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Elizabeth Warren; I like her
Topic Started: Mar 9 2013, 01:13 AM (145 Views)
Pat
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This week and in the recent past, she has been in the banking regulators face. She like most of us, can't understand why not a single banker has gone to jail, yet as her example yesterday says, let a guy get caught with an ounce of coke, and it's off to prison. The regulators refused to answer her questions, sitting in the hearings in arrogant or feigned ignorance. One said their hands were tied because it was up to the justice department to prosecute.

In all of this, my despise for Obama hypocrisy rose. He is the boss, Holder works for him. If Obama wanted judicial action, a meeting four years ago would have set it in motion. His connection to Goldman Sachs and other financial kingpins make me barf. He's not going to do right by America on this one.

Back to Elizabeth, she has balls in a room full of impotent men. Shameful that she is a lone voice and even more shameful that the games are going on once again and without any reasonablee restraint, next time the world economy might very well collapse due to the compounding affects of these games.
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Mountainrivers
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Pat
Mar 9 2013, 01:13 AM
This week and in the recent past, she has been in the banking regulators face. She like most of us, can't understand why not a single banker has gone to jail, yet as her example yesterday says, let a guy get caught with an ounce of coke, and it's off to prison. The regulators refused to answer her questions, sitting in the hearings in arrogant or feigned ignorance. One said their hands were tied because it was up to the justice department to prosecute.

In all of this, my despise for Obama hypocrisy rose. He is the boss, Holder works for him. If Obama wanted judicial action, a meeting four years ago would have set it in motion. His connection to Goldman Sachs and other financial kingpins make me barf. He's not going to do right by America on this one.

Back to Elizabeth, she has balls in a room full of impotent men. Shameful that she is a lone voice and even more shameful that the games are going on once again and without any reasonablee restraint, next time the world economy might very well collapse due to the compounding affects of these games.
I love Elizabeth Warren. You are right, she has very large balls. Obama is complicit in the financial shenanigans going on in our government. He's beholden to those guys for their financial support during the 2008 campaign. Proof is in the number of Wall Street types he brought into his administration. We need to get private money out of political campaigns and finance them with public funds.
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Pat
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Just about forgot, one major bank has plead guilty to money laundering and being the chief source for funding Mexican drug cartels and terrorist groups. Iran too. Elizabeths' question,"why is this bank still allowed to do business in our country?" the answer was that the case was brought to Holder but Obama didn't want to cause a hit on the world banking system by taking action. In other words, the banks was deemed too big to fail. Which is why as Elizabeth wants, the big banks need to be broken up so no one is so large, they can disrupt the world or get away with financial murder.

You can thank Obama for not reforming banking and breaking up the big financial conglomerates, instead under his watch, the sector is even more centralized in the hands of even fewer players.
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Mountainrivers
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Pat
Mar 9 2013, 01:20 AM
Just about forgot, one major bank has plead guilty to money laundering and being the chief source for funding Mexican drug cartels and terrorist groups. Iran too. Elizabeths' question,"why is this bank still allowed to do business in our country?" the answer was that the case was brought to Holder but Obama didn't want to cause a hit on the world banking system by taking action. In other words, the banks was deemed too big to fail. Which is why as Elizabeth wants, the big banks need to be broken up so no one is so large, they can disrupt the world or get away with financial murder.

You can thank Obama for not reforming banking and breaking up the big financial conglomerates, instead under his watch, the sector is even more centralized in the hands of even fewer players.
To be fair, though, Obama tried to reform Wall Street, was rebuffed by Reps and Dems alike and in the process, lost the support of the Wall Street billionaires. What we got was a watered down bill that did nothing to solve the underlying problem of too big to fail.
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retired
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When the banks,stock marketeers, drug companies etc. all co-mingle with the Govt and the greedy politicians you get what you have now. Corruption at it's worst.
Now if Obama or any politician ere to correct the woes in our land the left and right would throw a hissy fit and continue as it has to further divide our nation.
Christ if all the crooks running our Govt. and the business community were put on trial it would sink our nation.
When the populace comes as one Dem and Rep and insists the shenanigans cease we will have a much better country.Till then it will be us against them. Dumb.
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Pat
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Mountainrivers
Mar 9 2013, 01:23 AM
Pat
Mar 9 2013, 01:20 AM
Just about forgot, one major bank has plead guilty to money laundering and being the chief source for funding Mexican drug cartels and terrorist groups. Iran too. Elizabeths' question,"why is this bank still allowed to do business in our country?" the answer was that the case was brought to Holder but Obama didn't want to cause a hit on the world banking system by taking action. In other words, the banks was deemed too big to fail. Which is why as Elizabeth wants, the big banks need to be broken up so no one is so large, they can disrupt the world or get away with financial murder.

You can thank Obama for not reforming banking and breaking up the big financial conglomerates, instead under his watch, the sector is even more centralized in the hands of even fewer players.
To be fair, though, Obama tried to reform Wall Street, was rebuffed by Reps and Dems alike and in the process, lost the support of the Wall Street billionaires. What we got was a watered down bill that did nothing to solve the underlying problem of too big to fail.
Yes he was, but I think he should have raised the level of discourse to a point at least as equal to his claim of the rich getting off easy on taxes. Is there any more important issue than defending the world from potential collapse? I can't think of one.
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