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Elizabeth Warren Confronts Eric Holder, Ben Bernanke And Mary Jo White On Too-Big-To-Jail

Tyler Durden's picture




 

Submitted by Michael Krieger of Liberty Blitzkrieg blog,

Elizabeth Warren is one of the few Senators out there pushing to understand why the federal government has created an untouchable class of criminals in America that can do whatever they want whenever they want and, not only get away with it, but also get bailed out when they make mistakes.  In case you missed it, I highlighted a powerful video a few months ago in which she made regulators squirm when confronted on “too big to jail.”  Now she has written a letter to Ben Bernanke, Eric Holder and Mary Jo White.  My favorite line is:

“If large financial institutions can break the law and accumulate millions in profits and, if they get caught, settle by paying out of those profits, they do not have much incentive to follow the law.”

Indeed, which is why they don’t.  Full letter embedded below.

Warren Letter

 

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Wed, 05/15/2013 - 19:29 | 3567098 Troll Magnet
Troll Magnet's picture

She may be a socialist but I like her!

Wed, 05/15/2013 - 19:31 | 3567106 mjorden
mjorden's picture

Socialist? she is more for a true free market than any of these fuckers.

 

 

Wed, 05/15/2013 - 19:42 | 3567153 WhyDoesItHurtWh...
WhyDoesItHurtWhen iPee's picture

Regulatory Capture means just that, owning all the laws, game over.  This is the part in the game of Monopoly where all opposing pieces are off th board.

Wed, 05/15/2013 - 19:52 | 3567205 FinalCollapse
FinalCollapse's picture

Hang all guilty banksters, rape all their better looking wives, and sell their children into slavery. 

Wed, 05/15/2013 - 20:03 | 3567254 Spastica Rex
Spastica Rex's picture

Classy +1

Wed, 05/15/2013 - 21:03 | 3567433 chumbawamba
chumbawamba's picture

Hooray!  Elizabeth Warren is going to save us!  Until she doesn't.  Then on to the next savior du jure.  Lather/rinse/repeat.

When will the masses, you sleeping Messiahs, when will you finally awaken?

I am Chumbawamba.

Wed, 05/15/2013 - 21:22 | 3567487 espirit
espirit's picture

Kids,

don't get frothy, get even.

Wed, 05/15/2013 - 23:04 | 3567764 mkkby
mkkby's picture

Did anyone read the letter?  All she says is please respond to the question, have you CONDUCTED A SURVEY (LOL!) on whether a settlement or going to trial in CIVIL SUIT is best.  No mention of criminal charges.  No mention of follow up audits or inspections.  No mention of breaking up TBTF.

This is a miserable fail.

Wed, 05/15/2013 - 23:48 | 3567854 tsx500
tsx500's picture

i immediately stopped reading the letter at  " The Honorable ....(Eric Holder)"       VOMIT

Wed, 05/15/2013 - 23:56 | 3567877 ZerOhead
ZerOhead's picture

Looks like the bankers are going to have to pay her more than the other politicians just to shut her up...

Thu, 05/16/2013 - 00:42 | 3567945 AlaricBalth
AlaricBalth's picture

If you would like to tell Elizabeth Warren, or any other Senator, how you feel about the serious issues which challenge us each day, here is the complete internal US SENATE 113th CONGRESS SUITE AND TELEPHONE LIST.

It is Published by the Senate Sergeant at Arms / IT Support Services.

http://www.senate.gov/general/resources/pdf/senators_phone_list.pdf

I'm sure Jumpin' Joe Biden would love to hear the views of many a ZH'er.

.

Thu, 05/16/2013 - 01:20 | 3567985 Manthong
Manthong's picture

Unless I saw sustained suppressive fire from her (which I doubt), in my book she is just the fraternal twin of Bart Chilton.

Thu, 05/16/2013 - 03:25 | 3568064 Dr Benway
Dr Benway's picture

On this issue she seems right at least

Thu, 05/16/2013 - 06:09 | 3568143 GetZeeGold
GetZeeGold's picture

 

 

 

Just goes to show how insane all this has become.

 

I yield the rest of my time to the congressman's crying baby.

Thu, 05/16/2013 - 02:25 | 3568030 daedon
daedon's picture

Don't be so realistic.

Thu, 05/16/2013 - 00:48 | 3567966 SoCalBusted
SoCalBusted's picture

Actually no, I did not read the letter.  I was expecting a message via smoke signals that said she was going to scalp 'em.

Thu, 05/16/2013 - 07:09 | 3568204 New_Meat
New_Meat's picture

she is only able to use up to 1/32 the amount of smoke, and the "scalp" is only 1/32 of ben's beard.

no sweat, and no question why u missed it.

- Ned

Thu, 05/16/2013 - 11:34 | 3569263 IndyPat
IndyPat's picture

If she did so, I'd sign on the the dem party immediately.
I prefer the crooks get shot up the keister, "Buckwheats" style, but scalping has a certain appeal. What do you say we mix it up a bit. Hanging on Modays, Buckwheats Tuesday, Scalping Wednesday....

With NO rest for the Sabbath! Draw and Quarter that day...right on the Feds front steps.

Thu, 05/16/2013 - 05:43 | 3568132 BostonBill99
BostonBill99's picture

What do you expect for Liarwatha?  This woman is a disgrace to the Mass. electorate and an embarrassment to fellow politicians.  Move on.   Nothing to see here

Thu, 05/16/2013 - 07:00 | 3568194 topshelfstuff
topshelfstuff's picture

Reading your post, and thoroughly reading EW's Letter, word by word, leaves me with the impression that you are part of the machine. You brazenly state and imply her Quoted Words, and they are Not there. You said: """Did anyone read the letter?  All she says is please respond to the question, have you CONDUCTED A SURVEY (LOL!) on whether a settlement or going to trial in CIVIL SUIT is best""""

And nowhere is your accusation correct. You simply placed important words that are Not there, claim she said or wrote them. So Yes do read her letter and your all in CAPS Quotes of "CONDUCTED A SURVEY" and "to  trial in CIVIL SUIT", came Only from You, and can only come from a person who believes The People can so easily be fooled
Why did you do that here? rhetorical ... We're used to this tactic

Wed, 05/15/2013 - 23:11 | 3567769 spine001
spine001's picture

At least somebody that can't be just ignored can ask the same questions that I asked... If you carefully read the "this time is different" book with senator warrens question in mind you will realize that the only reason players say, but never actuallly believe the this time is different phrase is that they are  driven by the same set of incentives to break the law and pay a piece of the profits later only when and where they get caught...

