Yeah Elizabeth, markets need to be regulated. Back in 2008 you and 4 other people were appointed to a committee to oversee where the TARP money went. You guys were in charge of $700,000,000,000 all of which went to the big banks on wall street that you are so adamantly against. You have a net worth of over $14 million, your bailouts are the reason these CEOs can get massive bonuses and still be in business. Talk about being in the 1%, talk about being a champion of the little guy.
@Arcturistheballer She fought fruitlessly to make sure the public knew where every dollar went. There is videos of her candidly questioning where all the money is gone and who exactly received it. So she did oversee it, not regulate exactly who gets it. She was/is out there asking the questions.
@Econiodide She switched her position many times on making this information public or making it private. The bottom line is she was in charge of a committee designed to allocate $700 billion to banks on wall street, If she really believed in what she was talking about she would never be baling out those banks in the first place. That is the epitome of corruptible power. She wants to increase the power of the government so they can tell wall street what to do.
@Arcturistheballer She did not play any part in the allocation of the money to the banks. That was Paulson and Geithner who handled that. Elizabeth Warren was hired to come in after the bailout was done. Her job was to chair the congressional oversight committee on TARP. In other words, she investigated the actions of Geithner Paulson, the Fed and Treasury She found that there is 78 billion dollars missing (taxpayer dollars) Treasury has no idea where this money went. It went no strings attached
@marilynr46 She was one of five people on the tarp oversight committee appointed in 2008. She had an enormous amount of power on that committee. The fact that there is money missing and the ineffectiveness of the program speaks volumes to my point, shes cancerous to the nation.
@Arcturistheballer Elizabeth did not play any part in the allocation of funds. She investigated TARP and found that the banks got better treatment than the auto companies. Of the money that AIG received, she discovered that 13 billion of it secretly went out the back door to Goldman Sachs investors who were holding credit default swaps. And what's worse, what Paulson described as a "par transaction" or an "investment" on the part of the taxpayers, missed by about 78 billion dollars.
Even some of the Republican Candidates for President have been listening to Elizabeth Warren. Before he dropped out, Huntsman brought up the issue of the "too big to fail" banks in his last debate. Romney has mentioned it too. This is not a partisan issue. The question Elizabeth asks is this: "Why aren't the banks doing "banking"? And, If they are not doing "banking", then why are they taking taxpayer dollars?" She has a point.
She doesn't even know that our regulator (FED) is committing gambling and that's the cause of financial problems. There are no big too fail, let them bankrupt like any other business. Bad companies will be out of business. That's the greatest "regulation" of the market. We should legalize the regulation. It won't fix anything with band-aid on the consequences.
You can blame everything on regulations,,,... USA became rich and wealth prior to income tax,, prior to Glass-Steagall Act,, prior to Central Banking, prior to all welthfare programs,, prior to all regulations...
What Elizabeth is saying is WRONG.. What happened to limited government,, the constitution and liberty??? She is so Ignorant,, my gosh...
@bjarnet3 The USA became rich before regulations, but then everything went out of control. That's what caused the Great Depression. After the Great Depression, we put some basic regulations in place, and we had no major economic crises until after the 1980s (when we started to get rid of those regulations). Look at the mess we're in now because of deregulation.
@marilynr46 "but then everything went out of control. That's what caused the Great Depression." That is yet another common misconception about the free market. That the Free Market had failed due to it not being kept in check by uncle sam. But in fact it was the government it's self that caused and extended the great depression to last as long as it did.
There are rules in the free marked,, it is called bankruptcy. And by refusing to live by that rule,, the marked will bankrupt the whole country.
Central Economic Planning (FED),, and 0% interest rates is the reason why bubbles is created... You cannot keep interest rates at 0%,, that is by itself insanity... Even with Glasssteagle act people will do foolish things,, but more important,, NOBODY will save and everybody WILL CONSUME.
@bjarnet3 The US government was trying to "stimulate " the economy through lending money to people. They encouraged the banks and dropped interest rates. This was started by Greenspan, wasn't it. The real problem was THERE ARE NO JOBS. And now the bills have come due. They should have addressed the lack of jobs through regulation and laws against outsourcing. But the corporations fought this type of approach by hiring armies of lobbyists and making contributions to polittical campaigns.
@marilynr46 You cannot fight outsourcing by regulating things,, that is impossible,, because then you give US companies comparative disadvantages. And regulation by itself is a reason why companies goes abroad...
What you need to end is Central Economic Planning (the FED). Because it is monopoly on the creation on money and interest rates and that is both immoral and destructive. Greenspan is just a part of the problem,, but the source is the FED.
@bjarnet3 What do you mean you can't regulate outsourcing? Says who? Says You??. Corporations should be made to follow a set of rules. If corporations insist that they are "people", too, then they will have to follow some rules or laws like people do. Your average citizen must abide by a set of laws in society. Should corporations receive special treatment so they can engage in practices that destroy our economy? Your "corporatism" is beginning to fall out of favor. The people are fighting back.
@marilynr46 Just like the way Central Planners tried to plan,, control,, regulate people to prosperity,, it is impossible to successfully do that.
USA creates 200 000 new regulation every year,, and they all probably have good intentions,, but it is a cost to comply for all these kinds of regulations, and businesses cannot do ANYTHING,, they are in grid lock. Many businesses go bankrup while waitng for approval from FDA or other regulatory agencies.
@bjarnet3 I agree that regulation can be a pain in the neck but look where deregulation got us. Regulations are put in place not to intentionally hinder businesses that operate within the law They are put in place to protect consumers from the unscrupulous and the fraudsters. What would it be like to live in a lawless society? Would you trust that everyone would act ethically and respect the rights of others? Bernie Madoff is a good example He got away with his Ponzi sceme due to poor regulation
@bjarnet3 What Warren wants to do is to get rid of burdensome regulations that don't work and replace them with simple,clearer,more effective ones. Watch some of her other interviews. She wants to reinstate a Glass-Steagle type regulation to separate the investment banks from the community banks. So community banks will actually be engaging in banking (not gambling) Then they will be forced to make a profit by lending again (especially to small business owners or potential small business owners)
@marilynr46 regulations have never helped us to begin with
And she is a terrible person for understanding economics. Everyone should of listened to Milton Friedman in the 70's. Almost EVERYTHING he said happened and almost still goes on till this day. He is a man far wiser than this liberal twat. Taking out regulations and replacing them with more regulations does not change anytihng, There should not be any regulations on you building a home for yourself.
