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Four TBTF Banks Threaten To Withhold Funds To Democrats Over Elizabeth Warren's Wall Street Rants
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
Having already proven that their institutions are above the law in the aftermath of the financial crisis, executives at the “Too Big to Fail and Jail” banks have decided it’s time to teach Senate Democrats a lesson. Not being content with trillions in taxpayer backed bailouts to protect and further consolidate virtually all wealth within their oligarch fiefdoms, these bankers are irate at the notion that a commoner would dare criticize their unassailable crony privilege.
However, the worst part of this story, is that while Warren is harsher than most of her completely bought and paid for colleagues, she is still pretty meek when it comes to the big bank oligopoly. In her most misguided position, she doesn’t even support an audit of the largest organized crime institution operating within these United States, the Federal Reserve. Oh and for those of you who will claim the Fed is already audited, think again. Read: The Fed Impedes GAO Audits by Destroying Source Documents.
Thus it seems even Warren’s meager push for reform is simply too much for the thin skinned bailout baby banks to handle. From The Hill:
Four major banks are threatening to withhold campaign donations to Senate Democrats in anger over Sen. Elizabeth Warren’s (D-Mass.) attacks on Wall Street.
Representatives from financial powerhouses Citigroup, JPMorgan, Goldman Sachs and Bank of America recently met in Washington and discussed the growing hostility towards big business within the Democratic ranks, according to a Reuters report Friday.
Bank officials cited Warren and Senate Banking Committee ranking member Sherrod Brown (Ohio) as the two main lawmakers leading the charge against them. But the banks have not agreed on how to respond together, with each firm making its own decision on donations, Reuters reported.
Naturally, leading the charge is the biggest financial welfare recipient, monstrosity of them all: Citigroup.
Citigroup representatives said their firm is already withholding donations to the Democratic Senatorial Campaign Committee (DSCC) to avoid boosting Warren and other progressives critical of Wall Street.
JPMorgan, meanwhile, has so far given Democrats only a third of its annual contribution. Sources there said company representatives have urged Democrats to soften their attacks on the financial sector. The bank has typically donated one lump sum in past years.
Yves Smith at Naked Capitalism had some interesting thoughts on the matter:
As much as the Warren attack might not seem like much of a victory, it’s important to understand what she and the other bank opponents are achieving. The banks count on the public not understanding and not caring about the more arcane aspects of finance, and furthermore assuming that bank reform is settled. On the political front, the power of the financiers doesn’t lie simply with their lavish campaign donations; it also lies in the perception that opposing them is a political death sentence.
The Administration (remember that Obama is still very much the party leader) again got too clever by half. It decided to exploit Warren as a major fundraiser. But that gave her an independent power base. And given the carnage in the Congressional midterms, the wisdom of following Democratic party dictates isn’t looking too hot for individual Congresscritters, unless they hail from conservative districts. The public is waking up to the party’s limousine liberalism, and voters who care about economic fairness are increasingly staying home on election days.
What Wall Street wants is one hundred Chucky Schumers in the Senate. To see what I mean, simply read this very interesting article published by the New York Times in 2008 titled: A Champion of Wall Street Reaps Benefits. Here are some choice excerpts to give you an idea of exactly what a good Wall Street lackey looks like:
WASHINGTON — As the financial crisis jolted the nation in September, Senator Charles E. Schumer was consumed. He traded telephone calls with bankers, then became one of the first officials to promote a Wall Street bailout. He spent hours in closed-door briefings and a weekend helping Congressional leaders nail down details of the $700 billion rescue package.
The next day, Mr. Schumer appeared at a breakfast fund-raiser in Midtown Manhattan for Senate Democrats. Addressing Henry R. Kravis, the buyout billionaire, and about 20 other finance industry executives, he warned that a bailout would be a hard sell on Capitol Hill. Then he offered some reassurance: The businessmen could count on the Democrats to help steer the nation through the financial turmoil.
“We are not going to be a bunch of crazy, anti-business liberals,” one executive said, summarizing Mr. Schumer’s remarks. “We are going to be effective, moderate advocates for sound economic policies, good responsible stewards you can trust.”
The message clearly resonated. The next week, executives at firms represented at the breakfast sent in more than $135,000 in campaign donations.
But Mr. Schumer, a member of the Banking and Finance Committees, repeatedly took other steps to protect industry players from government oversight and tougher rules, a review of his record shows. Over the years, he has also helped save financial institutions billions of dollars in higher taxes or fees.
He succeeded in limiting efforts to regulate credit-rating agencies, for example, sponsored legislation that cut fees paid by Wall Street firms to finance government oversight, pushed to allow banks to have lower capital reserves and called for the revision of regulations to make corporations’ balance sheets more transparent.
While Mr. Schumer has taken some pro-consumer stances, his critics fault him for tilting too far toward Wall Street in balancing his responsibilities.
“He is serving the parochial interest of a very small group of financial people, bankers, investment bankers, fund managers, private equity firms, rather than serving the general public,” said John C. Bogle, the founder and former chairman of the Vanguard Group, the giant mutual fund house. “It has hurt the American investor first and the average American taxpayer.”
