this entire legislation is operating on an unconstitutional assumption, that congress has the authority and power to grant public funds to private companies. this is expressly forbidden in the constitution. I can't believe the supreme courts are completely silent on this issue? I know for a fact that countless law suits have been filed against these legislations.
we are a constitution representative republic I know, but we're also based on adam smith, who's against govt interference in trade
So far we have William Black and Elizabeth Warren who have spent some political capital ostensibly against the Wall Street/DC fraud.
What is Warren's next move? She can call for transparency, and there seems to be pressure to reveal who exactly is getting all this money from Fed and Treasury.
Is she allowed to do a media tour or something? Like the US Comptroller did two years ago?
This woman or Sheila Bair should be the Treasury Secretary; but since they are not Wall St. insiders and not beholden to Obama's financial community campaign contributors, it wasn't going to happen nor will it ever.
To ginsley12 and other confused dolts below who think Warren "took their money" or is part & parcel of the Treasury team. True fact: Elizabeth Warren was pulled from the private sector last Fall to monitor and reort to taxpayers and Congress how Treasury was administering TARP. She is not part of the Treasury or Fed, idiots. She is trying to explain to taxpayers here what her oversight panel has found.
I commend Warren for her ability to be civil. Her job is to oversee the Treasury, and yet she has been requesting the bailout plan from them for months. Every time that I have seen her, she has been composed but clearly frustrated. Fox Business ended up suing the Treasury to get the plan. I thought the "change" we were promised was supposed to include transparency, accountability and clarity?
ginsley12 I share your skepticism. Warrens first attempt at outreach to the taxpayers paying for this bailout was to try to blame poor people getting mortgages. She sounded like a Rush Limbaugh ditto-head.
I am pleasantly surprised she has started to tell the truth about the fraud at Goldman Sachs, JP Morgan, Citi, Bank of America and UBS. She now seems to be publicly mentioning the outright *fraud* these people were engaged in, like Black did on PBC recently.
blaming poor people??? Elizabeth Warren?? I'd like you cite that please. I've been following her for the past 3 years and she is resolutely on the side of consumers (especially "the poor").
This comment has received too many negative votesshow
Warren, no matter how you wanna spin it, you owe the american taxpayers back all that money with interest. You had no right just taking it. And that's why you're seeing all these Tea Parties and you will more and more until you listen or them storm down the doors of washington and force you OUT! Got it yet? keep ignoring people and you will see trouble.
There are approximately 300 million people in the USA. One trillion dollars represents about $3,000 per citizen. Eliminate the non productive members of society (non taxpayers), one trillion is about $10,000 per. Do the math. The taxpayers are on the hook for bailouts, stimulus, pork, debt service etc. When the debt exceeds $10 trillion, our share will be over 6 figures. Inflation to the rescue?
This comment has received too many negative votesshow
Thank her for what? How me and my children are going to pay for the mess the D's and R's created through the Fed? How about she suggest "the free market" with no gov't management figure out this mess? Instead she calls for more control. The bottom line is Warren is nothing more then a part of the problem and not the solution. I have to pay my bills sister, you want to let your campaign contributors off the hook. Nothing but a stupid woman here. A billion here a trillion there?
People now think the banks and the government are covering up how bad the problem is, that neither the banks nor the government will give an honest assessment of the quality of the "assets" the banks are holding. I don't think throwing some money at the banks will restore confidence in them, and that means people won't put their money at what they perceive as risk, with the troubled banks.
I've been a huge fan of Elizabeth's work for a while -- particularly her look at the obstacles that middle-class families face as homeowners. It's not really what she's talking about that is so impressive, but HOW she talks about it. Genuine and thoughtful and relevant. It's important for Americans to actually read these reports though.
Why can't we get her on all the cable shows and into a strong position in this administration. I saw her at CAP a couple of years ago and have touted her abilities ever since
Thank you Elizabeth for doing these videos. Too bad they won't give you any power to actually DO something about the fraud and theft known as the "bailouts". At least we are starting to hear the actual from people such as yourself and others like William Black, Simon Johnson and William Greider.
Professor Warren, You have been the sanest and more reassuring voice amid the recession. Why the President hasn't put you front and center is beyond me. Listening to Geitner makes me cringe. You inspire confidence. Please keep up the good fight!
I have chosen to believe Warren's interns are reading my comments, since I'm one of the few commenting.
Good for Warren that she made some press announcement about how she can't do oversight because those crooks Geithner and Summers are keeping everything secret.
So Warren, now the proper thing to do is to threaten to resign since they are preventing you from doing your job.
Put the year as well as the month please.....This is 2009, I deduce. I can only assume it is.
followthefleet1 1 year ago
She is lovely could we please have a fire in the background so we could really enjoy a cup of tea
thomasucc 1 year ago
Comment removed
ERROLCUSTERFLYNN4EVR 2 years ago
this entire legislation is operating on an unconstitutional assumption, that congress has the authority and power to grant public funds to private companies. this is expressly forbidden in the constitution. I can't believe the supreme courts are completely silent on this issue? I know for a fact that countless law suits have been filed against these legislations.
we are a constitution representative republic I know, but we're also based on adam smith, who's against govt interference in trade
shakaama 2 years ago
We The People got to take this country back.
Fuck The Federal Reserve
apocolypse11 2 years ago 3
So far we have William Black and Elizabeth Warren who have spent some political capital ostensibly against the Wall Street/DC fraud.
What is Warren's next move? She can call for transparency, and there seems to be pressure to reveal who exactly is getting all this money from Fed and Treasury.
Is she allowed to do a media tour or something? Like the US Comptroller did two years ago?
