Wall Street Declares War on Warren

[Norman]

Warren, the central planner who thinks she can rule 315 million people, but can not even identify whether she is or is not an Indian correctly.

 

[georgephillip]

Warren, the central planner who thinks she can rule 315 million people, but can not even identify whether she is or is not an Indian correctly.

Trump's Tricks can't even remember what the lying POS was saying BEFORE he was "elected."

Donald Trump Quote

 

[jc456]

[

Capitalism tells workers if you don't work, you starve and so do your children,

That is a good thing.

A lot better than filthy ass socialism that tells shitheads that if you don't work not to worry because somebody else will have to work and pay your bills.

That is a good thing.

A lot better than filthy ass socialism that tells shitheads that if you don't work not to worry because somebody else will have to work and pay your bills.

Capitalism worships profit which means "...that idle men and idle machines coexist with deprivation at home and starvation abroad..." When the profit motive can't or won't supply the necessary jobs, government will.

The Green New Deal Is Good for the Planet—and the Democratic Party

Can you say Armageddon?

Can you say Armageddon?

Will Trump Create a New Great Depression?

Hey fk. No one can argue your car car, there’s no logic to fling follow.

 

[jc456]

Warren, the central planner who thinks she can rule 315 million people, but can not even identify whether she is or is not an Indian correctly.

Trump's Tricks can't even remember what the lying POS was saying BEFORE he was "elected."

Donald Trump Quote

More cra cra wtf?

 

[jc456]

Warren, the central planner who thinks she can rule 315 million people, but can not even identify whether she is or is not an Indian correctly.

 

[georgephillip]

[

Capitalism tells workers if you don't work, you starve and so do your children,

That is a good thing.

A lot better than filthy ass socialism that tells shitheads that if you don't work not to worry because somebody else will have to work and pay your bills.

That is a good thing.

A lot better than filthy ass socialism that tells shitheads that if you don't work not to worry because somebody else will have to work and pay your bills.

Capitalism worships profit which means "...that idle men and idle machines coexist with deprivation at home and starvation abroad..." When the profit motive can't or won't supply the necessary jobs, government will.

The Green New Deal Is Good for the Planet—and the Democratic Party

Can you say Armageddon?

Can you say Armageddon?

Will Trump Create a New Great Depression?

Hey fk. No one can argue your car car, there’s no logic to fling follow.

Hey fk. No one can argue your car car, there’s no logic to fling follow

Hey, Trick

there's no "there" there.

Trump's Tricks: How He Riles the Media While Entertaining Supporters | RealClearPolitics

 

[jc456]

That is a good thing.

A lot better than filthy ass socialism that tells shitheads that if you don't work not to worry because somebody else will have to work and pay your bills.

That is a good thing.

A lot better than filthy ass socialism that tells shitheads that if you don't work not to worry because somebody else will have to work and pay your bills.

Capitalism worships profit which means "...that idle men and idle machines coexist with deprivation at home and starvation abroad..." When the profit motive can't or won't supply the necessary jobs, government will.

The Green New Deal Is Good for the Planet—and the Democratic Party

Can you say Armageddon?

Can you say Armageddon?

Will Trump Create a New Great Depression?

Hey fk. No one can argue your car car, there’s no logic to fling follow.

Hey fk. No one can argue your car car, there’s no logic to fling follow

Hey, Trick

there's no "there" there.

Trump's Tricks: How He Riles the Media While Entertaining Supporters | RealClearPolitics

Russia Russia eh? Hahaha hahaha . Can you say hoax? I knew you could

 

[georgephillip]

Capitalism worships profit which means "...that idle men and idle machines coexist with deprivation at home and starvation abroad..." When the profit motive can't or won't supply the necessary jobs, government will.

The Green New Deal Is Good for the Planet—and the Democratic Party

Can you say Armageddon?

Can you say Armageddon?

Will Trump Create a New Great Depression?