Until next time,

Engineer

Thu, 05/16/2013 - 04:22 | 3568100 Helvetico
Helvetico's picture

It's du jour, you illiterate knuckle-dragger. You're the kind of dumbass who likes to order an "EX-presso" after he eats his pasta "al DAN-te." Your analysis of anything in written form is worth exactly dick.

Thu, 05/16/2013 - 05:01 | 3568123 Lebensphilosoph
Lebensphilosoph's picture

Dick ... right. What class.

Wed, 05/15/2013 - 20:59 | 3567423 azzhatter
azzhatter's picture

I would like to confront Holder with a baseball bat

Wed, 05/15/2013 - 21:02 | 3567430 PiltdownMan
PiltdownMan's picture

But Liz is perfectly happy screwing future generations with back breaking debt and raising the debt ceiling ... again.

http://confoundedinterest.wordpress.com/2013/05/15/u-s-treasury-suspends-slugs-to-avoid-debt-ceiling-breach/

She is such an awful hyopcrite.

Wed, 05/15/2013 - 21:51 | 3567557 Henry Hub
Henry Hub's picture

So let me get this straight. We have approximately 99 senators lining up to sell out the American people to Wall Street on a daily basis. But Elizabeth Warren, the only Senator willing to challenge these scumbags is the hypocrite. You have to be an incredible asshole!

Wed, 05/15/2013 - 22:33 | 3567633 GoinFawr
GoinFawr's picture

Brian: ...there's no pleasing some people.

Ex-Leper: That's just what Jesus said sir!

Wed, 05/15/2013 - 23:47 | 3567851 F. Bastiat
F. Bastiat's picture

She's not a hypocrite, she's a dyed-in-the-wool marxist and protege of the American Trotsky Cass Sunstein.

Be careful what you wish for.

Thu, 05/16/2013 - 01:01 | 3567974 MicroSecession
MicroSecession's picture

Elizabeth Warren, on the whole, is a know-nothing lefty.  However, I think that unlike others, she may actually believe in her positions and not be a sell-out.  We can often better work with true believers on the left rather than the sellouts on either side, because at least they still have a conscience and a moral compass.  She really is fairly stupid (she was recently comparing the federal reserve discount window to student loan rates and suggesting students go into more debt), but at least perhaps she is sincere and moral.  That would certainly be a step forward.

Thu, 05/16/2013 - 04:27 | 3568102 Helvetico
Helvetico's picture

By "know-nothing lefty," do you mean woman who is more academically accomplished, articulate and famous than you, but does not share your exact political opinions?

Thu, 05/16/2013 - 04:59 | 3568120 Lebensphilosoph
Lebensphilosoph's picture

And that demonstrates what other than her abiity parrot and pander to the establishment?

Thu, 05/16/2013 - 06:13 | 3568146 DrewJackson
DrewJackson's picture

Yeah but if she was a white male Christian would she have accomplished so much??

 

You are correct she is one of the most accomplished, articulate, and famous "Native American" ever to serve. 

 

We are blessed!

Thu, 05/16/2013 - 07:29 | 3568229 New_Meat
New_Meat's picture

"...would she have accomplished so much??"

She IS an accomplished box-checker!

- Ned

Thu, 05/16/2013 - 10:42 | 3568990 MicroSecession
MicroSecession's picture

Helvetico - did you read the rest of my post?  I gave specific reasons to call her a know-nothing lefty.  Specifically, she complains that students don't get the same rate as the federal reserve discount window.  To even compare these two rates is insanity - they have nothing to do with each other.  They exist for different purposes, have different repayment terms, are collateralized differently, and have different risk factors.  The fact that she thinks this is an apples-to-apples comparison means either (a) she's just a shill, or (b) she's stupid.  The posted letter indicates that she is not a shill, so I'm going with (b).  She shows herself to be a know-nothing lefty, but I don't think she has the totalitarian tendencies of the make-believe "liberals" (i.e. totalitarians who use freedom-oriented terms).  She wants freedom and justice, but just doesn't understand how the ideals of the left undermine those things.  Understandable. Totally wrong, but understandable.

Sat, 05/18/2013 - 19:39 | 3568274 PT
PT's picture

To those who don't like EW:  If you're in a hurry, skip the first six minutes.  If you skip any more, then you're not serious:

http://www.youtube.com/watch?v=akVL7QY0S8A&feature=related

This is the Elizabeth Warren I remember.  To crap on her is the equivalent of crapping on yourself.  Yes, I do worry about someone's soul once they get into politics.  I imagine it would be damn hard to protect your soul while anywhere near the white house without the help of some uzis or a nuke.  And I do doubt she can do much on her own.  Anyone out there gonna give her a hand?  Or do a better job?

Yes, she did invent the "You didn't build that" speech, many thanks to the poster who reminds us where Obama hijacked it from.  But prove her wrong.  Go and get rich all by yourself.  I imagine it would be sooo much easier than getting rich with so many annoying people around.  I'm not good at Geography, but I'm quite sure there are plenty of barren, lawless nations where any enterprising businessman could set himself up and become a success all by himself.

(Edit:  I just had another look at that other youtube video.  Apparently she swiped the "You didn't build that speech" from Professor George Lakoff.  I stand corrected.  You didn't say that ...)

Wed, 05/15/2013 - 22:12 | 3567624 ironsky
ironsky's picture

She's your crazy aunt.

Wed, 05/15/2013 - 22:14 | 3567629 RaceToTheBottom
RaceToTheBottom's picture

In case you have not realized it yet, future generations are already screwed.  We are talking about this generation doing something about it....  Neither party has reduced enough to change the inevitable.  As we spiral into the toilette bowl, it would be nice to bring a few of the causes into the sewers with us...

 

Thu, 05/16/2013 - 03:28 | 3568066 BeetleBailey
BeetleBailey's picture

Why waste the energy?

 

Pay a couple of homeless guys a McDonald's feast to take Holder out back and thrash the ever loving shit out of him.

 

...then have a dawg come along and piss on his carcass

 

Wed, 05/15/2013 - 22:35 | 3567692 thisandthat
thisandthat's picture

Most importantly, don't forget to steal their gold.

Wed, 05/15/2013 - 22:39 | 3567704 thisandthat
thisandthat's picture

Btw, their better looking wives have a name - it's called mistresses...

Wed, 05/15/2013 - 23:48 | 3567852 Schmuck Raker
Schmuck Raker's picture

Yeah, it's probably wiser to shoot their wives, and rape their horses.

Thu, 05/16/2013 - 01:34 | 3567996 Bunga Bunga
Bunga Bunga's picture

Better let them work in a Bangladesh garment factory.

Wed, 05/15/2013 - 19:43 | 3567156 Stoploss
Stoploss's picture

Ben's address reads '20th street and Constitution Ave'  LOL!!!

It needs to change to 20th street and Fuktha Constitution Ave.

