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Elizabeth Warren Asks The Most Obvious Question Ever And Stumps A Bunch Of Bank Regulators

Submitted by kane1 on Fri, 02/15/2013 - 17:29

Elizabeth Warren EMBARRASSES Bank Regulators At First Hearing

Video:

http://youtu.be/2F6YkBa_Tig

What about fraud?

Submitted by Lukapaka on Fri, 02/15/2013 - 18:29. Permalink

Do you think those who've turned fraud into a general business tactic are innocent of any crime? If that fraud is committed by a multi-national banking organization, should federal investigators ignore the crime and rely on states to prosecute state-by-state?

I guess my point is, she's not talking about regulation (though she is talking to regulators). She is talking about how these people handled CRIME that was commmited.

I see how your point addresses the libertarian perspective, 'let the market choose what investment companies are good!' but investment fraud, in my opinion, should be a punishable offense.

The Banks Pay for the Fraud...in settlements

Submitted by Brigger on Sat, 02/16/2013 - 09:01. Permalink

If the plaintiff chooses not to take the case to court because they receive an acceptable sum outside of the court system, then there is nothing more to be done. Again, in a libertarian world, the purpose of the judicial system is to resolve disputes between two parties. The crime that is being committed by banks is because they are not following procedure, or regulations.

No

Submitted by Lukapaka on Mon, 02/18/2013 - 15:48. Permalink

The crime being committed by banks is lying to their investors, enouraging certain investments that they KNOW (that they absolutely KNOW) will flop, and have set the stage to amass huge profits through other avenues.

It's hard not to like Elizabeth Warren

Submitted by Reconstituter001 on Fri, 02/15/2013 - 16:47. Permalink

regardless of her views, it's hard not to like her.

Where your guys been?

Submitted by OldValue on Fri, 02/15/2013 - 19:07. Permalink

Listening to Bankster backed talk show hosts saying she is bad?

She is almost a Lady Ron Paul...on consistent view.
the elite don't want her.

She if anyone would have listened called the bubble, and congress went out of their way to discredit her!

And the public is now poorer because of no one listening to her.

http://www.pbs.org/wgbh/pages/frontline/breakingthebank/inte...

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Just want what seems to be missing, Truth and Justice for ALL
What is fraud except creating “value” from nothing and passing it off as something?

Like V Respect

Submitted by LocalBoy on Fri, 02/15/2013 - 17:02. Permalink

Sure, she talks a good game.It sounds good and people like to hear........but this bank shill has earned no respect.

Goldman Sachs bought and paid for

Submitted by slugnuts on Fri, 02/15/2013 - 16:35. Permalink

http://www.opensecrets.org/races/contrib.php?id=MAS1&cycle=2012

JP Morgan Chase on there too.

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"Once you become knowledgeable, you have an obligation to do something about it."- Ron Paul

Scott Brown,

Submitted by lottaann on Fri, 02/15/2013 - 16:57. Permalink

not Elizabeth Warren.

Exactly.

Submitted by dabooda on Fri, 02/15/2013 - 18:03. Permalink

Warren didn't get ANY contributions from the banks. Brown's donor list reads like a Who's Who of the banksters.

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Recommended reading: The Most Dangerous Superstition, http://www.amazon.com/Most-Dangerous-Superstition-Larken-Ros...

we are doing good upsetting some?

Submitted by OldValue on Fri, 02/15/2013 - 20:40. Permalink

There must be a banker trolls in here getting --- minus signs on truth

Scott Brown got money
Not Elizabeth Warren.

I don't agree with everyone one even Ron
But when you try to rein in people(bankers) that have lied committed fraud

She wasn't pro tarp the congress said there was to be 4,000,000 home owners bailed out.. Obama moved her to where she couldn't do anything gave her a title and nothing to enforce it with.

If you looking for a more fair country she seem closer to a Ron Paul fit than Scott Brown would have been
Obama with the help of some Republicans took her out of the game.
Put her in a no teeth Government job to shut her up.
Because the .0001% don't want her or Ron Paul
Old Values

Simple addition 1 + 1 makes 2 and
Banks don't like her and they have Record profits!