Hey fk. No one can argue your car car, there’s no logic to fling follow.

Hey fk. No one can argue your car car, there’s no logic to fling follow

Hey, Trick

there's no "there" there.

Trump's Tricks: How He Riles the Media While Entertaining Supporters | RealClearPolitics

Russia Russia eh? Hahaha hahaha . Can you say hoax? I knew you could

Russia Russia eh? Hahaha hahaha . Can you say hoax? I knew you could

Two life-long Republican fixers say "no collusion" and Trump's Tricks think it's over?

Mueller Helped Saudis Cover Up Involvement In 9/11 Attacks: Lawsuit

"What some people don’t know about Mueller is that he has a long history of leading government investigations that were diversions or cover-ups.

"These include the investigation into the 1988 bombing of Pan Am Flight 103, the investigation into the terrorist financing Bank of Credit and Commerce International (BCCI), and the FBI investigations into the crimes of September 11th, 2001.

"Today the public is beginning to realize that Mueller’s investigation into Russian collusion with the Trump campaign is a similar diversion."

Mueller’s History of Cover-Ups

RINO Bob didn't bother to examine Trump's financial documents during his "investigation."

Congress won't be making that particular mistake when it proves the biggest hoax of all is living in the White House.

 

[jc456]

Can you say Armageddon?

Can you say Armageddon?

Will Trump Create a New Great Depression?

Hey fk. No one can argue your car car, there’s no logic to fling follow.

Hey fk. No one can argue your car car, there’s no logic to fling follow

Hey, Trick

there's no "there" there.

Trump's Tricks: How He Riles the Media While Entertaining Supporters | RealClearPolitics

Russia Russia eh? Hahaha hahaha . Can you say hoax? I knew you could

Russia Russia eh? Hahaha hahaha . Can you say hoax? I knew you could

Two life-long Republican fixers say "no collusion" and Trump's Tricks think it's over?

Mueller Helped Saudis Cover Up Involvement In 9/11 Attacks: Lawsuit

"What some people don’t know about Mueller is that he has a long history of leading government investigations that were diversions or cover-ups.

"These include the investigation into the 1988 bombing of Pan Am Flight 103, the investigation into the terrorist financing Bank of Credit and Commerce International (BCCI), and the FBI investigations into the crimes of September 11th, 2001.

"Today the public is beginning to realize that Mueller’s investigation into Russian collusion with the Trump campaign is a similar diversion."

Mueller’s History of Cover-Ups

RINO Bob didn't bother to examine Trump's financial documents during his "investigation."

Congress won't be making that particular mistake when it proves the biggest hoax of all is living in the White House.

Too funny dude! Your TDS is noted in another day

 

[Toddsterpatriot]

The Wall Street Campaign to Stop Elizabeth Warren Officially Began on September 10, 2019

"Yesterday, that Wall Street campaign officially began. CNBC’s Jim Cramer and David Faber discussed on TV how they are hearing from Wall Street bank executives that Warren must be stopped..."

Can you guess why Wall Street's trolls have a problem with Liz?

Bloomberg Knows:

"On the same day, September 10, 2019, Bloomberg News, which is majority owned by billionaire Michael Bloomberg, whose $52.4 billion net worth derives from leasing his data terminals to thousands of Wall Street trading floors around the globe, ran this headline: 'Richest Could Lose Hundreds of Billions Under Warren’s Wealth Tax.'

"Obviously, that wouldn’t sit too well with Michael Bloomberg, who has frequently penned his own OpEds for his financial news empire..."

"The opinion piece was titled 'Warren’s Assault on Retiree Wealth,' and was written by Phil Gramm and Mike Solon. Gramm is the former Republican Senator whose name appears on the Gramm-Leach-Bliley Act, the legislation that repealed the Glass-Steagall Act."

"t was that repeal that allowed Wall Street’s casino investment banks to merge with commercial banks holding Federally-insured deposits.

