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Old 09-16-2010, 03:14 PM
 
Location: Fredericktown,Ohio
7,168 posts, read 5,343,607 times
Reputation: 2922

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Quote:
Originally Posted by sickofnyc View Post
Tim Geithner Trying to Stop Elizabeth Warren from Heading Consumer Protection Bureau

It’s no secret the watchdog and the Treasury Secretary have had a tenuous relationship. Geithner’s critics have enjoyed watching Warren question him during his four appearances before her panel. Her tough, probing questions on the Wall Street bailout and his role in it — often delivered with a smile — are featured on YouTube. One video is headlined “Elizabeth Warren Makes Timmy Geithner Squirm.”
Tim Geithner Trying to Stop Elizabeth Warren from Heading Consumer Protection Bureau | FDL News Desk

Elizabeth Warren Makes Timmy Geithner Squirm Over AIG and Goldman Sachs Bailouts

YouTube - Elizabeth Warren Makes Timmy Geithner Squirm Over AIG and Goldman Sachs Bailouts
Making Timmy squirm is not a result of anything besides a good laugh.
I did read the interveiw that you posted and found her story about Hillary interesting. As first lady she talked Bill out of signing the bankruptcy bill because it was bad for families and woman. But when she was elected Sen the bill was brought back up and Hillary voted in favor. Here Warren says why :

Quote:
The financial services industry is a big industry in New York, and it's powerful on Capitol Hill. It's a story of how much influence this industry group wields in Washington that ... they can bring to heel a senator who obviously cares, who obviously gets it, but who also obviously really feels the pressure in having to stand up to an industry like that.
The banksters bent Hillary over like a prostitute on 7 th avenue, why would'nt we think that won't happen to Warren? The same fate probally awaits her and instead of Geithner doing the squirming it will be her. Time will tell keep us informed.
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Old 09-16-2010, 03:14 PM
 
27,625 posts, read 21,028,102 times
Reputation: 11091
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Originally Posted by Dockside View Post
Pivotal? Geithner doesn't like her, the very liberal Chris Dodd won't endorse her, and she is such a controversial figure that Obama could only give her a special advisory role because he knew she would never get through a senate confirmation hearing.

That should tell you libs one big important thing...Obama didn't want confirmation hearings because hearings of this nature are broadcast to the public, and the public would have had a fit.

Elizabeth Warren is not what this country needs, but I hope he keeps appointing people like her, because 2012 is suddenly not that far away.
She is enormously popular with consumers and rightly so. She is exactly what we need. If honesty, integrity and an advocate for the average guy is important to you that is, but I can tell that it is not.

The lesson was reinforced a decade later when Citibank invited Warren to propose ways to minimize its losses from cardholders in financial trouble. Warren had simple advice: When borrowers show signs of distress – missed payments and plunging credit scores – cut them off from new lines of credit. But after she finished her presentation, a banker at the back of the room bluntly rejected her suggestion. "We have no interest in cutting back on our lending to these people," he told Warren. "They are the ones who provide most of our profits."

That moment, Warren says, "began to change my whole vision of consumer finance." She came to see Wall Street banks as predators, offering too-easy credit and too-complex contracts designed to "trick and trap" borrowers into recurring fees and exploding interest rates. "If people ended up in bankruptcy," she realized, "it didn't matter for the profit model."


Daily Kos: Piling up on Elizabeth Warren
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