Elizabeth Warren beats the crap out of the Jim Cramer crew

Politics • Views: 21,428

YouTube

On “Squawk Box,” Warren appeared to effortlessly bat aside the two anchors’ pro-bank talking points, saying that once Glass-Steagall was implemented in the 1930s, the U.S. had a long period — 50 years — of relative financial stability. For each point the anchors brought up, Warren was ready with a calm, reasoned reply. In the words of Esquire blogger Charles Pierce, “The next thing they knew, they were sprawled on the canvas, and somebody was waving ammonia capsules under their noses, and Mills Lane [The famous boxing announcer and referee-Ed.] was standing above them, waving his arms.”

More: Jim Cramer of CNBC Insists That Elizabeth Warren Takedown ‘Had NO Impact’

I say it all the time and will now repeat… Elizabeth Warren for President. Seriously.

Jump to bottom

117 comments
1 Randall Gross  Wed, Jul 17, 2013 2:33:32pm

I don’t understand how even the most brain dead tea party stalwart doesn’t understand the notion that his bank shouldn’t be allowed to gamble with his savings deposits if that bank wants the taxpayers to insure the deposits. The stupid — it’s beyond fathom.

2 Political Atheist  Wed, Jul 17, 2013 2:37:57pm

Wow. I am truly impressed.

3 EPR-radar  Wed, Jul 17, 2013 3:01:44pm

re: #1 Randall Gross

I don’t understand how even the most brain dead tea party stalwart doesn’t understand the notion that his bank shouldn’t be allowed to gamble with his savings deposits if that bank wants the taxpayers to insure the deposits. The stupid — it’s beyond fathom.

Understanding is not necessary in the tea party crowd. Voting by Pavlovian stimulus-response behavior in response to officially approved hate totems is their purpose.

4 Tigger2005  Wed, Jul 17, 2013 3:06:14pm

It’s really a mystery to me why more people don’t aspire to be like this…calm and rational, and holding views backed with evidence…instead of behaving like crazed angry babboons (apologies to babboons). I think it may actually START with the insistence on holding views that do not stand up to reality. This sparks cognitive dissonance that manifests as constant rage and subconscious self-hatred that is projected on others. There’s my armchair psychology theory for the day.

5 Brother Holy Cruise Missile of Mild Acceptance  Wed, Jul 17, 2013 3:09:05pm

Sorry to go O/T like this cuz Elizabeth Warren rocks but…


BWAHAHAHAHAHAHAHAHA……*deep breath*……BWAHAHAHAHA

6 erik_t  Wed, Jul 17, 2013 3:11:45pm

re: #1 Randall Gross

I don’t understand how even the most brain dead tea party stalwart doesn’t understand the notion that his bank shouldn’t be allowed to gamble with his savings deposits if that bank wants the taxpayers to insure the deposits. The stupid — it’s beyond fathom.

We’re talking about society that has somehow managed to invent and somewhat embrace a Boss’s Day.

Meekly accepting our bowl of gruel is an American tradition.

7 The Ghost of a Flea  Wed, Jul 17, 2013 3:13:59pm

Jim Cramer Says Warren Didn’t Best CNBC Anchors: ‘She Had No Impact’

The always-wired Jim Cramer pushed back on Wednesday against the “weird strain of thought” that Sen. Elizabeth Warren (D-MA) bested his fellow CNBC anchors during a rcent appearance on the financial news network.

Derp.

8 Brother Holy Cruise Missile of Mild Acceptance  Wed, Jul 17, 2013 3:14:06pm

re: #1 Randall Gross

I don’t understand how even the most brain dead tea party stalwart doesn’t understand the notion that his bank shouldn’t be allowed to gamble with his savings deposits if that bank wants the taxpayers to insure the deposits. The stupid — it’s beyond fathom.

they have been groomed on a steady diet of Fox News, Rush Limbaugh and other corporate backed RW Media to bow before their corporate masters and accept their place as lowly serfs in the grand scheme of things.

9 elizajane  Wed, Jul 17, 2013 3:14:19pm

I don’t watch television so can somebody tell me who the blonde ditz is who asks Sen. Warren the first question? She looks like a live version of “Hooker Barbie.”
I never thought that a person with a British accent appearing in the context of an American TV show could manage to come off as so completely stupid. It is actually difficult to pay attention to what she is asking, because beneath the words, her appearance and facial non-expression keep saying “I’m trying out to be a porn star.”
Am I wrong? Who is this woman?
Perhaps it is just the contrast to the incredibly calm and sane Elizabeth Warren that makes her seem so creepy.

10 Kragar  Wed, Jul 17, 2013 3:15:24pm

Elizabeth Warren, proving once again what a bunch of no talent ass clowns the GOP senators really are.

11 HappyWarrior  Wed, Jul 17, 2013 3:16:17pm

She’s a good Senator. I like how she fights for the little guy.

12 NJDhockeyfan  Wed, Jul 17, 2013 3:17:14pm
13 darthstar  Wed, Jul 17, 2013 3:19:32pm

Facts…how do they work?

14 Kragar  Wed, Jul 17, 2013 3:22:29pm

re: #13 darthstar

Facts…how do they work?

I can’t find any in the Bible, so obviously they can’t be trusted.

15 darthstar  Wed, Jul 17, 2013 3:23:15pm

re: #14 Kragar

I can’t find any in the Bible, so obviously they can’t be trusted.

That’s right…there are no facts in the bible. There also is no mention of avocados, which is why I eat guacamole for Satan!