Mr. Schumer became a magnet for campaign donations from wealthy industry executives, including Jamie Dimon, now the chief executive of JPMorgan Chase; John J. Mack, the chief executive at Morgan Stanley; and Charles O. Prince III, the former chief executive of Citigroup. And he was not at all reluctant to ask them for more.
As a result, he has collected over his career more in campaign contributions from the securities and investment industry than any of his peers in Congress, with the exception of Senator John F. Kerry of Massachusetts, the Democratic nominee for president in 2004, according to the Center for Responsive Politics, which analyzed federal data. (By 2005, Mr. Schumer had so much cash in reserve that he shut down his fund-raising efforts.)
Lee A. Pickard, a lawyer representing clients including the Bank of New York, whose employees have been significant donors to Mr. Schumer and other Senate Democrats, turned to Mr. Schumer last year to successfully beat back a regulatory initiative by the Securities and Exchange Commission. “If you get Chuck Schumer on your side, you are O.K.,” he said.
Richard Y. Roberts, a former S.E.C. commissioner, said the amendment Mr. Schumer won was troubling, adding that it could block the S.E.C. from punishing a credit-rating agency that consistently issued unreliable ratings.
Sean J. Egan, managing director of a small Pennsylvania agency, Egan-Jones Ratings, and a proponent of the tougher regulations, was more blunt. “The bill was eviscerated,” he said. “You have stripped away basic safeguards for the investors.”
At times in Congress, Mr. Schumer has teamed up with Republicans, like former Senator Phil Gramm of Texas, who aggressively promoted a free-market agenda. Mr. Schumer pushed for the Gramm-Leach-Bliley law, passed in November 1999, which knocked down the walls between investment banks and commercial banks and allowed financial supermarkets to flourish. The law also weakened regulatory oversight by fracturing it among different agencies.
In 2001, Mr. Schumer and Mr. Gramm jointly proposed legislation that would cut fees paid by Wall Street firms and others to the S.E.C. in half, or by $14 billion, over the coming decade. Their proposal included some extra money for salaries of commission employees.
Mr. Schumer’s argument prevailed, and the fee cut passed overwhelmingly.
“He built his career in large part based on his ties to Wall Street,” said Christopher Whalen, managing director of Institutional Risk Analytics, which advises investors on the regulatory system. “And he has given the Street what it wanted.”
And he is seeking some regulatory concessions for some Wall Street supporters. He has proposed, for example, that the government lift a cap on how big the giant banks can get, an issue important to institutions like JPMorgan Chase. Lifting the cap would allow the biggest banks to absorb weaker ones, but it would also limit competition and increase the risks to the financial system posed by failure of one of the giants.
Wow, this guy is even more shameless than I thought.
Mr. Schumer is also calling for the adoption of European-style regulations that impose far fewer rules and instead require banks to meet certain performance standards, a system institutions generally prefer but some banking experts criticize as not rigorous enough.
In recent weeks, Mr. Schumer has listened to Wall Street leaders for advice on what should come next. At a dinner at Morgan Stanley’s headquarters the night before the presidential election, John Mack, the chief executive, and a dozen top hedge fund officials talked with Mr. Schumer about possible changes affecting their industry.
Read that again. In late 2008, as the U.S. economy was on fire, Chucky Schumer was busy asking the arsonists what to do next. Needless to say, they got what they wanted.
It now becomes crystal clear why Schumer is the likely successor to Harry Reid as the Democratic leader in the Senate. He’s been a very loyal puppy dog to Wall Street.
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Ha, now we get to see what Democrats put on the knee pads....
Warren is against auditing the Fed.
Controlled opposition.
She also got her teaching positions by claiming to be Native American - although when challenged she couldn't produce any evidence of this.
A perfect reformer. Fueled with the b.s. of her opponents.
Lots of flack.
Sounds like she is right over the target.
But she is a liberal's liberal.
So never mind.
The Senators & Congress people all have their little pet projects that they champion for. They are told we'll support your cause if you just go along with what we tell you to do. In the end, nothing changes.
It's all a passion play and this sounds good but I'd advise going back to Obozo's first campaign and look what he said and what he really did when elected, then look at where Warren's contributions are really coming from....
The more I like what Liz Warren says, the firmer I believe that she is simply an anti-Hillary device set deeply within the political complex.
Commence Operation Shitting Bull. We are going to make Lizzie look like the enemy of Wall Street so we can run her for President.
Note where Lizzie made her fortune. Always follow the money.
Why don't we just get a friggin bonafide Team Tribe(tm) in the WH and get this charade over with once and for all. Scrap the Congress charade, heck why waiste Wall St. money...maybe it would "trickle down" to us peons faster. We could then let him/her rule by decree and then maybe we could let Hollywood go back to entertainining us instead of propaganda. I mean there could be an upside or two.