I respect her ability to speak and I envy that she is so well versed in finance but her ability to TEACH the listner and to break it down so simply this complex problem is the best I've ever seen. I wish she was my teacher for every class. I'll vote for her for ANY office.
Government regulation will always attract corporate lobbying and industry favoritism. Our financial industry, which is more heavily regulated than any other, reflects that. Sometimes, less is more.
OH MY GOD!!!! I thought elizabeth warren was ok until I saw this video. She's a fucking socialist..!!! Regulations..regulations..regulations.!! That's it..!! I have always wanted to give women their chance at proving themselves intelligent enough to be a positive force, but I"VE HAD IT!! Women lack the ability to lead because they are cowardly.
@GuyFawkes40 Yes, because offending half the country with an honest assessment of our economic situation is "cowardly." You've bought into a false dichotomy if you think that there's free markets on one end and socialism on the other, with nothing in between.
Except that it's socialism and big government which created the crisis we're in in the first place. If you want to see what caused the housing bubble, look no further than government money pumped into the housing market and regulation forcing banks to give out loans to those who couldn't afford to pay them back.
Community Reinvestment Act, Federal Housing Enterprises Financial Safety and Soundness Act, Community Development Financial Institutions Fund, all the information is out there.
@GuyFawkes40 You must be trolling. The bulk of this clip is a reasoned assessment of market behavior. She's not pounding upon the desk saying regulation, regulation, regulation! She's saying we've tried regulation in the past. It worked. It stabilized the economy. Then as soon as we started reducing it, market instability started to increase. And what's worse is that the investors and speculators took everyone down with them. Listen to it again.
Her assessment of economic behavior makes it seem like the US was becoming most prosperous post-WW2, when in reality the wealth increased the fastest in the late 1800s and early 1900s, of course there were market crashes but were always result of states giving charters to banks to let them print money. Easy credit is the cause of the business cycle, not lack of regulations.
@Kiarip Sorry, she's right. You are wrong. She's brighter than you (you're obviously a paid troll). Go post something positive on Scott Brown's sites. He really needs your help.
@GuyFawkes40 Funny, while listening to Elizabeth Warren speak and then reading your comment, I wonder if you don't have your genders mixed up in that assessment.
I have no issue with regulation, but I feel that regulation leads to socialism. And as soon as socialism sets in, we can say goodbye to our quality of life.
As for people putting down the president... perhaps you should go back to your elementary school social studies books. He's not a king; he can't just make laws. He has two other branches he has to answer to, and when all those branches do is bicker, it's utterly impossible for him to get anything done.
@m0j0b0ne Actually, that is not really the case. The market is what feeds us. Look at all the famines and food shortages throughout history. There was never a lack of agriculture. But there was always an overabundance of stupid and harmful government economic policy.
Elizabeth Warren, what an ignorant tool. The 15-20 year business cycle in pre-20th-century economies was no mystery. It was a pre-industrial society, where over 90% of the economy was based on.. .agriculture. What happens every 15-20 years or so? Solar cycles. The economy fluctuated in near lock-step with natural cycles of agricultural production. This is very well understood, and shouldn't even be controversial.
Any grown adult who still believes in socialism should be banned from politics.
@loki49152 Just...no. And how is her position socialist? You should be cheering for her, she's making sure your money isn't be abused by the 'too big to fail' companies. If we're bailing them, then they should be regulated. Its absurd to think they can get billions in taxpayer money and not be regulated. Hardly socialist, just logical.
If we have antitrust laws that prevent so called natural monopolies from forming then why do we have too big to fail companies? Aren’t the antitrust laws there to prevent too big to fails from forming in the first place? Isn’t the government in charge of antitrust? So her solution is to promote and give more power to the very same people that helped caused the problem. And if it fails we just give them even more power. Good idea, what could possibly go wrong?
@studentofmises Apparently it's too much to ask of the so-called journalist to remind her that the latest economic crisis occurred in a highly regulated -- not laissez-faire -- market. I never saw the rest of this interview (I'm assuming this is an excerpt) but I doubt the issue of the FDIC creating a moral-hazard was ever mentioned. You are correct about regulation begetting regulation. The Statists constantly blame the capiltalist strawman, while never looking into the regulatory mirror.
She needs to read up and learn about what happened in 1792. Government causes the problems and fixes them by making them worse. Anyone who supports her, Obama or any other of the politicians deserves what they get.
@slatchem2016 I'm sure she knows more about all of the recessions and market scares than you. I agree in many ways government tends to make things worse. People like Obama DON'T EVEN LIKE HER. Obama didn't stick up for her barely when the republicans refused to even vote to confirm her and then an Obama insider was caught saying that they didn't like her either. Obama is another fraud. She just wants some simple rules to prevent a huge economical collapse again. Wallstreet needs to be watched
@slatchem2016 Well surely you'll agree that doesn't mean there's none out there. It's not uncommon for Obama to publicly be for something in this case Warren and behind the scenes be against them. Prime example. The public option during the health care debate. While publicly campaigning for it after having already struck a deal with insurance companies to kill it.
@slatchem2016 If they're profits are going to be guaranteed by the taxpayer. They shouldn't be allowed to do OTC derivatives trading and credit default swaps in the first place. They don't provide any service or create any jobs. They just a race to see how much money you can make on something before it all comes crashing down and we know what happens when it all comes crashing down Washington rescues to most powerful of all the banks while letting many smaller ones fail.
Elizabeth Warren is absolutely right: We need to ensure we have proper rules in place so as to prevent the high stakes rollers on Wall Street from gambling away the nation's wealth yet again! The Dodd–Frank Wall Street Reform and Consumer Protection Act, which became federal law last year, goes a long way toward doing that. We need more people in the U.S. Senate like Elizabeth Warren to prevent the Republicans from repealing that much needed reform!
Apparently some on this site LUV the boom, bust cycle we've been in for the last 30 years. With regulation comes stability of the economy. Free market mavens believe in an ideology that failed in 1929.
