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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PT's picture

Government or no government, there will always be a bigger bully.

Element's picture

I don't believe a word Warren says ... snake in the grass

freewolf7's picture

Who else is publicly taking on the banks?

Element's picture

Bill Black for one, there are many ... and they don't work for the Fed

freewolf7's picture

So the reason she's publicly humiliating bankers and regulators is so that...

Element's picture

Comedians do that every night. But she is not going to do a thing that has not already been given the nod. She's a political animal, and a nice distraction, that leads nowhere.

The Thunder Child's picture

She could easily be controlled opposition but I don't know enough about her to make that call....

mc_LDN's picture

Bit conspiratorial. I dont give these guys enough organisational ability to give credence to claims like this.

Gene Parmesan's picture

She's not in anybody's pocket, except maybe Barry's, she's just a radical progressive. People on here hear her going after these people - which is commendable - but they have no idea who she is or what she stands for. We in Boston know her all too well. She is the definition of socialism.

The Thunder Child's picture

She is in Israel's pocket...

EDIT: A lot of downvotes for a factually correct statement, Hasbara in the house!!! I didn't downvote you Gene...

RaceToTheBottom's picture

"I didn't downvote you Gene..."

 

BooooHooo. we made a deal, i wouldn't down vote you and you wouldn't downvote me.....

 

Wait till my daddy gets home....

The Thunder Child's picture

You must practice on youtube that's the type of childish shit I read in the comments there...

Henry Hub's picture

***She is in Israel's pocket***

RED HERRING!

You can't get elected to the Senate unless you're in Israel's pocket!

But a least she's not in the bankster's pocket.

 

The Thunder Child's picture

The extent of infiltration, subjugation, control and propaganda this criminal enterprise has pulled off in the last 150 years leads me to question everything.

EDIT: Ok so I did 5 minutes of poking around on the internet and she is heavily connected to AIPAC and the Israel Lobby.

http://mondoweiss.net/2012/02/surprise-courageous-elizabeth-warren-is-cr...

http://mjayrosenberg.com/2012/05/06/elizabeth-warren-sells-out-to-aipac-...

http://www.huffingtonpost.com/2012/04/24/elizabeth-warren-iran-bob-kerre...

Looks like controlled opposition to me as well calling for war with Iran.

Element's picture

Yup, she's another Washington political puke.

Anyone expecting real banking system reform and renewal to come, via this woman, needs to get out of the clover bed.

We are talking full-scale toxic zombie financial terrorists, not little misdemeanors.

I can't believe some 'savvy' zh people (supposedly) are so silly/hopey as to still think reform in this area has has anything to do with what is going to happen in reality.

"Keep the dream alive!" - NASA

JustObserving's picture

Show me a politician in the US who is not owned by Israel.  The last politician to oppose war, Dennis Kucinich, had his district eliminated.  Ron Paul is the only other politician who comes to mind.

Politicians usually vote for war.  The Gulf of Tonkin incident never happened.  Yet 98 out of 100 senators voted for the resolution to go to war:

 

The Gulf of Tonkin Resolution (officially, the Southeast Asia Resolution, Public Law 88-408) was a joint resolution that the United States Congresspassed on August 7, 1964, in response to the Gulf of Tonkin Incident.

It is of historical significance because it gave U.S. President Lyndon B. Johnson authorization, without a formal declaration of war by Congress, for the use of "conventional'' military force in Southeast Asia. Specifically, the resolution authorized the President to do whatever necessary in order to assist "any member or protocol state of the Southeast Asia Collective Defense Treaty". This included involving armed forces.

It was opposed in the Senate only by Senators Wayne Morse (D-OR) and Ernest Gruening (D-AK). Senator Gruening objected to "sending our American boys into combat in a war in which we have no business, which is not our war, into which we have been misguidedly drawn, which is steadily being escalated".

http://en.wikipedia.org/wiki/Gulf_of_Tonkin_Resolution

 

 

GMadScientist's picture

I'm surprised their arrogance didn't lead them to include Northrup, Lockheed, General Dynamics, et al by name in the legislation.

