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Bestbank Tiger
Tulane Fan
Landmass
Member since Jan 2005
24085 posts

re: Elizabeth Warren goes after Wall Street

quote:

thinking about this makes me think that loser pays should apply when such agencies actually do take parties to trial, if it doesn't


Problem with that is the loser-pays fees will come from the taxpayers, so the agencies won't care.


90proofprofessional
LSU Fan
Member since Mar 2004
11645 posts

re: Elizabeth Warren goes after Wall Street
damnit good point


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Roaad
LSU Fan
Lunch Wagon
Member since Aug 2006
54525 posts

re: Elizabeth Warren goes after Wall Street
quote:

Elizabeth Warren goes after Wall Street
She bringing her tomahawk?


Mo Jeaux
LSU Fan
NYC
Member since Aug 2008
16924 posts
Online

re: Elizabeth Warren goes after Wall Street
quote:

The Rethugs have been letting Wall Street run wild since they took over in 2009...


I dare you to check Wall Street donations to democrats and then check the record of the Obama administration bringing actions against those same donors. You may be somewhat surprised at the results.


Mo Jeaux
LSU Fan
NYC
Member since Aug 2008
16924 posts
Online

re: Elizabeth Warren goes after Wall Street
quote:

She bringing her tomahawk?


Scalps will be taken!


redandright
Member since Jun 2011
4877 posts

re: Elizabeth Warren goes after Wall Street
She wants her land back.


Bestbank Tiger
Tulane Fan
Landmass
Member since Jan 2005
24085 posts

re: Elizabeth Warren goes after Wall Street
quote:

I dare you to check Wall Street donations to democrats and then check the record of the Obama administration bringing actions against those same donors. You may be somewhat surprised at the results.


Your sarcasm detector is broken


RollTide4Ever
Alabama Fan
Nashville
Member since Nov 2006
10042 posts

re: Elizabeth Warren goes after Wall Street
Didn't warren get rich off some crooked land deals?


LSUgusto
Member since May 2005
16762 posts

re: Elizabeth Warren goes after Wall Street
quote:

crooked land deals?
That was her Cherokee name. "Crooked land dealer."


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lsuprof
LSU Fan
Baton Rouge, Louisiana
Member since Dec 2008
400 posts

re: Elizabeth Warren goes after Wall Street
It just goes to show that jack-booted thugery knows no gender, region, or profession. Even an ultra-liberal female college professor from lefty Massachusetts can practice demogoguery and thug it up with the best of them.


Tyrusrex
LSU Fan
Member since Jul 2011
349 posts

re: Elizabeth Warren goes after Wall Street
Wow... I'm soooo glad that there's some Republicans, like Chuck Grassley, smarter than the people in this thread. The Wall Street Banks is a prime winning issue that Republicans can bash Obama over the head with. Lets just take a look at it objectively without Democrat/Republican labels.

1) Wall Street Banks are about the only thing less popular than congress. Every time they get attacked people cheer. (And for very good reason. The American people bailed out the banks and covered almost all their losses. Look even if you believe that the housing crisis was caused because Freddie and Fannie was throwing free money at minorities and under privileged moochers, which it wasn't. If it just had been the housing crisis the banking system would've survived just fine. It was the securitization into CDOs, CDO squared and even more exotic derivatives which increased the leverage that caused the real damage. Thus every time a dollar was lost because of housing collapse, it would cause sometimes $40 loss in a derivative. Only the banks can blame themselves for that.)