I'd take her over President Obama any day! I'm sure she'd have the guts to follow through with the will of the people rather than be in bed with corporations.
@takadi why then takdi, didn't you say anymore to prove her wrong? the language you choose just solidifies the fact of two things: one, you are a chauvinist pig. two, you are pissed she is right.
why don't you inform us all as to why she is wrong? anyone can call anyone names, as i just demonstrated. by the way, i'm sure you had to google chauvinist and pig to see what they meant. back up those words of yours and prove her wrong....i triple dog dare you!
@takadi Yea the dumb cunt needs to take a course in economics considering she was a harvard professor and knows more about wallstreet than you can dream of.
I'm glad you agree that she's a dumb cunt. The fact that she's from Harvard pretty much explains it all. Saying she's qualified in economics because she's from that liberal shithole is saying that anyone from MIT would be automatically qualified in English lit.
@takadi Yea I'm sure you know much much more about economics. What's your career again? (here comes the bullshit response from the anonymous troll...)
Stupid Women....markets ARE already regulated by the people within them...and to a far greater micro degree than Government can ever manage. Before Government can even get a handle on whats happening the market has already shifted money and resources away from failing enterprises that more stable and innovative projects. Markets that are really free don't have booms and busts....only state regulated ones do that. Fail Ms Warren...
@Riellysdad Here's a regulation. Ban derivatives trading and credit default swaps. They provide nothing. They're just a big game with theoretical money to make banks large sums of money based on high risk. High risk that they don't really have because our government will bail them out every time.
Stupid Women....markets ARE already regulated by the people within them...and to a far greater micro degree than Government can ever manage. before Government can even get a handle on whats happening the market has already shifted money and resources away from failing enterprises that more stable and innovative projects. Markets that are really free don't have booms and busts....only state regulated ones do that. Fail Ms Warren...
people count on corporations to have a heart. Newsflash; ITS ALL ABOUT THE BENJAMINS. If grinding up grandma for burgers would make a buck, bye bye grandma!!
Uhh replace "corporations" with gov't and it would be much more accurate, since gov't pretty much has the legal authority to "grind" people up via bombs and bullets and make a pretty penny out of it.
@takadi how about use both. Big money owns our government. They're one in the same. The reason why Democrats and Republicans both agree that throwing billions in dollars of tax money at people who fucked our economy up is A Okay.
I can agree with that. But the only reason why they have an incentive to own any part of our government in the first place is so they can have a piece of the enormous pie the gov't has collected. You shrink the gov't and therefore reduce the incentive. That's why the 10th amendment is so important
@takadi Their incentive for owning the government doesn't rely solely on the government being big. It can rely on simple things like making sure that the government doesn't regulate them, something people who want to shrink the government think is the first things to start with. Regulation, yes, can be overkill in many situations but in many situations we need regulation. We could cut all sorts of government functions and the rich and powerful would still own our government.
The rich and powerful are obviously NOT ruling considering the state of the euro, the dollar, and stock markets abroad. The financial system was about to collapse and bring an end to all the madness but guess who bailed them out? The EU/Germany is also taking steps to bail out banks. Game theory points to the fact that cheating and swindling is unsustainable in the long run and we can see that in plain sight.
The only way to distort that is to take away people's ability to retaliate, and you can only do that through force of gov't. When you pile more regulation on, it just gives even more of an upper hand to these predatory special interests. But even that is unsustainable, as we can see in the state of the dollar today and the massive US debt. Of course, when you can just invade other countries, steal as much wealth from your own people as well as others, that doesn't become an issue
@ufjazzman97 Yea, Owebummer had the same "fire" :) but that was before he became the World's newest despot with a pissed off wife to go along with all the vacations, parties, flights on Air Force Fun. Could you please post where the guy calls her a "Socialist Whore"? thanks.
@adfowlkes71 We've already been there, as a country. What it led too was millions of people keeping their money under a mattress. Is that the way to build a healthy economy?
More market regulations? The 1977 Fair Housing Act did a good job in causing the current mess in the housing market. Elizabeth should be concern about regulating our Government who no longer follows the Constitution.
@Mike10four Regulating our government? You know what really did the biggest job of fucking us over. Over the counter Derivatives trading and Credit Default Swaps. It provides nothing to the economy. It just makes people rich and encourages them to take extraordinary risks to make that money. And after years of making that money when all those risks collapsed what happened? we bailed them out. Yea the government SUCKS but the government is also bought off by Big banks and corporations, both suck.
@politico92 “Extraordinary risks?” All games, investments, and life have risks! There are losers and winners. We did not “bailed them out,” our government (gov) did with our money! Where in our Constitution does it say our gov can bail losers out, buy banks and corporations? The purpose of our Constitution is to regulate our gov! The way our gov is acting clearly suggests it no longer follows the Constitution. That’s the problem! Read the 1977 Community Reinvestment Act and learn!
@Mike10four This investements and risks have no point. They don't create anything. They don't create jobs, They do nothing. All it was was a ticking time bomb that invariably blew up. Yes "we" essentially did thanks to our government because our government is owned by them. I just don't get where the disconnect from that is with you people. You just say gov gov gov without paying any attention to the root of the problem which is the money that owns our government. They're not "for the people"
@politico92 Who are you to say anything about investments of others? You need to be concern about your own investments. As for our government, please read our Declaration of Independence and Constitution. After reading those two documents you will understand the root cause of your nemesis.
@Mike10four Lots of these shady deals lost many americans their pensions and other things. The investments are just shit, and they know it. It's not real money. It's highly theoretical money. It was bound to fail eventually and it did. Investments that are BOUND to fail and taking shitty junk bonds and passing them off ass triple A's with shady tricks shouldn't be allowed. You're a broken record and sadly people like you with your failure to look at the big picture is only helping the problem
@politico92 One who relies on a pension is one who was educated by a gov school system where education about: money, gov, and morality is null. Your comments and your language is a clear indication that you were educated by a gov school system. The “big picture” is, who controls the information of the past controls the future; who controls the present controls the past. Our social cancer is a function of gov education. In our Constitution the gov is not to control education!
I couldn't agree more. If people do some research, there is a clear correlation between the induction of the department of education and the decline of educational standards. Not to mention some of the most over-funded schools with olympic size swimming pools and state of the art gyms have some of the WORST drop out rates and test scores in the country.
