elizabeth warren is correct on this

[birdog1960]

http://www.npr.org/blogs/itsallpolitics/2014/12/15/370817279/-warning-shot-sen-elizabeth-warren-on-fighting-the-banks-and-her-political-futur. when will we learn aour lesson on too big to fail? why should taxpayers cover bad derivative bets for huge banks. sadly, she was criticized by her own party for this. jamie dimon was personally calling members of congress to get this passsed. shows how tight the big banks are with many of our corrupt legislators.

[TakeYouToTasker]

http://www.npr.org/b...political-futur. when will we learn aour lesson on too big to fail? why should taxpayers cover bad derivative bets for huge banks. sadly, she was criticized by her own party for this. jamie dimon was personally calling members of congress to get this passsed. shows how tight the big banks are with many of our corrupt legislators.

Thank Dodd-Frank.

[birdog1960]

Thank Dodd-Frank.

um no. this was a provision in dodd frank that was rescinded by the new budget. sets a very bad precedent for throwing distasteful poison pills in budgets with the threat of shutting down the gov't. Edited December 15, 2014 by birdog1960

[B-Man]

sets a very bad precedent for throwing distasteful poison pills in budgets with the threat of shutting down the gov't.

 

That's a joke, right bd ?

 

This sets precedent for "poison pills" ?

 

Where have you been ?

 

 

 

.

[TakeYouToTasker]

um no. this was a provision in dodd frank that was rescinded by the new budget. sets a very bad precedent for throwing distasteful poison pills in budgets with the threat of shutting down the gov't.

Too Big to Fail, as an official government designation, is central to Dodd-Frank.

 

Perhaps you should read it before opining?

[DC Tom]

That's a joke, right bd ?

 

This sets precedent for "poison pills" ?

 

Where have you been ?

 

 

 

.

 

Where has he been? He's been posting this ignorant drivel for years.

 

If there's one thing he's demonstrated, it's that he knows nothing about finance.

[birdog1960]

Where has he been? He's been posting this ignorant drivel for years.

 

If there's one thing he's demonstrated, it's that he knows nothing about finance.

perhaps a criticism of my point rather than this ad hominem would make you appear more intelligent. this is pandering to big banks. it was pushed through on the back of the budget. and none of the major for profit news sources (left or right) are widely reporting it. warren desrves credit for remaining principled. and bucking her own party.

[TakeYouToTasker]

perhaps a criticism of my point rather than this ad hominem would make you appear more intelligent. this is pandering to big banks. it was pushed through on the back of the budget. and none of the major for profit news sources (left or right) are widely reporting it. warren desrves credit for remaining principled. and bucking her own party.

Let's start here:

 

What are the specific changes being made to Dodd-Frank?

[birdog1960]

Let's start here:

 

What are the specific changes being made to Dodd-Frank?

why not read the piece? but since you're a lazy sob:

 

A provision of the Dodd-Frank law required banks to create subsidiary companies to do their trading — with their own money. The idea was to create a firewall between the banks' trading and customers' deposits, which are federally insured.

The spending bill that the Senate passed over the weekend eliminates the new rules, and keeps financial trading within the banks.

 

turns out the wash post is telling the story: http://www.washingtonpost.com/blogs/wonkblog/wp/2014/12/14/elizabeth-warren-is-changing-washington-without-giving-up-her-outside-status/. interesting quote from larry summers to warren. never liked that guy.

[Jauronimo]

http://www.nationalreview.com/article/394635/its-still-tarp-kevin-d-williamson

[Tiberius]

"Republicans slipped in a provision at the last minute that would let derivatives traders on Wall Street gamble with taxpayer money and then get bailed out by the government when their risky bets threaten to blow up our financial system," she told NPR.

 

Heads they win, tails they win, too!

[DC Tom]

perhaps a criticism of my point rather than this ad hominem would make you appear more intelligent. this is pandering to big banks. it was pushed through on the back of the budget. and none of the major for profit news sources (left or right) are widely reporting it. warren desrves credit for remaining principled. and bucking her own party.

