Elizabeth Warren vs. Wall St.

[BlueStreak]

I like her, because the Republicans hate her. I had a good laugh watching Faux News on the treadmill this morning. They went on for nearly a half hour solid about Hillary and the signs that she might not run. Then, someone mentioned Warren.............

You could smell the fear. It smelled like..............soiled diapers.

Dave

[bobabode]

I read that steamin' pile of self congratulatory blowhardiness from Ignatious yesterday. That dude has a blind spot bigger'n a Buick.

[BlueStreak]

http://www.washingtonpost.com/blogs/...ory/?tid=sm_fb

Yeah, it's a blog but...........

[finnbow]

Originally Posted by BlueStreak

http://www.washingtonpost.com/blogs/...ory/?tid=sm_fb

Yeah, it's a blog but...........

I posted that article and its graph on another thread. Good stuff.

[finnbow]

Originally Posted by whell

He goes as far as suggesting that Warren is rhetoric is nothing more than neo-populism. That suggests that Ignatius regards Warren as someone who would, as a populist/political opportunist, trash sound economic policy for the sake of advancing her political career and agenda. Maybe that's what Finn's friend is concerned about as well.

I believe you're on to something.

[bobabode]

Originally Posted by finnbow

I believe you're on to something.

Next thing you two will be calling her a commie out to sap our precious bodily fluids while destroyin' Uhmerica...

[finnbow]

Originally Posted by bobabode

Next thing you two will be calling her a commie out to sap our precious bodily fluids while destroyin' Uhmerica...

Nah, but I'm pretty skeptical of populist politicians, regardless of their political stripes. I'm not inferring she's another Huey Long, but skepticism of any and all politicians is a healthy thing IMO.

[whell]

Originally Posted by merrylander

^^^^ But was it sound economic policy? From the banks point of view probably, from the homeowners who took the royal screwing not so much. I like Sheila Bair's approach better.

I think there's plenty of blame to go around for events leading up to the collapse of the mortgage industry. Some folks like to obsess or focus on a single piece of the puzzle, possibly like Ms Warren. I suspect Ms Warren would hold blameless or overlook the culpability of those who knowingly took out mortgages that they knew would be difficult to pay. The banks employed a dubious strategy to mitigate the risk of poorly underwritten mortgages while the Fed pushed a policy of (ridiculously) easy money to encourage expanded home ownership.

Was it sound economic policy that pulled out of that mess? Its not what I would have wanted to see, but it was a policy that was chock full of political expediency that happened to work out OK, at least in the short run. I think a precedent of financial institutions willing to assume risk against of belief that they'll be bailed out by tax payers sets a bad precedent and creates of potentially toxic environment. Time will tell.

[Boreas]

Originally Posted by whell

I think (setting) a precedent (whereby) financial institutions (are) willing to assume risk against (the) belief that they'll be bailed out by tax payers sets a bad precedent and creates of potentially toxic environment. Time will tell.

Damn! I Agree! (At least I think I agree.)

John

[whell]

Originally Posted by Boreas

Damn! I Agree! (At least I think I agree.)

John

Yeah, we do. I think I need to sit down.