An ironic attack after all. IMPORTANT----Look at Warren's "home" website for her positions on Israel and Iran. They are carbon copies of the Dimocraps' wholesale embrace of the standard one-sided, war-foolish policies. I was truly shocked. Cannot donate any more $ and cannot vote for Liz after all. VERY disappointed.
I would like to see Elizabeth warren to be Vice President to President Obama next four years and give her eight years to the President the United States because she's a very smart woman and someone look up to.
bad title, EW's statement was factual and she and the 99% may have promped obama to do something as evidenced by his lates state of the union address assigning the AG to go after the worst of the banksters!
"[Elizabeth Warren] has been criticizing Scott Brown for being 'Wall Street’s favorite Senator'...but she hauled in an eye-popping $5.7 million the last three months of 2011 — refused to swear off Wall Street money [Wednesday], instead claiming that any money she gets from deep-pocketed financiers is coming from those who 'want reform.' "
You're in bed with George Soros, you hardly have a claim to sanity. You won't change no system, you will be just another corrupt clog of the machine. We don't want you.
@juniemoon Take off the tinfoil hat dipshit and get your own opinion instead of being spoon feed anti-American garbage by Rupert Murdoch & regurgitating it like the useless puppet you sound like.
No they didn't you moonbat, POLITICIANS did it and let's hope you don't get elected, you are just as corrupt as the rest of them. Ever heard of Clinton and Carter wanting everyone to be able to buy a house, then Barnley Frank and Chris Dodd, Freddie and Fannie. ACORN and Obama threatening banks to give loans to the poor. Did that slip your mind, you clown?
The hacking scandal in the UK shows what can be achieved. The statute of limitations will kick in soon, but there is still time to take each one of the senior bank executives down to the precinct and question them as to what they knew and when they knew it.
Obama and deems had "two years of total control". Do you know how much shit they were trying to pack into those two years, trying to un-do George Bush and pass (much needed) health care reform. Two years = about 80 total days of Congress in-session. Vs 8 years of 365 day around Geogre Bush passing more Executive orders than any president ever.
@Tech5420 What's wrong with renting? I don't care what they they thought, that doesn't give them a give to not payback their loans, and then say that the banks caused all the problems. If the banks don't give to people who can't afford it, they're mean and don't care about the common man. If they do give out the loans to those same people, then this crisis happens and everyone blames them. The people who defaulted on their loans have to take equal responsibility for this crisis.
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Anyone who votes for this communist is stupid. Wall St & the banks did what people like Barney Frank forced them into and then got out from under the burden. The Democratic Party has been infiltrated by communists and socialists and is UN-AMERICAN. But, we'll see who wins and who loses and where, in 2012.
@tinydancer1965 I call this bull crap WS and your Bush killed this country and our current president got the country this way, if equality is being a communist in your eyes you sir are blind!!!
@rivera189 Equality? Americans have the same rights under the law. NOT the same wealth. Get a life. If you want an 'equal' standard of living, stop spending and start saving. Work up to it.
Actually the United States Senate and the Barney Frank Blow Out broke this country one lousy mortgage at a time. And, oh, by the way, those deadbeats who took out those lousy mortgages one at a time. They had a hand in their own downfall as well. So, Warren, eat your foot. Now. Please. On camera.
@gvanderleun Actually, George W. Bush broke your country. He signed the TARP agreement in 2008, BEFORE Obama was elected. That was the supreme start of the downfall. The fake mortgages were ALSO in effect during the Bush administration, and they did nothing to stop them. Obama is just continuing the stupidity started during the Bush years.
The real problem is that the banks knew they would be bailed out... created a moral hazard. Get the government out of business, realize fascism is what is causing our problems. Both the Government and the corporations are to blame. All this regulation the left keeps pining for just helps the big banks, and doesn't allow true free-market competition. The Occupy Wall Street folks need to realize the real problem: Government controlled by special interests, not a lack of Government.
@TruckFreak69 Sure, the decades of deregulation & refusal by the right wing to regulate the HUGE derivatives market had absolutely nothing to do with it.
@xElbrucex - you're so indoctrinated you're actually stupid. The Dems BLOCKED investigations into Fannie Mae and Freddie Mac with cries of racism. Maxine Waters, Meeks, and Davis all played the race card because Fred Raines is "up-and-comin'" and is being "lynched" by regulations.
Barney Frank was explicit in saying that they were "sound" and didn't warrant an investigation. It's all on record on CSPAN.