"And it was this dangerous combo that led to the epic crash on Wall Street in 2008 and the ensuing economic collapse in the U.S. – the greatest collapse since the Great Depression."

There are economic events on the horizon (like negative interest rates) that pose a legitimate threat to savers and retirees; Liz Warren is not among them.

What Negative Interest Rates Mean For Your Retirement

"And it was this dangerous combo that led to the epic crash on Wall Street in 2008 and the ensuing economic collapse in the U.S. – the greatest collapse since the Great Depression."

Exactly!!
Under Glass-Steagall banks weren't allowed to write bad mortgages….wait, what?

 

[Toddsterpatriot]

What, if anything, would you recommend to replace the Central Bank?

Free Markets.

Free Markets.

Markets free of economic (monopoly) rents or markets free of government regulation?

Mixed economies and monopoly | Michael Hudson

"In the 20th century’s Progressive Era a century ago, a 'mixed economy' meant keeping natural monopolies in the public sector: transportation, the post office, education, health care, and so forth.

"The aim was to save the economy from monopoly rent by a either direct public ownership or government regulation to prevent price gouging by monopolies.

"The kind of 'mixed economy' envisioned by Adam Smith, John Stuart Mill and other classical 19thcentury free market economists aimed at saving the economy from land rent paid to Europe’s hereditary landlord class.

"Either the government would tax away the land’s rent, or would nationalize it by taking land out of the hands of landlords.

"The idea was to free markets from economic rent ('unearned income') in general, including monopoly rents, and also to subsidize basic needs to create a price-competitive national economy."

"The idea was to free markets from economic rent ('unearned income') in general,

No unearned income under communism, eh comrade?
Not much earned income either.

 

[Toddsterpatriot]

Markets free of economic (monopoly) rents or markets free of government regulation?

Mixed economies and monopoly | Michael Hudson

"In the 20th century’s Progressive Era a century ago, a 'mixed economy' meant keeping natural monopolies in the public sector: transportation, the post office, education, health care, and so forth.

"The aim was to save the economy from monopoly rent by a either direct public ownership or government regulation to prevent price gouging by monopolies.

"The kind of 'mixed economy' envisioned by Adam Smith, John Stuart Mill and other classical 19thcentury free market economists aimed at saving the economy from land rent paid to Europe’s hereditary landlord class.

"Either the government would tax away the land’s rent, or would nationalize it by taking land out of the hands of landlords.

"The idea was to free markets from economic rent ('unearned income') in general, including monopoly rents, and also to subsidize basic needs to create a price-competitive national economy."

Oppression in small pieces will always lead directly to full scale tyranny. Always.

I think the most important thing to understand before pursuing discussion about monetary policy is what money is. And what money is not. What wealth is. And what wealth is not. How wealth is created. And how it is not. Neither the people in Washington or on Wall Street know what money is. Or any of the latter points, for that matter. The malinvestment alone is indicative of that.

what money is. And what money is not.

 

[Toddsterpatriot]

One thing I DO know about negative interest rates:

Any bank or institution that wants to charge for simply keeping anyone's money deserves the run that will drain away their deposits within hours if not mere minutes.

I don't fully understand the legalities of who "owns" the deposits in a bank. Is it the depositors or the bank?

Bail-Ins During Financial Crisis Helps Financial Institutions

"A bail-in provides relief to a financial institution on the brink of failure by requiring the cancellation of debts owed to creditors and depositors.

"A bail-in is the opposite of a bailout, which involves the rescue of a financial institution by external parties, typically governments, using taxpayers’ money for funding.

"Bailouts help to keep creditors from losses while bail-ins mandate creditors take losses."

I don't fully understand the legalities of who "owns" the deposits in a bank. Is it the depositors or the bank?

The bank now owns the $20 you deposited.
You own the checking account balance of $20.

 

[georgephillip]

Will Trump Create a New Great Depression?

Hey fk. No one can argue your car car, there’s no logic to fling follow.

