclose all their contract terms in two pages — in English simple enough for anyone with a 10th-grade education to understand. That one change, she said, would help end the practice of “cheating by contract.” (Another lovely Elizabeth Warren phrase, by the way.) When she had finished speaking, the audience gave her an ovation.

http://www.nytimes.com/2010/08/21/bu...agewanted=1&hp
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Old 09-15-2010, 11:13 PM
 
26,680 posts, read 28,562,741 times
Reputation: 7943
Quote:
Originally Posted by sickofnyc View Post
No, she's actually a woman that is looking out for the consumer. Why would anyone have a problem with that and equate that to hating big business and hurting the job market?
I agree. Sometimes I think these people would like to go back to the days when we had no consumer protections at all. Maybe they'd like to abolish the FDIC while they're at it.
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Old 09-15-2010, 11:19 PM
 
27,625 posts, read 21,016,545 times
Reputation: 11091
Quote:
Originally Posted by AnUnidentifiedMale View Post
I agree. Sometimes I think these people would like to go back to the days when we had no consumer protections at all. Maybe they'd like to abolish the FDIC while they're at it.
Well, you know the deal. Obama chose her so she must be a Commie Socialist. I was very glad to hear this news because last week I had heard that the industry was afraid of her, Geitner did not want her and I kept hoping that Obama would not cave on this one. He did not disappoint.

Last edited by sickofnyc; 09-15-2010 at 11:29 PM..
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Old 09-16-2010, 07:14 AM
 
Location: Fredericktown,Ohio
7,168 posts, read 5,341,054 times
Reputation: 2922
I take caution before jumping on band wagons and for good reasons such as what are the results. I know who Warren is and I have seen her on Cspan and I am aware of what her intentions are. I am also aware of how much power the banksters and the FR have over our leaders, notice they did not name her as the head but gave her a adviser position.
Look who she is under? none other then a bankster and former FR Getihner, does she have any real power? or did the banksters hold onto theirs with their boy Geithner?
Lets review what she has done so far, she was in charge of meetings concerning the TARP bail out. One of her big disclosures was that TBTF banks received dollar for dollar for their toxic assets. Wow, this is really something this was reported back in 2009 and myself with a scant education knew this with out a bunch of useless hearings.
Don't you remember Barnanke saying we do not know how to value these assets and of course they were valued at 100% since the tax payers were picking up the bill. What has been done about that? nothing but a bunch of empty talk at some meeting where she looked tough? The banksters still got their loot and it still is on our tab.
With her being under Geithner and maybe later if she is appointed she will be part of the FR. Someone tell me what she is going to do? Besides growing the gvt and spending 500 million dollars what is going to be the outcome?
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Old 09-16-2010, 07:24 AM
 
Location: My little patch of Earth
6,193 posts, read 5,346,385 times
Reputation: 3058
Default A new Czarina

With backers like these:

The 19 Senators on record for supporting her had she been nominated instead of appointed:

Mark Begich
Barbara Boxer
Sherrod Brown
Roland Burris
Maria Cantwell
Byron Dorgan
Dick Durbin
Al Franken
Tom Harkin
Ted Kauffman
John Kerry
Carl Levin
Jeff Merkley
Patty Murray
Bernie Sanders
Mark Udall

Tom Udall
Sheldon Whitehouse
Ron Wyden

And of course, Rep. Barney Frank



She'll fit right in.
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Old 09-16-2010, 07:31 AM
 
Location: USA - midwest
5,944 posts, read 5,561,303 times
Reputation: 2606
Lightbulb Elizabeth Warren Named Special Advisor

A good choice. Someone who's more Main St than Wall St.
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Old 09-16-2010, 07:43 AM
 
Location: Long Island
32,817 posts, read 19,351,537 times
Reputation: 9616
Finally Obama makes a good choice
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Old 09-16-2010, 08:08 AM
 
70 posts, read 39,443 times
Reputation: 24
Quote:
Originally Posted by sickofnyc View Post
Says much about Warren that the banking industry does not like her. Much like Wall Street hated and feared Spitzer. I saw a documentary about her awhile back. She is brilliant and amazing. This is good news.
HAHAHA- and look what happened to Spitzer.

If you think this little Woman is going to bring down the Big Banks you need a reality check.

The only thing that will bring down the big banks is themselves at this point. Because I do not think America will stand for another wall st bail out.
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Old 09-16-2010, 08:34 AM
 
1,677 posts, read 1,662,319 times
Reputation: 1024
Quote:
Originally Posted by reid_g View Post
I take caution before jumping on band wagons and for good reasons such as what are the results. I know who Warren is and I have seen her on Cspan and I am aware of what her intentions are. I am also aware of how much power the banksters and the FR have over our leaders, notice they did not name her as the head but gave her a adviser position.
Look who she is under? none other then a bankster and former FR Getihner, does she have any real power? or did the banksters hold onto theirs with their boy Geithner?
Lets review what she has done so far, she was in charge of meetings concerning the TARP bail out. One of her big disclosures was that TBTF banks received dollar for dollar for their toxic assets. Wow, this is really something this was reported back in 2009 and myself with a scant education knew this with out a bunch of useless hearings.
Don't you remember Barnanke saying we do not know how to value these assets and of course they were valued at 100% since the tax payers were picking up the bill. What has been done about that? nothing but a bunch of empty talk at some meeting where she looked tough? The banksters still got their loot and it still is on our tab.
With her being under Geithner and maybe later if she is appointed she will be part of the FR. Someone tell me what she is going to do? Besides growing the gvt and spending 500 million dollars what is going to be the outcome?
Hasn't anyone told you that rationale spoils the koolaid?
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