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Related: About this forumPic Of The Moment: "Too Big To Fail Has Become Too Big For Trial"
Elizabeth Warren Puts Bank Regulators to Shame in First Senate Hearing
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RKP5637
(67,104 posts)gateley
(62,683 posts)caledesi
(11,903 posts)October
(3,363 posts)Clinton/Warren 2016 - my dream ticket
geardaddy
(24,926 posts)ProfessionalLeftist
(4,982 posts)She put those whiny regulators on the hotseat. Heh.
onehandle
(51,122 posts)Oh, right...
BlancheSplanchnik
(20,219 posts)Too good! Pitch perfect!
"I promise to replace the pair of pants he shit when he found out he had to run against me. *snort*"
Brigid
(17,621 posts)renate
(13,776 posts)But this was fantastic! Thank you!
blaze
(6,359 posts)LOLing here..... thanks so much
tclambert
(11,085 posts)"I am running for senate to f@%k some sh!t up."
tavalon
(27,985 posts)The things the real candidate can't say but so wants to. Man, that was cathartic. I hope she watches that every night!
Senator Warren, please, fuck some shit up!
Dark n Stormy Knight
(9,760 posts)riverbendviewgal
(4,252 posts)Because they are rightly true. Senator you are a dream come true. Make the banks and wall street elites Honest.
Baitball Blogger
(46,700 posts)rhett o rick
(55,981 posts)support organizations like moveon, PCCC, PDA, etc. They did a lot for progressive candidates like Sen Warren.
lark
(23,091 posts)Those groups are the ones that got my donations this cycle, along with several deserving individuals like Warren, Franken, Grayson, etc. DSCC didn't get one dime, not supporting those neo-libs.
proverbialwisdom
(4,959 posts)adigal
(7,581 posts)She needs to stay off small planes.
EarlG
(21,945 posts)Yavin4
(35,437 posts)No offense to DU and EarlG.
Larry Ogg
(1,474 posts)When I first saw the judge, and the prosecutor who likes going trial, they said they didn't care that I didn't own a dog, and advised me to pay the $450.00 fine, and get a class 2 misdemeanor on my record.
It was the case of the magic dog. I was read my rights, and my travel was restricted until I could prove myself innocent.
I had to go all the way to trial before they threw it out.
That's our criminal justice system at its best
tavalon
(27,985 posts)BrotherIvan
(9,126 posts)Imagine if every Democrat acted this way. We could have the country for which we are fighting. I'll keep her in my thoughts as I worry about her safety.
BlancheSplanchnik
(20,219 posts)Warren, Franken 2016!
rocktivity
(44,576 posts)rocktivity
NorthCarolina
(11,197 posts)and wouldn't have to hold my nose to do it. That would be nice for a change.
RC
(25,592 posts)Haven't we had enough with the 3rd Way yet?
TopHatCat
(20 posts)She's my super-secret girlfriend.....
malthaussen
(17,187 posts)I just loves me the people who tell the looters to go stuff themselves.
http://www.mcall.com/news/breaking/mc-pa-lottery-contract-illegal-kane-20130214,0,205807.story
-- Mal
Brigid
(17,621 posts)limpyhobbler
(8,244 posts)nt
dixiegrrrrl
(60,010 posts)Just downloaded a copy for funnsies.
GiveMeFreedom
(976 posts)Thanks dixiegrrrl for the vid. One thing I noticed about this vid is when Senator Warren is asking the first person a question, there is a guy running a camera behind the respondent. Watch his face as this guy starts to answer the question. He is covering up his mouth with his hand and it looks like he's laughing or about to. Love it!
on edit: it starts at about 1:58 on the timeline.
dixiegrrrrl
(60,010 posts)Now that caffeine is aboard.
Love your sig line!
Spitfire of ATJ
(32,723 posts)"We don't have to bring people to trial to achieve our supervisory goal."
And the other answer which was the claim that they wanted to make them pay more in settlements.
The reaction by these regulators was the very notion of jailing them was completely off their radar.
yourout
(7,527 posts)than asking them to buy one less house or take one less trip to europe.
Some time in the crowbar hotel would make them think before pulling the same stunt again. Coughing up a few benjamins will deter them from doing nothing.
Spitfire of ATJ
(32,723 posts)NYC_SKP
(68,644 posts)She's absolutely the best we could hope for.
bvar22
(39,909 posts)The only sad part is that something like this is so notable and unusual that it makes the Front Page at DU.
This should be the NORM for Democrats,
not the exception.
I would love to see this and say, "Ho-Hum. Just another Democrat doing their job."
Be Careful, Elizabeth.