 

That's much better.. Goes with the theme of things now.

Wed, 05/15/2013 - 21:53 | 3567565 yogibear
yogibear's picture

Good one!

Wed, 05/15/2013 - 19:44 | 3567161 Gene Parmesan
Gene Parmesan's picture

You have no idea what you're talking about.

http://www.youtube.com/watch?v=i-P-CoSNYaI

 

Wed, 05/15/2013 - 20:55 | 3567399 steelhead23
steelhead23's picture

She's right you know.  Nobody in this country got rich on his/her own!  WE gave them the money.  WE bought their stuff.  WE protected their interest.  If you don't enjoy the benefits of being in a modern industrial society, go get rich on a deserted island.

Wed, 05/15/2013 - 20:57 | 3567411 Gene Parmesan
Gene Parmesan's picture

Yes, of course, punish success. Because it's worked so well throughout history.

Wed, 05/15/2013 - 21:14 | 3567461 GoinFawr
GoinFawr's picture

No, it's: of course, punish assholery.

Because it's worked so well throughout history.

Yeah, it has, just ask Norway.

http://www.guardian.co.uk/news/datablog/2010/may/27/debt-deficit-oecd-co...

Wed, 05/15/2013 - 22:14 | 3567628 Graph
Graph's picture

See this treads? Country divided. And who is the winner?

Thu, 05/16/2013 - 04:07 | 3568089 Offthebeach
Offthebeach's picture

Norway?
Wealth, population it would be a ho-hum county in the US.
Maybe, Delaware.

Thu, 05/16/2013 - 11:44 | 3568821 GoinFawr
GoinFawr's picture

Contrary to popular indoctrination, success can be scalable.

And I was not aware that ho-hum Delaware's books were so far in the black as a result of fiscal conservatism. Can I get a citation?

Thu, 05/16/2013 - 04:18 | 3568095 akak
akak's picture

And here is GoinNowhere, again idiotically trotting out his one arguable example of the success of socialistic central planning, the tiny nation of Norway, which would be just Finland West were it not for a bountiful (but now largely exhausted) flow of petroleum wealth.  Yes, a one-time several decade gusher of wealth from natural resources can fund almost any ridiculously unsustainable welfare state ---- for a while.  But eventually, to paraphrase Margaret Thatcher, the trouble with socialism is that one eventually runs out of natural resource-derived money.

Thu, 05/16/2013 - 12:22 | 3568805 GoinFawr
GoinFawr's picture

Haw haw. And right on cue here is a kok, again inanely trotting out like he has the trots his sole insipid objection to any success that doesn't pump his nag: it always fails eventually.

The only thing largely exhausted is his envy-based non sequitur, because it sure as hell isn't Norway''s Sovereign wealth fund, and he knows it.

Pop Quiz kakky: Name the only gov't in North America to run 17 consecutive surplus budgets

Hint: It's another arguable example of the successes you stick your fingers in your ears and cry "I can't heeeeear youu" like a two year old about.

(IE examples of triumph in what are/were essentially mixed economies, which the 'kak and his fellow echochambermaidens constantly and deliberately mislabel 'russialistic commie pinkoism' or whatever; for to ring your Pavlovian bells)

And his paraphrasing the Iron Maiden is so choice, because it illustrates how in his fantastical universe of a priori private ownership he wallows in the delusion that that oil that they will run out of eventually has always been 'someone else's', and never the Norwegians' to do with as they wish.

He seems to be futiley labouring under the misapprehension Norway would have done so much better if only they had just let some foreign giant, cost-externalizing oil company extract it wholly unregulated and tax-free, instead of starting their own SOE.

Now if only he could find ONE example of that being the case....

<crickets>

Thu, 05/16/2013 - 14:23 | 3570106 akak
akak's picture

Did you toss anything meaningful into that woefully underdressed word salad?

Thu, 05/16/2013 - 15:26 | 3570278 GoinFawr
GoinFawr's picture

yep another set of challenges. Yet somehow all we're still getting from you on them is:

<crickets>

Wed, 05/15/2013 - 22:36 | 3567693 GMadScientist
GMadScientist's picture

Yes, of course, pretend that bailouts, insider trading, and outright theft are just the essential elements of 'success', and anyone who complains is just a poor loser.

Please show me how much 'punishment' GE, John Thain, Ken Lay, Angelo Mozillo, and the Mormon from Mammon are 'enduring' right now, I'd love to experience some schadenfreudge at their expense for a change.

Taking back a ridiculously tiny fraction of ill-gotten gains is far less 'punishment' than they deserve for wrecking the economy and being paid for the privilege, but there will always be sycophantic morons ready to line up and bleat in apology on their behalf because they are too fucking stupid to recognize their own stockholm sydrome symptoms.

Enjoy your bootlicking, simpleton.

Thu, 05/16/2013 - 06:27 | 3568156 Gene Parmesan
Gene Parmesan's picture

You're insane if you think she's only concerned with the ill-gotten riches. She wants broad scale wealth redistribution, just like the rest of her ilk. She is socialism, and she has proven that she's willing to bend and break the rules herself to get there. Wake up.

Thu, 05/16/2013 - 22:22 | 3571527 Deliverator
Deliverator's picture

...and your proof is what, exactly? References, please. Otherwise you're just talking sh-- like the rest of them.

Thu, 05/16/2013 - 00:59 | 3567972 Iwanttoknow
Iwanttoknow's picture

yes,successes like Enron,worldcom ....need I go On?

Wed, 05/15/2013 - 20:57 | 3567414 They trynna cat...
They trynna catch me ridin dirty's picture

So in other words, they have no right to complain when the federal government taxes 50% of their income to pay for military aid to Israel, Syrian "rebels," Obamacare, EBT cards for illegals, etc.?  Give me a break.  Take that Marxist trash to HuffPo.

Wed, 05/15/2013 - 21:06 | 3567451 James_Cole
James_Cole's picture
They trynna catch me ridin dirty

Been here three weeks and already telling people to leave. 

Wed, 05/15/2013 - 21:11 | 3567464 They trynna cat...
They trynna catch me ridin dirty's picture

Marxists have no credibility, period.

Wed, 05/15/2013 - 21:19 | 3567479 WhackoWarner
WhackoWarner's picture

I do not think that any US educated person (or few) even know what a Socialist. marxist, IS.  Let alone the understanding of Facism, Zionism, or say kleptocracy.

 

Sleep you sheep.

Wed, 05/15/2013 - 21:36 | 3567521 They trynna cat...
They trynna catch me ridin dirty's picture

Having read all whopping 40 pages of Marx's Manifesto, I think I have an idea.  And if you follow Eliabeth Warren's logic to its natural end, that's precisely where it leads.