The more I listen to what Warren says, the more I am reminded how 55% were duped by Obama saying almost exactly the same things 7 years ago. The "anti-Wall Street" candidate. LOL! The packaging worked for Obama so why not re-use the same wrapper?
We Gruber'd some folks.
It's all Kabuki Theater....
There, fixed it for ya.
Chuck "Fuck Flyover USA" Schumer is an extreme Israeli-firster Prime Minister of Manhattan, with the map of Israel on his face, whose loyalties run deep & true to:
1) Tel Aviv
and
2) Wall Street/TBTF Banks
{In Schumer tone of voice} "Get to work, Goyim."
See you on the front lines of World War Zio, Chuck.
Aw chuck u Chuck
Chuck Chuck bo buck. Banana Fana fo....
...oh nevermind.
Chucky Cheese managed to leap ahead of Dick Durban because Durban is a centrist, occasionally sane, is actually from Illinois unlike Barry Hussein, and of course, not a Jew.
Well, Truth (though your name doesn't mean you're actually interested in the truth), I hate to burst your bigoted bubble but Schumer isn't Jewish.
"Mr. Schumer is also calling for the adoption of European-style regulations that impose far fewer rules and instead require banks to meet certain performance standards, a system institutions generally prefer but some banking experts criticize as not rigorous enough."
I could live with that if we simultaneously took away all of their safety nets. No TARP, no QE. It would be better than having them make the rules and own the regulators. Hell, even if they owned the regulators, the problem would take care of itself if they had no taxpayer screwing backstops.
"I could live with that if we simultaneously took away all of their safety nets. No TARP, no QE. "
Exactly.
Pull the FDIC deposit insurance ( originally implemented specifically to protect the US Postal Savings System ) and every other loss socialization mechanism.
Let these private institutions manage themselves prudently or go bust -just like everyone else in the game...
Chuck is the slimyest ass kisser in the Senate.
What a sellout pro.
The trouble with that is they will "tell" you there is no TARP, QE, or bailouts.
Exactly correct. There never was one in 2008 until they needed it. There will never be another one . . . unless TPTB feel like they really need it again.
She's playing hard to get. No worries, she will be laying down in no time.
pods
Nonsense. This is just more scripted Kabuki theater, designed to suggest that the banksters and the rest of the deep state are at the mercy of the people's elected representatives. At the end of the day, Lieawatha looks like she maintains a degree of independence from corporate interests, and still fills her war chest with their money. Same shit, different day.
"big business" They think they are a fucking business. Now that is fucking funny.
Big business .... the biggest businesses are not businessess .... they're governments and their monopolies .... everything else is peanuts .... how much more do you socialists want .... you already have the pregnant hippopotamus' share ?
I believe Pinto Currency calls it right with "controlled opposition" --- what we've seen endlessly over and over again.
Warren also represented a trust set up by an asbestos company, and claimed she was representing the victims? Perhaps so, it is difficult to ascertain whether she represented the company, or reallly on behalf of the victims.
BUT -- she voted for Reagan twice, voted for G.H.W. Bush twice, is a late-in-life dem, only switching in the late 1990s --- so call me hyper-suspicious.
I vote either Green party or Socialist Alternative --- no way I'm voting for the Bankster Party (dem wing) ever again, and I've certainly never voted for their R-con wing.
Elizabeth Warren is all about the charade, but at least the democrats still think it's nessasary to "pander to the masses", the GOP destroyed all "populist" thinkers and dessenters years and years ago!!
We live in a one party system, where only who you fuck and if you can abort a baby, are argued about like its public policy!! Everything else is off the table and completely agreed upon by our oligarch masters!!
But hey, it's feels so fucking good in the matrix, all the drugs you need and plenty of sports and entertainment distractions for all, how could we want anything more!
"Now get to work Old Yellen!!"
Feeling a little angry today, are we WB7? ;)
Keep up the great work!
where there is photoshop there is hope...
Pull the f.....g trigger you f......g f.g
'Push the button Max'
This is great for the republicans! It means maybe they will control the entire government for the first time in awhile and of course they'll restore trust, confidence and morality in ways the democrats never would. No doubt they will audit the fed and maybe even repeal the federal reserve act. They will repeal the 16th amendment and reign in government spending. They will put a halt to a foreign policy run amok with duplicity. They will reduce the military-industrial complex and see to it that fewer Americans are drawn into senseless conflicts. I for one am thrilled that the larger financial institutions are weaning the democrats off the teat because now they will channel more of their money toward those that will actually do something about the nations problems and do so with integrity.
</sarcasm> (in case you were wondering)
p.s. - I normally don't upvote myself but I threw up a little in my own mouth typing that so I deserve at least one.
U funny ! Nice plan on paper ... in practice ... no way it works without lead...
Well, it is what we already all know: Elections and Government of USSA always for sale to the high bidder.
Exterminate Bribers
Exterminate Corrupters
Exterminate Vermin
Pimps be gettin' pissed at the ho's.
So she hit a nerve, huh? Me thinks they doth protest too much!