Obama is a CON-MAN with alotta rich people behind him who have covered his criminal past- he NEVER misses an opportunity for the TV spotlight because his likeability covers his CRIMINAL past and people ignore his 2 SSN's and the FORGED birth certificate- (Now on COFFEE-CUPS & T-SHIRTS) EVERY WORD FROM his mouth is a LIE- THE MOST SECRETIVE of ALL presidents- EVERY part of his past has been hidden- he even surrendered his law license to avoid investigation- OBAMA IS THE BIGGEST FRAUD OF ALL TIME-
@Bored1ed HONESTY know NO color neither does FRAUD- COLOR has NOTHING to do with it- and it is often used by guilty people- Obama was a SCAM artist who rich people are backing and he is a FRAD- ask Alan Keys or Pastor James David Manning- they R decent black men who shout that Obama s a FRAUD- Keyes refuses to call Obama president because Obama not only FORGED his birth certificate but in his arrogance put them on COFFEE-CUPS & T-SHIRTS to sell at DEMOCRAT fundraisers-
@CromOnRoids She was a professor of corporate law and bankruptcy law at Harvard. Something tells me she has taken a "basic economics course" or two in her time. Heed your own words.
Really, they broke the country? The American people were the ones who took those mortages, even when they knew they couldn't afford them. Completely unfair to blame it entirely on the banks.
@adubashi They took those loans because they had to. Unless you think living in your parents house until you're 50 is the right thing to do. Since house prices were always going up, everyone thought they had to buy before it was too late and they couldn't afford to buy any house at all.
lol The Government broke this country by repealing the Glass steagall Act, Illegal Wars/Occupations, Warrentless Searches/Wiretaps, Murdering of US Citizens, Implementing Dodd-Frank Bill, Bail Outs, Ect...
Wake up people the Government sets the plat form, if we had followed the rule of law wall street would be under investigation by the Dept of Justice but there not, oh change eh? Obama huh? Just another wolf in sheep's clothes!
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this is why women shouldn't be allowed to hold any position of power. blah blah let me repeat a boring talking point without adding anything of value and some retard liberals will vote for me blah blah
Except there were policies in place for the better part of 2 decades that forced banks to supply these risky loans? Home ownership should sometimes remain a dream for a while.
@gabew187 you ever heard of the term "imply"? Warren was implying that the Obama administration has done nothing to change the system that lead to the financial collapse. That's why she emphasizes that the collapse was "three years ago".
Her comments are not any sort of attack on the current administration. Obama and team did not deregulate the industry to make all this possible. He inherited a bad situation, he didn't create it. I'm not gonna praise Obama and say he's the perfect president, but let's put the blame where it lies, current obstructionism by the GOP led senate, and 8 years of Bush economic policy.
Yeah, Wall Street has it's share of the blame. But where's the blame for the government who artificially increased home-ownership to unqualified people. Who's blaming the innumerable Americans who took out mortgages they couldn't afford?
But, I guess it's only politically expedient to attack Wall Street because they have such a small electoral base.
@jwb2116 Intentionally misleading people into something you know they cannot sustain is called fraud. You're attacking the victim and defending the perpetrator.
@7itanium452112 So, banks intentionally gave loans to people who they knew couldn't afford it? Why would they want to intentionally lose money? A bank giving a bad loan is not a case of fraud, in any case.
But... the government artificially created this housing problem with all their "affordable housing goals" which pressured banks into making these sub-prime loans.
@jwb2116 "intentionally lose money?" lol. Dude you know banks ONLY source of money is from debt interest right? All these multinational billion dollar banks made every cent off interest. Any loan, credit card, mortgage, all means that the bank will gain money, not lose it. The magic comes from the numbers, the banks found out back in early 2002 that if they increase the number loans even to people who might not be able to pay it all back, they'd make more than enough in interest to cover it.
@MrEnigmaism Do I need to explain the obvious to you? If an individual doesn't make payments on his mortgage, no money is made. The person I was replying to said that banks made *intentionally* made bad loans (i.e. loans to people who would not pay them back). Please re-read what was said before replying.
@jwb2116 The banks *did* intentionally make bad loans. They immediately sold off the debt to investors. So they didn't care if people defaulted on their loans, because they sold off the risk. There is a good explanation here: crisisofcredit . com
@rlbond No, Fannie Mae and Freddie Mac's affordable housing goals made it an objective for non-qualified people obtain housing. And pressured banks to give loans to these subprime candidates. That was the source of the disease. You need to research that.
As I originally said, everyone has blame. Yes, even the individual who took out the bad loan and didn't pay it back. Even Wall St. But it was the government in particular who caused it. And yet the only group who gets blamed is Wall St.
@jwb2116 The only thing the government was responsible for was making regulations too weak. There was NO LAW that said that private banks were required to loan money to people who could not afford mortgages. The banks sold subprime mortgages to create mortgage-backed securities to sell to investors because demand was high. I'm sorry you seem to be deluded as to how this problem appeared, but repeating a lie does not make it true.