Let me guess, are you one of those "HITLER AND STALIN WERE THE SAME THING!!" guys?

Wed, 05/15/2013 - 22:01 | 3567583 Henry Hub
Henry Hub's picture

***if you follow Eliabeth Warren's logic to its natural end,***

OK I get it, taking bankster scumbags to account is what? Oh I know it's Socialism/Marxist/Communism right bozo?

Wed, 05/15/2013 - 22:07 | 3567600 They trynna cat...
They trynna catch me ridin dirty's picture

She's not taking them to account, BECAUSE SHE NEVER GETS TO THE CRUX OF THE PROBLEM, WHICH IS THE FEDERAL RESERVE SYSTEM.

Wed, 05/15/2013 - 22:15 | 3567632 Pure Evil
Pure Evil's picture

Sorry, but ZH has done more to bring the bankster scumbags to account than that stupid media attention whore has ever done.

Wed, 05/15/2013 - 22:23 | 3567654 Henry Hub
Henry Hub's picture

I have to differ EVIL. A bunch of guys sitting in their underware at their computers is no match for someone demanding answers at a Senate hearing.

Wed, 05/15/2013 - 22:32 | 3567680 They trynna cat...
They trynna catch me ridin dirty's picture

Don't you understand, IT'S ALL FOR SHOW.  All she wants to do to 'solve the problem' is pass more regulations, raise taxes, grow government, i.e., TRASH.

 

There's nothing worse than a KEYNESIAN who then proposes socialist solutions to the problems that their own economic world view creates.

Thu, 05/16/2013 - 22:27 | 3571546 Deliverator
Deliverator's picture

Don't you understand, IT'S ALL FOR SHOW.  All she wants to do to 'solve the problem' is pass more regulations, raise taxes, grow government, i.e., TRASH.

It seems to me from this letter and from the recordings of the Senate hearings, she's after stricter ENFORCEMENT of EXISTING laws and regulations. Is that really so bad?

Wed, 05/15/2013 - 22:32 | 3567685 booboo
booboo's picture

Have you ever been witness any answers to her questions? What I want to hear just one time, just once is "OR ELSE! but you will NEVER EVERhear or see those words uttered by a congress puppet or senator slave.

Wed, 05/15/2013 - 22:46 | 3567722 GMadScientist
GMadScientist's picture

I'd say their a perfect match; each as ineffectual as the next.

Thu, 05/16/2013 - 00:20 | 3567924 Element
Element's picture

eeewww! turn down the truth dude! LOL

I'm pretty sure zh has done a whole lot more than that.

... and put a pant on!

Thu, 05/16/2013 - 02:11 | 3568021 Dealyer Turdin
Dealyer Turdin's picture

The underwear is because we're so Hot!  And furthermore, we're the pool of pirahnas under the news stories these assbaits have to swim through when ZH gets the AP grade cred.

  I would rather have these cats priming my smartphone during a high profile argument than O's teleprompter wizzies.  Top grade, can't smoke em if you can't get em.

wattever.

Thu, 05/16/2013 - 11:21 | 3569188 Helvetico
Helvetico's picture

Really? She has called for the complete elimination of private property? LOLOLOLOLOLOLOLOLOLOLOLOLOLOLOL. 

Americans: re-defining dumb since 1776.

Thu, 05/16/2013 - 04:13 | 3568092 Offthebeach
Offthebeach's picture

As if the socialists haven't had fatal discussions as to what is true socialism.

Thu, 05/16/2013 - 10:50 | 3569023 steelhead23
steelhead23's picture

Is that you, Mr. Trotsky?  Good God yes, Offthebeach, the intellectual internicine warfare amongst lefties is legion.  How else can one explain the success of the privatizers?

Thu, 05/16/2013 - 11:58 | 3569400 IndyPat
IndyPat's picture

Yeah, well. You may be right that many of them can't pin the right "ism" label to the corresponding asshole, but a lot are waking up and know its bullshit. That's at least 75%mof the battle. The rest is just follow through.
The key is helping them fully awaken and showing them what bears shit in what buckwheat.

Wow. I've used buckwheat in two contexts today. That should get me a cookie or something.

Wed, 05/15/2013 - 21:21 | 3567484 GoinFawr
GoinFawr's picture

and psuedo-meritocrats have even less.

Wed, 05/15/2013 - 21:23 | 3567490 nmewn
nmewn's picture

So a pick pocket has the same value to society as the baker?

Explain your version of merit.

Wed, 05/15/2013 - 21:57 | 3567545 GoinFawr
GoinFawr's picture

"So a pick pocket has the same value to society as the baker?"

What an idiotic question. Who knows? Is that all either of them do? Does the baker beat his wife and kids? Does the pickpocket only target self entitled meritocrats of convenience (assholes) and donate the lion's share to an orphanage?

In any case both the pickpocket and the baker ought to be equal before any just laws. That is what I mean by 'equality', and you seek to conflate with value; we've already been over why you seek do that a million times.

"Explain your version of merit."

What, Again?  Earn it.

Honestly, when it comes to you my interest level dropped well past zero long ago.

 

 

Thu, 05/16/2013 - 18:40 | 3571006 nmewn
nmewn's picture

"Honestly, when it comes to you my interest level dropped well past zero long ago."

And yet, you always respond ;-)

Thu, 05/16/2013 - 10:20 | 3567418 GoinFawr
GoinFawr's picture

 

"Hell, after all, is the too-late realization of interdependence."-Derrick Jensen.

Oh look, so far at least 6 intrepid superheroes who read my comment popped outta their mommas and hit the ground running.

Wed, 05/15/2013 - 20:59 | 3567422 Go Tribe
Go Tribe's picture

It's hard to argue that mega banks, protected and coddled by the regulators, or F500 companies, given tax breaks, regulatory breaks and subsidies, ever made it "on their own." They are in symbiotic relationship with our many governments and would ail without the support.

Wed, 05/15/2013 - 21:05 | 3567449 They trynna cat...
They trynna catch me ridin dirty's picture

The problem is that there is too much lobbying opportunity for these banks to use government power to their advantage.

The solution of Marxist dopes like Warren: grow government so as to create even more power to be lobbied for.

Brilliant!

Wed, 05/15/2013 - 22:09 | 3567592 GoinFawr
GoinFawr's picture

Oh yeah, and power simply hates a vacuum.  I mean, look at all the good financial deregulation has managed to achieve: the best gov'ts the banks could buy!

/sarc

Wed, 05/15/2013 - 22:10 | 3567618 They trynna cat...
They trynna catch me ridin dirty's picture

"Deregulation" means nothing if you're pumping in trillions of liquidity into the same banks you just deregulated.

