Elizabeth Warren Explains The Problems With Toxic Assets

Original broadcast August 12 2009
Henry Paulson said that the toxic assets on bank balance sheets was going to cause the economy to go into a death spiral. So congress passed the original 700 Billion dollar TRAP bailout and not a dollar of TARP has been used to buy these toxic assets off the balance sheets. We need transparency and good accounting standards for these big banks and the FED. Audit the FED.
Priceless: How The Federal Reserve Bought The Economics Profession
http://www.huffingtonpost.com/2009/09/07/priceless-how-the-federal_n_278805.html

Category:

News & Politics

Tags:

• Elizabeth
• Warren
• Toxic
• Assets
• Henry
• Paulson
• TARP
• bailout
• 700
• Billion
• Fed
• Audit
• the
• FED
• Big
• Banks
• marked
• market
• model

[soundmoneyfan]

good luck breaking the left-right paradigm.  everyone has different opinions but most people aren't even blaming who is really at fault. the corporate state is the problem. if we had an honest assetment of what is wrong then we could debate solutions, pick one, and rally behind it. but instead we get more of the same, more corportism. the media is a big problem, thay get ratings by keeping us angry at each other but really the two parties in DC all bow to the same corporate masters

[tableconnect]

Elizabeth Warren is truly MY TRUE HERO!!!!! Hero term easy to use however, she is a true HERO in its term in the dictionary.

[centurion180ad]

It was a free gift. Taxpayers have been written into a trillions of debt, and the bankers have STOLEN it all. It is ALL lies!

Wake up! Arrest the God damn BANKERS.

[louiethegreater]

Elizabeth is less than honest. Free Trade, and neo-liberal policies is the problem. Pat also knows that and is silent about it on T.V., but to his credit he does talk about it extensivly in his books.

[ryansistah74]

@tableconnect She is mine too..... She is Direct and to the point. She knows what she is talking about.

[JAMD456]

We need as a nation to stop seeing things as left and right, we are all Americans, if we all worked together we could fix things, these battles help the ones in powers, while we are fighting amongst ourselves they are destroying the country

[MartinFortKnox]

I too am a big fan of hers. She speaks truth amongst those hiding behind superfluous talk trying to hypnotize us into signing them another check.

[soundmoneyfan]

i love this woman! she is left leaning but she is trying to fight for the truth!