Hey fk. No one can argue your car car, there’s no logic to fling follow

Hey, Trick

there's no "there" there.

Trump's Tricks: How He Riles the Media While Entertaining Supporters | RealClearPolitics

Russia Russia eh? Hahaha hahaha . Can you say hoax? I knew you could

Russia Russia eh? Hahaha hahaha . Can you say hoax? I knew you could

Two life-long Republican fixers say "no collusion" and Trump's Tricks think it's over?

Mueller Helped Saudis Cover Up Involvement In 9/11 Attacks: Lawsuit

"What some people don’t know about Mueller is that he has a long history of leading government investigations that were diversions or cover-ups.

"These include the investigation into the 1988 bombing of Pan Am Flight 103, the investigation into the terrorist financing Bank of Credit and Commerce International (BCCI), and the FBI investigations into the crimes of September 11th, 2001.

"Today the public is beginning to realize that Mueller’s investigation into Russian collusion with the Trump campaign is a similar diversion."

Mueller’s History of Cover-Ups

RINO Bob didn't bother to examine Trump's financial documents during his "investigation."

Congress won't be making that particular mistake when it proves the biggest hoax of all is living in the White House.

Too funny dude! Your TDS is noted in another day

oo funny dude! Your TDS is noted in another day

Drain the swamp?

 

[Toddsterpatriot]

"That’s because despite the pivotal role that derivatives played in deepening the epic financial collapse that began in 2008, derivatives have not been brought under control by either Congress or Federal regulators of Wall Street."

All other issues aside, it's nice to see a politician getting this.

Until this happens, we're pissing on a hornet's nest. Derivatives (and the various industry tactics that surrounded them) were the key component of the Meltdown.

Clamp down on derivatives, reinstate Glass Steagall. You'll massively decrease risk, you'll eliminate dangerous conflicts of interest, and you'll bring both stability and sanity back to Wall Street. And everyday banking.
.

Clamp down on derivatives, reinstate Glass Steagall. You'll massively decrease risk,

Derivatives had very little to do with bank losses in 2008.
Glass Steagall would not have restricted bad mortgage writing.

 

[Mac1958]

Derivatives had very little to do with bank losses in 2008.
Glass Steagall would not have restricted bad mortgage writing.

holy crap
.

 

[georgephillip]

The Wall Street Campaign to Stop Elizabeth Warren Officially Began on September 10, 2019

"Yesterday, that Wall Street campaign officially began. CNBC’s Jim Cramer and David Faber discussed on TV how they are hearing from Wall Street bank executives that Warren must be stopped..."

Can you guess why Wall Street's trolls have a problem with Liz?

Bloomberg Knows:

"On the same day, September 10, 2019, Bloomberg News, which is majority owned by billionaire Michael Bloomberg, whose $52.4 billion net worth derives from leasing his data terminals to thousands of Wall Street trading floors around the globe, ran this headline: 'Richest Could Lose Hundreds of Billions Under Warren’s Wealth Tax.'

"Obviously, that wouldn’t sit too well with Michael Bloomberg, who has frequently penned his own OpEds for his financial news empire..."

"The opinion piece was titled 'Warren’s Assault on Retiree Wealth,' and was written by Phil Gramm and Mike Solon. Gramm is the former Republican Senator whose name appears on the Gramm-Leach-Bliley Act, the legislation that repealed the Glass-Steagall Act."

"t was that repeal that allowed Wall Street’s casino investment banks to merge with commercial banks holding Federally-insured deposits.

"And it was this dangerous combo that led to the epic crash on Wall Street in 2008 and the ensuing economic collapse in the U.S. – the greatest collapse since the Great Depression."

There are economic events on the horizon (like negative interest rates) that pose a legitimate threat to savers and retirees; Liz Warren is not among them.

What Negative Interest Rates Mean For Your Retirement

"And it was this dangerous combo that led to the epic crash on Wall Street in 2008 and the ensuing economic collapse in the U.S. – the greatest collapse since the Great Depression."