 

Okay, a criticism of your point:

 

It's not based in reality, because you don't know what you're talking about. You would need an education before anyone can discuss this with you. That's what TYTT's getting at...he's just nicer about it than I am, or that you deserver.

[GG]

Warren is a populist opportunist who stands to do far more damage to the working class if all her recommendations would be put into policy.

 

But boy, does it sound good to birdbrains.

[IDBillzFan]

Sing with me, birddog!!!

 

http://youtu.be/ZqCFxg2ez44

[TPS]

Warren is a populist opportunist who stands to do far more damage to the working class if all her recommendations would be put into policy.

 

But boy, does it sound good to birdbrains.

I thought you were in favor of the firewall between their trading and insured deposits?

[B-Man]

From Jauronimo's link in reply #10

 

Senator Elizabeth Warren, the millionaire Massachusetts class warrior who has made the vilification of Wall Street bankers her second-favorite pastime (right behind prospering on the largesse of Wall Street lawyers, the gentlemen and scholars who funded her very generously compensated position at Harvard and fill her campaign coffers) did not exactly make the issue her hill to die on, but the fight did provide her an excellent opportunity for grandstanding.

 

No doubt aware that 99 percent of those who look to her for guidance on financial regulation could not explain what a derivative is, Senator Warren did her usual dishonest shtick, engaging in her habitual demagoguery without ever making an attempt to actually explain the issue, which is a slightly complicated and technical one, to the rubes who make up the Democrats’ base. Angrily insisting that the reform is about nothing more than ensuring that “the biggest financial institutions in this country can make more money” is cheap, and it’s easier than trying to explain why many midsized banks believe that the rule puts them at a competitive disadvantage vis-à-vis the big Wall Street firms, to say nothing of exploring the convoluted question of why agricultural swaps are covered by the rule while interest-rate and foreign-exchange swaps are not. This led Maggie Haberman of Politico to admire Senator Warren’s “authenticity,” the choice of precisely that word being the cherry on this sundae of asininity. Senator Warren is as much an authentic champion of ordinary working people as she is an authentic Cherokee princess — and Mel Brooks and those Yiddish-speaking Indians from Blazing Saddles were more convincing in that role.

[boyst]

Ok so Warren is right in your mind, what is the remedy? It's so easy to say this won't work or this is a bad idea by either side - just as she is doing. But, it's much harder to say what will work or what is a better idea. Simply saying no to an idea is not fixing it nor is it doing anything else then forcing it to stay the same way.

[Tiberius]

Ok so Warren is right in your mind, what is the remedy? It's so easy to say this won't work or this is a bad idea by either side - just as she is doing. But, it's much harder to say what will work or what is a better idea. Simply saying no to an idea is not fixing it nor is it doing anything else then forcing it to stay the same way.

Just shut up

[boyst]

Just shut up

no thanks.

 

It's annoying as hell that it is inevitable that Birddog says "The sky is blue." TYTT comes in and says "No, that's not simply true, it's cloudy." Then a debate goes on as if either side of the argument is a better answer then the other when the reality is both are acceptable and both could still be wrong.

 

trolls like you only make it worse by parroting a talking head or tweet. but thats your schtick.

[TakeYouToTasker]

no thanks.

 

It's annoying as hell that it is inevitable that Birddog says "The sky is blue." TYTT comes in and says "No, that's not simply true, it's cloudy." Then a debate goes on as if either side of the argument is a better answer then the other when the reality is both are acceptable and both could still be wrong.

 

trolls like you only make it worse by parroting a talking head or tweet. but thats your schtick.

...

 

I simply require that individuals who feel inclined to opine on a given subject be educated and informed about the subject; else I point out that they have no idea what they're talking about.

 

You, for instance, have no idea what you're talking about in this thread. If you did, you'd be able to distinguish between my posts and those made by birdog. For this reason I have no interest in any opinions you might offer in this thread, until you've bothered to learn the subject matter.

 

I thought you were in favor of the firewall between their trading and insured deposits?

The broad and sweeping power assigned to regulators, and the official designation of Too Big to Fail being given to not only banks, but also insurance companies and investment houses, trumps any "firewall" provisions.