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Pain in the Glass (for big banks)

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TheOtherONE
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Post: #1
Pain in the Glass (for big banks)



Sell it, Sistah!

Americablog* Wrote:
CNBC pulls video of Elizabeth Warren smacking down anchor over Glass-Steagall

Earlier this week, Democratic Senator Elizabeth Warren (D-MA) went on CNBC last Friday to debate the Glass-Steagall banking regulations that were adopted in 1933, and her proposal to update and strengthen the law in a way that would likely force the big banks to spin off some of their business and stop being so damn big.

As you can imagine, CNBC is no fan of Glass Steagall, regulating banks, or Elizabeth Warren.

During her appearance on CNBC, Warren basically kicked ass, the video went viral, with over 700,000 views in a matter of days, so CNBC pulled it.


*Aravosis, John. "CNBC Pulls Video of Elizabeth Warren Smacking down Anchor over Glass-Steagall." Web log post. AMERICAblog RSS. AMERICAblog, 19 July 2013. Web. 11 Aug. 2013. <http://americablog.com/2013/07/cnbc-pulls-elizabeth-warren-video-glass-steagall.html>.

11.08.2013 18:16
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Helsworth
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Post: #2
RE: Pain in the Glass (for big banks)

Elizabeth Warren is one solid lady. The host is absolutely a joke. The fact that private bankers have so much leverage, and no constraints over the creation of money at interest - that's what's causing such bubbles to grow so large. Private credit creation can grown an economy, but only a short term and it's not sustainable.
I guess those pricks of CNBC weren't expecting a senator who actually knew what she was talking about.


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This post was last modified: 12.08.2013 22:27 by Helsworth.

12.08.2013 08:15
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TheOtherONE
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Post: #3
RE: Pain in the Glass (for big banks)

She really was well informed and poised. I loved it! Applaus

12.08.2013 19:47
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Slutty Mary
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Post: #4
RE: Pain in the Glass (for big banks)

awesome clip Big Grin

13.08.2013 01:04
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TheOtherONE
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Post: #5
RE: Pain in the Glass (for big banks)

It really is. And it's remarkable how far they will go to argue against the statistics. I felt the same way I do when I hear folks talking about "trickle down theory". Please.

13.08.2013 02:54
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Helsworth
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Post: #6
RE: Pain in the Glass (for big banks)

TheOtherONE Wrote:
It really is. And it's remarkable how far they will go to argue against the statistics. I felt the same way I do when I hear folks talking about "trickle down theory". Please.

Love Great to have a heterodox gal on the forums.


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13.08.2013 07:50
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Titian
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Post: #7
RE: Pain in the Glass (for big banks)

Pfff, politicians
The sole reason for why any failing bank fails is stupidity and imperfect information.

If the Senate needs to regulate something they should regulate the media. The greatest crime against freedom of press is what the press has become in the US of A: (Quite often) incompetent, manipulative wanna-be "journalists" not allowing others to speak freely whilst turning their own words against them.
There should be laws that force journalists to own a degree in the subject they wish to report about.
The same should go for politicians.


"If you grab them by their balls, their hearts and minds will follow." (Yes, Minister)

13.08.2013 13:29
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StatlerNWaldorf
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Post: #8
RE: Pain in the Glass (for big banks)

Trickle Down Economics is when a banker urinates on your leg and tells you it's raining.

13.08.2013 15:09
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TheOtherONE
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Post: #9
RE: Pain in the Glass (for big banks)

Helsworth Wrote:
Love Great to have a heterodox gal on the forums.


Sweettalker! Hugs

titian Wrote:
Pfff, politicians
The sole reason for why any failing bank fails is stupidity and imperfect information.

If the Senate needs to regulate something they should regulate the media. The greatest crime against freedom of press is what the press has become in the US of A: (Quite often) incompetent, manipulative wanna-be "journalists" not allowing others to speak freely whilst turning their own words against them.
There should be laws that force journalists to own a degree in the subject they wish to report about.
The same should go for politicians.


I tend to think the problem is a complex one and not likely rooted in one or two factors but I'm pretty confident that when left to their own devices, banks will act with virtually unlimited self interest and greed.

While I think it would be impractical to require degrees in the subject they report on, I agree that the best journalism should reflect a genuine commitment to be honest, fair, truthful, and thorough (i.e., cover their topic from different angles.)

Certainly an abundance of avarice and and a paucity of integrity contribute to the state of affairs in both financial regulation and journalism.

This post was last modified: 13.08.2013 22:53 by TheOtherONE.

13.08.2013 22:37
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Slutty Mary
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Post: #10
RE: Pain in the Glass (for big banks)

Titian Wrote:
Pfff, politicians
The sole reason for why any failing bank fails is stupidity and imperfect information.


You forgot short-sighted selfishness (as opposed to long-term selfishness which is less destructive).

14.08.2013 01:40
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