16 CuriousLurker  Wed, Jul 17, 2013 3:24:41pm
Elizabeth Warren for President. Seriously.

Seconded. I love her calm but relentless way of making her points.

17 Justanotherhuman  Wed, Jul 17, 2013 3:26:13pm

re: #9 elizajane

I don’t watch television so can somebody tell me who the blonde ditz is who asks Sen. Warren the first question? She looks like a live version of “Hooker Barbie.”
I never thought that a person with a British accent appearing in the context of an American TV show could manage to come off as so completely stupid. It is actually difficult to pay attention to what she is asking, because beneath the words, her appearance and facial non-expression keep saying “I’m trying out to be a porn star.”
Am I wrong? Who is this woman?
Perhaps it is just the contrast to the incredibly calm and sane Elizabeth Warren that makes her seem so creepy.

Probably Amanda Drury, an Australian: cnbc.com

18 AlexRogan  Wed, Jul 17, 2013 3:29:23pm

re: #7 The Ghost of a Flea

Jim Cramer Says Warren Didn’t Best CNBC Anchors: ‘She Had No Impact’

Derp.

The fact that Cramer is making such a Big Fucking Deal about saying that Warren didn’t best him means that she totally did best him.

Suck it up, Jim…

19 lawhawk  Wed, Jul 17, 2013 3:30:20pm

Oh Ann, you had to do something to outdo Rush, didn’t you.


As so many will point out, Trayvon Martin wasn’t committing any crime when he was walking home and Zimmerman initiated the incident that left Martin dead of a gunshot wound.

How exactly should someone avoid looking like a criminal when so many think that if you’re black or a minority or anyone out of the ordinary is presumed to be up to no good?

20 darthstar  Wed, Jul 17, 2013 3:30:52pm
21 Romantic Heretic  Wed, Jul 17, 2013 3:34:57pm

re: #5 Brother Holy Cruise Missile of Mild Acceptance

Sorry to go O/T like this cuz Elizabeth Warren rocks but…

BWAHAHAHAHAHAHAHAHA……*deep breath*……BWAHAHAHAHA

If there’s anybody that needs a really good orgasm it’s Rep. Bachmann.

22 Political Atheist  Wed, Jul 17, 2013 3:35:42pm

For all that definitions change over time and location-that is what I call financial conservatism. A careful approach designed to mitigate risk in a growth environment. Seriously the big banks must be broken up. They did it to AT&T they can do it to B of A.

23 HappyWarrior  Wed, Jul 17, 2013 3:36:32pm

re: #19 lawhawk

Oh Ann, you had to do something to outdo Rush, didn’t you.

[Embedded content]


As so many will point out, Trayvon Martin wasn’t committing any crime when he was walking home and Zimmerman initiated the incident that left Martin dead of a gunshot wound.

How exactly should someone avoid looking like a criminal when so many think that if you’re black or a minority or anyone out of the ordinary is presumed to be up to no good?

Fine if you don’t like being called a racist psychopath, Ann, well don’t be a racist psychopath. He wasn’t committing a crime when Zimmerman accosted him. Zimmerman thought he was and if Ann seriously thinks that’s reason enough to accost him then she’s even more fucked up than I thought.

24 AlexRogan  Wed, Jul 17, 2013 3:36:44pm

re: #6 erik_t

We’re talking about society that has somehow managed to invent and somewhat embrace a Boss’s Day.

Meekly accepting our bowl of gruel is an American tradition.

Nothing necessarily wrong with that, if you have a good boss; otherwise, just ignore it.

25 HappyWarrior  Wed, Jul 17, 2013 3:37:16pm

re: #21 Romantic Heretic

If there’s anybody that needs a really good orgasm it’s Rep. Bachmann.

This made my day, thank you.

26 AlexRogan  Wed, Jul 17, 2013 3:37:28pm

re: #21 Romantic Heretic

If there’s anybody that needs a really good orgasm it’s Rep. Bachmann.

I’d really hate to see Bachmann’s O-face…

27 Political Atheist  Wed, Jul 17, 2013 3:37:58pm

re: #12 NJDhockeyfan

[Embedded content]

Whoops-Had this attached to my #22.

But anyway NJD-That’s some subtle goodwin there.

28 Eclectic Cyborg  Wed, Jul 17, 2013 3:38:52pm

re: #19 lawhawk

Oh Ann, you had to do something to outdo Rush, didn’t you.

[Embedded content]


As so many will point out, Trayvon Martin wasn’t committing any crime when he was walking home and Zimmerman initiated the incident that left Martin dead of a gunshot wound.

How exactly should someone avoid looking like a criminal when so many think that if you’re black or a minority or anyone out of the ordinary is presumed to be up to no good?

Note: To people like Ann Coulter, being black means you look like a criminal.

29 GeneJockey  Wed, Jul 17, 2013 3:40:44pm

re: #26 AlexRogan

I’d really hate to see Bachmann’s O-face…

Here you go…

30 HappyWarrior  Wed, Jul 17, 2013 3:40:47pm

re: #28 Eclectic Cyborg

Note: To people like Ann Coulter, being black means you look like a criminal.

It does if you’re Ann Coulter.

31 EPR-radar  Wed, Jul 17, 2013 3:41:25pm

There’s some old advice to lawyers that runs like this:

When you have the facts on your side, argue the facts. When you have the law on your side, argue the law. When you have neither on your side, pound the table.

This interview was an excellent demonstration of Elizabeth Warren arguing a fact based case, and her opposite numbers pounding the table.