@Mike10four I've learned nothing from my political philosophy from my public education. That being said fuck you, you "elitist" bastard. Not everyone can afford to go to a private school. My beliefs come from books and articles. If there's anyone who wants to keep this country stupid it's the rich and powerful. Texas of all states is one with some of the most influence when it comes to things like text books and curriculum. You're clearly just another conservative asshole with no sympathy for
@Mike10four others. I never said anything about relying on a pension but you think instead of being angry at Wall street for essentially stealing these peoples pensions the appropriate response is to mock them? I'm sooo happy for you that you were able to get a private education and that you don't have to worry about relying on a pension. Good for you, I find it laughable that you would mention morality though considering yours seems to be null.
@politico92 You know nothing about me! I too viewed the world from the indoctrination of the many gov schools and universities I attended that skewed my vantage point on everything. I met one who was well versed in our country’s founding who changed my life. We argued about many concepts, but his logic was impeccable. Once I challenged him for the proof of Jefferson’s claim about our Rights being part of the Laws of Nature. Years later I discovered the proof, see my channel video.
1000s of small companies lending money to homebuyers, and banks bought these mortgages and sold then to Fannie Mae and Freddy Mac which are owned by the federal government, etc...........hmmmmmmmm LOOS LIKE THE USA GOVERNMENT IS TO BLAME FOR THIS MESS!
@madmanatsea Fannie Mae and Freedy Mac are undeniably at fault as well as AIG Goldman Sachs Merill Lynch etc etc etc. Goldman Sachs being the worst of them all (of the private ones at least) guessing your a conservative. Tell me why do conservatives refuse to see the WHOLE problem and just focus on the government aspect? The government is owned by banks like Goldman Sachs, the problem is one in the same.
This comment has received too many negative votesshow
Why doesn't she say Big Banks? I think Miss Havard got some facts wrong about the 1930's. She is for more regulation. How about breaking up the Banking and Insurance Monopolies.
@tjfgermany58123 How does one break up monopolies without regulation? She was trying to change the culture of Washington in increments, and it didn't work. Now she's running for senate, and will hopefully have more of an effect.
The Senate is already populated by approx. 53 Socialist/Liberal's. We don't need anymore. Owebummer has kept just about every foreign policy that Bush did. Only now, the Liberal press are with him ALL IS WELL. Obama knew that being a Senator cannot have that big of an effect, that's why he's the President. Hey Clowny, try this one on for size. I do not even think Obama is going to let us vote in 2012. He's going to call some sort of "emergency" and put it off for "six months". Bet?
@btwall60 I will bet you a million internet points that there will be a presidential election in 2012. And if you think that corporate owned, spineless dems, like Chuck Schumer and Harry Reid are "socialists," you're cracked.
Yeah Elizabeth, markets need to be regulated. Back in 2008 you and 4 other people were appointed to a committee to oversee where the TARP money went. You guys were in charge of $700,000,000,000 all of which went to the big banks on wall street that you are so adamantly against. You have a net worth of over $14 million, your bailouts are the reason these CEOs can get massive bonuses and still be in business. Talk about being in the 1%, talk about being a champion of the little guy.
Arcturistheballer 1 month ago
@Arcturistheballer She fought fruitlessly to make sure the public knew where every dollar went. There is videos of her candidly questioning where all the money is gone and who exactly received it. So she did oversee it, not regulate exactly who gets it. She was/is out there asking the questions.
Econiodide 1 month ago
@Econiodide She switched her position many times on making this information public or making it private. The bottom line is she was in charge of a committee designed to allocate $700 billion to banks on wall street, If she really believed in what she was talking about she would never be baling out those banks in the first place. That is the epitome of corruptible power. She wants to increase the power of the government so they can tell wall street what to do.
Arcturistheballer 1 month ago
@Arcturistheballer She did not play any part in the allocation of the money to the banks. That was Paulson and Geithner who handled that. Elizabeth Warren was hired to come in after the bailout was done. Her job was to chair the congressional oversight committee on TARP. In other words, she investigated the actions of Geithner Paulson, the Fed and Treasury She found that there is 78 billion dollars missing (taxpayer dollars) Treasury has no idea where this money went. It went no strings attached
marilynr46 3 weeks ago
@marilynr46 She was one of five people on the tarp oversight committee appointed in 2008. She had an enormous amount of power on that committee. The fact that there is money missing and the ineffectiveness of the program speaks volumes to my point, shes cancerous to the nation.
Arcturistheballer 3 weeks ago
@Arcturistheballer Elizabeth did not play any part in the allocation of funds. She investigated TARP and found that the banks got better treatment than the auto companies. Of the money that AIG received, she discovered that 13 billion of it secretly went out the back door to Goldman Sachs investors who were holding credit default swaps. And what's worse, what Paulson described as a "par transaction" or an "investment" on the part of the taxpayers, missed by about 78 billion dollars.
marilynr46 3 weeks ago
@Arcturistheballer Watch the Tube Video ELIZABETH WARREN MAKES TIMMY GEITHNER SQUIRM OVER AIG AND GOLDMAN SACHS BAILOUTS.
marilynr46 3 weeks ago
Even some of the Republican Candidates for President have been listening to Elizabeth Warren. Before he dropped out, Huntsman brought up the issue of the "too big to fail" banks in his last debate. Romney has mentioned it too. This is not a partisan issue. The question Elizabeth asks is this: "Why aren't the banks doing "banking"? And, If they are not doing "banking", then why are they taking taxpayer dollars?" She has a point.
marilynr46 1 month ago
@marilynr46 I agree. Re-instating Glass-Steagal, which was repealed under, Clinton, wold be a step in the right direction.
zyxek 1 month ago
@zyxek a step in the right direction would be to stop manipulating interest rates
Kiarip 3 weeks ago
ELIZABETH WARREN for President.
MirHafez 1 month ago
Anyone who thinks Warren is a socialist, doesn't understand what socialism actually is.
wotmot223 1 month ago
@wotmot223 - It almost makes me wish she WAS a socialist, just so they'd have some to really cry about.
jbeach2323 1 month ago
Only an idiot who votes against his own self-interest could look at what she just said and disagree.