@rlbond Good god, educate yourself please. The Community Reinvestment Act was amended in the 90s requiring banks to make these loans to under-qualified applicants in order to be within the new regulations.
Also Freddie and Fannie initially required that 30% of the mortgages they would buy had to be "affordable loans" (i.e. unqualified). By 2007, they required 70% to be "affordable."
It was TOO MUCH government coercion they helped cause this crisis.
@jwb2116 Why don't you educate *yourself*? There have been many studies of the Community Reinvestment Act. Take a look at en . wikipedia . org/wiki/Community_Reinvestment_Act#Relation_to_2008_financial_crisis
"However, every empirical study that has looked at CRA loans has concluded that they were safer than subprime mortgages that were purely profit driven, and CRA loans accounted for a tiny fraction of total subprime mortgages."
You have been LIED TO by the banks and their right-wing shills!
@rlbond That quote came from Michael Simkovic. In the exact same article, economists Stan Liebowitz and Russell Roberts say that the CRA subsidized low-income housing by pressuring banks.
So, why don't you cherry pick some more information? That's what the CRA and Freddie/Fannie were DESIGNED TO DO - give loans to under-qualified people.
@jwb2116 The fact is that very few loans were CRA loans. Most subprime loans were made because they were PROFITABLE. It had nothing to do with the CRA or Fannie/Freddie. It's just a fact that they made these loans and sold off the debt to investors in collateralized debt obligations.
The big bankers like to use the CRA as a scapegoat, but the fact remains that there is NO evidence that the CRA contributed to the financial crisis, and most economists agree with this, NY Post shills excluded.
@jwb2116 And the big banks got away with it by tricking low-income morons like you into taking their side!
“Socialism never took root in America because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires.” -Steinbeck
@jwb2116 How about you educate yourself, and no, watching talking head pundits does not count. CRA loans have historically been relatively reliable, and were only a small fraction of the total subprime market. By far the worst excesses seen in the subprime fiasco were not CRA-related at all - purely profit-driven unregulated greed. I know Beck, Limbaugh, Hannity, etc. love nothing better than a juicy "blame the minorities" sucker punch, but it doesn't make it any more true.
@maethlin Whether they comprised a relative small percent is missing the point. They created an artificially high demand for "affordable" mortgages. They were the catalyst responsible for those lax standards that helped create this mess.
If the government is offering these artificial mortgages with lax standards, then other banks have to lower their standards to compete.
Another case of the government distorting the market.
@MrEnigmaism So the person who took the loan that he/she couldn't afford isn't to blame? Only the banks? That was the original topic of conversation - assignment of blame.
@7itanium452112 There are no victims in this case. I'm not going to feel sorry for someone who took out a loan when they knew they couldn't afford it. The American people, banks, Wall St., the government in particular are all to blame.
But, my point is that Wall St. (and "the rich" in general) are the only ones receiving blame, because they're an easy target. A politician or someone seeking office doesn't have to worry about such a small electorate not voting for them.
i agree with zyxek. Whoever posted this has an anti-Obama agenda. I'm not nearly as for Obama as I was when I worked and voted for him in 2008, but remember, Bush was President when this went down. Romney would be far WORSE than Obama as far as regulating and taxing Wall Street. True, much of Obama's backing money came from bankers, but as much as I hate to say it, he's the lesser of two evils. Unless Occupy Wall Street gets their act together in a hurry, we might have to choose him over worse.
Also recognize she isn't really making a point, just bitching about wallstreet, when it was a government inspired housing boom. Wallstreet didn't artificially keep interest rates low, did they? No, it was the Fed......
@Epicspermdoner Wall St. knew that and continued to exploit it greedily. Just because something is legal doesn't make it right. No one claims this is a perfect system, and shame of Wall St. for exploiting it and doing real damage to the country.
Wallstreet? Fannie Mae and Freddie Mac is government! Banks would never write the shitty mortgages that they wrote if it weren't for the fact that they could sell them to Fannie and Freddie.
I like how that one retard started clapping while she was still making her point. Why do people do this? Okay, we get it. You agree with what she's saying. Why don't you just fucking wait until she's done talking, you idiot?
