Elizabeth Warren Explains the Financial Mess in Terms Anyone Can Understand!

Elizabeth Warren, current Chairwoman of the Congressional Oversight Committee, has a great way of reducing complex economic concepts to simple sentences that the average person can actually understand. Here she discusses the stress tests, American economic history and the present sorry state of our national net worth with CNBC's Squawk Box crew and guest host, Arianna Huffington. The normally outspoken panel of Joe Kernen, Becky Quick and Carl Quintanilla - wonder of wonders! - actually allows Ms. Warren to speak at length, despite the fact that what she says is completely at odds with their own long-held beliefs about the role of government and the market.

Warren points out that, with the exception of a 50-year stretch after the New Deal, the American economy has been on a roller coaster ride of boom and bust every 15 years.

Category:

News & Politics

Tags:

• Economy
• CNBC
• Squawk Box
• Warren
• Oversight
• Stress Tests
• Bailout
• Regulation

[sha370z]

when we was looking at the 700 billion bail out .the Fed loan 9 trillion and more to the banks

then in 2009 loan out trillion more .then in 2009 the fed was buying up bad home loans

dec 23 1913 the power of the money was taken from the people look at history

[susanbird1]

@damusmoose - yes1

[susanbird1]

@UFOCompilations - Love it!!!

[susanbird1]

@nikkinew123 - They implemented what Bush Junior wanted. Homeownership for all. Affordable loans for all. Alas they did not know that Wall Street and the Republican Paulsson was going to eat them up the moment the loan taker defaulted on payment. The loans were bundled up and sold as a toxic asset by Investment Bankers, who also betted that the loans would go sour.

[susanbird1]

@countzaroff - Yes she is - so pragmatic and doesn't talk over us. She is not going to win any beauty contest but she looks normal and why not the President or Hillary's VP.

[susanbird1]

@slipslide10 - Wow I hadn't gone that far but something to think about. How about VP!!!

Would love her to be President. Although really wanted a Clinton back in the White House.

[susanbird1]

there are blondes and then again there is Elizabeth Warren. Thank goodness for exceptional women like her and Hillary.

[slipslide10]

She should be president.

[countzaroff]

The American people should know who their real FRIENDS are. This woman is a HERO. 

[nikkinew123]

@queenofcups30 What exactly did Dodd, Frank or Freddie or Fanny do? I really don't know, so I'm asking. Thanks!