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Just want what seems to be missing, Truth and Justice for ALL
What is fraud except creating “value” from nothing and passing it off as something?

Legalize Marijuana, pardon those incarcerated

Submitted by Freedom Ninja on Fri, 02/15/2013 - 16:31. Permalink

and make room in those cells, 'cuz they're gonna need them for all the banksters! Well, for those who actually have the courage to face the consequences and not "check out" with a cyanide pill.

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“The lips of Wisdom are closed except to the ears of Understanding.”—The Kybalion
"We are not human beings having a spiritual experience; we are spiritual beings having a human experience"—Pierre Teilhard de Chardin

Big Bank Aspriry Theory

Submitted by Mark Twain on Fri, 02/15/2013 - 15:32. Permalink

Big banks aspire to become bigger, biggest, and bigger yet.

Posted! $2 Billion Reward!

NY Times: HSBC $2 B Settlement. Too Big to Indict. Dec, 2012. 12/12/2012
Big Bank Theory: $250 Trillion Tender. JPM BoA GS MS. Bang! 09/25/2011
Big Bank Foreclosure Probe, Bloomberg 03/03/2011

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Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul ☑

And yet, didn't she support

Submitted by Robert Timsah on Fri, 02/15/2013 - 15:18. Permalink

And yet, didn't she support TARP?

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Buy and Sell Homes For Bitcoins! (Domain For Sale)
http://homesforbitcoins.com/

She was TARP. She Watched Over Hank "the TARP" Paulson.

Submitted by Mark Twain on Fri, 02/15/2013 - 16:02. Permalink

"When was the last time you took a Wall Street bank to trial?" - >b? Elisabeth Warren, Senator, bank regulation hearing, 2013

Asking hard questions is well and good. Odd. After several mumbled regulatory responses, without further fanfare, archaeological expeditions commenced? The regulators hadn't the foggiest recollection of taking a Wall Street Bank to trial.

Elisabeth Warren was appointed as a consumer credit advocate during Turbo Timmy's play time. During the time Hank "The TARP" Paulson, Tresaury Secretary & Turbo Timmy "I am not a regulator" Regulator should have been doing time. Hard time.

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Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul ☑

Nah, the best question posed

Submitted by youjustgotpauled on Fri, 02/15/2013 - 15:08. Permalink

Nah, the best question posed to a bank was Ron Paul's "Is gold money?" toward Bernanke. He followed up with "why not hold diamonds?"

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http://www.youtube.com/watch?v=bFxvy9XyUtg

The Hypocrisy of Elizabeth Warren

Submitted by Mark Hanson on Fri, 02/15/2013 - 15:03. Permalink

Ms. Warren was a leading advocate for the Dodd-Frank Finance Reform Act, which did nothing to downsize Too Big To Fail banks. Oops! In fact, Dodd-Frank's Resolution Authority is a permanent TARP bailout program for TBTF banks. Don't take my word for it, Democrat leaders Brad Sherman, Sherrod Brown and many economists all agree that Dodd-Frank has institutionalized TARP for big banks. Thanks in part to Elizabeth Warren, we still have TBTF banks that are too big to prosecute. You can find many links to Congressional hearings that verify this at:

http://www.standupforyourrights.me/?p=1047

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http://www.dailypaul.com/277342 (Rand Paul: One person can make a difference)
http://www.standupforyourrights.me/?p=1264 (Resist gun control)

I hate to jump in to much

Submitted by OldValue on Fri, 02/15/2013 - 21:03. Permalink

The bill didn't come out the way it was planed got so watered down, for show.
If it had some teeth it would have help.
But your right it's a waste of time.
Glass–Steagall Act needs to return right now. the banks are getting funny money and not using it for anything but to gamble with.

Check out the ES or S&P goes up not because of jobs but because the deal is run the market up...free money to banks 85,000,000,000 that 283.00 dollars per month out of 300 million people THE FED.

