Elizabeth Warren vs. Wall St.

[finnbow]

Originally Posted by whell

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.

By the time the balloon burst, the choice was to bail out the banks or let the world economy collapse like 1929. It took balls to make the unpopular choice, but it was the right choice. What sucks is that Congress and the regulators set the whole ball in motion years before.

[bobabode]

Originally Posted by finnbow

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.

Don' get yer lace curtains in an uproar Pat. Just messin' with ya.

[bobabode]

Originally Posted by 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

Indeed. The righty blowhards at the Post are having conniptions over Miss Liz.

Good but she's staying in the senate in Teddy's and John's seat. She'll drag Hillary back from the right to the center for '16.

Huzzah!!

[Pio1980]

Originally Posted by whell

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.

If the banks that made the loans had to actually carry the paper themselves and make good on it, it's unlikely this would have happened.
I blame the greed of those who make it their business to outsmart the market while making its policy, you can't expect the general public to be smarter than the experts in this gaming of a rigged system.

Sent from my SM-N900V using Tapatalk

[bobabode]

Originally Posted by Pio1980

If the banks that made the loans had to actually carry the paper themselves and make good on it, it's unlikely this would have happened.
I blame the greed of those who make it their business to outsmart the market while making its policy, you can't expect the general public to be smarter than the experts in this gaming of a rigged system.

Sent from my SM-N900V using Tapatalk

You mean you aren't getting on the 'blame the victims of predatory lending practices' crazy train?

Yeh, me neither Steve.

Whelly must've been reading that lunatic Jennifer Rubin's latest blather at the Post.
here

[whell]

Originally Posted by bobabode

You mean you aren't getting on the 'blame the victims of predatory lending practices' crazy train?

Yeh, me neither Steve.

Whelly must've been reading that lunatic Jennifer Rubin's latest blather at the Post.
here

I hadn't seen that, but tell me if you can where you think she's wrong?

[noonereal]

Originally Posted by whell

I hadn't seen that, but tell me if you can where you think she's wrong?

after reading that i can tell you she's a god awful human

merry christmas!

[bobabode]

Originally Posted by whell

I hadn't seen that, but tell me if you can where you think she's wrong?

Why am I not surprised that you would agree with the Post's resident nutcase?

[finnbow]

Originally Posted by bobabode

Why am I not surprised that you would agree with the Post's resident nutcase?

David Ignatius a resident nutcase? He's a very smart and distinguished journalist - one of the best there is.

He is a former Adjunct Lecturer at the Kennedy School of Government at Harvard University and currently Senior Fellow to the Future of Diplomacy Program. He has received numerous honors, including the Legion of Honor from the French Republic, the Urbino World Press Award from the Italian Republic, and a lifetime achievement award from the International Committee for Foreign Journalism.

http://en.wikipedia.org/wiki/David_Ignatius

Admittedly, he's no Ed Schultz.

[Boreas]

Originally Posted by finnbow

David Ignatius a resident nutcase?

No, no, no! Jennifer Rubin!

John