Elizabeth Warren: "We Rescued at the Top, and Sort of Left the Bottom to Fend for Itself"

Elizabeth Warren from 'Capitalism: A Love Story' on MSNBC's Morning Joe: "The way I think of it is: they say something like 'Give me your money, investors and I'm going to Las Vegas and put it all on red 22. And if red 22 comes in -- woo! we are RICH. If red 22 doesn't come in, don't worry because the tax payers will pay you back the money you invested."

Had all our money on Black 17 at
http://www.michaelmoore.com

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[TallahasseeLove850]

Whoever becomes president in 2012 needs to appoint Elizabeth Warren as our Sec. of Treasury

[MishuTaste]

I wonder why my fellow Americans keep voting for "popular" politicians who get major corporate campaign contributions. Look, people, the system obviously isn't working. So let's vote for some unpopular people.

[socratic1968]

saved the economy? Tell that to people who lost their homes. The rich lost nothing.

[centurion180ad]

Better keep a close eye on Ms. Warren, 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 the victims, and create a new layer attorney blood sucking against America.

[MindofaJedi]

@RPShredow Yea, Obama is a Republican in disguise . In fact under Obama we now have more troops deployed than at any other time in our history ! He increased the military budget 10% more than at the peak under Bush . For what ? He single handedly took single pay off the table ! He has ruined healthcare and put arms dealing back on top of all business for the first time in America in over 20 years !

[RPShredow]

@TallahasseeLove850 Too bad that won't ever happen, Obama will only appoint a tool who won't ask questions like Geitner and not Warren, would be cool though if she became Sec. of the Treasury.

[RPShredow]

@TallahasseeLove850 Too bad that won't ever happen, Obama will only appoint a tool who won't ask questions like Geitner and not Warren, would be cool though if she became Sec. of the Treasury.

[MikeG11986]

@MikeG11986 Outsourcing is inevitable whether to other countries or technology, people are bound to lose their jobs to ingenuity. I believe that our socioeconomic status is a predatory capitalist one. People are tricked into buying products of all kinds whether they need it or not. But I also think our government is too large as is. Especially since our government is under the thumb of corporate America. So giving them more power to regulate, they would most likely only regulate growing companys

[natechomnicorp]

@MikeG11986 There are many causes of the current economic problems, such as, the outsourcing of production to unregulated labor markets and consumer support of these markets. I do agree with your statement concerning the detrimental effects of the current insane, criminal banking system on society. I do not support crony capitalism or current policy. I argue against corporate self-regulation and for the implementation of government policy for the people rather then corporate profit.

[MikeG11986]

@natechomnicorp You are missing a larger point, Fiat currency and fractional reserve policy are the main causes of all economic problems here today. The banks paid for the placement of lobbyists in government positions to influence banking laws. Something that the government wouldn't be doing in Austrian free market economics. American banks do not store money and loan out based of reserves anymore. When loans are made money doesn't come out of reserves, that's why we always have inflation.

[natechomnicorp]

@MikeG11986 Repealing Glass-Steagall was to empower banks and so was the Depository Institutions Deregulation and Monetary Control Act of 1980, Garn–St. Germain Depository Institutions Act, relaxing the net capital rule and not regulating derivative markets all of which are a move to a more free market and contributed to the disastrous financial collapse. The BP oil spill in the Gulf of Mexico is another example of disastrous consequences of hands off policies.

[MikeG11986]

@natechomnicorp Specify what hands off implementation are disastrous? Government involvement in banking law has only been to EMPOWER banks further like repealing Glass-Steagall. Because of corporate banking lobbyists in political positions, its only making the poor, poorer, and the banks more powerful and richer. That is why the distribution of wealth has shifted in the last ten years to 1% owning 96% of Americas physical capital.