GuyFawkes, I know I shouldn't feed the troll, but please: Kill yourself.
eboydowen 2 months ago
"EVERY GAME HAS RULES".
CesarManiaX 3 months ago 3
She doesn't even know that our regulator (FED) is committing gambling and that's the cause of financial problems. There are no big too fail, let them bankrupt like any other business. Bad companies will be out of business. That's the greatest "regulation" of the market. We should legalize the regulation. It won't fix anything with band-aid on the consequences.
ken16310 3 months ago
You can blame everything on regulations,,,... USA became rich and wealth prior to income tax,, prior to Glass-Steagall Act,, prior to Central Banking, prior to all welthfare programs,, prior to all regulations...
What Elizabeth is saying is WRONG.. What happened to limited government,, the constitution and liberty??? She is so Ignorant,, my gosh...
bjarnet3 3 months ago
@bjarnet3 The USA became rich before regulations, but then everything went out of control. That's what caused the Great Depression. After the Great Depression, we put some basic regulations in place, and we had no major economic crises until after the 1980s (when we started to get rid of those regulations). Look at the mess we're in now because of deregulation.
marilynr46 2 months ago
@marilynr46 "but then everything went out of control. That's what caused the Great Depression." That is yet another common misconception about the free market. That the Free Market had failed due to it not being kept in check by uncle sam. But in fact it was the government it's self that caused and extended the great depression to last as long as it did.
tehatemachine 1 month ago
There are rules in the free marked,, it is called bankruptcy. And by refusing to live by that rule,, the marked will bankrupt the whole country.
Central Economic Planning (FED),, and 0% interest rates is the reason why bubbles is created... You cannot keep interest rates at 0%,, that is by itself insanity... Even with Glasssteagle act people will do foolish things,, but more important,, NOBODY will save and everybody WILL CONSUME.
bjarnet3 3 months ago
@bjarnet3 The US government was trying to "stimulate " the economy through lending money to people. They encouraged the banks and dropped interest rates. This was started by Greenspan, wasn't it. The real problem was THERE ARE NO JOBS. And now the bills have come due. They should have addressed the lack of jobs through regulation and laws against outsourcing. But the corporations fought this type of approach by hiring armies of lobbyists and making contributions to polittical campaigns.
marilynr46 3 months ago
@marilynr46 You cannot fight outsourcing by regulating things,, that is impossible,, because then you give US companies comparative disadvantages. And regulation by itself is a reason why companies goes abroad...
What you need to end is Central Economic Planning (the FED). Because it is monopoly on the creation on money and interest rates and that is both immoral and destructive. Greenspan is just a part of the problem,, but the source is the FED.
bjarnet3 3 months ago
@bjarnet3 What do you mean you can't regulate outsourcing? Says who? Says You??. Corporations should be made to follow a set of rules. If corporations insist that they are "people", too, then they will have to follow some rules or laws like people do. Your average citizen must abide by a set of laws in society. Should corporations receive special treatment so they can engage in practices that destroy our economy? Your "corporatism" is beginning to fall out of favor. The people are fighting back.
marilynr46 3 months ago
@marilynr46 Just like the way Central Planners tried to plan,, control,, regulate people to prosperity,, it is impossible to successfully do that.
USA creates 200 000 new regulation every year,, and they all probably have good intentions,, but it is a cost to comply for all these kinds of regulations, and businesses cannot do ANYTHING,, they are in grid lock. Many businesses go bankrup while waitng for approval from FDA or other regulatory agencies.
This big government system will end badley.
bjarnet3 3 months ago
@bjarnet3 I agree that regulation can be a pain in the neck but look where deregulation got us. Regulations are put in place not to intentionally hinder businesses that operate within the law They are put in place to protect consumers from the unscrupulous and the fraudsters. What would it be like to live in a lawless society? Would you trust that everyone would act ethically and respect the rights of others? Bernie Madoff is a good example He got away with his Ponzi sceme due to poor regulation
marilynr46 3 months ago 2
@bjarnet3 What Warren wants to do is to get rid of burdensome regulations that don't work and replace them with simple,clearer,more effective ones. Watch some of her other interviews. She wants to reinstate a Glass-Steagle type regulation to separate the investment banks from the community banks. So community banks will actually be engaging in banking (not gambling) Then they will be forced to make a profit by lending again (especially to small business owners or potential small business owners)
marilynr46 2 months ago
@marilynr46 regulations have never helped us to begin with
And she is a terrible person for understanding economics. Everyone should of listened to Milton Friedman in the 70's. Almost EVERYTHING he said happened and almost still goes on till this day. He is a man far wiser than this liberal twat. Taking out regulations and replacing them with more regulations does not change anytihng, There should not be any regulations on you building a home for yourself.
tehatemachine 1 month ago
I respect her ability to speak and I envy that she is so well versed in finance but her ability to TEACH the listner and to break it down so simply this complex problem is the best I've ever seen. I wish she was my teacher for every class. I'll vote for her for ANY office.
VirginiaTagz 3 months ago
Government regulation will always attract corporate lobbying and industry favoritism. Our financial industry, which is more heavily regulated than any other, reflects that. Sometimes, less is more.
rnecas 3 months ago
If its Brown, flush it down!
timfmr 3 months ago
@Aslaier Second paragraph, well said.
blinkonekatietwo 3 months ago
If only Barack could say this, man. Elizabeth Warren for Senate 2012.
rockyrigby 3 months ago
Elizabeth you are an amazing person!
alejandromodel 3 months ago
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OH MY GOD!!!! I thought elizabeth warren was ok until I saw this video. She's a fucking socialist..!!! Regulations..regulations..regulations.!! That's it..!! I have always wanted to give women their chance at proving themselves intelligent enough to be a positive force, but I"VE HAD IT!! Women lack the ability to lead because they are cowardly.