Well that escalated quickly.
<duplicate>
Every so often you get to see who the real puppets for the banks are...
at this point, the printing by the bankers/financiers and the lack of accountability in CONgress only assures the death of fiat.
tick tock motherfuckers...
There is nothing to reform here, the faster this shit goes down the drain the better. At this point I am just cheering on, "Jump you Fuckers!"
Chuck Schumer is a fucking traitor.
Chuck Schumer: One man stampede to any available microphone.
pods
At first, I thought that was Ted Cruz. Whatever. They all look the same to me.
Great picture, I wouldn't be surprised if someone would frame it and put it up on the wall in his offices, and he'd stop and admire it.
A big greasy banker schlong would have been more accurate; but, let us not quible over small details...
With a face like his? And the whiny, mealy-mouthed drone? What else would he be?
Fuck Schumer
No wampum for you squaw!
pods
Yup, I still don't trust that she is who she says she is.
All are Manchurian Candidates
Everyone is so eager to make this woman look like a freedom fighter for the people when she is just another cog in the problem machine.
The Banksters own this country - Warren seems to have forgotten that.
6,000,000 cases of mortgage fraud that led to the financial crisis of 2008 - not a single prosecution. That in a country which has 4.3% of the world's population and more than 25% of its prisoners.
All the policies of the Fed have favored the banksters over the average American and now the 0.1% have more wealth than the bottom 90%.
Most people in prison are there due to the war on drugs and the war on poverty. There is no chance of creating a war on banksters.
No?
Just Observing - Correct. See quote below:
"The banks own the place." - Dick Durbin 2009
She has already been quiet the last few months. Watch her get bought off and brought into the fold. I think she is a twat but was one of the very few to point out the criminality of the banks. And for only one of the legislators of the almost 600 for only one to be pointing out the obvious tells you everything you need to know about the state of our government.
It's a cesspool. A cesspool with nice woodwork and carpet. But a cesspool none the less.
Filthy animals
Finance lackeys have always tried to paint Elizabeth Warren as the second coming of Rosa Luxemburg, when in reality she's actually pretty middle-of-the road. The difference with her is that she understands how the Finance Sector really operates and is willing to mention it once in a while. It's pretty remarkable, and discouraging, that she scares Finance so badly. Imagine how Finance would shit their pants if one of our ZH regulars were to become a US Senator. Not that it would happen, that any of us would want or take the gig or even get close enough to get a whiff of it; and if it were to happen, the nailgun countdown would be sadly brief I'm sure. But if Elizabeth Warren freaks them out, they know their livelihood, and possibly their lives, depend on nobody either understanding or being willing to mention what's going on.
Here is a piece I missed until recently:
Not that it would happen, that any of us would want or take the gig or even get close enough to get a whiff of it; and if it were to happen, the nailgun countdown would be sadly brief I'm sure.
A few days ago, this one suddenly made sense to me. A friend was telling me about "The Good Wife", the rehash of Clintonesque Chicago politics. We both agreed that we wouldn't want to have anything to do with that hellhole called politics. But then I realized that even this attitude - while correct - is still a victory for the assholes. They have now created a system so fucked up that good people no longer even want to get involved in it. TPTB now have complete control until violence transforms the landscape completely. What a mess.
swmnguy - Pull yourself toward yourself... Lizzawatha knows NOTHING about finance. Her anti banking rants are just her signature product differentiation in the DEM party. She is a lying sack o shit, forked tongued, non American Indian, neo Bolshevk Kwunt !
Of course the Banks actually enjoy having this pos yell and scream... the banks then go ahead and bribe the weakest link in the REP party... Bitch McConnell and TBTF wallows in the trough for just a bit longer... with Charley the Shew Schumer trying to play catch up with favors....
Don't be a tool.
"difference with her is that she understands how the Finance Sector really operates "
If she really understood how it operates, she would want to audit the Fed.
Banksters are more powerful than ever
According to chapter 20 conclusions of the US Financial Crisis Inquiry Commission:
“As a result of the rescues and consolidation of financial institutions through failures and mergers during the crisis, the U.S. financial sector is now more concentrated than ever in the hands of a few very large, systemically significant institutions.”
Gee, who coulda known all this was going on behind our backs? So when the SHTF, we can be suure these very same scum will be right in the pig trough, making sure their interests are served.
Why do some people think we need a revolution to break the chokehold?
Warren is one of a very few honest people left in gov.
breadonwaters Warren is one of a very few honest people left in gov.
---
LOL LOL ROFLMAO.
Sorry, I missed your sarc tag or otherwise I have to think you're really that stupid. And I don't normally directly insult people because I do believe you have your right to your opinion and to post it. And I don't want you not to express yourself. But you asked for it.
There is no such thing as an honest politician that actually wants to be there. An honest and good politician is a person that is living with his constituents and wants to be at home tending to his or or business - PERIOD!
Politicians in D.C. are there for their own good, their own power and to fuck things up for the rest of us. It doesn't matter if they are on the left or right. Warren is a progressive just like most other politicians. She is your savior. Government is the solution.