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Obama is a CON-MAN with alotta rich people behind him who have covered his criminal past- he NEVER misses an opportunity for the TV spotlight because his likeability covers his CRIMINAL past and people ignore his 2 SSN's and the FORGED birth certificate- (Now on COFFEE-CUPS & T-SHIRTS) EVERY WORD FROM his mouth is a LIE- THE MOST SECRETIVE of ALL presidents- EVERY part of his past has been hidden- he even surrendered his law license to avoid investigation- OBAMA IS THE BIGGEST FRAUD OF ALL TIME-
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@snopuddub Every WORD that I said was TRUE Obama is the BIGGEST FRAUD in HISTORY who has a lotta rich people covering his CRIMNAL past- The FORGED birth certificate and multiple SSN's used in real estate SCAMs are the least of his CRIMES- ) EVERY WORD FROM his mouth is a LIE- THE MOST SECRETIVE of ALL presidents- EVERY part of his past has been hidden or destroyed- he even surrendered his law license to avoid investigation- OBAMA IS THE BIGGEST FRAUD OF ALL TIME-
@zyxek No, the president has no control over holding anyone accountable, Congress and the Justice department do that, mind pointing out how the executive branch is supposed to do the other 2 branches job?
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publicanimal 5 days ago
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An ironic attack after all. IMPORTANT----Look at Warren's "home" website for her positions on Israel and Iran. They are carbon copies of the Dimocraps' wholesale embrace of the standard one-sided, war-foolish policies. I was truly shocked. Cannot donate any more $ and cannot vote for Liz after all. VERY disappointed.
Dionysos37 1 week ago
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I would like to see Elizabeth warren to be Vice President to President Obama next four years and give her eight years to the President the United States because she's a very smart woman and someone look up to.
sonofatiger 2 weeks ago
Comment removed
sonofatiger 2 weeks ago
bad title, EW's statement was factual and she and the 99% may have promped obama to do something as evidenced by his lates state of the union address assigning the AG to go after the worst of the banksters!
171RBD 1 month ago
I love her and will support her absolutely!
reverenceforall 1 month ago
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OH, REALLY?
"[Elizabeth Warren] has been criticizing Scott Brown for being 'Wall Street’s favorite Senator'...but she hauled in an eye-popping $5.7 million the last three months of 2011 — refused to swear off Wall Street money [Wednesday], instead claiming that any money she gets from deep-pocketed financiers is coming from those who 'want reform.' "
---Boston Herald 12 Jan 2012
MCSnicks 1 month ago
I would vote for this candidate before I would vote for some idiot from the wall street promoters.
gwayne919 3 months ago
What a bullsh*t title ...
Seasass 4 months ago 3
Who is the asshole who titled this video; Arriana Huffington?
Or the un-American pieces of sh!t commenting here like juniemoon?
2 words for you; g00gle idiot.
& 2 more for the road; F.u.c.k. yourself.
Activist4America 4 months ago
Who is the ass hole who titled this video; Arriana Huffington?
Or the un -American pieces of sh!t commenting here like juniemoon?
Activist4America 4 months ago
Was Pelosi leading the clapping again? Problem with Liz is she is pro-illegals too. Bad combo...
PeganCove 4 months ago
First JFK and then RFK and now us. Take back your country.
jfkcia 4 months ago
if i were american, this the kind of people i would be voting for.
sanriver12 4 months ago
Lmao at the guy who started clapping WAY too early, but just kept on clapping.
ImxJHC 4 months ago
she def has my vote
scout6686 4 months ago 3
You're in bed with George Soros, you hardly have a claim to sanity. You won't change no system, you will be just another corrupt clog of the machine. We don't want you.
juniemoon 4 months ago
@juniemoon Take off the tinfoil hat dipshit and get your own opinion instead of being spoon feed anti-American garbage by Rupert Murdoch & regurgitating it like the useless puppet you sound like.
Activist4America 4 months ago 3
No they didn't you moonbat, POLITICIANS did it and let's hope you don't get elected, you are just as corrupt as the rest of them. Ever heard of Clinton and Carter wanting everyone to be able to buy a house, then Barnley Frank and Chris Dodd, Freddie and Fannie. ACORN and Obama threatening banks to give loans to the poor. Did that slip your mind, you clown?
juniemoon 4 months ago
The hacking scandal in the UK shows what can be achieved. The statute of limitations will kick in soon, but there is still time to take each one of the senior bank executives down to the precinct and question them as to what they knew and when they knew it.
offgridnick 4 months ago
Obama and deems had "two years of total control". Do you know how much shit they were trying to pack into those two years, trying to un-do George Bush and pass (much needed) health care reform. Two years = about 80 total days of Congress in-session. Vs 8 years of 365 day around Geogre Bush passing more Executive orders than any president ever.
tl; dr PUT YOUR BIASED COMMENTARY IN CONTEXT
sepaccount 4 months ago
@Tech5420 What's wrong with renting? I don't care what they they thought, that doesn't give them a give to not payback their loans, and then say that the banks caused all the problems. If the banks don't give to people who can't afford it, they're mean and don't care about the common man. If they do give out the loans to those same people, then this crisis happens and everyone blames them. The people who defaulted on their loans have to take equal responsibility for this crisis.
adubashi 4 months ago
@adubashi Renting is just as expensive as buying and after years of paying you end up with nothing in your hands.
