Meet Elizabeth Warren chief of the new Consumer Financial Protection Bureau.

[jillian]

I love how keeping people from deceptive business practices is "absolving them of personal responsibility".

Elizabeth Warren is brilliant. You should actually try listening to her sometime.

I, me, posted this Jillian.....

its from a friendly site in a friendly interview Jilllian.

I chose on purpose so as not to negatively pejoratize the content Jillian.

In fact there are I think 2 (?) phrases she uses in the interview plus topical matters she mentions I speak directly to Jillian.....

which leads ME to believe YOU either;
a) didn't watch or
b) didn't even read what I wrote.....]

or.. there is of course

c) which is a combo plate menu item- its a and b AND, I should stfu and just "listen" to her as in; go Jonestown on the Warren Kool aid...

it's from the Wall Street Journal... not exactly a bastion of liberalism.

But you chose to ignore what i said. I know it's much easier to toss around snippy responses. Nonetheless, forcing banks to speak in plain english is not somehow "absolving people of personal responsibility".

Nor is it "drinking kool aid" to inform yourself

 

[jillian]

JFC.

She sounds like another nitwit who's never even run a lemonade stand.

I can see why Barry would have hired her.

Spot on with the reading skills, a nitwit and she's never been in charge of anything you say?....

"professor at Harvard Law School and the chair of the Congressional Oversight Panel for the Troubled Asset Relief Program (TARP), about the importance of transparency in consumer financing, the future of the regulatory system, and what’s good about capitalism."

C'mon RD.. You know you don't have any life experience unless you are a Conservative.

No really.. the attacks continue on another great lady. It doesn't really matter who it is.. If she's in any way Liberal - Unintellegent and no experience.

They did it with Kagan, Sotomayor, Warren.. and they will continue to do it.

Ya know.. you only have experience if you were a half-term governor of a small-ass state and couldn't even handle that.. .

shhhhhhhhhhhhh... she'll tell you that you're sexist for picking on palin.

 

[Two Thumbs]

Spot on with the reading skills, a nitwit and she's never been in charge of anything you say?....

"professor at Harvard Law School and the chair of the Congressional Oversight Panel for the Troubled Asset Relief Program (TARP), about the importance of transparency in consumer financing, the future of the regulatory system, and what’s good about capitalism."

C'mon RD.. You know you don't have any life experience unless you are a Conservative.

No really.. the attacks continue on another great lady. It doesn't really matter who it is.. If she's in any way Liberal - Unintellegent and no experience.

They did it with Kagan, Sotomayor, Warren.. and they will continue to do it.

Ya know.. you only have experience if you were a half-term governor of a small-ass state and couldn't even handle that.. .

shhhhhhhhhhhhh... she'll tell you that you're sexist for picking on palin.

uhm

When did Alaska become "small"?

Did those filthy Canucks finally invade?

 

[jillian]

C'mon RD.. You know you don't have any life experience unless you are a Conservative.

No really.. the attacks continue on another great lady. It doesn't really matter who it is.. If she's in any way Liberal - Unintellegent and no experience.

They did it with Kagan, Sotomayor, Warren.. and they will continue to do it.

Ya know.. you only have experience if you were a half-term governor of a small-ass state and couldn't even handle that.. .

shhhhhhhhhhhhh... she'll tell you that you're sexist for picking on palin.

uhm

When did Alaska become "small"?

Did those filthy Canucks finally invade?

small population... lots of land.

 

[Mr. Shaman]

"Harvard Professor", stopped reading right there.

Jealousy is a bitch.

I think the point he was trying to make is that it's ANOTHER Harvard Professor, ANOTHER person that has no idea how to run something right b/c paydays rely on you not being wrong.

and honestly

How's all these professors working out?

You mean....BESIDES gettin' bin Laden?????

​

 

[Mr. Shaman]

JFC.

She sounds like another nitwit who's never even run a lemonade stand.

I can see why Barry would have hired her.

Spot on with the reading skills, a nitwit and she's never been in charge of anything you say?....

"professor at Harvard Law School and the chair of the Congressional Oversight Panel for the Troubled Asset Relief Program (TARP), about the importance of transparency in consumer financing, the future of the regulatory system, and what’s good about capitalism."

C'mon RD.. You know you don't have any life experience unless you are a Conservative.

 

[CrusaderFrank]

We already have a place where the government protects people from their bad decisions, its called the Psych Ward.