Just as on the flipside, all the regulation in the world means nothing if you're pumping trillions of liquidity into the market and then trying to play whack-a-mole with bubbles created by your liquidity injections.

CENTRAL ECONOMIC PLANNING DOESN'T WORK.  ACCEPT IT.

Wed, 05/15/2013 - 22:36 | 3567670 GoinFawr
GoinFawr's picture

Nice back pedal/reversal/capitulation.

Of course central blah blah whatever doesn't work. Extremes seldom do. You know what does work though? I'll tell you: mixed economies. You know, balanced systems based on reality.

eg:

http://www.guardian.co.uk/news/datablog/2010/may/27/debt-deficit-oecd-co...

(Hint: look for the nations in the black)

Wed, 05/15/2013 - 22:37 | 3567695 They trynna cat...
They trynna catch me ridin dirty's picture

Yeah, because "reality" necessarily involves some committee of government bureaucrats deciding where to inject capital into the private sector?  Nonsense.  Outside of the Asian "infant industries" exception, it has never worked, and never will.

Wed, 05/15/2013 - 22:46 | 3567721 GoinFawr
GoinFawr's picture

....er, you really need to take a closer look at that link.  And I'll pass on the strawman, thanks.

Wed, 05/15/2013 - 22:56 | 3567742 GMadScientist
GMadScientist's picture

Norway (petroleum lottery winner) and Korea (not known for their socialism outside of subsidized broadband).

It's also easy to make your deficit a smaller portion of GDP by inflating the denominator through counting public services. ;)

Wed, 05/15/2013 - 22:59 | 3567748 They trynna cat...
They trynna catch me ridin dirty's picture

Korea's economy is hardly free market, with the chaebol (Samsung, Hyundai, LG, etc.) having received MASSIVE government subsidies and protection for decades under the "infant industries" doctrine (the one exception where central economic planning can work).

Wed, 05/15/2013 - 23:24 | 3567806 GMadScientist
GMadScientist's picture

Fascists, no doubt, but socialism is on the other size of the DMZ.

Wed, 05/15/2013 - 23:16 | 3567773 GoinFawr
GoinFawr's picture

Norway isn't the only country that won a 'resource lottery', but certainly they are one of the few that took advantage of it for the majority of their people, rather than giving most (by far) of the benefits away to a handful of international plutocrats.

It's also much easier to remain a sovereign nation that can write its own destiny (make its own laws), and pay for essential services like world class healthcare with an 800 billion Krone Sovereign wealth fund; while other nations deliberately and unconscionably debt enslave to foreign interests all foreseeable generations of their populations.

Wed, 05/15/2013 - 23:29 | 3567813 GMadScientist
GMadScientist's picture

This was the same wealth fund that took a bath on PIIGS bonds, right? HAHAHA!

I wish I had a government crony of my own to make such important decisions with my sovereign wealth.

 

Thu, 05/16/2013 - 00:11 | 3567831 GoinFawr
GoinFawr's picture

That's kinda my point: if you aren't in Norway you see little if any of the benefits of that wealth at all.

So if it doesn't go parabolic up forever that proves the private sector always does better?

Maybe you think Norway should let GS handle the account?

Yeah, that was one helluva a crappy play, but so what; last time I checked the fund was still standing at hundreds of billions measured in USD. A sovereignty buffer like that isn't exactly commonplace these days.

I wonder, considering Norwegian foreign policy(?) if they felt obligated to take one for the team, being fellow europeans and all? Total conjecture of course, but that seems more likely to create goodwill towards a wealthy neighbour than spending it on troops to send in to bootfuck women and children on behalf of companies that want to extract (below cost) what's left of the struggling nations' resources... JMHO, natch.

Thu, 05/16/2013 - 12:17 | 3569508 IndyPat
IndyPat's picture

Your rapid cycling between truth and bullshit is really something.
A red down here and green up there. Hoping you'll soon fly straight. You're so close.

Thu, 05/16/2013 - 12:33 | 3569584 GoinFawr
GoinFawr's picture

Hahaha! Thanks? I'm not so arrogant to expect to please everyone all the time.

I base my bs (conjecture) on the facts as I perceive them.

And your hubris that you're already 'there' requires some support:

enlighten me as to what I'm so close.

Thu, 05/16/2013 - 12:41 | 3569628 IndyPat
IndyPat's picture

I suppose it's your tendency that... When in doubt, defer to the state, human nature be damned. That, and you'll refer to WHO stats as something we should all aspire to.
I've no doubt Norway has great healthcare. It's enough to say that...maybe even site some data saying that Norwegians dig it for the most part. But to say one part or the state really likes another part of it is masterbaiting.

Thu, 05/16/2013 - 14:31 | 3570124 GoinFawr
GoinFawr's picture

No, it's not 'when in doubt', it's 'when it's reasonable', it only seems that way  to you because there is so very much blind anitpathy towards absolutely anything successful that results from people getting together and making what are, for the most part, voluntary decisions expressed though a fair, transparent state operated agent. 

I understand the sentiment of distrust towards such institutions prevalent here; most ZH'ers are under the thumb of a plutocracy that is neither transparent, nor remotely voluntary or fair, but barely attempts to masquerade as all of them at once. Not to mention the conditioning they are subjected to from birth that encourages them to polarize any issue, no matter how trivial, or distracting (eg. gay marriage)

This system employs the rhetoric of the ideal, yet practices a facist opposite. But because the unending indoctrination has managed through repitition to co opt the semantics, reflexes kick in on key words, regardless of their actual meaning. And so these populations, rabidly chasing the 'me first and the gimme gimme' lifestyle'  they have been trained to pursue and respect, are easily divided and conquered (or, alternately whipped into a fearful frenzy) by false threats to their 'freedoms'. Even if they are already essentially slaves. In fact they are innately aware of their slavery, but deny it out of tortured desperation, and look to blame anything handy for it. Guess who stands ready with the scapegoats...

Whereas the people of Norway don't seem to give two shits about the labels, and so have managed to strike a largely accepted (by them) balance between the absolutes the ideal represent; as decency and reality dictate.

I don't agree at all with your implication that to organise and compromise is contrary to human nature. It is part of the essence of it, equally important to our success as a species as our inherent spirit of competition. We are as much interdependent social beings as we are individuals; just throw someone who has been in solitary confinement for six months into an office party situation, and you'll see what I mean right smartly. And if you've ever seen the size of the predators that used to roam around 50,000 years ago when we were smaller, and armed with nothing but pointed sticks.... this tendency to seek companionship still serves the same crucial purposes today, as does our desire to be unique. We are hard wired for both.  But to deny one or the other impulse is unnatural, and results in the sick, twisted self serving sneering bastard meritocrats of convenience that infest ZH (because they have allowed half of what is best about humanity to be stripped from them in pursuit of an imaginary state of absolutely unconditional 'liberty')

"...maybe even site some data saying that Norwegians dig it for the most part"

But the WHO compiles stats from health care professionals and patients everywhere, it's their business... you would prefer anecdotes? The problem with that is it is just as simple to find a site with anecdotes that say the exact opposite. Can we trust no expert, ever?

