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Published on Tuesday, November 17, 2009 by The New Yorker
Elizabeth Warren on Transparency and Regulation
James Surowiecki spoke with Elizabeth Warren, a professor at Harvard Law School and the chair of the Congressional Oversight Panel for the Troubled Asset Relief Program (TARP), about the importance of transparency in consumer financing, the future of the regulatory system, and what's good about capitalism. They met in Washington, D.C., on November 5th.
The New Yorker © 2009 Condé Nast Digital
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6 Comments so far
Show AllElizabeth Warren has about as much chance of accomplishing transparency as the Wolf has of catching the Roadrunner. Remember, she is from Harvard, the same college that gave us Barack Hoover Obama. The more we turn to people from elite schools to lead us, the faster we advance toward our last breath. Our brightest have created a monster, a psychopathic economy capable of, and likely to devour itself. Economists are like vampires, not only do they suck your blood but they live in darkness. Transparency? Nah!
It is truly beautiful when training and experience meets just the right opportunity.
Elizabeth Warren seems to obviously have her head on straight and isn't it lovely that neocon corporate socialist-fascists must now confront someone who can critique them on their own terms and refute all their carefully researched smoke and mirror euphemisms.
Gag on it JD Byrider, MBNA, Citigroup, Goldman-Sachs, and the US Chamber of Commerce!
May she get her consumer protection regulation passed and be able to administer it by building a staff of experts dedicated to the same purposes. This appears to be one appointment that the Beige Bush got right (whether he intended to or not).
Poet
12 minutes of Do-Gooder Play Nice THEN:
At 12:44 to 18:13 she catches fire and for 5 min 14 seconds she incinerates the "Socialization of Risk" and the "Privatization of Profit" that has been the treasonous course chosen by the Congress in order to bail out their campaign contributors.
Fine and well with the transparency and regulations bit but what I see is the damage from the S&L crisis where the regulators were all subverted and bought off to provide for the 'control fraud' and the real problem is not getting the regulators to go from spotting problems but also going into enforcement mode to prevent such hogwash, but as STONE above says about the coyote's chances of catching the roadrunner some day are better odds.
I watched this on the TeeVee, and ended up shouting "GOOD LUCK WITH THAT".
So what that she's speaking truth, and how this should be done or that needs to be done.
Not a chance in H**L even the least of her statements will get any actual action.
Greedy hands don't let go voluntarily...
Elizabeth Warren talks the talk. But we need action.
What we americans are up against = Ex. Pyscho talk below from DEl. Dem Sen. -
(Is this the other shoe dropping - ie. people should simply stop paying credit cards. Until they the gov, get a handle on the crooked rotten moneychangers.)
Today in boston globe
Push to curb credit-card rates fades
Democrats resist consumer outcry
By Michael Kranish November 18, 2009
One prominent opponent, Senator Thomas R. Carper . . . said he opposes any effort to cap the rates because it would hurt the ability of banks to charge higher rates to customers who have a greater risk of default. “The question is, should banks be able to price for risk?’’ Carper said. “In a free market economy, I think they should.’’
Carper said that if consumers don’t like the credit-card rates, they can pay off their balances and shop for a better rate from another company.
http://www.boston.com/news/nation/washington/articles/2009/11/18/support_wanes_for_curbs_on_credit_card_interest_rates/?page=2
trdjb