Tech5420 4 months ago
The asshole who started clapping halfway through...
lolfuckpasswords 4 months ago
This comment has received too many negative votes show
Anyone who votes for this communist is stupid. Wall St & the banks did what people like Barney Frank forced them into and then got out from under the burden. The Democratic Party has been infiltrated by communists and socialists and is UN-AMERICAN. But, we'll see who wins and who loses and where, in 2012.
tinydancer1965 4 months ago
@tinydancer1965 /facepalm
HDLeagueofLegends 4 months ago
@tinydancer1965
Barney Frank wasn't even running any committees from 1994-2006 because the GOP was in control of the house and senate.
Get a brain, morans.
rickcain2320 4 months ago
@tinydancer1965 I call this bull crap WS and your Bush killed this country and our current president got the country this way, if equality is being a communist in your eyes you sir are blind!!!
rivera189 4 months ago
@rivera189 Equality? Americans have the same rights under the law. NOT the same wealth. Get a life. If you want an 'equal' standard of living, stop spending and start saving. Work up to it.
tinydancer1965 4 months ago
Actually the United States Senate and the Barney Frank Blow Out broke this country one lousy mortgage at a time. And, oh, by the way, those deadbeats who took out those lousy mortgages one at a time. They had a hand in their own downfall as well. So, Warren, eat your foot. Now. Please. On camera.
gvanderleun 4 months ago
@gvanderleun Actually, George W. Bush broke your country. He signed the TARP agreement in 2008, BEFORE Obama was elected. That was the supreme start of the downfall. The fake mortgages were ALSO in effect during the Bush administration, and they did nothing to stop them. Obama is just continuing the stupidity started during the Bush years.
JRCrowley 4 months ago
democrats ALWAYS COMPROMISE. she will be like the rest.
neocon70 4 months ago
@neocon70 you tool....this all happened under BUSH, you dumb fucking retard.
ookie123 4 months ago
The real problem is that the banks knew they would be bailed out... created a moral hazard. Get the government out of business, realize fascism is what is causing our problems. Both the Government and the corporations are to blame. All this regulation the left keeps pining for just helps the big banks, and doesn't allow true free-market competition. The Occupy Wall Street folks need to realize the real problem: Government controlled by special interests, not a lack of Government.
TruckFreak69 4 months ago
@TruckFreak69 : EXACTLY.
geodesicks 4 months ago
@TruckFreak69 Sure, the decades of deregulation & refusal by the right wing to regulate the HUGE derivatives market had absolutely nothing to do with it.
xElbrucex 4 months ago
@xElbrucex - you're so indoctrinated you're actually stupid. The Dems BLOCKED investigations into Fannie Mae and Freddie Mac with cries of racism. Maxine Waters, Meeks, and Davis all played the race card because Fred Raines is "up-and-comin'" and is being "lynched" by regulations.
Barney Frank was explicit in saying that they were "sound" and didn't warrant an investigation. It's all on record on CSPAN.
watch?v=_MGT_cSi7Rs
You're so wrong you're an embarrassment.
thomaserossi 4 months ago 2
Why doesn't anyone talk about Clinton forcing banks to approve those "lousy mortgages"?
And he had Attorney General Janet Reno threaten to fine these banks who wouldn't comply $500,000 per incident!
donnygoat 4 months ago 4
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this is how sarah palin will look 20 years from now
donkeydonkey33 4 months ago
Obama is a CON-MAN with alotta rich people behind him who have covered his criminal past- he NEVER misses an opportunity for the TV spotlight because his likeability covers his CRIMINAL past and people ignore his 2 SSN's and the FORGED birth certificate- (Now on COFFEE-CUPS & T-SHIRTS) EVERY WORD FROM his mouth is a LIE- THE MOST SECRETIVE of ALL presidents- EVERY part of his past has been hidden- he even surrendered his law license to avoid investigation- OBAMA IS THE BIGGEST FRAUD OF ALL TIME-
RonaldBlair 4 months ago
@RonaldBlair You're an idiot. Just admit you hate him because he's black. If he was a white man...NO ONE would ever bring up a birth cert.