On state sponsored coercion: this is where the other side of the 'voluntary, for the most part' comes in. The fact is that some individuals are born without consciences, others have had them stripped from them one way or another. These people have to be coerced to behave, as they constantly seek to destroy decency. So, unless you think the world would be a better place where everyone (including them) gets to decide whether or not someone 'needed killin' I'm afraid that even in the most free societies there is going to be required state sponsored force monitored by diligent civil oversight.

I mean, even most die hard libertarians will concede that they expect the state to uphold their private property rights, damned 'statists'.

Thu, 05/16/2013 - 14:43 | 3570185 akak
akak's picture

Did you say something?

All I gleaned from a reading of Chapter #454 of your verbal diarrhea was "State good, free market bad.  Coercion good, voluntary association bad." 

You consistently fail to realize that the essence of governmental action and control, EVERYWHERE AND ALWAYS, is force and coercion.  I don't give a flying fuck if you believe that by some twisted personal measure of your own that it "works". 

Coercion as an organizing principle of society is NEVER efficient, and never justified.  Period.

Thu, 05/16/2013 - 15:03 | 3570259 GoinFawr
GoinFawr's picture

"All I gleaned from a reading of Chapter #454 of your verbal diarrhea was "State good, free market bad.  Coercion good, voluntary association bad."

That's ok okok. I was replying to Indypat, but feel free to jump right in, arms all akimbo. English is tough as a second language? Try reading it again, and pay attention to the actual words this time, as opposed to focusing all your hate on who wrote them.

Thu, 05/16/2013 - 00:06 | 3567899 Uncle Remus
Uncle Remus's picture

What exactly is "world class healthcare"? And who determines it is a "service", much less essential?

Thu, 05/16/2013 - 11:13 | 3567955 GoinFawr
GoinFawr's picture

Regarding Norway?

As far a the WHO is concerned healthcare in Norway is in the top ten at a cost per capita far less than the US.

Norwegians determine that it is an essential service.

NEXT

Thu, 05/16/2013 - 12:08 | 3569461 Uncle Remus
Uncle Remus's picture

Regarding anywhere.

Good for the Norwegians. I'm not Norwegian, nor do I live in Norway.

MY point is who determines what world class healthcare is? Seems an awful lot of people want everyone else to offset their respective medical costs and the taxpayer get stuck footing the bill for some nebulous "world class healthcare".

Bullshit.

People can't afford healthcare BECAUSE of insurance and sick-care for profit. Don't mistake my "for profit" slam as support for socialized medicine, it is not. Bottom line, Obamacare is the use of force by the state to extract healthcare dollars from young healthy people that otherwise would likely not spend money on "insurance" or any other healthcare that wasn't necessary. THAT is, at best, a tangential matter to exorbitant medical costs.

Fucking socialists.

 

Thu, 05/16/2013 - 12:59 | 3569713 GoinFawr
GoinFawr's picture

"Good for the Norwegians. I'm not Norwegian, nor do I live in Norway."

Interesting, I hear that sort of 'I'm the centre of the universe and any ideas that do not emanate directly from my perspective are foreign and to be discounted without due consideration'  all the time.

My point is: It's a big world out there, honest. Good ideas can come from almost anywhere, just like the bad ones.

"MY point is who determines what world class healthcare is"

I used the WHO's standard, which I consider expert. Perhaps you have a better gauge to measure healthcare by?

"Bottom line, Obamacare is the use of force by the state to extract healthcare dollars from young healthy people that otherwise would likely not spend money on "insurance" or any other healthcare that wasn't necessary"

Oh I get it: you're an invincible; born not only wholly independent but prepared for every exigency. Congratulations.

Don't try to conflate Obamacare with the Norwegian health care system, they aren't the same thing by a country mile, and not just because one is so much more cost effective than the other. Bullshit indeud.

Fucking useful idiots.

Thu, 05/16/2013 - 13:50 | 3569928 Uncle Remus
Uncle Remus's picture

Seriously, that's your flaccid rebuttal?

Where did I say the Norwegian solution was a bad idea?

So, from your perspective WHO is an expert on what constitutes any class of healthcare for the whole planet. Well, that's just wonderful.

"Oh I get it: you're an invincible; born not only wholly independent but prepared for every exigency. Congratulations." This is the same bullshit as conflating smaller government and lower taxes with no running water, paved roads, police and fire departments.

I'm a small business owner of extremely modest means with my share of ailments befitting my age group. I will die, that is a given. To think that it is OK to extort money from a younger healthy generation to throw good money after bad to feed the vanity and mortality denial of the Boomer generation (of which I am a member) is beyond the pale. Big Medicine sees this opportunity to pull demand forward while the pulling AND money is good.

Healthcare ("world class" or otherwise) is first and foremost a conscious and considered choice by a society, not by the threat of prison and most assuredly not by some pompous fuck with no skin in the game, either in Congress or some PhDouche on the other side of the world. I don't know much about Norway's solution, but I'd guess it was a conscious and considered choice by an educated society that knew going in the costs and benefits. The US had to pass the goddamn bill first to find out what was in it.

Put something on the table that isn't rife with corruption, favoritism, special exceptions, especially Congress, doesn't benefit one class at the expense of another and isn't just a corporate welfare in disguise and we might have something to talk about. But then, we're still faced with the conscious consideration, something that has alluded the American voter for a few generations it seems.

Until then, you're just a fucking useless socialist idiot.

Thu, 05/16/2013 - 15:38 | 3570221 GoinFawr
GoinFawr's picture

"Where did I say the Norwegian solution was a bad idea?"

Glad to hear you think Norway's healthcare delivery system is such a good idea. I admit I didn't get that impression at all from your previous vehement screed (or this last one, for that matter). Silly me. Also, how is it not something I've 'put on the table'? Did I say I supported Obamacare? No, I advised you not to confuse it with Norway's system.

"So, from your perspective WHO is an expert on what constitutes any class of healthcare for the whole planet. Well, that's just wonderful"

I'll ask again: any better suggestion for reference to a standard?  You seem to think doctorates are handed out like candy in the medical professions. Please point me in the direction of an expert you will trust. 

"This is the same bullshit as conflating smaller government and lower taxes with no running water, paved roads, police and fire departments." 

Now it's my turn: Where did I say that? The only gov't in North America to successfully run 17  consecutive surplus budgets introduced single payer health care to its population, the very model Norway adopted, and you apparently like so much.