32 AlexRogan  Wed, Jul 17, 2013 3:46:11pm

re: #29 GeneJockey

Here you go…

*shivers*

33 darthstar  Wed, Jul 17, 2013 3:47:46pm

First Rolling Stone, and now this!!!

Image: cat-fancy-magazine.jpg

(I’m sure there’s an outrage in there somewhere…yes, Spanish!}

34 FemNaziBitch  Wed, Jul 17, 2013 3:48:34pm

Pet Food Recall

35 Hercules Grytpype-Thynneghazi  Wed, Jul 17, 2013 3:48:49pm

re: #23 HappyWarrior

Fine if you don’t like being called a racist psychopath, Ann, well don’t be a racist psychopath. He wasn’t committing a crime when Zimmerman accosted him. Zimmerman thought he was and if Ann seriously thinks that’s reason enough to accost him then she’s even more fucked up than I thought.

Not only is Ann more fucked up than you imagine, she’s more fucked up than you can imagine.

36 darthstar  Wed, Jul 17, 2013 3:48:52pm

re: #29 GeneJockey

Here you go…

So she’s leaving congress for a career in straight-to-dvd adult films?

37 FemNaziBitch  Wed, Jul 17, 2013 3:50:44pm

re: #36 darthstar

So she’s leaving congress for a career in straight-to-dvd adult films?

Mind-Bleach Warning —PLEASE!

38 engineer cat  Wed, Jul 17, 2013 3:51:40pm

the talking faces are way outta their depth there

are those supposed to be people who are well versed in economic issues???

39 AlexRogan  Wed, Jul 17, 2013 3:52:21pm

re: #22 Political Atheist

For all that definitions change over time and location-that is what I call financial conservatism. A careful approach designed to mitigate risk in a growth environment. Seriously the big banks must be broken up. They did it to AT&T they can do it to B of A.

The problem with that is, with deregulation over the past couple of decades, AT&T’s been reforming like the T-1000 from Terminator 2, so that strategy’s right out.

40 engineer cat  Wed, Jul 17, 2013 3:52:43pm

re: #33 darthstar

First Rolling Stone, and now this!!!

Image: cat-fancy-magazine.jpg

(I’m sure there’s an outrage in there somewhere…yes, Spanish!}

no pr0n at work plz!

41 FemNaziBitch  Wed, Jul 17, 2013 3:55:42pm

I see London, I see France —Now can we call the US?

42 EPR-radar  Wed, Jul 17, 2013 3:55:58pm

re: #39 AlexRogan

The problem with that is, with deregulation over the past couple of decades, AT&T’s been reforming like the T-1000 from Terminator 2, so that strategy’s right out.

US anti-trust law is a thoroughly moribund field. There are all sorts of laws and precedents on the books that are good for nothing except giving neurotically inclined Google executives material to work with.

43 FemNaziBitch  Wed, Jul 17, 2013 3:57:03pm

re: #38 engineer cat

the talking faces are way outta their depth there

are those supposed to be people who are well versed in economic issues???

I took me three months of research and old-fashioned highlighting and outlining to get a handle on the banking crisis.

I had a lot of catch-up to and back ground history to cover.

NO, the talking-heads have no idea of what they speak.

Sen Warren was spot on.

44 Vicious Babushka  Wed, Jul 17, 2013 3:58:46pm

GLENN: WHY DIDN’T THEY PUT SNOWDEN ON THE COVER, THEN IT WOULD BE ALL ABOUT MEE MEE MEE MEE MEE MEE!!!!
(We need a Glenn Greenwald font, the regular wingnut font doesn’t do justice)

45 engineer cat  Wed, Jul 17, 2013 3:59:01pm

re: #39 AlexRogan

The problem with that is, with deregulation over the past couple of decades, AT&T’s been reforming like the T-1000 from Terminator 2, so that strategy’s right out.

laws and prosecution can help by slowing things down for a while and cut out whole categories of wild and crazy abuse, but corporations eventually find a way to ooze around anything

46 engineer cat  Wed, Jul 17, 2013 4:03:53pm

re: #45 engineer cat

laws and prosecution can help by slowing things down for a while and cut out whole categories of wild and crazy abuse, but corporations eventually find a way to ooze around anything

…having said that, glass-steagal was probably one of the best examples of a law that really worked - for decades, banks were flat kept out of the high risk markets

47 darthstar  Wed, Jul 17, 2013 4:09:52pm

I watched that video last night…love Warren’s take down.

48 EPR-radar  Wed, Jul 17, 2013 4:09:54pm

re: #43 FemNaziBitch

I took me three months of research and old-fashioned highlighting and outlining to get a handle on the banking crisis.

I had a lot of catch-up to and back ground history to cover.

NO, the talking-heads have no idea of what they speak.

Sen Warren was spot on.

The top level story for banks seems very simple to me.

Banks need to be heavily regulated, or they run wild on speculation and create crises and bubbles with privatized profits and socialized losses.

By now, I’m sufficiently irritated with the whole situation that my preferred banking reform proposal would have two main elements:

1) Busts up the big ones to 5% of their present size or less. No single private institution (of any kind) can be allowed to get so big as to have its failure destabilize the rest of the system.

2) Any institution that is a bank (i.e., has insured depositors) should have an explicit list of transactions it is permitted to engage in. Anything not specifically authorized by law should be forbidden.

49 darthstar  Wed, Jul 17, 2013 4:11:05pm

See what I did with the “scare quotes” there?

50 Justanotherhuman  Wed, Jul 17, 2013 4:11:53pm

Oh, gawd. A former Huffer hired to co-host on the most insipid show on MSNBC.