You get a better return on your money with the Mafia than with Senate Libtards; when will you asshats ever learn this?
www.traderzoo.mobi
She doesn't support auditing the FED. Finance is propaganda.
http://blogs.wsj.com/economics/2015/02/10/sen-warren-opposes-audit-the-f...
Auditing the FED should be a nonpartisan bill, which means she should support it considering her rhetoric.
...
“I strongly support and continue to press for greater congressional oversight of the Fed’s regulatory and supervisory responsibilities, and I believe the Fed’s balance sheet should be regularly audited – which the law already requires,” Ms. Warren said in an emailed statement. “But I oppose the current version of this bill because it promotes congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy.”
...
Follow the thought process rationally and logically factoring TBTF banks into the statement and line of thought.
This all just kabuki propaganda lip flapping on the TBTF banks part to keep up appearances that she isn't what she claims to be.
Separate finance and politics? Hahahahahah! Not going to happen. As long as there is a government, politics and finance will be mixed. The only viable solution to having both finance and government in the same system is complete openness regarding those interactions, and that is difficult to achieve.
What is left unsaid by her and even Rand Paul concerning an audit what should really be audited is all their computer infrastructure including the algos they use to model and HFT trade with since this stuff is 'market makers'. To make sure it isn't underpinned by faulty logical and other issues that "...may have dangerous implications for financial stability and the health of the global economy...". That code should all be opensourced and open to public scrutiny. Taking all the 'market maker' infrastructure and code away from the FED and central banks in general and leaving it opensource for anyone to modify and inspect (think gpl licenses and revision processes) and making public domain where no one owns it (the only profit it is allowed to make is pay for operating costs etc.) would go a long way towards restoring markets to something that resembles a 'free' market.
Speaking of TBTF and the FED and Elizabeth Warren.
This is probably the last time something resembling an audit of the FED was done.
http://www.save-a-patriot.org/files/view/whofed.html
Federal Reserve Directors: A Study of Corporate and Banking Influence. Staff Report,Committee on Banking,Currency and Housing, House of Representatives, 94th Congress, 2nd Session, August 1976.
I would bet any amount of money those same interests still are primary shareholders in the FED today just follow the family interests, mergers and acquisitions since then to these same current TBTF banks lip flapping.
Back track today's TBTF banks/shareholders/board of directors to then..................
Yes...and there appears to be an army of shills to push the agenda of personal/political/moral assasination to make sure she never gains the power to do what she has claimed she wants to do.
Go figure.
If the American voter had a brain, this should make Warren's popularity sky rocket, propelling her to the top of the Democratic ticket. If only, sigh...
But we don't have to worry about THAT!
If you take her at face value, she's a socialist who doesn't like the banks. I hate the banks, but still not my cup of tea, and I don't trust her, so I don't take her at face value.
She's an Honest Injun.
Warren is no supporter of the average American, nor does she care one whit about the Constitution. She is a liar and a Marxist with a level of ignorance that is comparable if not beyond that of Joe Biden.
If the American voter had a brain, they would pay close attention to the actions, comments, and associates of every office seeker.
Warren is a complete fraud and a tool. She got where she is by claiming falsely that she is Native American.
she was also a major RE flipper. She trolled pending divorcees and bought up their property on the cheap.
She also got a job at harvard by pretending to be an indian(as noted above).
She's well known for her "you didn't build that" quote.
Indeed, this woman is a mental midget and a threat to decent society.
World War is inevitable; the totalitarian bankster Washington Empire of debt is in complete control of the USA. The Washington criminals will blow up the world rather than be brought to Justice.
The NSA is an extension of Professor Nash’s “Game Theory” with advanced computer technology “technocracy” which is the “dream come true” for the Washington Empire of totalitarian bankster fascist (merger of corporate monopoly with government).
The Washington Empire NSA is an arm of the bigger global bankster “vampire octopus on the face of mankind” totalitarian financial operation of debt servitude.
Americans are 60 Trillion dollars in debt to whom, the criminal banksters? The American Empire of debt didn’t just happen and no one in the Fed saw it coming; it was planned by the Washington criminal Rockefeller banksters via the Council on Foreign Relations and their traitor puppets in Congress.
Prosecute the criminals for treason, cancel the criminal debt and therefor save ourselves and the rest of the world from the criminal debt and world war.
Americans will regain the respect from the rest of the world by returning to business and dissolving the Federal Reserve. You kill the vampire octopus by cutting its beak out and it can do no more damage; than the octopus dies and you eat him.
The public executions for treason, televised to the rest of the world to prove that we are serious, will be widely received and cheered on as we chop the totalitarian, incurable psychopathic, criminal’s heads off.
Just hope it is a mass of civil wars that make up WWIII, rather than traditional nation states fighting each other. Otherwise, that shit could very well be over by Christmas.
That's what Hitler thought. Over by Christmas........