2) Don't let the rhetoric fool you, Obama has been the big banks best friend. Lets take a look at his key appointments so far. Eric Holder, our favorite Attorney General, was a partner at Covington & Burling, the firm's clients included the four largest U.S. banks - Bank of America, Citigroup, JP Morgan Chase and Wells Fargo & Co - as well as at least one other bank that is among the 10 largest mortgage servicers. How many big banks have been taken to trial? Lets see, there's Mary Jo White, the newly appointed head of the S.E.C. Before this, White joined the law firm of Debevoise & Plimpton and built up a lucrative practice defending, among others, senior Wall Street executives. Her clients included Kenneth Lewis, the former chairman and chief executive of Bank of America, and John Mack, who held the top job at Morgan Stanley. Hmmm, then there's Jack Lew, the Secretary of Treasury, before he joined the government, he was an executive at Citi during the financial crisis making millions in bonuses while the company was going bankrupt. Puhleaze, if you think Obama really wanted to prosecute Wall Street, don't you think that would've happened by now?

If Republicans really want to hurt Obama, then they would run with open arms to Warren, and join her in asking for real accountability. This would accomplish 1) that the Republicans isn't just a party for the rich, but a party for the middle class. (C'mon, these are not the rich kind of people Republicans should be defending. Investment bankers are not exactly job creators.) 2) It would make Obama squirm as he'd have to think of someway of shutting up a fellow Democrat without hurting his rich friends on Wall Street and still look like he's for the common guy 3) Most importantly, it would be the right thing to do. Anti trust laws are there for a reason. The banks have gotten too big, and pose a greater threat than the communists or Islamist have ever been.


Mo Jeaux
LSU Fan
NYC
Member since Aug 2008
16924 posts
Online

re: Elizabeth Warren goes after Wall Street
quote:

Your sarcasm detector is broken


I'll get it checked out.


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LSUgusto
Member since May 2005
16762 posts

re: Elizabeth Warren goes after Wall Street
quote:

Wow... I'm soooo glad that there's some Republicans, like Chuck Grassley, smarter than the people in this thread. The Wall Street Banks is a prime winning issue that Republicans can bash Obama over the head with. Lets just take a look at it objectively without Democrat/Republican labels.

1) Wall Street Banks are about the only thing less popular than congress. Every time they get attacked people cheer. (And for very good reason. The American people bailed out the banks and covered almost all their losses. Look even if you believe that the housing crisis was caused because Freddie and Fannie was throwing free money at minorities and under privileged moochers, which it wasn't. If it just had been the housing crisis the banking system would've survived just fine. It was the securitization into CDOs, CDO squared and even more exotic derivatives which increased the leverage that caused the real damage. Thus every time a dollar was lost because of housing collapse, it would cause sometimes $40 loss in a derivative. Only the banks can blame themselves for that.)

2) Don't let the rhetoric fool you, Obama has been the big banks best friend. Lets take a look at his key appointments so far. Eric Holder, our favorite Attorney General, was a partner at Covington & Burling, the firm's clients included the four largest U.S. banks - Bank of America, Citigroup, JP Morgan Chase and Wells Fargo & Co - as well as at least one other bank that is among the 10 largest mortgage servicers. How many big banks have been taken to trial? Lets see, there's Mary Jo White, the newly appointed head of the S.E.C. Before this, White joined the law firm of Debevoise & Plimpton and built up a lucrative practice defending, among others, senior Wall Street executives. Her clients included Kenneth Lewis, the former chairman and chief executive of Bank of America, and John Mack, who held the top job at Morgan Stanley. Hmmm, then there's Jack Lew, the Secretary of Treasury, before he joined the government, he was an executive at Citi during the financial crisis making millions in bonuses while the company was going bankrupt. Puhleaze, if you think Obama really wanted to prosecute Wall Street, don't you think that would've happened by now?

If Republicans really want to hurt Obama, then they would run with open arms to Warren, and join her in asking for real accountability. This would accomplish 1) that the Republicans isn't just a party for the rich, but a party for the middle class. (C'mon, these are not the rich kind of people Republicans should be defending. Investment bankers are not exactly job creators.) 2) It would make Obama squirm as he'd have to think of someway of shutting up a fellow Democrat without hurting his rich friends on Wall Street and still look like he's for the common guy 3) Most importantly, it would be the right thing to do. Anti trust laws are there for a reason. The banks have gotten too big, and pose a greater threat than the communists or Islamist have ever been.


Excellent post.


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