GuyFawkes40 3 months ago
@GuyFawkes40 Yes, because offending half the country with an honest assessment of our economic situation is "cowardly." You've bought into a false dichotomy if you think that there's free markets on one end and socialism on the other, with nothing in between.
zyxek 3 months ago 31
@zyxek
I wonder if guyfakes found Margaret Thatcher to be Cowardly?
ivlfounder 3 months ago
@zyxek
Except that it's socialism and big government which created the crisis we're in in the first place. If you want to see what caused the housing bubble, look no further than government money pumped into the housing market and regulation forcing banks to give out loans to those who couldn't afford to pay them back.
s9z9s 1 week ago
@s9z9s [citation needed]
zyxek 1 week ago
@zyxek
Community Reinvestment Act, Federal Housing Enterprises Financial Safety and Soundness Act, Community Development Financial Institutions Fund, all the information is out there.
s9z9s 1 week ago
@GuyFawkes40 You must be trolling. The bulk of this clip is a reasoned assessment of market behavior. She's not pounding upon the desk saying regulation, regulation, regulation! She's saying we've tried regulation in the past. It worked. It stabilized the economy. Then as soon as we started reducing it, market instability started to increase. And what's worse is that the investors and speculators took everyone down with them. Listen to it again.
satyricon451 3 months ago 18
@satyricon451 Actually she's completely wrong.
Her assessment of economic behavior makes it seem like the US was becoming most prosperous post-WW2, when in reality the wealth increased the fastest in the late 1800s and early 1900s, of course there were market crashes but were always result of states giving charters to banks to let them print money. Easy credit is the cause of the business cycle, not lack of regulations.
Kiarip 3 weeks ago
@Kiarip Sorry, she's right. You are wrong. She's brighter than you (you're obviously a paid troll). Go post something positive on Scott Brown's sites. He really needs your help.
marilynr46 3 weeks ago
@GuyFawkes40 Funny, while listening to Elizabeth Warren speak and then reading your comment, I wonder if you don't have your genders mixed up in that assessment.
BadLuck765 3 months ago
@GuyFawkes40 Even if she were socialist, so what? Why is that so scary to right wingers? troll is trolling
zardoz73 3 months ago
@GuyFawkes40 Withouth regulation, we would have monopolies, another ENRON.
CesarManiaX 3 months ago
I have no issue with regulation, but I feel that regulation leads to socialism. And as soon as socialism sets in, we can say goodbye to our quality of life.
As for people putting down the president... perhaps you should go back to your elementary school social studies books. He's not a king; he can't just make laws. He has two other branches he has to answer to, and when all those branches do is bicker, it's utterly impossible for him to get anything done.
Azlaier 4 months ago
The president never had "that fire". He's just a good actor. :)
strangersound 4 months ago
This imbecile conveniently skipped the 1970s and the orgy of regulation brought to us by Nixon and Carter.
jkovert 4 months ago
Can't find anything wring with her rationale. Responsible capitalism. Not irresponsible capitalism. In the business world 'trust me' is a trap.
tigerssixty 4 months ago
sorry; boom-and-bust continued after the Industrial Revolution, and news flash, agriculture is still what feeds us.
m0j0b0ne 4 months ago
@m0j0b0ne Actually, that is not really the case. The market is what feeds us. Look at all the famines and food shortages throughout history. There was never a lack of agriculture. But there was always an overabundance of stupid and harmful government economic policy.
jkovert 4 months ago
Elizabeth Warren, what an ignorant tool. The 15-20 year business cycle in pre-20th-century economies was no mystery. It was a pre-industrial society, where over 90% of the economy was based on.. .agriculture. What happens every 15-20 years or so? Solar cycles. The economy fluctuated in near lock-step with natural cycles of agricultural production. This is very well understood, and shouldn't even be controversial.
Any grown adult who still believes in socialism should be banned from politics.
loki49152 4 months ago
@loki49152 Just...no. And how is her position socialist? You should be cheering for her, she's making sure your money isn't be abused by the 'too big to fail' companies. If we're bailing them, then they should be regulated. Its absurd to think they can get billions in taxpayer money and not be regulated. Hardly socialist, just logical.
emaul90 4 months ago
If we have antitrust laws that prevent so called natural monopolies from forming then why do we have too big to fail companies? Aren’t the antitrust laws there to prevent too big to fails from forming in the first place? Isn’t the government in charge of antitrust? So her solution is to promote and give more power to the very same people that helped caused the problem. And if it fails we just give them even more power. Good idea, what could possibly go wrong?
studentofmises 4 months ago
@studentofmises Apparently it's too much to ask of the so-called journalist to remind her that the latest economic crisis occurred in a highly regulated -- not laissez-faire -- market. I never saw the rest of this interview (I'm assuming this is an excerpt) but I doubt the issue of the FDIC creating a moral-hazard was ever mentioned. You are correct about regulation begetting regulation. The Statists constantly blame the capiltalist strawman, while never looking into the regulatory mirror.
extravamaenza 4 months ago
First off- she misrepresents what happened in 1792. It appears the government is what caused the panic.
Second-she says that there were no bank failures for 50years after the Great Depression, and there were numerous bank failures
slatchem2016 4 months ago
She needs to read up and learn about what happened in 1792. Government causes the problems and fixes them by making them worse. Anyone who supports her, Obama or any other of the politicians deserves what they get.
slatchem2016 4 months ago
@slatchem2016 brainwashed?
stepididntsee 4 months ago
@stepididntsee You're brainwashed?
slatchem2016 4 months ago
@slatchem2016 I'm sure she knows more about all of the recessions and market scares than you. I agree in many ways government tends to make things worse. People like Obama DON'T EVEN LIKE HER. Obama didn't stick up for her barely when the republicans refused to even vote to confirm her and then an Obama insider was caught saying that they didn't like her either. Obama is another fraud. She just wants some simple rules to prevent a huge economical collapse again. Wallstreet needs to be watched
politico92 4 months ago
@politico92 I've seen no evidence of that.
slatchem2016 4 months ago
@slatchem2016 Well surely you'll agree that doesn't mean there's none out there. It's not uncommon for Obama to publicly be for something in this case Warren and behind the scenes be against them. Prime example. The public option during the health care debate. While publicly campaigning for it after having already struck a deal with insurance companies to kill it.
politico92 4 months ago
@slatchem2016 If they're profits are going to be guaranteed by the taxpayer. They shouldn't be allowed to do OTC derivatives trading and credit default swaps in the first place. They don't provide any service or create any jobs. They just a race to see how much money you can make on something before it all comes crashing down and we know what happens when it all comes crashing down Washington rescues to most powerful of all the banks while letting many smaller ones fail.
politico92 4 months ago
Elizabeth Warren is absolutely right: We need to ensure we have proper rules in place so as to prevent the high stakes rollers on Wall Street from gambling away the nation's wealth yet again! The Dodd–Frank Wall Street Reform and Consumer Protection Act, which became federal law last year, goes a long way toward doing that. We need more people in the U.S. Senate like Elizabeth Warren to prevent the Republicans from repealing that much needed reform!
liberalaggie 4 months ago
Apparently some on this site LUV the boom, bust cycle we've been in for the last 30 years. With regulation comes stability of the economy. Free market mavens believe in an ideology that failed in 1929.