Totally agree. The so-called "National Debt" and so many other debts dumped on citizens by their "governments" are completely
illegitimate, fraudulent, and immoral, accounted for by treacherous double-backroom dealing in which a few insiders get all the benefits of
the borrowed money while the 99% get shafted with the bill that never gets cancelled but just accrues interest in perpetuity for
all the generations to come who will be financially dead as soon as they are born.
It generally doesn't seem to be an issue until Austerity measures are implemented.
When pensions, Medicare, and governmental employees(federal, state, and local) start to take a haircut is when the riots start.
Few people protest because they won't be able to buy bread next week. They protest because they couldn't buy bread yesterday.
Until thousands of people are forced to make the choice between food and utilities, there will be no change. There are households like that now, but not enough to keep peoples attention.
WHEN is the only question remaining...
You forgot to mention the trilateralists but your technocracy take is actually near to what I have been exposed to in the past week.
Quick story bout Mr. Schumer -
I was the manager of a project for a large foreign corporation in '09 that had acquired the rights to outfit and create all uniforms for one of the US sports leagues. The uniforms had been created domestically up to that point but most the domestic factories involved did not have the technology or equipment (or willingness to invest) to produce the most advanced uniforms. The cost was quadruple at the domestic factories for inferior product with double the lead times to produce. Still, the league did not really care about the uniform costs...this was not a driving factor.
The corporation I was working for chose a foreign producer along with consolidating the domestic sources to make the uni's. One of the factories cut from the program was in Mr. Schumer's district so Mr. Schumer decided he would stand with the domestic factory against the evil foreign job destroying corporation. Schumer held press conferences to draw attention to their plight and throw mud around...with no attempt or desire to know the truth of the matter.
Funny thing was, once my employer explained the truth of the matter that the domestic manufacturer had major delivery and quality issues and of it's own accord had been in the process of outsourcing much of the work to latin America, Mr. Schumer never said another word. He was off to his next mud throwing photo op...
We have our own problems here in Ohio.
http://www.newrepublic.com/article/120351/sherrod-brown-president-2016-h...
Is there a breedin' farm somewhere we should know about?
Dumb as a senator? You don't say? Fauxcohontas, we hardly knew ye...
"...she is still pretty meek when it comes to the big bank oligopoly...she doesn’t even support an audit of the largest organized crime institution operating within these United States, the Federal Reserve."
This is because the Fed is equally supportive of GOVERNMENT as the banks. Inflation (the stated goal of the Fed) benefits banks and bureaucrats equally. It supports asset values, allowing bankers who've made bad loans to be made whole, and keep their overly-high paid jobs. It supports tax revenues, allowing bureaucrats with no real skills to keep their overly-high paid jobs too. Warren can't have it both ways, though she would like to. She would like to level a blanket criticism of the Fed and be done with it, but can't because she knows that inflation makes it easier to fund big government. Bottom line: the Fed is the NEXUS of banks and government, and therefore owes its very existence to sustaining both.
Send in the swat teams. Arrest the fascists.
Go back to Harvard you ignorant slut.
Cut her some slack. She's still far better than most. Even rand paul has played their game somewhat -trying to appease AIPAC and all. I don't like it, but I'm hoping they're just trying to play the game somewhat and survive while waiting for the political winds to change, when and if the American people pull their heads out of their asses. It may not happen until it's too late, and I'd like to see senators paul and Warren take the courageous less political approach -like Rand's dad- but that is likely political suicide. I don't like their strategies (if that is in fact their plan) but I am willing to cut them some slack and give crdit where credit is due-and Warren deserves some credit and support for her stands against Wall Street.
Controlled opposition sometimes goes off the ranch.
Bad actors every one of them.
Hey! Is blackmail a crime in the US?
Just checking...
That sounds racist. /sarc
Yeah Warren says some good stuff now and then, but unfortunately it's just a blind squirrel finding a nut now and then, tomorrow she'll make a speech about the dangers of tic-tac-toe and advocate shock collars for children.
"The enemy of my enemy is my friend."
Fuck that shit. The enemy of my enemy is whatever. But my enemy is still my enemy. Stop trying to make things complicated.
You are more complicated. It took you three sentences to come up with ...whatever.
If she doesn't support "Audit The Fed," she's just faking it.
And STILL the bankster parasites have their knickers in a twist.
Pitchforks and torches, STAT!
Faking it.
There isnt much authentic about her. Fauxohontas was used below and is a great adjective for her.
But she does support 'audit the Fed'.
FTFA: "In her most misguided position, she doesn’t even support an audit of the largest organized crime institution operating within these United States, the Federal Reserve."
Warren is a nutty moon bat for sure but she also scares the hell out of me. She is much more eloquent than Hillary - capable of appealing to all of the Grubers who elected Obama. Hillary sounds fake, while Warren can appear authentic.
Philosophically speaking, she is not much more than a female Obama.
She'll need the International banking cabal in order to win. Anything she says in public is just fodder for the grubers.
It would not seem you have listened to what she has had to say.
I am not a democrate, but I find her to be very smart and educated in world of money. She also seems to have a moral compass.