Abby Huntsman named co-host of The Cycle on MSNBC tv.msnbc.com

I just hope she doesn’t constantly talk about “my dad.”

51 Joanne  Wed, Jul 17, 2013 4:15:03pm

re: #26 AlexRogan

I’d really hate to see Bachmann’s O-face…

She’s never had one. That’s the problem.

52 Joanne  Wed, Jul 17, 2013 4:16:09pm

re: #29 GeneJockey

Here you go…

Damn. That dog looks guuuud!

53 wrenchwench  Wed, Jul 17, 2013 4:18:22pm

Oh dear. A Cirque de Soleil performer died during a performance. You all probably already knew because it was over two weeks ago.

[…]

Producers suspended the production after Guillot-Guyard died on June 30 in a 90-foot fall during the show’s climactic battle scene.

Guillot-Guyard had been with the original cast of Ka since 2006. The aerial performer was a French citizen and mother of two who lived in Las Vegas and also ran a training program for kids called Cirquefit.

She was the first Cirque du Soleil performer to die in an onstage accident in the company’s 29-year history.

Cirque has cut the climactic scene that resulted in the death and replaced it with a “dressing-ritual” scene that it says maintains the story line of the production and its 90-minute length.

[…]

I suppose if it wasn’t dangerous it wouldn’t be so thrilling to watch.

54 FemNaziBitch  Wed, Jul 17, 2013 4:19:31pm

re: #48 EPR-radar

The top level story for banks seems very simple to me.

Banks need to be heavily regulated, or they run wild on speculation and create crises and bubbles with privatized profits and socialized losses.

By now, I’m sufficiently irritated with the whole situation that my preferred banking reform proposal would have two main elements:

1) Busts up the big ones to 5% of their present size or less. No single private institution (of any kind) can be allowed to get so big as to have its failure destabilize the rest of the system.

2) Any institution that is a bank (i.e., has insured depositors) should have an explicit list of transactions it is permitted to engage in. Anything not specifically authorized by law should be forbidden.

IIRC, a large part of the any banking system is TRUST. In old times, a rumor would spread and people would make a “run on the bank”, depleting cash reserves in an effort to get their money before the rumored closure of the bank.

Responsible banks keep enough cash on hand to handle expected daily transactions, the rest is invested in such a way to maintain cash reserves and show a profit in order to pay interest on said deposits and pay their employees and show a return to the stockholders.

When multiple banks were failing because of “runs”—several decided to create what they called a Clearing House. A “club” of banks that could pool their cash reserves to shore up a member bank if their was a “run.”

It worked better, but not well enough to insulate the banking system from the 1929 —So the Federal Government stepped-up and enacted Glass-Steagal. It worked very well for 50 years. Many bankers hated-it. They wanted to risk more and more of other people’s money for bigger returns.

Starting with Reagan? (Maybe Carter) The bankers started winning legislators over and slowly, methodically they eroded Glass-Steagal.

We know what happened.

55 Joanne  Wed, Jul 17, 2013 4:19:50pm

re: #34 FemNaziBitch

Pet Food Recall

Fuck. Premium brands, too.

I started buying only Canadian food made in Canada using Canadian ingredients. When I’m down to two or three kids (we have many old old dogs), everyone goes on people food. This whole thing with these supposed premium brands is infuriating. Top dollar to poison our beloved friends.

56 FemNaziBitch  Wed, Jul 17, 2013 4:20:27pm

re: #55 Joanne

Fuck. Premium brands, too.

I started buying only Canadian food made in Canada using Canadian ingredients. When I’m down to two or three kids (we have many old old dogs), everyone goes on people food. This whole thing with these supposed premium brands is infuriating. Top dollar to poison our beloved friends.

WE do both kibble and people raw.

The are our 4-legged compost piles.

57 Justanotherhuman  Wed, Jul 17, 2013 4:21:10pm

So—break up the big banks? It appears that small banks are still failing left and right, too, most being acquired, or their bones picked over, by other banks.

fdic.gov

It appears they weren’t too small to fail.

58 FemNaziBitch  Wed, Jul 17, 2013 4:23:14pm

re: #57 Justanotherhuman

So—break up the big banks? It appears that small banks are still failing left and right, too, most being acquired, or their bones picked over, by other banks.

fdic.gov

It appears they weren’t too small to fail.

There is a lot of talk about the need for a few big super-banks to handle the global economy. Small banks will still need to be affiliated in some way with large super-banks.

As I understand it, we need more types or amounts of currency. There just isn’t enough to handle our Brave New World.

I’m still undecided on all this as I haven’t digested it.

The Brave New World may really be too big for banking as we know it.

59 William Barnett-Lewis  Wed, Jul 17, 2013 4:23:56pm
I say it all the time and will now repeat… Elizabeth Warren for President. Seriously.

Sorry, but she’s just too valuable in the senate.

60 Joanne  Wed, Jul 17, 2013 4:24:49pm

re: #50 Justanotherhuman

Oh, gawd. A former Huffer hired to co-host on the most insipid show on MSNBC.

Abby Huntsman named co-host of The Cycle on MSNBC tv.msnbc.com

I just hope she doesn’t constantly talk about “my dad.”

I watched SE Cupp lie and lie and lie and none of her cohosts called her out. I found it infuriating. I don’t mind opposing opinions when they’re straight up. She’s full of shit.

We’ll see how this one is. I don’t have much hope.

61 HoosierHoops  Wed, Jul 17, 2013 4:25:09pm

re: #48 EPR-radar

1) Busts up the big ones to 5% of their present size or less.