GordonHilgers 4 months ago
Elizabeth Warren fro PRESIDENT
Foulkes66 4 months ago
I'd take her over President Obama any day! I'm sure she'd have the guts to follow through with the will of the people rather than be in bed with corporations.
SRAANG01 4 months ago
not over-regulated, that is what is wrong with our economy today.
1Makyo 4 months ago
This dumb cunt needs to take a basic course in micro economics and stop rubbing her clit with a Keynes textbook every night
takadi 4 months ago
Comment removed
GodsReligionChannel 4 months ago
@takadi why then takdi, didn't you say anymore to prove her wrong? the language you choose just solidifies the fact of two things: one, you are a chauvinist pig. two, you are pissed she is right.
why don't you inform us all as to why she is wrong? anyone can call anyone names, as i just demonstrated. by the way, i'm sure you had to google chauvinist and pig to see what they meant. back up those words of yours and prove her wrong....i triple dog dare you!
andy5280 4 months ago
@andy5280 I think misogynist is more accurate. He seems to genuinely loathe the fact that she's a woman at an anatomical level.
zyxek 4 months ago
@takadi Yea the dumb cunt needs to take a course in economics considering she was a harvard professor and knows more about wallstreet than you can dream of.
politico92 4 months ago
@politico92
I'm glad you agree that she's a dumb cunt. The fact that she's from Harvard pretty much explains it all. Saying she's qualified in economics because she's from that liberal shithole is saying that anyone from MIT would be automatically qualified in English lit.
takadi 4 months ago
@takadi Yea I'm sure you know much much more about economics. What's your career again? (here comes the bullshit response from the anonymous troll...)
politico92 4 months ago
Stupid Women....markets ARE already regulated by the people within them...and to a far greater micro degree than Government can ever manage. Before Government can even get a handle on whats happening the market has already shifted money and resources away from failing enterprises that more stable and innovative projects. Markets that are really free don't have booms and busts....only state regulated ones do that. Fail Ms Warren...
Riellysdad 4 months ago
@Riellysdad Here's a regulation. Ban derivatives trading and credit default swaps. They provide nothing. They're just a big game with theoretical money to make banks large sums of money based on high risk. High risk that they don't really have because our government will bail them out every time.
politico92 4 months ago
Stupid Women....markets ARE already regulated by the people within them...and to a far greater micro degree than Government can ever manage. before Government can even get a handle on whats happening the market has already shifted money and resources away from failing enterprises that more stable and innovative projects. Markets that are really free don't have booms and busts....only state regulated ones do that. Fail Ms Warren...
Riellysdad 4 months ago
people count on corporations to have a heart. Newsflash; ITS ALL ABOUT THE BENJAMINS. If grinding up grandma for burgers would make a buck, bye bye grandma!!
bf526 4 months ago
@bf526
Uhh replace "corporations" with gov't and it would be much more accurate, since gov't pretty much has the legal authority to "grind" people up via bombs and bullets and make a pretty penny out of it.
takadi 4 months ago
@takadi how about use both. Big money owns our government. They're one in the same. The reason why Democrats and Republicans both agree that throwing billions in dollars of tax money at people who fucked our economy up is A Okay.
politico92 4 months ago
@politico92
I can agree with that. But the only reason why they have an incentive to own any part of our government in the first place is so they can have a piece of the enormous pie the gov't has collected. You shrink the gov't and therefore reduce the incentive. That's why the 10th amendment is so important
takadi 4 months ago
@takadi Their incentive for owning the government doesn't rely solely on the government being big. It can rely on simple things like making sure that the government doesn't regulate them, something people who want to shrink the government think is the first things to start with. Regulation, yes, can be overkill in many situations but in many situations we need regulation. We could cut all sorts of government functions and the rich and powerful would still own our government.
politico92 4 months ago
@politico92
The rich and powerful are obviously NOT ruling considering the state of the euro, the dollar, and stock markets abroad. The financial system was about to collapse and bring an end to all the madness but guess who bailed them out? The EU/Germany is also taking steps to bail out banks. Game theory points to the fact that cheating and swindling is unsustainable in the long run and we can see that in plain sight.
takadi 4 months ago
The only way to distort that is to take away people's ability to retaliate, and you can only do that through force of gov't. When you pile more regulation on, it just gives even more of an upper hand to these predatory special interests. But even that is unsustainable, as we can see in the state of the dollar today and the massive US debt. Of course, when you can just invade other countries, steal as much wealth from your own people as well as others, that doesn't become an issue
takadi 4 months ago
@takadi
slatchem2016 4 months ago
What an inspiration. President Obama, take a page from her book. You once had this same fire.
ufjazzman97 5 months ago 33
@ufjazzman97 Yea, Owebummer had the same "fire" :) but that was before he became the World's newest despot with a pissed off wife to go along with all the vacations, parties, flights on Air Force Fun. Could you please post where the guy calls her a "Socialist Whore"? thanks.
btwall60 3 months ago
Sweet baby Jesus do I like this woman.
RazackTheBuilder 5 months ago 6
A bank to put your money in is not another entitlement... You have the same risks as other investments.
adfowlkes71 5 months ago
@adfowlkes71 We've already been there, as a country. What it led too was millions of people keeping their money under a mattress. Is that the way to build a healthy economy?
Seasass 5 months ago
Oops. I meant "led to" (I don't care about prepositions at the end, but spelling errors are a no-no).
Seasass 5 months ago
I'd vote for this woman for president without a second's hesitation.
Filby 5 months ago
More market regulations? The 1977 Fair Housing Act did a good job in causing the current mess in the housing market. Elizabeth should be concern about regulating our Government who no longer follows the Constitution.
