Elizabeth Warren on Proposed CFPA (Consumer Financial Protection Agency)

[centurion180ad]

Ms. Warren is a crook, she is part of the Criminal Class, an Ivy League trained British Accredited Registry attorney, the sons-of-bitches that administer the foreign treason debt-fraud for the mass murdering Debt Syndicate.

Her so-called profession is the biggest part of the scourge that is destroying America. She isn’t going to fix anything, she is going to feather her own bed, blame some victims, and create a new layer attorney blood sucking against America.

[ThunderAppeal]

Just another power hungry degenerate lawyer from harvard who is chomping at the bit to strip the American people of their freedoms.

I wouldnt be surprised if her family were closet fascists.

[nayanmalig]

it's too late for obama. he's a zombie president owned by the banking cartel. nothing can save him now.

[wildboy789789]

@nayanmalig do you want to help us try, or do you want to just say to yourself "banks have won" and give up and sit on your ass? if your gonna keep living then why not try to fix the world? its not that hard, i could pretend to be right wing and use my intellect to overthrow a government, but i still have options, you sound like youve given up

[nayanmalig]

@wildboy789789 fix the world? think I am god? get off ur fat ass & get real. the fat dumb american fast food cookie monsters who call themselves citizens are like zombies. they don know what the hell is going on. look at all the key decision makers obama appointed. all of them are from wall street & are given billions in bonuses, which the people happily slave & pay for living in tents. where are the street demos against it? like greece or france? instead the republicans are having tea parties.

[TheMadPorcupine]

More government please! We need to create CFPA and then we need some one who will oversee CFPA and I am just guessing here but CFPA will be directed by.......Hmmm........Let me thing here.......oohhh........Yaahh.­.... by BANKERS. New tricks, Old same pot of stew.  Another way to suck taxpayers money and make it look good !!!

[tlfettled]

Well now thats all cleared up ! WTF does all that mean !

[ihaveaverybadcold]

@tlfettled elizabeth warren's brain is one mighty fine brain...so fine in fact i have no idea what she is talking about either lol.....she does have a lecture on youtube if you have never seen it called the coming collapse of the middle class....really good stuff

[ThunderAppeal]

@tlfettled It means that she is another low life degenerate ivory tower prick who cant wait to get a government job that will 'really give her some power.'

[whoo689]

WHY exactly do we need just 1 set of regulations for mortgages, a one-size-fits-all type of thing? Because a bunch of poor jackoffs bought too much house from big lenders, and then they defaulted when they realized they couldn't afford them after all? And then stupid Obama and his friends in Washington decided to BAIL OUT these idiots, rather than force them to lose these premature houses and go back to condos or apartments, with over 200 billion bucks??

I don't think so, Warren. Noo

[theone3]

Only one westernised country escaped recession: Australia. Why? Because in 1998, it set up a CFPA called ARPA. Look it up.

As an Australian, I'm happy to say it's been remarkably successful in reigning in the banks. Australia didn't suffer *any* bubble. Unemployment never even hit 6%.

[theone3]

Correction: APRA, not ARPA.

[whoo689]

It saddens me that professors in America tend to be so liberal, including many financial and business ones. Very few of them are libertarian, especially. Even though the facts CLEARLY are on OUR side, if anything. Free markets do work if you let them and don't fuck things up with distortions or perverse incentives. Sure, corporations aren't always the most trustworthy, but they don't go around giving excessively risky loans to too many folks on their own. Gov't forced that.

[whoo689]

The feds are taking all the WRONG steps to try to prevent a future crash and "protect" consumers from "greedy Wall St. investors and bankers." The people in charge MISUNDERSTOOD the true causes and blame it all on "deregulation", even though there wasn't really a whole lot of banking and financial deregulation to begin with. And in fact, there was MORE regulation on housing, such as suing big banks because of "racial discrimination", in effect forcing them to give more bad loans.

[allgoo19]

@whoo689

Do you know anything about Glass-Steagall Act(1933) and its repeal(1999)?

If you don't know, google it.

[farmboycarl]

Yea, well those who create the system that supports the price of the house shouldn't change the rules in the middle of the game either. Or maybe you don't mind making mortgage payments on a house that's had its price cut in half by the failures of others.

[melomalomix]

LOL 0:07

[GILLERANUSA]

This structure makes alot of sense.

FSI is a regulated industry - get used to it. The regulators set the rules - and the FS players are supposed to comply.

The mess we're in NOW came from a self-regulating industry that has spent billions lobbying (+ achieving) DE-regulation over the past 20 yrs.

Outdated, confusing regs contribute to non-compliance.

The idea that we will update our FS regs to match current market realities should be welcomed by everyone. Left and Right.

[RCinPAWA]

The government will streamline the process by creating another agency. Another government agency. Yeah, that's the ticket; that will solve all our problems.

[MengersDisciple]

Yup. What a load of garbage!

Government is the only place where if an agency fails, it grows!

Homeland security and FEMA are such a shining examples.

So, go ahead, prop up another agency. And when that one fails, keep it and prop up yet another one, until all of us are paying more and more of our personal income to bear the burden of this bloated bureaucracy.

Let there be more regulations!

Don't let those who made mistakes fail! Prop them up and choke them with regulations!

[EmmaBeelah]

"Government is the only place where if an agency fails, it grows!" - What about AIG? Citigroup? Talk about massive, private failures - and the golden parachutes and bonuses kept on coming. We will always need some kind regulations, unless you do not think there should be any safety rules for things like aspirin, food. Dr Warren argues for SIMPLER, clearer regulations which would be better for everyone.

[MengersDisciple]

1. AIG and Citigroup are government backed entities - the government owns shares in these "private" companies.

2. None of those bonuses or golden parachutes would have been possible if the government hadn't bailed them out.

3. Those too big to fail companies *should* have failed and their stake holders - including shareholders - should have been punished for the mistakes via failure. That "regulation" is enough.

So which 5 *specific* regulations would have prevented problems with AIG & Citi?

[WadeBlazingame34]

WADE'S TOP 3 HEROES:

1. Springsteen

2.  David Ortiz

3. Liz Warren

4. Barack Obama

5. Studs Terkel