 

The Proletariat's picture

Be careful...the new rules of the fight club might cause you problems if you speak badly about a certain nation that is on the eastern border of the mediterranean sea.

Element's picture

It already did, for "CompassionateFascist", looks like he's been axed. All his posts after about the time of the warning's issue, are now gone. I found this out this morning by realizing one of my own comments was missing, and all those above it as well, within the thread. But I had saved a backup of the thread, so I traced it back to his comment being where the cut had occurred. So I checked his recent posting history and all his comments, back to the 12th of May, were snipped. And everything under his comments, forward of that date, seem to be gone also. Hence my post was gone (even though it was about 10 comments below his in the thread).

Would be nice if they had just deleted the offending comment contents.

The Thunder Child's picture

They should change the avatar of the bannished to a little star of david and the comments to **deleted**.

NuckingFuts's picture

I missed the "warning'.  Does anyone have it to repost or know the thread it can be found on?  Thanks.

 

Henry Hub's picture

Shouldn't they give these guys a day or so to say goodbye. I mean it seems kind of cruel to just have them disappear into Internet vapor without a word. It's what it's going to be like being pick up by HLS and taken to a Fema camp.

Henry Hub's picture

It looks like CompassionateFascist last post was to me. It's kind if touching. Goodbye CF and donn't let the tribe hunt you down and distroy you.I think I'm going to get drunk!

NuckingFuts's picture

HH,

Where were these new 'rules' posted?  thanks.

Henry Hub's picture

On the home page, right hand column. "Notice on Racial Discrimination". Although this is not about racial discrimination per say but more about a particular ethnic-religious group

The Heart's picture

Good evening Element.

CF is gone? Say it ain't so. He really had some good light to offer.

Curious, what were his last words about that made them worthy of deletion if one may ask?

Looking at all these down votes, and then suddenly they stop. Either the Tyler is sealing the doors, or them crazy babylonians are using that multi-down voting computer program again. It was used over on the DP first. Now it may have made it to this forum along with a whole bunch of new folks working in shifts. Hummmm...sure has been an interesting ride so far. We would like to hope CF is still around.

Uncle Remus's picture

Would be nice if they had just deleted the offending comment contents.

 

There's that allusion problem.

PT's picture

Damn, and I've only just arrived.  I thought ZH was missing something and it was time to move on ( even though I am a compulsive ZH zombie ).  Once booted off, where do they go?  Will someone start up a new website for all those who leave here?  Where will I find it?

freewolf7's picture

I am seriously asking what motivation she has to take on these guys when NO ONE ELSE will. And I haven't junked you.

If she's more pathologically evil than what has been currently displayed, educate me. I love a good sociopath, but Holder and Obama are looking pretty standard fare.

Element's picture

I don't have a 'sound' case against her, you're a wolf, follow your instincts.

She's an academic lefty Washington politician come Federal Regulator who has done effectively nothing that I can see.

I don't believe a word she says.

Do you trust her implicitly for some reason?

Because of her achievements? Because of her media profile and sentiments?

Element's picture

Ha! just suck my schlong precious ones, I don't believe in your pet Washington politician  LOL

Henry Hub's picture

***Do you trust her implicitly for some reason?***

There are approximately 534 Senators and Congressmen (persons) none of which I "trust implicitly". Most of them I hold in complete contempt. Many of them we could easily create a 'sound' case against. Why single out Warren from the herd?

Element's picture

Wrong question.

Why accept her word on face value?

The onus is on her entirely, not on people to believe in her!

Inspector Bird's picture

If you can't figure that out, then you're really out of the game.

She's a politician.  She needs to expand her popularity.  Doing this makes her look like a 'good guy' to a wide variety of people, particularly those of you who aren't interested in looking deeply into what she's done or said in the past.  "OH, she's taking on the banksters, she must be just like me."  Only she probably isn't at all.

Read just a few of her ideas regarding student loans, housing, or even how people get wealthy (which Barack stole and used to generate some appeal in the last election as he saw his lead begin to fade).  Warren is a political HACK who will say whatever is necessary to keep herself in office and keep sheeple voting for her.