Bored1ed 4 months ago
@Bored1ed HONESTY know NO color neither does FRAUD- COLOR has NOTHING to do with it- and it is often used by guilty people- Obama was a SCAM artist who rich people are backing and he is a FRAD- ask Alan Keys or Pastor James David Manning- they R decent black men who shout that Obama s a FRAUD- Keyes refuses to call Obama president because Obama not only FORGED his birth certificate but in his arrogance put them on COFFEE-CUPS & T-SHIRTS to sell at DEMOCRAT fundraisers-
ronaldblair2 4 months ago
Misleading title is misleading.
dizkoblogger 4 months ago 2
this woman is making a LOT of enemies... God protect her
avianeddy 4 months ago
Ignorant person making ignorant comments. Take a basic economics course before you start spouting bull$hit that isn't true.
CromOnRoids 4 months ago
@CromOnRoids She was a professor of corporate law and bankruptcy law at Harvard. Something tells me she has taken a "basic economics course" or two in her time. Heed your own words.
Singley01 4 months ago
Really, they broke the country? The American people were the ones who took those mortages, even when they knew they couldn't afford them. Completely unfair to blame it entirely on the banks.
adubashi 4 months ago
@adubashi I hate people who blame the bankers who earn huge salaries........ mainly because I want to work my way to be one of them. ^^
SlipUp911 4 months ago
@SlipUp911 Can't tell if thats sarcasm haha
adubashi 4 months ago
@adubashi They took those loans because they had to. Unless you think living in your parents house until you're 50 is the right thing to do. Since house prices were always going up, everyone thought they had to buy before it was too late and they couldn't afford to buy any house at all.
Tech5420 4 months ago
any1 else come from reddit?
JeremyRages 4 months ago 8
@JeremyRages UPPED
avianeddy 4 months ago
@avianeddy fuck yeah
JeremyRages 4 months ago
Fuck you toddfein she didn't even mention Obama.
thebrodeo1234 4 months ago
that's a bad bitch erra erra dat's a bad bitch!
FollowersofDamu 4 months ago
She says nothing about Obama. She is criticizing congress.
cjmsr56 4 months ago 2
lol The Government broke this country by repealing the Glass steagall Act, Illegal Wars/Occupations, Warrentless Searches/Wiretaps, Murdering of US Citizens, Implementing Dodd-Frank Bill, Bail Outs, Ect...
Wake up people the Government sets the plat form, if we had followed the rule of law wall street would be under investigation by the Dept of Justice but there not, oh change eh? Obama huh? Just another wolf in sheep's clothes!
WuTubeish 5 months ago
This comment has received too many negative votes show
this is why women shouldn't be allowed to hold any position of power. blah blah let me repeat a boring talking point without adding anything of value and some retard liberals will vote for me blah blah
thaprecepta 5 months ago
0:23 "that's why I want to run for US Senate"
You should run for president.
zassounotsukushi 5 months ago
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......and that's why you wont be given the time of day.
SpunkMaster3000 5 months ago
Except there were policies in place for the better part of 2 decades that forced banks to supply these risky loans? Home ownership should sometimes remain a dream for a while.
stickynote2010 5 months ago
She didn't say a single thing about Obama. She was criticizing Wall Street
gabew187 5 months ago 15
@gabew187 you ever heard of the term "imply"? Warren was implying that the Obama administration has done nothing to change the system that lead to the financial collapse. That's why she emphasizes that the collapse was "three years ago".
Agnotio 3 months ago
Her comments are not any sort of attack on the current administration. Obama and team did not deregulate the industry to make all this possible. He inherited a bad situation, he didn't create it. I'm not gonna praise Obama and say he's the perfect president, but let's put the blame where it lies, current obstructionism by the GOP led senate, and 8 years of Bush economic policy.
MollyRocco 5 months ago 3
Right on, Warren for President 2016!
bbqwhaaat 5 months ago
Yeah, Wall Street has it's share of the blame. But where's the blame for the government who artificially increased home-ownership to unqualified people. Who's blaming the innumerable Americans who took out mortgages they couldn't afford?
But, I guess it's only politically expedient to attack Wall Street because they have such a small electoral base.
jwb2116 5 months ago
@jwb2116 Intentionally misleading people into something you know they cannot sustain is called fraud. You're attacking the victim and defending the perpetrator.
7itanium452112 5 months ago
@7itanium452112 So, banks intentionally gave loans to people who they knew couldn't afford it? Why would they want to intentionally lose money? A bank giving a bad loan is not a case of fraud, in any case.
But... the government artificially created this housing problem with all their "affordable housing goals" which pressured banks into making these sub-prime loans.
jwb2116 5 months ago
@jwb2116 "intentionally lose money?" lol. Dude you know banks ONLY source of money is from debt interest right? All these multinational billion dollar banks made every cent off interest. Any loan, credit card, mortgage, all means that the bank will gain money, not lose it. The magic comes from the numbers, the banks found out back in early 2002 that if they increase the number loans even to people who might not be able to pay it all back, they'd make more than enough in interest to cover it.