But why pay attention to such things.
I've been paying attention to her for years, listening quite carefully. Its why she scares the hell out of me and how I know she is a better speaker than Hillary ever will be.
I didn't question her intelligence one bit.
A moral compass? For crying out loud she is an elitist who believes she is entitled. That's a dangerous combination. Parts of her own family discredit her Native American claim.
She's a fraud, plain and simple.
aMoral or Amoral? CamelCase or PascalCase.
It is hump day you know.
"I didn't question her intelligence one bit."
How would you know she is intelligent in the first place without questioning it?
The belief and knowing, trap.
"but I find her to be very smart and educated in world of money"
Does she question Yellen like Ron Paul questioned Bernanke? Ron Paul's questioning made it evident that he knew how the Fed and the economy worked. He was one of the only ones that could grill The Bernanke and make him squirm.
Congressman Ron Paul Grills Fed Chairman Ben Bernanke:
https://www.youtube.com/watch?v=4XmSIuTqZBc
"if everyone loves big government, love the Fed, because they can fiance all the wars and welfare you want"
Uh....a fine point that got missed in Warren's initial statement about not signing up for the 'audit the Fed' bill.
She did not sign it because of the way the bill was written (i.e. other 'stuff' in there similar to the carrot and the stick) which happens often. Something good for the people gets written up but bad things get put in the bill which is worse than the intial problem. California had that very thing when they tried to neuter the 'eminent domain' law that was allowing private businesses to take away private property. Stuff got put into that bill that would have really screwed property owners and helped large developers even more.
THIS is part of why our system has gone arwy.
And the threat of TBTF? This is also what has screwed up our democratic republic. Whether it is planned or not (although I suspect it is very much part of the method of control...) have you wondered about large money interests that donate to BOTH parties in the same election?
Is it to hedge their bets? My GUESS is NO! It is so that no third party can afford to join into the contest and break the 'two party system' (not that it really is a two party system). The entrance fee is too high because of the likes of Goldman et al.
Please...please understand what has happened and continues to happen.
Can we stop it? Probably not.
But here is a link to a group that is doing their best and trying to fight the good fight!
http://citizenscongress.us/
Don't waste your time arguing 'left versus right'. It is about 'up versus down'.
And to paraphrase George Carlin....'you ain't in the up group'
"Don't waste your time arguing 'left versus right'. It is about 'up versus down" ... It's about Them vs US. It's always the Bankers vs. what's good for America ... Them is scum
Harry Reid isn't even gone and I want him back ... better to have an incompetent boob than a Schumer who I know will spend every waking moment scheming to take my hard earned nest egg. How can the people of this nation be so, so blind?
Chuck the Schmuck (D-Wall Street) taking over for the Cyclops? (Reid)
Thank you Dem's for continuing to justify my 100% vote boycott of anything local, federal, national and intergalactic who calls themselve a Democrat
May riding the Shrillary Express into oblivion in 2016 help make this party go the way of the Whigs by 2018
You write that your boycott of Democrats would make you some kind of intelligent....
until it's clear that you think Republicans are somehow a smarter or better moral choice.
Sorry, both sides ARE the same, and you're a fucktard for pretending anything different.
WhhaaaAAA?
You mean they're in cahoots?!
I will continue to grope for the least dangerous 'leaders' ... Warren over Clinton, Reid over Schumer, Romney over Obama, Walker over Bush ... since we have to deal with crap I'll take solid chunks over diarrhea
If there's anybody who knows all there is to know about lying, extortion, fraud & thievery it's 'Lie-a-Whatha' for sure!
Lie-a-Whatha +100
It was between that and Princess Squatting Bull!
hilary trolly
Elizabeth Warren is bought and paid for by Wall Street. Anything else is all for show.
Not quite yet. They have to up their bid before acquiesence.
You get exactly what (perfectly rightly) you deserve = what you have elected.
The ultra dumb utra ignorant sheeple - since Stonage - have learned nothing at all.
I have no tears left - not for a single one of those 300 million or so.
Either do all and everything necessary to change your country and get back the long lost ethics and throw out the criminals - or continue to deserve to get fucked for another zillion of Stonages.
There's absolutely no other choice. Either you get that - or you get fucked.
Probability for getting fucked - since stonage: 99.999999%
All elections are Diebold elections. Only a fool thinks his/her vote is a real vote.
Warren is the a Unicorn of the Democratic Party
NO ONE among the donkeys wants Clinton. But the oligarchic system demands her
Warren is the sugar high. No matter what she does or say, desperate Dems will flock to her
It's like dreaming you could take a supermodel to the prom instead of the 250 pound fugly with a wart on her nose
The dream outpaces the grim reality
Warren knows after 8 years of Superfly, NO Dem has a chance Any more than McCain had a chance after 8years of shrub
How does this little twisted honey NOT have a criminal record for misrepsentation, fraud & theft? And more importantly how in the heck is she now a SENATOR? I mean really - this prize package has a checkered track record of disception & denial. She even hung out her financee who was a lawyer & her 'sponsor' to dry! This pariah would/has sell/sold her soul for $0.05! Her sanctimonious & moralistic crooked finger pointing makes me sick! In other words - she a perfect demoratic presidential candidate!