 

[CrusaderFrank]

Government can now tell you how much you can make (pay czar) and how much you can spend. Terrific

 

[Cuyo]

"Harvard Professor", stopped reading right there.

Jealousy is a bitch.

I think the point he was trying to make is that it's ANOTHER Harvard Professor, ANOTHER person that has no idea how to run something right b/c paydays rely on you not being wrong.

and honestly

How's all these professors working out?

Hard to make any progress when you've got a gaggle of hayseeds blocking every fucking thing they're trying to do... Not just "even if" it's the right thing, but "especially if" it's the right thing. The LAST thing they want is for things to improve and Obammy to get re-elected... Get real.

 

[Dr Grump]

"Harvard Professor", stopped reading right there.

After all, anybody with an ounce of education is an anathema to neocon whackjobs...
...that has been proven over and over again on these boards...

 

[Dr Grump]

shhhhhhhhhhhhh... she'll tell you that you're sexist for picking on palin.

uhm

When did Alaska become "small"?

Did those filthy Canucks finally invade?

small population... lots of land.

I'm surprised you had to spell it out..

...oh, wait a minute...

...no I'm not.....

 

[Trajan]

I love how keeping people from deceptive business practices is "absolving them of personal responsibility".

Elizabeth Warren is brilliant. You should actually try listening to her sometime.

I, me, posted this Jillian.....

its from a friendly site in a friendly interview Jilllian.

I chose on purpose so as not to negatively pejoratize the content Jillian.

In fact there are I think 2 (?) phrases she uses in the interview plus topical matters she mentions I speak directly to Jillian.....

which leads ME to believe YOU either;
a) didn't watch or
b) didn't even read what I wrote.....]

or.. there is of course

c) which is a combo plate menu item- its a and b AND, I should stfu and just "listen" to her as in; go Jonestown on the Warren Kool aid...

it's from the Wall Street Journal... not exactly a bastion of liberalism.

I thought as much; you didn't even open the link, its an 18 minute 13 second video interview conducted buy the bus. editor for the new yorker magazine and her 'briillance', hardly a bastion of right wingnuts or loons, the reference to the WJS equals 2 and half sentences in my personal comments.

I said in my responses I chose a friendly site to avoid pejorative viewpoint becasue this is exactly what I expected even though I went out of my way to avoid it, this kind hackery is something I would expect from someone with an IQ of 90....

But you chose to ignore what i said. I know it's much easier to toss around snippy responses. Nonetheless, forcing banks to speak in plain english is not somehow "absolving people of personal responsibility".

no, I read exactly what you said, to bad you didn't read the OP or open the link. Shes brilliant, I should listen to her, guess what? I did! its IN THE VIDEO...

further; I wrote in my comments as to who, imho, is at least partially responsible for the massive legalese we see in these contracts.......based on her interview commentary.

Nor is it "drinking kool aid" to inform yourself

You didn't even read the Op, or watch the link Jillian, so don't presume to instruct me on whats ' 'informed'........

 

[Trajan]

Do I understand this right?

frank-dodd fuck up Franny and freddie, then they get a say in who thier boss will be?

Incorrect.

Fannie and Freddie followed the Wall Street herd into fucked-uppery (BEFORE being nationalized btw), and now we're taking measures to make sure it doesn't happen again.

really ? how so ? by giving them more money, keeping them to big to fail or taking them apart?

 

[Trajan]

"Harvard Professor", stopped reading right there.

After all, anybody with an ounce of education is an anathema to neocon whackjobs...
...that has been proven over and over again on these boards...

and anyone who graduates harrrrrrrrrrrvard is automatically awarded genius of the century award, evidence to the contrary, but since when did progressives allow facts or evidence get in the way? apparently reading and watching links is to much of a burden........then again we're just praying and polishing our guns so, hey, what can I say?

 

[Bfgrn]

This is what government SHOULD do for We, the People. Just like the military protects our citizens and police patrol for prowlers, strong consumer protection patrols for shysters, crooks and corporate malfeasance. There is no one better to create this bureau, Elizabeth Warren is a national treasure.

The Consumer Financial Protection Bureau

Learn About the Bureau

[ame=http://www.youtube.com/watch?v=1V0Ax9OIc84]YouTube - ‪Welcome to the Consumer Financial Protection Bureau (CFPB) - featuring narration by Ron Howard‬‏[/ame]

The central mission of the Consumer Financial Protection Bureau (CFPB) is to make markets for consumer financial products and services work for Americans—whether they are applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products.

