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Idéfix
Petrichor
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Most obvious question
by Petrichor Fri Feb 15, 2013 7:43 pm
http://www.upworthy.com/elizabeth-warren-asks-the-most-obvious-question-ever-and-stumps-a-bunch-of-bank?c=to1
Petrichor- Posts : 1725
Join date : 2012-04-10
Re: Most obvious question
by Petrichor Fri Feb 15, 2013 7:59 pm
The most obvious answer is
If you have an army of well-heeled lawyers that know how to pass the negative buck (and risk) all the way to end of the line where joe schmo, the taxpayer is left holding the bag, then none of them are criminal enterprises. Everyone up and down the chain is protected multiple times over by legalese.
When do you go to trial? Only when someone has broken the law. And here, there is regulatory capture.
If you have an army of well-heeled lawyers that know how to pass the negative buck (and risk) all the way to end of the line where joe schmo, the taxpayer is left holding the bag, then none of them are criminal enterprises. Everyone up and down the chain is protected multiple times over by legalese.
When do you go to trial? Only when someone has broken the law. And here, there is regulatory capture.
Petrichor- Posts : 1725
Join date : 2012-04-10
Re: Most obvious question
by Idéfix Fri Feb 15, 2013 8:24 pm
That is an excellent question, and it remained unanswered. I am glad she is on the committee. Wall Street pioneered regulatory capture, to the point that it is almost beyond hope now to regulate it effectively.
Idéfix- Posts : 8808
Join date : 2012-04-26
Location : Berkeley, CA
Re: Most obvious question
by goodcitizn Fri Feb 15, 2013 10:03 pm
I like this lady. She even made the chairperson of SEC seem like a benchwarmer! I liked her last comment something like: "How can we have institutions that are too big to fail, yet be too big to litigate?"
goodcitizn- Posts : 3263
Join date : 2011-05-03
Re: Most obvious question
by pravalika nanda Fri Feb 15, 2013 10:55 pm
** me too, i really like her. her daughter's married to an indina guy named tyagi. but elizabeth warren is also beautiful.goodcitizn wrote:I like this lady. She even made the chairperson of SEC seem like a benchwarmer! I liked her last comment something like: "How can we have institutions that are too big to fail, yet be too big to litigate?"
pravalika nanda- Posts : 2372
Join date : 2011-07-14
Re: Most obvious question
by MaxEntropy_Man Fri Feb 15, 2013 11:05 pm
i wish she had stayed at her old job or taken up a job like the chairman of the SEC. in any case, she's going to be a great senator.
MaxEntropy_Man- Posts : 14702
Join date : 2011-04-28
Re: Most obvious question
by Marathadi-Saamiyaar Fri Feb 15, 2013 11:09 pm
atcg wrote:http://www.upworthy.com/elizabeth-warren-asks-the-most-obvious-question-ever-and-stumps-a-bunch-of-bank?c=to1
1. This woman got her degrees from "regular" schools and ended up teaching - of all things LAW - at UPenn and Harvard.
2. State-level Debate Champ.
3. She created the Consumer Financial protection Agency - but was not allowed to head the Agency as the Congress and bankers thought she was too agressive.
well...what to do...
4. Become a Senator and ask whatever she wants straight to the bankers.
I only hope she becomes the next William Proxmire.
Marathadi-Saamiyaar- Posts : 17675
Join date : 2011-04-30
Age : 110
Re: Most obvious question
by Idéfix Mon Feb 18, 2013 3:05 pm
This video has officially gone viral... one million hits and counting.
http://www.huffingtonpost.com/2013/02/17/wall-street-warren-video_n_2707016.html?utm_hp_ref=politics
http://www.huffingtonpost.com/2013/02/17/wall-street-warren-video_n_2707016.html?utm_hp_ref=politics
Idéfix- Posts : 8808
Join date : 2012-04-26
Location : Berkeley, CA
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