Sen. Elizabeth Warren Asks The Most Obvious Question Ever (re: Banking Regs)

[pr_capone]

At 1:20, she asks the question we've all been wanting someone to ask FOREVER. Then a government lawyer stumbles over his words.
At 2:20, she rattles off another one. Then a government lawyer stumbles over his words.
At 2:55, she asks another lawyer the same question. Said lawyer then tries to not stumble over her words.
At 3:25, she asks the same question again. That lawyer asks for some time.
At 3:45, she gets our back and goes for the knockout punch.
And then right after that you reward her good behavior by sharing this with everyone on the Internet. You know you want to.

[KChiefer]

Love the spatterings of applause she's getting although, I'd much prefer it to sound like the Super Dome in there.

[Mr. Flopnuts]

Originally Posted by KChiefer

Love the spatterings of applause she's getting although, I'd much prefer it to sound like the Super Dome in there.

**** yeah. I loved watching those ****ers squrm. I'd much rather see some of them squirm in a jail cell. Put it on pay per view and watch our deficit go down overnight from the revenue it would generate.

[BigRedChief]

There are anonymous bankers whining about the tough questions in articles. Good. Someone should have went to jail.

[mnchiefsguy]

I will give kudos when kudos are due. Warren struck me as a complete nutcase during election season (she may very well be), but on this particular issue she cut through the bullshit and asked some tough legitimate questions. Hopefully she continues to do so during her time on this particular committee.

[chefs fan in omaha]

The problem is that the banks were working with the politicians blessings; they did nothing wrong.

Have you ever heard of the community banking standards?

[VAChief]

Originally Posted by mnchiefsguy

I will give kudos when kudos are due. Warren struck me as a complete nutcase during election season (she may very well be), but on this particular issue she cut through the bullshit and asked some tough legitimate questions. Hopefully she continues to do so during her time on this particular committee.

It is why she wanted to go, this was right in her wheelhouse. Other issues, not so much. This is a big one though.

[ArrowheadMagic]

Originally Posted by chefs fan in omaha

The problem is that the banks were working with the politicians blessings; they did nothing wrong.

yep.

['Hamas' Jenkins]

Originally Posted by chefs fan in omaha

The problem is that the banks were working with the politicians blessings; they did nothing wrong.

Have you ever heard of the community banking standards?

Selling people securities that you know are overly inflated and betting against said securities while getting others to purchase them is a textbook definition of securities fraud, and it happened thousands upon thousands of times.

[BigRedChief]

Originally Posted by mnchiefsguy

I will give kudos when kudos are due. Warren struck me as a complete nutcase during election season (she may very well be), but on this particular issue she cut through the bullshit and asked some tough legitimate questions. Hopefully she continues to do so during her time on this particular committee.

The banks fought tooth and nail to keep her off the committe. Threaten to hold up her appointment to the committee by threatening to run candidates against other committee members, promised money to the campaigns of congressman. They pulled out all the stops, used every tool in their financial and political power.

It's obvious why. On this subject, she knows the subject up and down, forward and backward and those bankers don't scare her. It was fantastic to see a representative of the people take them on.

[BigRedChief]

Originally Posted by chefs fan in omaha

The problem is that the banks were working with the politicians blessings; they did nothing wrong.

The bankers did nothing wrong? Really!! Really!!!

[petegz28]

Originally Posted by 'Hamas' Jenkins

Selling people securities that you know are overly inflated and betting against said securities while getting others to purchase them is a textbook definition of securities fraud, and it happened thousands upon thousands of times.

Yep! And when the party who took the losing side of saif fraud can't pay the party who instigated the fraud to begin with, the tax payer bails them out. Pretty sweet gig, if you ask me.

[theelusiveeightrop]

Banks manipulate the system? Who knew?

[alnorth]

Originally Posted by mnchiefsguy

I will give kudos when kudos are due. Warren struck me as a complete nutcase during election season (she may very well be), but on this particular issue she cut through the bullshit and asked some tough legitimate questions. Hopefully she continues to do so during her time on this particular committee.

She's always been very solid on this issue. Outside of this particular issue, she's a pretty far-left liberal.

It always seemed very, very foolish to me that the GOP made it well known that they would never confirm her to the CFPB, forcing Obama to nominate someone else instead. If she had been in that job, she probably would have been too busy to ever run for Senate and beat Scott Brown.

[Dayze]

Boom