God bless that Elizabeth Warren is out there fighting the good fight.
Fighting the corporate whores, not only in Congress and in politics, but those in the media as well.
Watch this....
Elizabeth Warren Brings News Anchors To Knees - YouTube
I tell you, this woman is truly doing The Lord's work.
Go Liz, Go Liz, GO!!!
LOL, you used the Young Cock Sucking Towel Head as your source. I love how he cut off the response to her make-believe history. Of course she looks good when only her mouth flaps out falsehoods without a chance to respond. I love the all in or out approach. If you are not for complete regulation like Chief Warren is, then you are for no regulation. What garbage. The Wall Street Reform Act is a 4,000 page monstrousity that I personally have to deal with at my company. The Consumer Financial Protection Bureau is creating so many problems and red tape, the banks are getting their hands tied in anything they want to do. I am not sure how a bank could do anything at the moment!
Funny how Chief Warren conveniently leaves out how regulations usually lead to banking busts. The Community Reinvestment Act required banks to lend a certain percentage of their portfolio to low income and risky borrowers or they would otherwise face penalties, additional fees, lose tax benefits and otherwise become non-competitive. They were FORCED by regulations to toss out the risk matrix. Not to mention the legislation that gave Fannie Mae and Freddie Mac the power to create a secondary FAUX mortgage market (thank you Clinton). All these REGULATIONS caused the mortgage meltdown!
Chief Warren makes it like only regulation prevented the non-banking bust, but the dishonest scumbag won't acknowledge that banking was much much different then. Few products, NO BROKERS, no stated loans, credit cards were NOT used very much nor were they as crazy as they are now. In fact credit cards were NOT introduced until the 1959 and not widely used until much later. Auto loans were a rarity. People would typically put 50-60% down on their homes. There were not installment accounts for goods at retail stores etc. Banking then was much different than it is now. Not to mention from the 30s-80s regulation was extremely low and bills were small and easily readable in one sitting and NOT packed with pork. That has changed.
She also left out that CARTER'S HUGE mismanagement of the economy that shot up interest rates to high levels was the cause of the bust!
Chief Warren is an ignorant mule. If it was up to her she would bankrupt the country into a banana republic with a royalty like lucky few at the top. She is a fool that should be working at McDonald's and not seeking to lead the country!
