The War on Warren

The War on Warren (Full Version)

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Brain -> The War on Warren (3/21/2011 2:04:17 PM)
It’s unfortunate someone who just wants the best for the American people is treated this badly. The War on Warren Last week, at a House hearing on financial institutions and consumer credit, Republicans lined up to grill and attack Elizabeth Warren, the law professor and bankruptcy expert who is in charge of setting up the new Consumer Financial Protection Bureau. Ostensibly, they believed that Ms. Warren had overstepped her legal authority by helping state attorneys general put together a proposed settlement with mortgage servicers, which are charged with a number of abuses. Anyway, everyone knew that the real purpose of the attack on Ms. Warren was to ensure that neither she nor anyone with similar views ends up actually protecting consumers. Let me expand on that for a moment. When the 2008 financial crisis struck, many observers — myself included — thought that it would force opponents of financial regulation to rethink their position. After all, conservatives hailed the debt boom of the Bush years as a triumph of free-market finance right up to the moment it turned into a disastrous bust. But we underestimated the speed and determination with which opponents of regulation would rewrite history. Almost instantly, that free-market boom was retroactively reinterpreted; it became a disaster brought on by, you guessed it, excessive government intervention. http://www.nytimes.com/2011/03/21/opinion/21krugman.html?_r=1 [image]local://upfiles/392475/568220867F184191B0155E226DBA5CE8.jpg[/image]

EternalHoH -> RE: The War on Warren (3/21/2011 3:42:28 PM)
Mixed feelings on this one. We do not need additional regs protecting consumers from a criminal enterprise. We need regs re-inserted that will end the criminal enterprise. We just cannot get the latter in the present climate. Two days after the Wall Street wreck was THE day to do that. Now, its a missed opportunity. Like with all things, there is good regulation and bad regulation. You do not solve the lack of good regs by adding more bad regs. It is a damn shame that it took too many silly regs to create the illusion that deregulation was necessary, and when deregulation happened, they cut the good regs instead.

Brain -> RE: The War on Warren (3/21/2011 8:07:54 PM)
She knows what to do to fix the problems and as Mr. Krugman said in his op-ed they don't want her exactly for that reason.

hlen5 -> RE: The War on Warren (3/22/2011 2:09:13 AM)
Man, a whole thread in just 3 entries!!

SexyBossyBBW -> RE: The War on Warren (3/22/2011 2:32:32 AM)
quote: ORIGINAL: Brain She knows what to do to fix the problems and as Mr. Krugman said in his op-ed they don't want her exactly for that reason. That was also my impression, when I've seen this brilliant woman on Bloomberg television. I don't believe she will be allowed to get far, if there isn't a significant number of non-corrupt politicians and lawyers to shield her from distracting Bull chit. M

EternalHoH -> RE: The War on Warren (3/22/2011 7:02:16 AM)
quote: ORIGINAL: Brain She knows what to do to fix the problems She knows how to fix problems within the confines of working around the very people in the Obama inner circle that created the very problems when they worked for Clinton. When Obama hires Geitner, Rubin, Summers, et al, the very people who allowed the criminal enterprise to grow, how does this woman working around the edges of that solve anything? Is she solving the 'right' thing? The card game is crooked. Obama has hired the designers of the crooked card game that used to work for Clinton. Obama, despite the public rhetoric, is "one of them" who wants the card came to go on, and its confirmed by who he hires for his inner circle. The only thing "financial reform" did was force the players at the table to bring more of their own cash and collateral, and a little less OPM (other peoples money). The only thing Warren is doing is guarding the door, making sure the 'innocents' can't get near the crooked card game. She is pretty much impotent at stopping the crooked card game. She does not trump the others in the Obama inner circle who designed it all.

EternalHoH -> RE: The War on Warren (3/22/2011 7:04:51 AM)
quote: I don't believe she will be allowed to get far Correct. When she goes up against Geitner, Rubin, Summers, she wont be 'allowed' by those guys to get very far.

Edwynn -> RE: The War on Warren (3/22/2011 1:34:52 PM)
Yup. Just ask Brooksley Born, ex CFTC chair. Still, horse-out-of-the-barn venture though this may be, there are still some people that could be better off with her there than otherwise. And though it may be absurd for Warren to actually have to answer to idiots questioning her as to why she is doing the job she was hired to do, it's always fun to hear her response to said idiots. Too bad we can count on the general media to direct our attention elsewhere so most people won't hear it. "Whus Sayra Paylin doin'? Whus Charlie Sheen doin'? woohoo! Ya'huh! Jus' keepin' all you voters real good informed, folks!"

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