What? Who the hell is going to fuel multi million dollar projects? Who is going to lend to the big boys and want-to-be big boys and thousands of Cities and start-ups? I guess I could lists hundreds of ventures that small banks can’t service. Big Banks aren’t evil per se..They just need to act morally responsible like every other big business.
If not, we have laws to punish them. I like that path..It is fair for all.
You know..Laws that say if you fuck up.. we Enron your ass..or you get the Rockefeller treatment..:)

62 NJDhockeyfan  Wed, Jul 17, 2013 4:25:14pm
63 Joanne  Wed, Jul 17, 2013 4:27:16pm

re: #56 FemNaziBitch

WE do both kibble and people raw.

The are our 4-legged compost piles.

I used to do BARF for years. I’m thinking I’m going back to that again.

64 FemNaziBitch  Wed, Jul 17, 2013 4:28:35pm
The postcrisis bad behavior — reckless trading at a JPMorgan Chase unit in London, the rampant mortgage modification and foreclosure abuses, manipulation of the key global interest rate benchmark — went just a tad too far. For the first time since the financial crisis, the banks are losing some battles on tougher regulation.

Last week, banking regulators, led by the Federal Deposit Insurance Corporation, but including the Federal Reserve and the Office of the Comptroller of the Currency, proposed a rule to raise the capital at the largest, most dangerous banks.
65 EPR-radar  Wed, Jul 17, 2013 4:32:20pm

re: #61 HoosierHoops

1) Busts up the big ones to 5% of their present size or less.

What? Who the hell is going to fuel multi million dollar projects? Who is going to lend to the big boys and want-to-be big boys and thousands of Cities and start-ups? I guess I could lists hundreds of ventures that small banks can’t service. Big Banks aren’t evil per se..They just need to act morally responsible like every other big business.
If not, we have laws to punish them. I like that path..It is fair for all.
You know..Laws that say if you fuck up.. we Enron your ass..or you get the Rockefeller treatment..:)

The counter-argument is also compelling. If a financial institution is so big that its failure would be a general catastrophe, then it is inevitable that it will be insured some way or another by government/society (i.e., it is too big to fail). This is a subsidy to the big bank that is presently being abused and inherently always will be abused.

In other words, I do not believe that any regulatory scheme can deal properly with an institution that is too big to fail.

Nationalization does not seem like a possibility.

IMO, there are no easy solutions. Breaking up the banks seems like the best of a bad lot to me.

66 FemNaziBitch  Wed, Jul 17, 2013 4:32:38pm

re: #61 HoosierHoops

They just need to act morally responsible like every other big business.

Herein lies the crux of the issue. Are they answerable to their depositors or the stockholders?

Or to the taxpayers as a whole?

67 AntonSirius  Wed, Jul 17, 2013 4:33:59pm

re: #9 elizajane

I never thought that a person with a British accent appearing in the context of an American TV show could manage to come off as so completely stupid.

Clearly you don’t watch Piers Morgan

68 EPR-radar  Wed, Jul 17, 2013 4:35:24pm

re: #66 FemNaziBitch

Herein lies the crux of the issue. Are they answerable to their depositors or the stockholders?

Or to the taxpayers as a whole?

In a bank that is too big to fail, there is an inherent conflict between the interests of bank ownership (which reaps the profits) and the taxpayers (who are on the hook to bail it out).

69 FemNaziBitch  Wed, Jul 17, 2013 4:35:54pm

re: #67 AntonSirius

Clearly you don’t watch Piers Morgan

It seems to be the new “style”.

Like magazine covers. Celebrity-du-jour sells magazines.

70 FemNaziBitch  Wed, Jul 17, 2013 4:37:30pm

re: #68 EPR-radar

In a bank that is too big to fail, there is an inherent conflict between the interests of bank ownership (which reaps the profits) and the taxpayers (who are on the hook to bail it out).

Exactly.

I think the answer may be in what is necessary to qualify for FDIC. I say that because it seems the only way to get people to change behavior is to limit insurance eligibility.

IIRC, drunk driving laws etc. We didn’t see a lot of change until it got difficult or financially nearly impossible to get auto insurance if one had a DUI.

71 Vicious Babushka  Wed, Jul 17, 2013 4:39:08pm

You know that McDonald’s budget, the one that everybody is making fun of?

The Blaze thinks it’s swell!

72 Justanotherhuman  Wed, Jul 17, 2013 4:40:49pm

re: #71 Vicious Babushka

You know that McDonald’s budget, the one that everybody is making fun of?

The Blaze thinks it’s swell!

Then let The Blaze live on it.

73 Joanne  Wed, Jul 17, 2013 4:40:57pm

re: #71 Vicious Babushka

You know that McDonald’s budget, the one that everybody is making fun of?

The Blaze thinks it’s swell!

Of course they do.

74 FemNaziBitch  Wed, Jul 17, 2013 4:41:27pm

Currently, IIRC, super-banks are de facto nationalized. Not necessarily in the we think of nationalization of business or industry.

Between depositors, mutual funds, other business investing in funds, retirement plans, etc, a very large part of the population has a stake in these banks. Not to mention the idea of large debtors being owners, in a sense.

I think we saw how diverse their ownership was when the derivatives market fell apart. The lines are so blurred.

75 HappyWarrior  Wed, Jul 17, 2013 4:42:23pm

re: #72 Justanotherhuman

Then let The Blaze live on it.

Seriously those who talk about getting rid of things like minimum wage, unemployment benefits, etc would be the first ones begging for it if such a situation befell them. It’s easy to live in your ivory tower and bitch about this kind of stuff and not have to actually live ti.