Thu, 05/16/2013 - 22:45 | 3571632 Deliverator
Deliverator's picture

So... the investigation and prosecution of frauds perpetrated by coroporations falls under the umbrella of 'growing government' in your mind?

Wed, 05/15/2013 - 21:18 | 3567477 rhinoblitzing
rhinoblitzing's picture

Having a new idea to make the world a better place, creating jobs, and literally risking life and fortune; is not the same as being voted CEO of a publicly traded company and being compensated 10,000 times the average employee that is being downsized to produce quarterly earnings that ensure a bigger bonus.

The small business owner and entrepreneur must have an incentive and be entitled to harvest the fruits of the hard labor and risk they take. Something an employee, or public servant will never know.

Its easy to sign the back of a check - try to imagine signing the front of the payroll checks and all that that implies.

Wed, 05/15/2013 - 23:34 | 3567824 GMadScientist
GMadScientist's picture

Owners do not create jobs. DEMAND does, and nothing else.

Try doing all the labor yourself, if signing that check is sooooo hard.

Thu, 05/16/2013 - 02:41 | 3568038 Dealyer Turdin
Dealyer Turdin's picture

In trades, skills create demand, proximity creates demand, employees create disasters, headaches, and hecka profits if you can keep the show on the road.  Most owners are so psychologically different from their employees, anyone with experience with both doesn't ever wonder who is who.  And, owners, are up against a state that needs to suck every fluid they can get without putting the owners on life-support.  Also known as a parasite, last I checked. 

   Demand is there, but it is based on fixed income, and tight budgets.  Tradesmen are trying to keep nest egg sized structures viable using backwards-compatible methodologies.  When you see Homeowner's associations interfaced with rotting buildings, insurance companies, and building codes, demand, is more like whimper.  Trust me on this.

Thu, 05/16/2013 - 12:22 | 3569529 Uncle Remus
Uncle Remus's picture

In trades, demand creates the need for people with skills. You can have mad skills, but if no one is buying...

"Most owners are so psychologically different from their employees" - It's called "skin in the game", and I agree. The other side of that in the buidling trades is small business owners that don't always bid jobs based on how their employees would perfom, owners bid based on how they would perform. I made a damn good living providing objective estimating services to that very niche. Not only did they get a more realistic labor estimate in dollars, they also got one in man-hours, which further enabled better management of the project and provided a metric to help assess employee efficiency.

Thu, 05/16/2013 - 00:12 | 3567907 roadlust
roadlust's picture

The truth hurts people's dogmas so much.  This country would be almost literally in the Stone Age right now without the MASSIVE "socialist" US governmet intervention of the last several years.  The bubble would have taken our "free markets" with it. 

And anybody who has sucked serious money out of the American economic system in the years since has been handed welfare for the rich from the US government (i.e., us, taxpayers) to perpetuate the myth that American "free market" economics is actually a "free" market, and that it's the safest, most effcient economic system in the world. 

It is "safe" only because of the American people, in the form of their government.  And the income, or "profits," that have been "created" since 2008 is simply free (or almost free) money from the citizens of the US. 

God forbid they should want some of their kid's money back now in taxes from the people whose priveledge and money the bailout was designed to protect.

Thu, 05/16/2013 - 00:41 | 3567939 Element
Element's picture

 

 

" ... This country would be almost literally in the Stone Age right now without the MASSIVE "socialist" US governmet intervention of the last several years.  The bubble would have taken our "free markets" with it. ..."

Pure unadulterated rubbish!

 Not so at all.

Firstly, 'free-markets' ARE gone sport - and due to that!

Now, look at US GDP, 1929 thru 1935.

Banks died by the thousands, debts in them were written-down/wiped-out, people suddenly were free of crushing debts, and they wanted stuff again. Demand exploded, employment shot up, and GDP started a very rapid rise, from a very low base. Only 15 years later the US was the top-dog on earth, with a frenetic and highly-mobilized economy.

Sat, 05/18/2013 - 09:56 | 3575613 PT
PT's picture

Or, a similar argument:  I hear that Steve Jobs started in his parent's garage.  The next generation won't have a parent's garage to start in.

Wed, 05/15/2013 - 19:54 | 3567195 hmmtellmemore
hmmtellmemore's picture

http://cdn.front.moveon.org/wp-content/uploads/2011/09/Warren-MAIN.jpg

 

She is as Socialist as an American can get.  So far down the spectrum to be near politicians in France?  LOL No.  She's an American, get real.  Even on the Socialist end of the scale in the US could be considered Free market in some European nations.  Don't forget guys, the US has a love of freedom that really does set us apart.  Don't let this site let you forget that of all the nations out there, we are basically the most freedom loving.  Do we love it enough?  No.  But compared to most other nations, we are downright anarchic.

Wed, 05/15/2013 - 20:14 | 3567292 Seize Mars
Seize Mars's picture

hmmtellmemore

Are you delusional?

Wed, 05/15/2013 - 20:23 | 3567316 James_Cole
James_Cole's picture

Don't let this site let you forget that of all the nations out there, we are basically the most freedom loving.  Do we love it enough?  No.  But compared to most other nations, we are downright anarchic.

lol

Wed, 05/15/2013 - 20:49 | 3567383 LiberalConstitu...
LiberalConstitutionalist's picture

Since when did subversive fascism in the form of Team Red Vs. Team Blue media reporting become anarchic?

Wed, 05/15/2013 - 21:07 | 3567453 KickIce
KickIce's picture

You might be correct on the freedom part, problem isthe majority of Americans haven't realized how much freedom they've lost - and won't until it is to late.  Even those that are waking up have not realized the core role central banks and the Fed have played in causing our misery.

Wed, 05/15/2013 - 21:24 | 3567492 WhackoWarner
WhackoWarner's picture

utter nonsense.

 

Complete and utter nonsense.

 

Take one little peek at the health of the societies in say Sweden? Norway?  Take a peek at Iceland who took a very unreported path. Take a look at Switzerland, which is probably the only "direct democracy"..Show me one of these countries that allows elections to run up billion dollar donation bills from special interests that have only one desire.

 

Complete and utter ignorant nonsense.

Wed, 05/15/2013 - 22:11 | 3567605 rustymason
rustymason's picture

But the U.S. has a very different history, form of government, geography, and is a very non-homogenous multiculti society now, so we cannot run our country like other, smaller countries.

Wed, 05/15/2013 - 22:57 | 3567744 GMadScientist
GMadScientist's picture

Right. That's why we all rose up in opposition to the Patriot Act and it was reversed within weeks.

Oh, wait...