ReRe
(10,597 posts)...that makes one cry tears of joy? We need more Congress and Senate members who can look through the haze and see true reality and tell the rest of us what they see. Senator Warren and Congressman Grayson have the ability to do this. Maybe there are more, but those two are the best at it. Thanks, EarlG. Change that year, though.
beachgirl2365
(111 posts)I got a little misty eyed when I first read this story...........I guess when the SEC and Wall Street have been ABUSING all of us little guys for so long that it has become the norm,........... you lose hope that some actually gives a sh.!!t. Especially when you see Obama's latest appointments of the likes of Mary Jo White (Big bank's little darling) and Penny Pritzker (Corporation's Union busting ho)............... But at least with Warren and Grayson I have a little bit of hope again........ That good will eventually triumph over evil,...... as naive as that may be in today's world..
City Lights
(25,171 posts)calimary
(81,220 posts)She's going straight to the crux of the problem. The - cough - wheeze - ahem - "regulators" are just sitting there taking up space and marking time - til they can move over to the private sector and cash in. With the very fiends and felons they're supposed to be watch-dogging. Instead, they're fawning and lap-dogging and looking the other way, trying to maneuver themselves into nice cushy jobs with these same bastards. They're finding their position in line - hoping to become those bastards.
THANK YOU, MASSACHUSETTS!!!! You may just have redeemed yourselves for foisting wrongney and scott brown on the rest of us! We need at least 59 more like her. I'd love to see her as Senate Majority Leader someday - or even higher and with more clout.
Rider3
(919 posts)Someone who wants to really help us! Wow!
mother earth
(6,002 posts)another_liberal
(8,821 posts)"Too big to fail" is incompatible with a free society which prides itself on equality and fairness, but "too big for trial" means the mega-banks are now above the law and constitute an authority actually superior to our national government. If that becomes the accepted norm for these Wall Street Billionaires, we have lost our democracy in exchange for a few dollars which might (or might not) be added to our retirement portfolios.
Hotler
(11,416 posts)Bill USA
(6,436 posts)recommended!!
UnrepentantLiberal
(11,700 posts)She's the real thing.
Oakenshield
(614 posts)Can't praise her enough, she's a real democrat.
WillyT
(72,631 posts)Cha
(297,154 posts)Thanks EarlG
tclambert
(11,085 posts)with a really big hammer?"
"And another follow-up: Why did some of you put your hands up when I said 'took a Wall Street banker's dick' and then quickly put them down when I said 'smashed it with a really big hammer?' What else would you take a Wall Street banker's dick for? Oh, wait. Oh, you filthy whores!"
blkmusclmachine
(16,149 posts)They got plenty of cash to "make it so."
Babel_17
(5,400 posts)lexw
(804 posts)They looked like a bunch of kids caught playing with matchesfumbling around for excuses.
Scary.
Be safe, Sen. Warren: you've made some big-money very unhappy.
King_Klonopin
(1,306 posts)THE REASON WHY DADDY WENT TO JAIL.
How pathetic IS IT that we haven't moved one inch in that direction.
No punishment means there is nothing to deter these swine
from committing similar crimes in the future. They are above the law.
"It shows what a great country this is, because in any other country
they would have just lined them up and shot them.": Steve Colbert
lupinella
(365 posts)KG
(28,751 posts)bring any wall st fraudster to justice. so it's just the latest episode of the dog-and-pony show
ejbr
(5,856 posts)drynberg
(1,648 posts)We now need some friggin' action to get these Banksters in court, perp walkin' and hearing the big house door clang shut. I'm just sayin'...
joshcryer
(62,269 posts)And the trials would last a decade or more. Lawyers will die and some will get their degree over the course of the trial. And all the loopholes, all the protections, will see the light of day.
And the banks (and corporations) cannot have that. Because the people will finally see what sort of bullshit protections corporations have and how every little bit of legislation is designed solely to protect them.
Warren alludes to this idea in her talk when she says she understands why settlements are better, but she doesn't get to the nitty gritty as to why settlements are preferred. Settlements maintain the status quo and keep the protections that these companies had out of the public light.
If they did go to trial every few months the news would say "Trial with X bank had Y development." 5 years later the people will be like, "What the fuck? That trial is still going on? I had a kid and he's already going to school in that time period!" It's not really about saving the government money for going to trial. When they do calculations about X trial costed so and so much, it's just a basic formulation based upon salaries of the involved parties, the government lawyers are going to get paid regardless, so the real cost is to the corporations, the government, in theory, can run a trial, with government lawyers, for free. Not going to trial is purely to keep corporate protections under wraps. Full stop.
tavalon
(27,985 posts)Now we need to clone 95 more of her.