76 FemNaziBitch  Wed, Jul 17, 2013 4:43:14pm

re: #71 Vicious Babushka

You know that McDonald’s budget, the one that everybody is making fun of?

The Blaze thinks it’s swell!

I still wanna know who can get a reliable car for $150 a month. When I was working in the auto finance industry 20+ years ago, that was the low limit for a retail lease payment.

I didn’t see gas/maintence etc in that budget.

People are still believing that 1950 Heritage? study of what possessions one has that qualify them as middle class —a TV, a Refrigerator … .

77 otoc  Wed, Jul 17, 2013 4:44:58pm

She is my senator and continues to make me proud of my vote. She’s constantly sending emails out, this topic included. IMHO, she is taking a needed stand where there was congressional silence before.

78 EPR-radar  Wed, Jul 17, 2013 4:45:29pm

re: #70 FemNaziBitch

Exactly.

I think the answer may be in what is necessary to qualify for FDIC. I say that because it seems the only way to get people to change behavior is to limit insurance eligibility.

IIRC, drunk driving laws etc. We didn’t see a lot of change until it got difficult or financially nearly impossible to get auto insurance if one had a DUI.

The drunk driving analogy is probably a poor fit because a drunk driver does end up feeling the pain of his/her actions via lost license, insurance issue etc.

For the banks, their executives profit from fostering banking bubbles, and in general they have no personal risk. For a TBTF bank, the deal is even sweeter, because the public will bail out the bank itself.

79 GeneJockey  Wed, Jul 17, 2013 4:46:19pm

re: #61 HoosierHoops

Big Banks aren’t evil per se..They just need to act morally responsible like every other big business.

This made me laugh. Businesses are not moral entities. Their purpose is to make money for their owners. If they can make more money acting ‘immorally’, they will, or they’ll be outcompeted by another business that does. They cannot be expected to do anything which will make them less money on their own. They must be thoroughly regulated, and thoroughly inspected, and the regulations must be reviewed frequently because another aspect of businesses is that they will work assiduously to circumvent any regulation.

Businesses are neither evil nor good, because they’re tools. A rock, a knife, a gun, the Death Star - none of these is evil or good. It’s how you use them.

80 FemNaziBitch  Wed, Jul 17, 2013 4:47:32pm

re: #78 EPR-radar

The drunk driving analogy is probably a poor fit because a drunk driver does end up feeling the pain of his/her actions via lost license, insurance issue etc.

For the banks, their executives profit from fostering banking bubbles, and in general they have no personal risk. For a TBTF bank, the deal is even sweeter, because the public will bail out the bank itself.

Perhaps malpractice insurance for anyone that passes any of the various tests required —Series 7 etc. the CLU etc.

We have to see civil suits being brought by those who lost do to the crisis. Instead of getting a job in government or another high-level banking job, some of these guys should be sued as individuals.

JMHO

81 GeneJockey  Wed, Jul 17, 2013 4:47:59pm

re: #76 FemNaziBitch

I still wanna know who can get a reliable car for $150 a month. When I was working in the auto finance industry 20+ years ago, that was the low limit for a retail lease payment.

I didn’t see gas/maintence etc in that budget.

People are still believing that 1950 Heritage? study of what possessions one has that qualify them as middle class —a TV, a Refrigerator … .

Yeah, that was great - in order to be considered poor, you have to be poor by Third World standards. Didn’t we used to aspire to being the BEST?

82 ProTARDISLiberal  Wed, Jul 17, 2013 4:48:24pm

Hey, uh, how do I access a page that I made yesterday, and saved to drafts?

83 FemNaziBitch  Wed, Jul 17, 2013 4:48:52pm

re: #82 ProTARDISLiberal

Hey, uh, how do I access a page that I made yesterday, and saved to drafts?

should be on your dashboard.

84 Political Atheist  Wed, Jul 17, 2013 4:49:39pm

Since Charles tweeted Little Feat earlier I’ve been on a bit of a Little Feat jag here. Whilst I was reading through above I was listening to the opposite of an ear wurm, i call it an ear lift. I forgot how much I enjoy LF.
This little tune of theirs just seems perfect for this thread. Soundcloud does not have it so Spotify will have to do

This Land Is Your Land-Little Feat

BBL commute time

85 ProTARDISLiberal  Wed, Jul 17, 2013 4:49:47pm

re: #83 FemNaziBitch

Thank you!

And thank you all yesterday with your help on how to use insults.

86 EPR-radar  Wed, Jul 17, 2013 4:49:54pm

re: #79 GeneJockey

This made me laugh. Businesses are not moral entities. Their purpose is to make money for their owners. If they can make more money acting ‘immorally’, they will, or they’ll be outcompeted by another business that does. They cannot be expected to do anything which will make them less money on their own. They must be thoroughly regulated, and thoroughly inspected, and the regulations must be reviewed frequently because another aspect of businesses is that they will work assiduously to circumvent any regulation.

Businesses are neither evil nor good, because they’re tools. A rock, a knife, a gun, the Death Star - none of these is evil or good. It’s how you use them.

Such regulation may effectively be impossible. A democracy trying to regulate a TBTF financial institution is much like a school of tuna trying to control the appetite of a Great White with restraints made of dental floss.

87 jaunte  Wed, Jul 17, 2013 4:50:24pm
88 HoosierHoops  Wed, Jul 17, 2013 4:50:26pm

re: #68 EPR-radar

In a bank that is too big to fail, there is an inherent conflict between the interests of bank ownership (which reaps the profits) and the taxpayers (who are on the hook to bail it out).

