"We Have A Real Problem Coming." Elizabeth Warren- head of the Congressional Oversight Panel

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Video HERE:
http://www.businessinsider.com/henry-blodget-elizabeth-warren-we-have-a-real-...

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* The banks are still insolvent. * That little tweak to mark-to-market accounting a couple of months ago has allowed us all to plunge into deep denial. * Now that the banks are allowed to lie about what their toxic assets are worth, they'll never sell them (because if they did they would have to write them down). * The smaller banks are undercapitalized and will have to raise another $12-$14 billion. And so on...

Those are the basic messages from Elizabeth Warren, head of the Congressional Oversight Panel. Warren's 10 minutes on Morning Joe (via Zero Hedge) are worth watching.

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[nsprphg]

thank you for the great info.

[Growby10]

@ nsprphg- yes we need to get this info out. thank you and please subscribe

[BlacksAreBeautiful]

I'm getting so desensitized to the corrupt practices these bankers are willing to resort to to keep us blinded...The worse thing is the feeling of hopelessness I/we have...outside of us collectively withdrawing our money, what else can we do?

[ChromeClapper]

I feel like you... what else can we do except withdraw our money?

[Growby10]

@ChromeClapper- i read if only 3-5% of us withdrew our money from our bank accounts..the bank would run out of money...therefore potentially cause a run on the bank.

[Growby10]

@BAB- so true! as always..great voice. thank you!

[galikazoid]

nice share

[BlacksAreBeautiful]

some real straight talk from Miss Warren!!

[mattandpatti222]

Blame it on the Jesuits. All planned out!

[keitheeds]

the train wreck will resurface many times over the next couple of years and that can't be good!!