MrEnigmaism 5 months ago
@MrEnigmaism Do I need to explain the obvious to you? If an individual doesn't make payments on his mortgage, no money is made. The person I was replying to said that banks made *intentionally* made bad loans (i.e. loans to people who would not pay them back). Please re-read what was said before replying.
jwb2116 4 months ago
@jwb2116 The banks *did* intentionally make bad loans. They immediately sold off the debt to investors. So they didn't care if people defaulted on their loans, because they sold off the risk. There is a good explanation here: crisisofcredit . com
rlbond 4 months ago 4
@rlbond No, Fannie Mae and Freddie Mac's affordable housing goals made it an objective for non-qualified people obtain housing. And pressured banks to give loans to these subprime candidates. That was the source of the disease. You need to research that.
As I originally said, everyone has blame. Yes, even the individual who took out the bad loan and didn't pay it back. Even Wall St. But it was the government in particular who caused it. And yet the only group who gets blamed is Wall St.
jwb2116 4 months ago
@jwb2116 The only thing the government was responsible for was making regulations too weak. There was NO LAW that said that private banks were required to loan money to people who could not afford mortgages. The banks sold subprime mortgages to create mortgage-backed securities to sell to investors because demand was high. I'm sorry you seem to be deluded as to how this problem appeared, but repeating a lie does not make it true.
rlbond 4 months ago
@rlbond Good god, educate yourself please. The Community Reinvestment Act was amended in the 90s requiring banks to make these loans to under-qualified applicants in order to be within the new regulations.
Also Freddie and Fannie initially required that 30% of the mortgages they would buy had to be "affordable loans" (i.e. unqualified). By 2007, they required 70% to be "affordable."
It was TOO MUCH government coercion they helped cause this crisis.
jwb2116 4 months ago
@jwb2116 Why don't you educate *yourself*? There have been many studies of the Community Reinvestment Act. Take a look at en . wikipedia . org/wiki/Community_Reinvestment_Act#Relation_to_2008_financial_crisis
"However, every empirical study that has looked at CRA loans has concluded that they were safer than subprime mortgages that were purely profit driven, and CRA loans accounted for a tiny fraction of total subprime mortgages."
You have been LIED TO by the banks and their right-wing shills!
rlbond 4 months ago
@rlbond That quote came from Michael Simkovic. In the exact same article, economists Stan Liebowitz and Russell Roberts say that the CRA subsidized low-income housing by pressuring banks.
So, why don't you cherry pick some more information? That's what the CRA and Freddie/Fannie were DESIGNED TO DO - give loans to under-qualified people.
Sorry.
jwb2116 4 months ago
@jwb2116 The fact is that very few loans were CRA loans. Most subprime loans were made because they were PROFITABLE. It had nothing to do with the CRA or Fannie/Freddie. It's just a fact that they made these loans and sold off the debt to investors in collateralized debt obligations.
The big bankers like to use the CRA as a scapegoat, but the fact remains that there is NO evidence that the CRA contributed to the financial crisis, and most economists agree with this, NY Post shills excluded.
rlbond 4 months ago
@rlbond
CRA was passed in 1977, and home loans never even got into trouble until 1999 when Gramm-Leach-Bliley was passed.
rickcain2320 4 months ago
@jwb2116 And the big banks got away with it by tricking low-income morons like you into taking their side!
“Socialism never took root in America because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires.” -Steinbeck
rlbond 4 months ago
@rlbond Is that your response? A baseless assumption, followed by a quote that has nothing to do with the financial crisis?
jwb2116 4 months ago
@jwb2116 How about you educate yourself, and no, watching talking head pundits does not count. CRA loans have historically been relatively reliable, and were only a small fraction of the total subprime market. By far the worst excesses seen in the subprime fiasco were not CRA-related at all - purely profit-driven unregulated greed. I know Beck, Limbaugh, Hannity, etc. love nothing better than a juicy "blame the minorities" sucker punch, but it doesn't make it any more true.
maethlin 4 months ago
@maethlin Whether they comprised a relative small percent is missing the point. They created an artificially high demand for "affordable" mortgages. They were the catalyst responsible for those lax standards that helped create this mess.
If the government is offering these artificial mortgages with lax standards, then other banks have to lower their standards to compete.
Another case of the government distorting the market.
jwb2116 4 months ago
@MrEnigmaism So the person who took the loan that he/she couldn't afford isn't to blame? Only the banks? That was the original topic of conversation - assignment of blame.
jwb2116 4 months ago
@jwb2116 watch the documentary "inside job" it will explain why the banks are at fault really well.
jond2005 4 months ago 2
@7itanium452112 There are no victims in this case. I'm not going to feel sorry for someone who took out a loan when they knew they couldn't afford it. The American people, banks, Wall St., the government in particular are all to blame.