Thus smart regulations prevent a too big to fail scenero. I don’t believe that big banks should have any interests in other big banks..There could be a thousand huge banks in America ( Which means our economy is rocking ) If a Big bank fails it will because of their own bad investments. It can not have it’s fingers in small or large banks as investment tools. It fails on it’s own and takes their share holders down with it. The only insurance would be for depositors up to 100 grand. Otherwise bye bye baby..No other big bank is effected and they would probably buy only the solvent articles and holdings of the failed bank. I know..I’m living in a dream world..

89 jaunte  Wed, Jul 17, 2013 4:51:02pm
90 EPR-radar  Wed, Jul 17, 2013 4:51:17pm

re: #80 FemNaziBitch

Perhaps malpractice insurance for anyone that passes any of the various tests required —Series 7 etc. the CLU etc.

We have to see civil suits being brought by those who lost do to the crisis. Instead of getting a job in government or another high-level banking job, some of these guys should be sued as individuals.

JMHO

I agree that personal immunity for the banking executives needs to be revisited.

91 FemNaziBitch  Wed, Jul 17, 2013 4:51:41pm

The newest legislative crisis in my in box.

I have to keep my focus.

There is so much one can get pissed-off about.

92 jaunte  Wed, Jul 17, 2013 4:51:46pm

I think he’ll be getting a lot of this one.

93 FemNaziBitch  Wed, Jul 17, 2013 4:52:26pm

re: #85 ProTARDISLiberal

Thank you!

And thank you all yesterday with your help on how to use insults.

Oh, I missed the insult advice thread. Which one was that?

94 AlexRogan  Wed, Jul 17, 2013 4:53:11pm

re: #89 jaunte

You support the Ten Commandments being displayed on public grounds. Do you support similar displays from other faiths? #askabbott

— Asshattery (@Asshattitude) July 17, 2013

No, no they don’t.

95 FemNaziBitch  Wed, Jul 17, 2013 4:53:45pm

re: #86 EPR-radar

Such regulation may effectively be impossible. A democracy trying to regulate a TBTF financial institution is much like a school of tuna trying to control the appetite of a Great White with restraints made of dental floss.

Ah, you see, it will have to be global regulation. These super-banks are trans-national.

Then we get to watch the wingnuts go Godwin over any effective proposals.

The banks have a win-win here and they know it.

96 EPR-radar  Wed, Jul 17, 2013 4:53:56pm

re: #88 HoosierHoops

Thus smart regulations prevent a too big to fail scenero. I don’t believe that big banks should have any interests in other big banks..There could be a thousand huge banks in America ( Which means our economy is rocking ) If a Big bank fails it will because of their own bad investments. It can not have it’s fingers in small or large banks as investment tools. It fails on it’s own and takes their share holders down with it. The only insurance would be for depositors up to 100 grand. Otherwise bye bye baby..No other big bank is effected and they would probably buy only the solvent articles and holdings of the failed bank. I know..I’m living in a dream world..

Fair enough. My starting point is that I’m assuming (reasonably, IMO) that the big US banks are presently too big to fail, and that the only way to get them out of being too big to fail is to break them up into much smaller pieces.

97 FemNaziBitch  Wed, Jul 17, 2013 4:54:21pm

bbl

98 engineer cat  Wed, Jul 17, 2013 4:55:08pm

re: #93 FemNaziBitch

Oh, I missed the insult advice thread. Which one was that?

it’s down the hall from the getting hit over the head advice thread

99 Joanne  Wed, Jul 17, 2013 4:57:40pm

Sharktopus on SyFy. Seriously??

100 ProTARDISLiberal  Wed, Jul 17, 2013 5:00:57pm

re: #98 engineer cat

Yesterday, when I asked about the rules of using SOB. Several people discouraged it, so I won’t.

101 Absalom, Absalom, Obdicut  Wed, Jul 17, 2013 5:02:12pm

re: #100 ProTARDISLiberal

Yesterday, when I asked about the rules of using SOB. Several people discouraged it, so I won’t.

Rules for using SOB:

Are you Lyndon Johnson or George Patton?

If no, don’t use SOB.

102 ProTARDISLiberal  Wed, Jul 17, 2013 5:04:09pm

re: #101 Absalom, Absalom, Obdicut

Yep. I got something else in store.

103 HoosierHoops  Wed, Jul 17, 2013 5:05:06pm

re: #79 GeneJockey

This made me laugh. Businesses are not moral entities. Their purpose is to make money for their owners. If they can make more money acting ‘immorally’, they will, or they’ll be outcompeted by another business that does. They cannot be expected to do anything which will make them less money on their own. They must be thoroughly regulated, and thoroughly inspected, and the regulations must be reviewed frequently because another aspect of businesses is that they will work assiduously to circumvent any regulation.

Businesses are neither evil nor good, because they’re tools. A rock, a knife, a gun, the Death Star - none of these is evil or good. It’s how you use them.

I think not my friend..Every year I spend 8 hours taking classes on acting morally in the business place. It covers everything from Sales and bribes, National laws and personal conduct ..Because we employees..We are the Company and our goal together is to be moral in all our transactions globally.. To be the very best and to be a model for the 21st Century Corporation. Morals are everything.
We are a top ten company in the world and voted twice in a row now as the best company to work for in Silicone Valley. We make lots and lots of money…But the important thing is who and what we stand for..And that includes morality.
It makes me proud to be a small cog of such a forward acting corporation. I’ve worked for some shit companies so it’s like a breathe of fresh air to work for such leadership.