Exactly!!
Under Glass-Steagall banks weren't allowed to write bad mortgages….wait, what?

Exactly!!
Under Glass-Steagall banks weren't allowed to write bad mortgages….wait, what?

Actually, banks were too big under Glass-Steagall

Fact Check: Did Glass-Steagall Cause The 2008 Financial Crisis?

"The biggest banks are a lot bigger than they once were, mostly because of mergers and acquisitions. What's not in dispute is that changes to Glass-Steagall allowed the biggest banks to grow bigger, which has raised new concerns about risks to the financial system.

"At issue is the 'too big to fail' problem: Will the federal government once again be forced to come to the aid of federally insured megabanks that have taken outsize risks with their money?"

Isn't it shameless how capitalism loots the public sector in order to create a small number of vast and private fortunes?

 

[georgephillip]

"That’s because despite the pivotal role that derivatives played in deepening the epic financial collapse that began in 2008, derivatives have not been brought under control by either Congress or Federal regulators of Wall Street."

All other issues aside, it's nice to see a politician getting this.

Until this happens, we're pissing on a hornet's nest. Derivatives (and the various industry tactics that surrounded them) were the key component of the Meltdown.

Clamp down on derivatives, reinstate Glass Steagall. You'll massively decrease risk, you'll eliminate dangerous conflicts of interest, and you'll bring both stability and sanity back to Wall Street. And everyday banking.
.

Clamp down on derivatives, reinstate Glass Steagall. You'll massively decrease risk,

Derivatives had very little to do with bank losses in 2008.
Glass Steagall would not have restricted bad mortgage writing.

Derivatives had very little to do with bank losses in 2008.
Glass Steagall would not have restricted bad mortgage writing.

What role did unregulated derivatives play in 2008 bank "losses"

"The real cause of the 2008 financial crisis was the proliferation of unregulated derivatives during that time. These are complicated financial products that derive their value from an underlying asset or index. A good example of a derivative is a mortgage-backed security."

How Derivatives Could Trigger Another Financial Crisis

 

[Natural Citizen]

View attachment 279429

Ya know what it really is, Toddster? I'll tell you. It's not that Warren is in any way conservative. It's that Wall Street is just as leftist.

And I don't even really like to use the term leftists. But I have to because most in the electorate have shortcomings in definitions and understanding of what kinds of policies we actually have going on.

 

[Mac1958]

"That’s because despite the pivotal role that derivatives played in deepening the epic financial collapse that began in 2008, derivatives have not been brought under control by either Congress or Federal regulators of Wall Street."

All other issues aside, it's nice to see a politician getting this.

Until this happens, we're pissing on a hornet's nest. Derivatives (and the various industry tactics that surrounded them) were the key component of the Meltdown.

Clamp down on derivatives, reinstate Glass Steagall. You'll massively decrease risk, you'll eliminate dangerous conflicts of interest, and you'll bring both stability and sanity back to Wall Street. And everyday banking.
.

Clamp down on derivatives, reinstate Glass Steagall. You'll massively decrease risk,

Derivatives had very little to do with bank losses in 2008.
Glass Steagall would not have restricted bad mortgage writing.

Derivatives had very little to do with bank losses in 2008.
Glass Steagall would not have restricted bad mortgage writing.

What role did unregulated derivatives play in 2008 bank "losses"

"The real cause of the 2008 financial crisis was the proliferation of unregulated derivatives during that time. These are complicated financial products that derive their value from an underlying asset or index. A good example of a derivative is a mortgage-backed security."

How Derivatives Could Trigger Another Financial Crisis

You're wasting your time. They don't know this stuff.

The official talk radio line is the CRA, a law signed in 1977, and somehow responsible for the whole thing 30 years later.

That's all they know. Derivatives, CDOs, CMOs, fraud, synthetics, swaps, ratings agencies, mortgage companies, Greenspan, that's all fake news.
.