CarryANation2 2 years ago 6
This woman or Sheila Bair should be the Treasury Secretary; but since they are not Wall St. insiders and not beholden to Obama's financial community campaign contributors, it wasn't going to happen nor will it ever.
Eliaures 2 years ago 6
To ginsley12 and other confused dolts below who think Warren "took their money" or is part & parcel of the Treasury team. True fact: Elizabeth Warren was pulled from the private sector last Fall to monitor and reort to taxpayers and Congress how Treasury was administering TARP. She is not part of the Treasury or Fed, idiots. She is trying to explain to taxpayers here what her oversight panel has found.
teabagging4jesus 2 years ago 5
Exactly. It's amazing how uninformed and out of touch with reality these "teabaggers" are.
Eliaures 2 years ago 3
Liz Warren = My Hero. Give 'em hell Liz! :)
WadeBlazingame34 2 years ago 11
I commend Warren for her ability to be civil. Her job is to oversee the Treasury, and yet she has been requesting the bailout plan from them for months. Every time that I have seen her, she has been composed but clearly frustrated. Fox Business ended up suing the Treasury to get the plan. I thought the "change" we were promised was supposed to include transparency, accountability and clarity?
tps125 2 years ago 4
This comment has received too many negative votes show
This video is full of nothing but paid fans.
ginsley12 2 years ago
ginsley12 I share your skepticism. Warrens first attempt at outreach to the taxpayers paying for this bailout was to try to blame poor people getting mortgages. She sounded like a Rush Limbaugh ditto-head.
I am pleasantly surprised she has started to tell the truth about the fraud at Goldman Sachs, JP Morgan, Citi, Bank of America and UBS. She now seems to be publicly mentioning the outright *fraud* these people were engaged in, like Black did on PBC recently.
Where is Volcker?
CarryANation 2 years ago 5
blaming poor people??? Elizabeth Warren?? I'd like you cite that please. I've been following her for the past 3 years and she is resolutely on the side of consumers (especially "the poor").
Aspetta17 2 years ago
This comment has received too many negative votes show
Warren, no matter how you wanna spin it, you owe the american taxpayers back all that money with interest. You had no right just taking it. And that's why you're seeing all these Tea Parties and you will more and more until you listen or them storm down the doors of washington and force you OUT! Got it yet? keep ignoring people and you will see trouble.
ginsley12 2 years ago
I wonder if Elizabeth know that the NWO bankers control America.
mrzack888 2 years ago
This comment has received too many negative votes show
Warren is just trying to baffle us with bullshit.
ginsley12 2 years ago
There are approximately 300 million people in the USA. One trillion dollars represents about $3,000 per citizen. Eliminate the non productive members of society (non taxpayers), one trillion is about $10,000 per. Do the math. The taxpayers are on the hook for bailouts, stimulus, pork, debt service etc. When the debt exceeds $10 trillion, our share will be over 6 figures. Inflation to the rescue?
mendelsohn88 2 years ago 3
This comment has received too many negative votes show
Thank her for what? How me and my children are going to pay for the mess the D's and R's created through the Fed? How about she suggest "the free market" with no gov't management figure out this mess? Instead she calls for more control. The bottom line is Warren is nothing more then a part of the problem and not the solution. I have to pay my bills sister, you want to let your campaign contributors off the hook. Nothing but a stupid woman here. A billion here a trillion there?
Patrickhenry23 2 years ago
People now think the banks and the government are covering up how bad the problem is, that neither the banks nor the government will give an honest assessment of the quality of the "assets" the banks are holding. I don't think throwing some money at the banks will restore confidence in them, and that means people won't put their money at what they perceive as risk, with the troubled banks.
4teepee 2 years ago 3
Comment removed
4teepee 2 years ago
Warren2012.
JasonWolfeYT 2 years ago
You have our 100% support! Nice to hear from sane people in the goverment.
dimahot 2 years ago
Comment removed
ActionPlan456 2 years ago 4
I've been a huge fan of Elizabeth's work for a while -- particularly her look at the obstacles that middle-class families face as homeowners. It's not really what she's talking about that is so impressive, but HOW she talks about it. Genuine and thoughtful and relevant. It's important for Americans to actually read these reports though.
git921 2 years ago 4
Go get 'em, E-War!
beerzie 2 years ago 4
Why can't we get her on all the cable shows and into a strong position in this administration. I saw her at CAP a couple of years ago and have touted her abilities ever since
danmac6 2 years ago 4
Great work!
Quality public service
EconStream 2 years ago 4
Thank you Elizabeth for doing these videos. Too bad they won't give you any power to actually DO something about the fraud and theft known as the "bailouts". At least we are starting to hear the actual from people such as yourself and others like William Black, Simon Johnson and William Greider.
BlueBlogsTV 2 years ago 6
ok we need to put her and volcker in charge of this baby!
justdo3043 2 years ago 6
Volcker sold out. He came out for the "Bad Bank" plan to force us to buy the toxic derivatives for full "mark to fantasy" price.
Why won't Volcker say something? He has the "gravitas" but he won't come out and say "fraud"? What good is he?
CarryANation 2 years ago 4
Professor Warren, You have been the sanest and more reassuring voice amid the recession. Why the President hasn't put you front and center is beyond me. Listening to Geitner makes me cringe. You inspire confidence. Please keep up the good fight!
jewpiterjones 2 years ago 7
I have chosen to believe Warren's interns are reading my comments, since I'm one of the few commenting.
Good for Warren that she made some press announcement about how she can't do oversight because those crooks Geithner and Summers are keeping everything secret.
So Warren, now the proper thing to do is to threaten to resign since they are preventing you from doing your job.
CarryANation 2 years ago 3