The consumer bureau will work to make sure that consumers have the information they need to understand the terms of their agreements with financial companies. It will also work to make regulations and guidance as clear and streamlined as possible so providers of consumer financial products and services can follow the rules on their own.


Core Functions

Congress established the CFPB to protect consumers by carrying out Federal consumer financial laws. Among other things, the consumer bureau will:

Conduct rule-making, supervision, and enforcement for Federal consumer financial protection laws

Restrict unfair, deceptive, or abusive acts or practices

Create a center to take consumer complaints

Promote financial education

Research consumer behavior

Monitor financial markets for new risks to consumers

Enforce laws that outlaw discrimination and other unfair treatment in consumer finance

 

[Toro]

I think she's a smart woman. I also think the financial industry royally fucked up and needs to be taken out back of the woodshed. Whether or not she's the one to do it, I don't know, but the fact that the banks are all bitching about her makes me think she may be the one. Carl Icahn was on CNBC today saying nothing has really changed and that banks are taking on more and more speculative leverage. I've been saying the same thing for awhile. I don't think anything has really changed. The banks fight tooth and nail at every opportunity to oppose regulation that increases capital reserves because so much executive compensation is in stock and stock options, and banks reserving more capital, i.e. making the world a safer place, crimps profitability and thus payoffs to top executives. The apostles of free market ideology argue that banks can regulate themselves, but these apostles are completely misguided by a basic misunderstanding of incentives which encourage short-term risk taking for massive profit. Investment bankers don't give a hoot about what happens 5 and 10 years in the future. They want to get paid now. They can get paid $5 million, $10 million, $20 million or even $100 million in a year, so why would they care? Leverage up the balance sheet, get paid and let the taxpayer sort out the mess when it collapses. And the sad thing is that all this regulation that the government is attempting to layer on - and the financial industry is opposing - won't do a damn thing to avert the next financial crisis and massive taxpayer bailout, which I can assure you, is coming.

Anyways, for anyone wishing to hear Elizabeth Warren talk about TARP, credit card abuses and bankruptcies, here are several interview.

Elizabeth Warren: Foreclosures Threaten Economy : NPR
Elizabeth Warren On The Rising Cost Of Credit Debt : NPR
Elizabeth Warren on the Credit Card Industry : NPR
What Does $700 Billion Buy Taxpayers? : NPR

 

[JFK_USA]

JFC.

She sounds like another nitwit who's never even run a lemonade stand.

I can see why Barry would have hired her.

Spot on with the reading skills, a nitwit and she's never been in charge of anything you say?....

"professor at Harvard Law School and the chair of the Congressional Oversight Panel for the Troubled Asset Relief Program (TARP), about the importance of transparency in consumer financing, the future of the regulatory system, and what’s good about capitalism."

Who is this Harvard you speak of and why are they so communist and socialist and EVIL!!!!

 

[Trajan]

I think she's a smart woman. I also think the financial industry royally fucked up and needs to be taken out back of the woodshed. Whether or not she's the one to do it, I don't know, but the fact that the banks are all bitching about her makes me think she may be the one. Carl Icahn was on CNBC today saying nothing has really changed and that banks are taking on more and more speculative leverage. I've been saying the same thing for awhile. I don't think anything has really changed. The banks fight tooth and nail at every opportunity to oppose regulation that increases capital reserves because so much executive compensation is in stock and stock options, and banks reserving more capital, i.e. making the world a safer place, crimps profitability and thus payoffs to top executives. The apostles of free market ideology argue that banks can regulate themselves, but these apostles are completely misguided by a basic misunderstanding of incentives which encourage short-term risk taking for massive profit. Investment bankers don't give a hoot about what happens 5 and 10 years in the future. They want to get paid now. They can get paid $5 million, $10 million, $20 million or even $100 million in a year, so why would they care? Leverage up the balance sheet, get paid and let the taxpayer sort out the mess when it collapses. And the sad thing is that all this regulation that the government is attempting to layer on - and the financial industry is opposing - won't do a damn thing to avert the next financial crisis and massive taxpayer bailout, which I can assure you, is coming.

Anyways, for anyone wishing to hear Elizabeth Warren talk about TARP, credit card abuses and bankruptcies, here are several interview.