Warren/Weiner in '16!
She does have a law degree.
Any questions?
D'oh!
You shall refer to her as Chief Warren, have you no honor ZH? must you insult native americans now and treat them with disrespect?
ok admit it you needed a laugh
Probably so. On the other hand, why pay for a hundred when one Chucky Cheesey Schmoozing Schumer seems to be more than enough to get the job done the way Wall Street wants it? He’s the best investment in town with a Forward PE Ratio of 0.001.
Yup. Fuckers got what they voted for. No lube, no foreplay, just a rough fucking.
Change will have to be violent, because the system has too much inertia to change from within. It will continue on its present course until it reaches an immovable mass, much like the Titanic. Could not turn, could not reverse, could not do anything to change the outcome.
It will be fun to watch the sinking.
Completely agree... they didn't spend decades maneuvering the law to prevent the common man from challenging them when they don't uphold the oath. Now they simply are paid to vote and manipulate by the highest bidders. There's simply nothing we, the common person, can do about it, until we do - and that, like you said, won't be at the ballot box, and it won't be atop the soap box, it will be reaching into the ammo box.
We call this leadership in the USA, Bank Leadership.
United Front, Really Angry, Dead-Set Against this is banking Leadership.
Just like Hank Paulson and the 2008 Meme that we have to Bailout the Corporations to avoid martial law, major banking collapse, and international Contagion. It's Blackmail. The Banks probably would dry up Liquidity and Credit just like the Great Depression. But this is Leadership, Banking Leadership.
2005-2015 is the Alternative to the Great Depression. Where Banking Leadership does whatever it wants, owns the US Congress & Regulatory System, and makes the new Rules.
Warren's ranting - and the subsequent "backlash" from banksters - is nothing more than theater...remniscient of the same game played on the American public when the big con (called The Federal Reserve) was initially proposed.
Hegelian dialectic.
Thesis + Antithesis = Synthesis
Rhetoric is cheap. It costs a billion dollars to run a campaign nowadays. Big-time money comes from big-time donors. Those donors include the crony-banksters and those that support the crony-corporate surveillance and military interventionist state. A few million $$ will come from the small-time suckers.
read her book, she's said that cosistantly.
Isn't more than 80% of her $1 million stock holdings in these large companies she rails against?
The sheeple fall for the same tricks over and over...
Gotta laugh at the downvote. Although a link would be helpful.
Schumer's taking over senate minority leader position right? Good luck Liz.
Warren is positioned to appear as a complete lunatic... and maybe, she is... but you have to keep moving the needle toward radical communism/statism in order to make the likes of Hillary look centrist.
Why don't they just get it over with and run Blankfein/Dimon for president? Cut out the middle man.
You'll see... YOU'LL ALL SEEE!
Once we free Jon Corzine we can run him for Presidunt!
I know 'muricans think Canada is just a wasteland of snow, beer, and hockey players, but one thing our government did (and a Liberal - read Democrat - government at that!) was to BAN corporate contributions to political campaigns outright. The Conservative gov't of L'il Stevie Harper went them one better - NO UNION donations either, and a cap on what any one individual could give (it adjusts for inflation every couple of years, but still under $2,000 annually, IIRC).
The result? For one thing, our election campaign isn't near as annoying as yours (we watch some American channels) with the non-stop attack ads. Second, there's a real feeling that corporations and unions are not running our federal gov't.
And that feeling is especially obvious in Ontario, since at the provincial level, we don't have such contribution restrictions in place. As a result, the Liberal party benefits from contributions from public sector unions, and also from attack ads paid for by the same unions (hiding behind touchy-feely names like "Working Families"). Meanwhile, 1% of Ontarians get salaries over $100k from the public sector, so you have a nice little circle - the Liberals give raises to their teacher and public service pals, who fund their fear campaigns (and let the Liberals look all holier-than-thou, since Working Familes et al do all their nasty attack ads for them), and get the Liberals re-elected, who give raises to their pals, etc. etc.
Campaign finance reform is the only thing that could help the current American mess, but I think it's gotten too late for that.
Indeed. Not a lot of good can be said of Harper, ever, but that, increasing training & funding to the military to a decent level and creating TFSA investing accounts are all positives.
Warren....Schumer....Reid......Clinton......Boner........McCocknel........
What a fucking bunch of assholes we have running things. This points out clearly that no matter how much someone talks like a protector of the people, their actions portray their true leanings and their true goal is to protect the banksters at all costs.
Why would Warren be against auditing the FED? I have heard some good arguments as to why an audit is a BAD idea, and always followed up by the argument that the only real thing to do is END the fed, but not from her.
Scumbag, thieving, criminal banks won't send her money? Fine. I will.
Send In The Clowns...
Let's see who wins...