Elizabeth Warren Introduces COP's February Report

In this video, Chair Elizabeth Warren of the TARP Congressional Oversight Panel introduces the COP February report, "Commercial Real Estate Losses and the Risk to Financial Stability." The full report is available online at http://cop.senate.gov/reports/library/report-021110-cop.cfm

Category:

News & Politics

Tags:

• February
• 10
• Commercial
• Real
• Estate

[1mealperday]

She makes it sound like the poor banks had an accident and need to recover,

it was and is an ongoing rip off and the killing of americas middle class. She gives them cover!!

[43837388]

S.N.A.F.U. I say!!

I thought the banks said that all's well.

Recovery was here. Just going to take a little while to trickle down to us little people.

Something stinks here. And I don't believe it's Ms. Warren.

[ThunderAppeal]

Just another government functionary who empowers banks.

[ThomasJAckerman]

Seventy-six bad loans led the death parade,

With a hundred and ten more debts close at hand.

There were thousands of bank defaults and a million empty vaults;

It's going to cost a half a trillion grand!

-- The Capitol Steps

[drflynn73]

Great for the big banks. The community banks are "little enough to fail". Good riddence to that pesty competition to the big banks.

[StormCloudsGathering]

@1mealperday - I think she is just trying to avoid being overly controversial in this report since she is making it as a government official. If you watch other interviews she's made I think you'll see that she is not afraid to lay into the banks.

[aw3212]

Banks will soon realize that turning down good borrowers will ultimately hurt everyone - especially them. What will the banks do with all these properties? They are in no position to manage such huge portfolios. We will soon forget about the "subprime crash" because the CRE crash is going to be the real" BIG ONE"

[p3snooper]

She sounds just like a professor delivering a lecture.

Oh, wait....... She *IS* a professor at Harvard Law.

[papaneuf]

This poem was written shortly after the federal reserve was formed in 1913 and nails it down.

Birds of Prey

Their shadow dims the sunshine of our day,

As they go lumbering across the sky,

Squawking in joy of feeling safe on high,

Beating their heavy wings of owlish gray.

They scare the singing birds of earth away

As, greed-impelled, they circle threateningly,

Watching the toilers with malignant eye,

[papaneuf]

From their exclusive haven--birds of prey.

They swoop down for the spoil in certain might,

And fasten in our bleeding flesh their claws.

They beat us to surrender weak with fright,

And tugging and tearing without let or pause,

They flap their hideous wings in grim delight,

And stuff our gory hearts into their maws.

--Claude McKay

[cmagrp1]

We knew that commercial problems had to come after resi ones, but it won't be in 2012 ... someone needs to get elected in that year - so look for government bailouts and banks being willing to take haircuts - after all, they don't want to own property.

between the commercial problems and increased taxes due to healthcare in 2014, look for the next economic slowdown / collapse in 2013 / 2014 (which is when Obama won't be running and he'll pass the bag to the next person)