But, my point is that Wall St. (and "the rich" in general) are the only ones receiving blame, because they're an easy target. A politician or someone seeking office doesn't have to worry about such a small electorate not voting for them.
jwb2116 5 months ago
Elizabeth Warren is very easy to masturbate to
ReluctantZer0 5 months ago
Attacks Obama.... ? I up-vote Elizabeth Warren. I down-vote the person who created the title.
CommunityBuildersSB 5 months ago
I fuckin love this woman.
MilitantHeathen89 5 months ago
i agree with zyxek. Whoever posted this has an anti-Obama agenda. I'm not nearly as for Obama as I was when I worked and voted for him in 2008, but remember, Bush was President when this went down. Romney would be far WORSE than Obama as far as regulating and taxing Wall Street. True, much of Obama's backing money came from bankers, but as much as I hate to say it, he's the lesser of two evils. Unless Occupy Wall Street gets their act together in a hurry, we might have to choose him over worse.
tommymandel 5 months ago
3 years? more like 30 years, dumb bitch...
coffeetablesex 5 months ago
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keeping cunts in check: MANHOOD101. COM
thenfm 5 months ago
@thenfm Your life must suck.
generalchaos0 5 months ago
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@generalchaos0 U MAD DUMB CUNT? HAHAHAHA
thenfm 5 months ago
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@thenfm Mad? No. How can I be mad? I'm getting some. It's apparent that you are not.
generalchaos0 4 months ago
The fed isn't the government, just so we are clear.
woodenninja 5 months ago 6
Also recognize she isn't really making a point, just bitching about wallstreet, when it was a government inspired housing boom. Wallstreet didn't artificially keep interest rates low, did they? No, it was the Fed......
Epicspermdoner 5 months ago
@Epicspermdoner Wall St. knew that and continued to exploit it greedily. Just because something is legal doesn't make it right. No one claims this is a perfect system, and shame of Wall St. for exploiting it and doing real damage to the country.
hirewen 5 months ago 3
Wallstreet? Fannie Mae and Freddie Mac is government! Banks would never write the shitty mortgages that they wrote if it weren't for the fact that they could sell them to Fannie and Freddie.
Epicspermdoner 5 months ago
Screw the senate Liz! You should run for president!
richd506 5 months ago 152
@richd506 Would love for her to be the first woman to be President!
Emrys7 5 months ago
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ron paul 2012
tekkenjam 5 months ago
I like how that one retard started clapping while she was still making her point. Why do people do this? Okay, we get it. You agree with what she's saying. Why don't you just fucking wait until she's done talking, you idiot?
FriedrichAndrew 5 months ago 2
idiots..
MendelVasei 5 months ago
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Obama is a CON-MAN with alotta rich people behind him who have covered his criminal past- he NEVER misses an opportunity for the TV spotlight because his likeability covers his CRIMINAL past and people ignore his 2 SSN's and the FORGED birth certificate- (Now on COFFEE-CUPS & T-SHIRTS) EVERY WORD FROM his mouth is a LIE- THE MOST SECRETIVE of ALL presidents- EVERY part of his past has been hidden- he even surrendered his law license to avoid investigation- OBAMA IS THE BIGGEST FRAUD OF ALL TIME-
RonaldBlair 5 months ago
@RonaldBlair Ron, did you miss your meds this morning? Seems like you are spouting lie after lie. There is NO basis for your blithering BS.
snopuddub 5 months ago
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@snopuddub Every WORD that I said was TRUE Obama is the BIGGEST FRAUD in HISTORY who has a lotta rich people covering his CRIMNAL past- The FORGED birth certificate and multiple SSN's used in real estate SCAMs are the least of his CRIMES- ) EVERY WORD FROM his mouth is a LIE- THE MOST SECRETIVE of ALL presidents- EVERY part of his past has been hidden or destroyed- he even surrendered his law license to avoid investigation- OBAMA IS THE BIGGEST FRAUD OF ALL TIME-
RonaldBlair 5 months ago
@RonaldBlair Even if every word of what you said is true. How do ad hominem accusations effect his ability to be president?
joshua2443 5 months ago
That was a veiled criticism of the whole system. Obama is just a symptom.
booley 5 months ago
That was a veiled criticism of Obama at best.
zyxek 5 months ago 82
@zyxek No, the president has no control over holding anyone accountable, Congress and the Justice department do that, mind pointing out how the executive branch is supposed to do the other 2 branches job?
7itanium452112 5 months ago
@7itanium452112 When you say Justice department, do you mean judicial branch?
zyxek 5 months ago