Elizabeth Warren: Foreclosures Threaten Economy : NPR
Elizabeth Warren On The Rising Cost Of Credit Debt : NPR
Elizabeth Warren on the Credit Card Industry : NPR
What Does $700 Billion Buy Taxpayers? : NPR

yes shes smart, so was Romer and Summers and O something or other, I forgot.....apparently she wasn't smart enough to avoid having to pencil whip her own studies to get the outcome she wanted either.

so the short answer is more gov. from an agency with basically zero oversight? No, I don't think so. Was there not someone who was on the inside who could have fit the bill and at least had experience in the industry? Was Dodd Frank the answer or not?

 

[Bfgrn]

I think she's a smart woman. I also think the financial industry royally fucked up and needs to be taken out back of the woodshed. Whether or not she's the one to do it, I don't know, but the fact that the banks are all bitching about her makes me think she may be the one. Carl Icahn was on CNBC today saying nothing has really changed and that banks are taking on more and more speculative leverage. I've been saying the same thing for awhile. I don't think anything has really changed. The banks fight tooth and nail at every opportunity to oppose regulation that increases capital reserves because so much executive compensation is in stock and stock options, and banks reserving more capital, i.e. making the world a safer place, crimps profitability and thus payoffs to top executives. The apostles of free market ideology argue that banks can regulate themselves, but these apostles are completely misguided by a basic misunderstanding of incentives which encourage short-term risk taking for massive profit. Investment bankers don't give a hoot about what happens 5 and 10 years in the future. They want to get paid now. They can get paid $5 million, $10 million, $20 million or even $100 million in a year, so why would they care? Leverage up the balance sheet, get paid and let the taxpayer sort out the mess when it collapses. And the sad thing is that all this regulation that the government is attempting to layer on - and the financial industry is opposing - won't do a damn thing to avert the next financial crisis and massive taxpayer bailout, which I can assure you, is coming.

Anyways, for anyone wishing to hear Elizabeth Warren talk about TARP, credit card abuses and bankruptcies, here are several interview.

Elizabeth Warren: Foreclosures Threaten Economy : NPR
Elizabeth Warren On The Rising Cost Of Credit Debt : NPR
Elizabeth Warren on the Credit Card Industry : NPR
What Does $700 Billion Buy Taxpayers? : NPR

yes shes smart, so was Romer and Summers and O something or other, I forgot.....apparently she wasn't; smart enough to avoid having to pencil whip her own studies to get the outcome she wanted either.

so the short answer is more gov. from an agency with basically zero oversight? No, I don't think so. Was there not someone how was on the inside who could have fit the bill and at least had experience on the industry? Was Dodd frank the answer or not?

So you want what Bush did...have the fox guard the hen house...

When Bush wanted to destroy the forests, he call it the Healthy Forest Act. When Bush wanted to destroy the air, he called it the Clear Skies Bill.

But most insidiously, he put polluters in charge of virtually all the agencies that are supposed to protect Americans from pollution.

President Bush appointed as head of the Forest Service a timber industry lobbyist, Mark Rey, probably the most rapacious in history. He put in charge of public lands a mining industry lobbyist, Steven Griles, who believes that public lands are unconstitutional. He put in charge of the air division of the EPA, Jeffrey Holmstead, a utility lobbyist who has represented nothing but the worst air polluters in America. As head of Superfund, a woman whose last job was teaching corporate polluters how to evade Superfund. The second in command of EPA is a Monsanto lobbyist.

 

[Toro]

yes shes smart, so was Romer and Summers and O something or other, I forgot.....apparently she wasn't smart enough to avoid having to pencil whip her own studies to get the outcome she wanted either.

so the short answer is more gov. from an agency with basically zero oversight? No, I don't think so. Was there not someone who was on the inside who could have fit the bill and at least had experience in the industry? Was Dodd Frank the answer or not?

I am appalled at how the financial industry has co-opted Washington. As far as I'm concerned, after fucking up so bad, Wall Street shouldn't be allowed within the beltway, let alone the corridors of power. The problem is that we've had Wall Street crawling all over Washington the past two decades, knocking down walls that helped create this mess under the guise that they knew best. So the fact that we have an academic with little industry experience is a good thing IMHO. My industry needs to get cleared out but that won't happen.

Is Dodd Frank the answer? Probably not. Its a confusing mish-mash. Besides, the government doesn't get it. They are fighting the last war. The next crisis will be about something no one is concerned about with now.