Mike10four 5 months ago
@Mike10four Regulating our government? You know what really did the biggest job of fucking us over. Over the counter Derivatives trading and Credit Default Swaps. It provides nothing to the economy. It just makes people rich and encourages them to take extraordinary risks to make that money. And after years of making that money when all those risks collapsed what happened? we bailed them out. Yea the government SUCKS but the government is also bought off by Big banks and corporations, both suck.
politico92 4 months ago
@politico92 “Extraordinary risks?” All games, investments, and life have risks! There are losers and winners. We did not “bailed them out,” our government (gov) did with our money! Where in our Constitution does it say our gov can bail losers out, buy banks and corporations? The purpose of our Constitution is to regulate our gov! The way our gov is acting clearly suggests it no longer follows the Constitution. That’s the problem! Read the 1977 Community Reinvestment Act and learn!
Mike10four 4 months ago
@Mike10four propaganda? you should work on propaganda.
stepididntsee 4 months ago
@Mike10four This investements and risks have no point. They don't create anything. They don't create jobs, They do nothing. All it was was a ticking time bomb that invariably blew up. Yes "we" essentially did thanks to our government because our government is owned by them. I just don't get where the disconnect from that is with you people. You just say gov gov gov without paying any attention to the root of the problem which is the money that owns our government. They're not "for the people"
politico92 4 months ago
@politico92 Who are you to say anything about investments of others? You need to be concern about your own investments. As for our government, please read our Declaration of Independence and Constitution. After reading those two documents you will understand the root cause of your nemesis.
Mike10four 4 months ago
@Mike10four Lots of these shady deals lost many americans their pensions and other things. The investments are just shit, and they know it. It's not real money. It's highly theoretical money. It was bound to fail eventually and it did. Investments that are BOUND to fail and taking shitty junk bonds and passing them off ass triple A's with shady tricks shouldn't be allowed. You're a broken record and sadly people like you with your failure to look at the big picture is only helping the problem
politico92 4 months ago
@politico92 One who relies on a pension is one who was educated by a gov school system where education about: money, gov, and morality is null. Your comments and your language is a clear indication that you were educated by a gov school system. The “big picture” is, who controls the information of the past controls the future; who controls the present controls the past. Our social cancer is a function of gov education. In our Constitution the gov is not to control education!
Mike10four 4 months ago
@Mike10four
I couldn't agree more. If people do some research, there is a clear correlation between the induction of the department of education and the decline of educational standards. Not to mention some of the most over-funded schools with olympic size swimming pools and state of the art gyms have some of the WORST drop out rates and test scores in the country.
takadi 4 months ago
@takadi My friend, you - are a breath of fresh air!
Mike10four 4 months ago
@Mike10four I've learned nothing from my political philosophy from my public education. That being said fuck you, you "elitist" bastard. Not everyone can afford to go to a private school. My beliefs come from books and articles. If there's anyone who wants to keep this country stupid it's the rich and powerful. Texas of all states is one with some of the most influence when it comes to things like text books and curriculum. You're clearly just another conservative asshole with no sympathy for
politico92 4 months ago
@Mike10four others. I never said anything about relying on a pension but you think instead of being angry at Wall street for essentially stealing these peoples pensions the appropriate response is to mock them? I'm sooo happy for you that you were able to get a private education and that you don't have to worry about relying on a pension. Good for you, I find it laughable that you would mention morality though considering yours seems to be null.
politico92 4 months ago
@politico92 You know nothing about me! I too viewed the world from the indoctrination of the many gov schools and universities I attended that skewed my vantage point on everything. I met one who was well versed in our country’s founding who changed my life. We argued about many concepts, but his logic was impeccable. Once I challenged him for the proof of Jefferson’s claim about our Rights being part of the Laws of Nature. Years later I discovered the proof, see my channel video.
Mike10four 4 months ago
Why does this woman move her head so much?
Let's see:
1000s of small companies lending money to homebuyers, and banks bought these mortgages and sold then to Fannie Mae and Freddy Mac which are owned by the federal government, etc...........hmmmmmmmm LOOS LIKE THE USA GOVERNMENT IS TO BLAME FOR THIS MESS!
Why Noone is in Jail?
madmanatsea 5 months ago
@madmanatsea Fannie Mae and Freedy Mac are undeniably at fault as well as AIG Goldman Sachs Merill Lynch etc etc etc. Goldman Sachs being the worst of them all (of the private ones at least) guessing your a conservative. Tell me why do conservatives refuse to see the WHOLE problem and just focus on the government aspect? The government is owned by banks like Goldman Sachs, the problem is one in the same.
politico92 4 months ago
@politico92 it's obvious. they are either stupid or dishonest.
stepididntsee 4 months ago
This comment has received too many negative votes show
Why doesn't she say Big Banks? I think Miss Havard got some facts wrong about the 1930's. She is for more regulation. How about breaking up the Banking and Insurance Monopolies.
tjfgermany58123 5 months ago
@tjfgermany58123 How does one break up monopolies without regulation? She was trying to change the culture of Washington in increments, and it didn't work. Now she's running for senate, and will hopefully have more of an effect.
zyxek 5 months ago 29
@zyxek There are no monopolies, and there never have been.
jkovert 4 months ago
@zyxek
The Senate is already populated by approx. 53 Socialist/Liberal's. We don't need anymore. Owebummer has kept just about every foreign policy that Bush did. Only now, the Liberal press are with him ALL IS WELL. Obama knew that being a Senator cannot have that big of an effect, that's why he's the President. Hey Clowny, try this one on for size. I do not even think Obama is going to let us vote in 2012. He's going to call some sort of "emergency" and put it off for "six months". Bet?
btwall60 3 months ago
@btwall60 I will bet you a million internet points that there will be a presidential election in 2012. And if you think that corporate owned, spineless dems, like Chuck Schumer and Harry Reid are "socialists," you're cracked.
zyxek 3 months ago
@zyxek
Corzine from N.J. was a Sen. he bolted to be a Gov.
btwall60 3 months ago
@tjfgermany58123 what?
stepididntsee 4 months ago
@tjfgermany58123 oh
my
god...
deadpanwalking 4 months ago