It benefits her to be one out of 100 that is willing to take on the banks, simply because it will get her PRESS.

GMadScientist's picture

"I am seriously asking what motivation she has to take on these guys"

Free populist PR.

Offthebeach's picture

President Warren, first Native American and female President. Besides, slapping banks around is as difficult as pushing Steven Hockings wheelchair down a elevator shaft. Not even leper whores, thieving fat short shifting leper whores are as low as banks. Liz Warren. 20 mill$, Harvard/Cambridge socialist.

( I'd like to apologize to lepers, whores and short shifters for associating them, in anyway, with banks. )

They trynna catch me ridin dirty's picture

You can slap them around, slap them with all the fines and regulations you want.  They love it, because the fines are a joke to them (they print their own money) and the regs benefit them because they themselves write them and have the $$$ to hire infinite compliance staff to comply with them.

Talk about ending the FED, on the other hand, and all the government/academica/media cockroaches crawl out of the woodwork and call you crazy.

Just one Ron Paul/Bernanke exchange is worth 1,000,000 Elizabeth Warren Marxist grandstands.

hmmtellmemore's picture

Rand Paul.  These two will meet in 2016.

Crtrvlt's picture

they should team up and finish this orchestrated 2 party system once and for all

LiberalConstitutionalist's picture

Rand Paul is a writhing, lying, snake. The self-serving, egomaniacal progeny of a great man of integrity, hell bent on riding the coat tails of an upstanding father into power. He has leveraged his father's good name to gain a foothold in politics, but he no better than any of the other partisan fanatics in Washington. 

Pure Evil's picture

Sadly, its starting to look that way.

Savyindallas's picture

Don't think so  -he's playing politics, no doubt. I think he's a potentially shrewd politician who is trying to do what's right by playing the political game -it remains to be seen whether he will be successful. His father was barely in double digits in the Republican party - he had not chance of winning. Rand knows the sheeple are ignorant and esily manipulated. I don't like his strategy, but it may be the only strategy that works. He's basically infiltrating the establishment. The good guys need a mole in the system. Don't give up on Rand yet -way too early to reach such a conclusion that he has sold out.

nc551's picture

As powerful as words are, it is actions that make the man.  Bush and Obama would have been decent presidents if they did half the stuff they campaigned on instead of doing the opposite once in office.  Rand has verbally broken character and it concerns me.  I would not care though if he got into office and actually did the right thing, no matter what he said before.

Temporalist's picture
The Death of Truth: Chris Hedges Interviews Julian Assange

"At least a dozen American governmental agencies, including the Pentagon, the FBI, the Army’s Criminal Investigative Department, the Department of Justice, the Office of the Director of National Intelligence, and the Diplomatic Security Service, are assigned to the WikiLeaks case, while the CIA and the Office of the Director of National Intelligence are assigned to track down WikiLeaks’ supposed breaches of security. The global assault—which saw Australia threaten to revoke Assange’s passport—is part of the terrifying metamorphosis of the “war on terror” into a wider war on civil liberties. It has become a hunt not for actual terrorists but a hunt for all those with the ability to expose the mounting crimes of the power elite. "

 

"The world has been turned upside down. The pestilence of corporate totalitarianism is spreading rapidly over the earth. The criminals have seized power. It is not, in the end, simply Assange or Manning they want. It is all who dare to defy the official narrative, to expose the big lie of the global corporate state. The persecution of Assange and Manning is the harbinger of what is to come, the rise of a bitter world where criminals in Brooks Brothers suits and gangsters in beribboned military uniforms—propped up by a vast internal and external security apparatus, a compliant press and a morally bankrupt political elite—monitor and crush those who dissent. Writers, artists, actors, journalists, scientists, intellectuals and workers will be forced to obey or thrown into bondage. I fear for Julian Assange. I fear for Bradley Manning. I fear for us all."

http://truth-out.org/news/item/16322-the-death-of-truth-chris-hedges-int...