Sat, 05/18/2013 - 12:11 | 3575834 PT
PT's picture

I think you need to read that jpg again, and again, and again.  "God bless!  Keep a big hunk of it.  But a part of the social contract ..."  - "Keep a big hunk of it".  Take the blinders off.  Is she 100% socialist or 10% socialist?  Sure you could build your own roads, hire your own police force etc but which business school teaches that you should do everything yourself?  Aren't you supposed to focus on your strengths and outsource your weaknesses?

This is what Elizabeth Warren also said:
http://www.youtube.com/watch?v=akVL7QY0S8A&feature=related

Wed, 05/15/2013 - 19:52 | 3567203 lolmao500
lolmao500's picture

Yeah she's so free market, she wants to give 0% loans to students so that the student loan government inflated bubble becomes even bigger. Real free market.

Wed, 05/15/2013 - 20:33 | 3567351 Peter Pan
Peter Pan's picture

Zero rate loans to students is a massive misdirection of funds but then again so are the zero rates given to bankers.

Wed, 05/15/2013 - 20:38 | 3567366 Crtrvlt
Crtrvlt's picture

Indeed or maybe her argument is that if these banks can borrow at the current "market" rates, whatever that even means anymore, of 0% and inflate the bubble even more by lending it out at 7% +, leading to the bubble crashing harder, then so should they. The banks should not be profiting on this at the expense of everyone nor should the govt be involved in the first place. jesus What a circle jerk.

Wed, 05/15/2013 - 22:17 | 3567635 Henry Hub
Henry Hub's picture

***she wants to give 0% loans to students***

 

Zero percent loans to students. You have to be kidding! That is so Communistic. We all know that only the TBTF scumbag banksters should get loans at zero percent.

Wed, 05/15/2013 - 23:03 | 3567760 GMadScientist
GMadScientist's picture

Yeah, it's so much better to spend 3X that amount putting them in jail or sending them into combat in real-far-away-istan instead.

 

 

Wed, 05/15/2013 - 19:58 | 3567231 tmosley
tmosley's picture

You could probably say the same of Mao.

 

Wed, 05/15/2013 - 22:17 | 3567638 F. Bastiat
F. Bastiat's picture

The lady is a dyed-in-the-wool marxist and protege of today's Trotsky - Cass Sunstein.

Be careful what you wish for, you might just get "Nudged" into it.

Wed, 05/15/2013 - 23:06 | 3567771 MeatGrinder
MeatGrinder's picture

You mean Elizabeth “Pocahontas” Warren? It’s okay for her to game the system, but she’ll put her foot down when anyone else does. Typical commie cunt.

Wed, 05/15/2013 - 23:48 | 3567853 F. Bastiat
F. Bastiat's picture

No question.

Wed, 05/15/2013 - 19:38 | 3567132 pbppbp
pbppbp's picture

Get it straight. Unless by socialist you mean she demands fairness and does not tolerate the idea that any bank is too big to fail, you need to think before you write. 

Wed, 05/15/2013 - 19:48 | 3567177 Gene Parmesan
Gene Parmesan's picture

This latest piece of news isn't what makes her a socialist, it's her worldview that does.

Wed, 05/15/2013 - 20:58 | 3567419 LiberalConstitu...
LiberalConstitutionalist's picture

GEEENNNNEEEE!!!! You get me everytime!

Wed, 05/15/2013 - 22:24 | 3567658 RaceToTheBottom
RaceToTheBottom's picture

Worldview?????  Is that the "intellectual" way of saying like us or someone I would like to have a beer with????

Thu, 05/16/2013 - 01:44 | 3568008 imbtween
imbtween's picture

give me her worldview over anybody else's anyday, insects.

Wed, 05/15/2013 - 19:56 | 3567219 hmmtellmemore
hmmtellmemore's picture

Demanding fairness and equality is a hallmark of Socialism.

Perhaps she will advocate nationalising a failing bank, Fannie Mae style... then I guess you'd have to eat your words, huh?

Wed, 05/15/2013 - 23:05 | 3567765 GMadScientist
GMadScientist's picture

Fairness with respect to application of the law? (or do you prefer the best kind money can buy?)

Equality of opportunity? (or is a level-playing field too threatening for you stalwarts of 'competition'?)

Thu, 05/16/2013 - 05:04 | 3568124 Lebensphilosoph
Lebensphilosoph's picture

Neither one exists or can exist. What she wants is to force people to behave as she believes they ought to. That is the essence of every 'ism'.

Sat, 05/18/2013 - 10:06 | 3575631 PT
PT's picture

If you've already paid for the bank, then why shouldn't you own it?????  ('cos only Socialists own what they buy??? WTF???  Yes, it would be better just to let the banks fail, but if you're gonna bail them out then you own them, plus you own all those empty houses... )  First thing on the agenda, sack the fuckers in charge of the bank - TBTF should not apply to the people that drive the TBTF bank into the ground.  Out here in the real world, people get sacked for a hell of a lot less.  Maybe hire someone who knows a little mathematics, like, if you earn 14 grand per year then you really can't afford to repay 50 grand per year.

Wed, 05/15/2013 - 22:09 | 3567609 Inspector Bird
Inspector Bird's picture

She's a socialist all right, and I don't like her.

Being right about one thing does NOT make her right about anything else.  Yes, all these people should be jailed, and forced to follow the law.  But in her mixed-up, nutty world, the government not only sets the laws, but controls all economic levers of power to the point that only politicians like HER stay out of jail when they break the law.

Sorry, not buying her game.  I like the sentiment, but fail to see her walking the walk.  After all, isn't she a Native American?  Ahem....

She's a politician, ergo a criminal.

Wed, 05/15/2013 - 22:17 | 3567637 smartstrike
smartstrike's picture

.

Thu, 05/16/2013 - 06:19 | 3568148 Room 101
Room 101's picture

You misunderstand the agenda.  She hints at it indirectly in her letter by noting that you get more in the way of negotiated settlements when you have a series of prosecutions under your belt, that represent a credible threat to those you're attempting to negotiate with. 

I think this is a more or less honest reflection of her worldview.   She will no doubt be negotiating for a higher price than her colleagues by establishes herself as a more credible threat.  

Wed, 05/15/2013 - 19:30 | 3567102 LawsofPhysics
LawsofPhysics's picture

A true patriot, wish she had balls and a military to back her up, gentlemen...

Wed, 05/15/2013 - 19:59 | 3567235 JustObserving
JustObserving's picture

She has more balls than the rest of the senate.  Probably, more intelligence and integrity too.  

Wed, 05/15/2013 - 20:59 | 3567420 jimmytorpedo
jimmytorpedo's picture

Joseph Mengele did some really interesting things.

He had balls and integrity and intelligence too.

Cheering for the least evil is still evil folks.

Get with the effing program.

ALL gov't is violence.

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