As a broker/investment banker. you have no risk buy buy buy when it goes up because your other buddies sign on take profits, book it a a commission and do it some more. and if it breaks no jail.
Just another Bail out.. and more funny money for the crooks!

Thinking Elizabeth Warren is for that is disconnect, from reality.
She is not in the Banks pocket.

Watch this for fun Bail out info and Banks

http://www.thedailyshow.com/watch/thu-february-7-2013/exclus...

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Just want what seems to be missing, Truth and Justice for ALL
What is fraud except creating “value” from nothing and passing it off as something?

Sick of talking about this

Submitted by MykeTheVet on Fri, 02/15/2013 - 14:57. Permalink

I just want someone like Jaime Dimon or Jon Corzine to go to fu**ing prison already.

It's too bad the SEC is paid off as well. They could set America free.

Lima-1, out.

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If you don't know your rights, you don't have any.

give credit

Submitted by Vickie on Fri, 02/15/2013 - 14:51. Permalink

Got to give credit where credit is due. I don't like much of Ms Warren's politics but I like this.

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Vickie

To Put It Simply...

Submitted by trisport on Fri, 02/15/2013 - 14:34. Permalink

Warren wants government to "squeeze" BOTH the little people AND the "big guys". I reckon she's not satisfied with the low visibility convictions and chump change she gets from the rest of us.

She is a very solid vote to audit the fed

Submitted by Miguel on Fri, 02/15/2013 - 14:28. Permalink

She is a very solid vote to audit the fed, always has been.

too big to fail = too big for trial?

Submitted by The Granger on Fri, 02/15/2013 - 14:22. Permalink

great question.

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STAND WITH RAND 2016

Serving a platter of hollow

Submitted by Rylaw on Fri, 02/15/2013 - 14:20. Permalink

Serving a platter of hollow words with a smile. "You little rascals."

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"Government, in my humble opinion, should be formed to secure and to enlarge the exercise of the natural rights of its members; and every government, which has not this in view, as its principal object, is not a government of the legitimate kind."-James W

"Too Big To Fail" has become "Too Big To Trial"

Submitted by Garan on Fri, 02/15/2013 - 13:53. Permalink

Great punch line.

Rand will have a tough time beating Elizabeth in 2016 :D

Submitted by John Robb on Fri, 02/15/2013 - 13:26. Permalink

What's become clear in the last five years is that government banking regulators are on par with the banks in that they are equally happy to settle out of court. Their higher priority is no longer successful regulation but revenue generation, a win-win for both parties.

Hence it becomes rather ridiculous to even bother using the word "both" or transforming the word "party" into the plural as I did at the end of my previous sentence.

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http://spiderjohn.com/direction/

^I'm chuckling at all the down-votes...

Submitted by John Robb on Sat, 02/16/2013 - 03:08. Permalink

Just for the record, I attribute them all to my silly headline and not the body of comment.

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http://spiderjohn.com/direction/

Oh LORD

Submitted by MarcMadness on Fri, 02/15/2013 - 13:09. Permalink

Now people are promoting Lizzie Warren here? She is PART of the problem, a driving force behind the "consumer protection agency".

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http://lionsofliberty.com/

I don't see it as a EW promotion

Submitted by The Granger on Fri, 02/15/2013 - 14:24. Permalink

I think she askes a valid question and the responses validate what Ron Paul about why we need an audit.

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STAND WITH RAND 2016

The Banks and their crimes are the problem

Submitted by LibertyBaby on Fri, 02/15/2013 - 13:27. Permalink

Wall Street/Bank crimes and rip-off schemes remain totally unprosecuted, and there is no accountability in the system.

Warren summed it up pretty good: "Too big to fail means too big for Trial".

It's time that these walls be knocked down, and this change.

This is true

Submitted by Von on Fri, 02/15/2013 - 13:41. Permalink

... but be careful to understand that not all of the people that recognize a problem are necessarily going to offer solutions that make things better.

Somebody rushing to your aid to help you with a paper cut on your finger might have a hacksaw ready to cut your arm off.

Yeah they're eager to help. Do you want them to?