104 efuseakay  Wed, Jul 17, 2013 5:07:23pm

re: #87 jaunte

[Embedded content]

Where’s you running mate Costello?

105 jaunte  Wed, Jul 17, 2013 5:07:52pm

re: #104 efuseakay

106 GeneJockey  Wed, Jul 17, 2013 5:12:15pm

re: #99 Joanne

Sharktopus on SyFy. Seriously??

Next up - Sharktopusnado!

107 GeneJockey  Wed, Jul 17, 2013 5:13:49pm

re: #103 HoosierHoops

I think not my friend..Every year I spend 8 hours taking classes on acting morally in the business place. It covers everything from Sales and bribes, National laws and personal conduct ..Because we employees..We are the Company and our goal together is to be moral in all our transactions globally.. To be the very best and to be a model for the 21st Century Corporation. Morals are everything.
We are a top ten company in the world and voted twice in a row now as the best company to work for in Silicone Valley. We make lots and lots of money…But the important thing is who and what we stand for..And that includes morality.
It makes me proud to be a small cog of such a forward acting corporation. I’ve worked for some shit companies so it’s like a breathe of fresh air to work for such leadership.

Individual people are moral entities. Businesses are not, any more than a hammer is a moral entity.

108 wheat-dogghazi  Wed, Jul 17, 2013 5:14:38pm

re: #106 GeneJockey

Followed by Sharktopusnadocane.

109 EPR-radar  Wed, Jul 17, 2013 5:16:02pm

re: #103 HoosierHoops

I think not my friend..Every year I spend 8 hours taking classes on acting morally in the business place. It covers everything from Sales and bribes, National laws and personal conduct ..Because we employees..We are the Company and our goal together is to be moral in all our transactions globally.. To be the very best and to be a model for the 21st Century Corporation. Morals are everything.
We are a top ten company in the world and voted twice in a row now as the best company to work for in Silicone Valley. We make lots and lots of money…But the important thing is who and what we stand for..And that includes morality.
It makes me proud to be a small cog of such a forward acting corporation. I’ve worked for some shit companies so it’s like a breathe of fresh air to work for such leadership.

Given the reports that have surfaced in the past few years about the behavior of banking executives, I think two points can be made:

1) What you describe appears to be an exception to the usual soulless corporate pursuit of profit at the expense of all else.

2) What you describe also cannot be coerced into existence by legislation. We need banking regulations that are not predicated on the assumption that banking executive are Saints that also happen to know how to run a bank.

110 GeneJockey  Wed, Jul 17, 2013 5:23:01pm

re: #108 wheat-dogghazi

Followed by Sharktopusnadocane.

Just when you thought it was safe to turn on the TV again….

111 Joanne  Wed, Jul 17, 2013 5:24:37pm
112 First As Tragedy, Then As Farce  Wed, Jul 17, 2013 5:24:49pm

Jim Cramer, ladies and gentlemen.

Youtube Video

113 Varek Raith  Wed, Jul 17, 2013 5:34:14pm

Jim’s right.
He and his crew weren’t bested.
They were wtfpwndbbqsauce.

114 Hercules Grytpype-Thynneghazi  Wed, Jul 17, 2013 5:38:53pm

re: #111 Joanne

[Embedded content]

To boldly go where satire has gone before.

115 Backwoods_Sleuth  Wed, Jul 17, 2013 6:31:43pm

re: #8 Brother Holy Cruise Missile of Mild Acceptance

they have been groomed on a steady diet of Fox News, Rush Limbaugh and other corporate backed RW Media to bow before their corporate masters and accept their place as lowly serfs in the grand scheme of things.

Thinking maybe Nuge and the Second Amendment peeps migh be a bit unhinged?
Just try to take away Hoverounds from the RW media consumers…

116 Backwoods_Sleuth  Wed, Jul 17, 2013 6:41:37pm

re: #44 Vicious Babushka

GLENN: WHY DIDN’T THEY PUT SNOWDEN ON THE COVER, THEN IT WOULD BE ALL ABOUT MEE MEE MEE MEE MEE MEE!!!!
(We need a Glenn Greenwald font, the regular wingnut font doesn’t do justice)

[Embedded content]

117 chadu  Thu, Jul 18, 2013 7:15:08am

Senator Warren gets all the updings!


This article has been archived.
Comments are closed.

Jump to top

Create a PageThis is the LGF Pages posting bookmarklet. To use it, drag this button to your browser's bookmark bar, and title it 'LGF Pages' (or whatever you like). Then browse to a site you want to post, select some text on the page to use for a quote, click the bookmarklet, and the Pages posting window will appear with the title, text, and any embedded video or audio files already filled in, ready to go.
Or... you can just click this button to open the Pages posting window right away.
Last updated: 2023-04-04 11:11 am PDT LGF User's Guide RSS Feeds

Help support Little Green Footballs!

Subscribe now for ad-free access!Register and sign in to a free LGF account before subscribing, and your ad-free access will be automatically enabled.

Donate with
PayPal Cash.app
Recent PagesClick to refresh
The Good Liars at Miami Trump Rally [VIDEO] Jason and Davram talk with Trump supporters about art, Mike Lindell, who is really president and more! SUPPORT US: herohero.co SEE THE GOOD LIARS LIVE!LOS ANGELES, CA squadup.com SUBSCRIBE TO OUR AUDIO PODCAST:Apple Podcasts: podcasts.apple.comSpotify: open.spotify.comJoin this channel to ...
teleskiguy
2 weeks ago
Views: 561 • Comments: 0 • Rating: 0