Page 4 of 8 FirstFirst ... 23456 ... LastLast
Results 31 to 40 of 76

Thread: Elizabeth Warren: 'Too Big To Fail' Is Worse Than Before Financial Crisis

  1. #31
    Banned
    Join Date
    Feb 2008
    Location
    Theoretical Physics Lab
    Last Seen
    01-06-15 @ 11:06 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    25,120

    Re: Elizabeth Warren: 'Too Big To Fail' Is Worse Than Before Financial Crisis

    Quote Originally Posted by Henry David View Post
    Not sure if you're joking or not, but have you considered that the repeal of Great Depression legislation is what started our more recent problems?
    Our problems existed because the large financial institutions made risky investments with the full knowledge that Washington would pull their collective asses out of the fire if and when it fizzled. If you took the safety net away, we wouldn't have been subjected to derivatives, credit default swaps, and other ridiculous tools that basically existed to create no-loss scenarios for the large banks.

    It's the corporate version of the moral hazard.

  2. #32
    Sage

    Join Date
    Sep 2010
    Last Seen
    Today @ 07:08 AM
    Lean
    Undisclosed
    Posts
    90,078

    Re: Elizabeth Warren: 'Too Big To Fail' Is Worse Than Before Financial Crisis

    Quote Originally Posted by TheDemSocialist View Post
    Read more @: Elizabeth Warren: 'Too Big To Fail' Is Worse Than Before Financial Crisis

    This is an outrage. We went the total wrong direction on this. Instead of ending this too big to fail ****, its gotten worse! We need to bring back Glass Stegal. [/FONT][/COLOR]
    Which once again points to the real failure of the Obama administration to act when they had big majorities in both houses of Congress and could have accomplished something in those first two years.
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

  3. #33
    Almost respectable

    Cardinal's Avatar
    Join Date
    Jun 2008
    Last Seen
    @
    Gender
    Lean
    Undisclosed
    Posts
    35,056

    Re: Elizabeth Warren: 'Too Big To Fail' Is Worse Than Before Financial Crisis

    Quote Originally Posted by haymarket View Post
    Which once again points to the real failure of the Obama administration to act when they had big majorities in both houses of Congress and could have accomplished something in those first two years.
    That for me is the defining moment in Obama's presidency where he truly blew it.

  4. #34
    On Vacation
    joko104's Avatar
    Join Date
    Jan 2009
    Last Seen
    12-16-17 @ 04:30 AM
    Lean
    Undisclosed
    Posts
    31,569
    Blog Entries
    2

    Re: Elizabeth Warren: 'Too Big To Fail' Is Worse Than Before Financial Crisis

    Quote Originally Posted by TheDemSocialist View Post
    Read more @: Elizabeth Warren: 'Too Big To Fail' Is Worse Than Before Financial Crisis

    This is an outrage. We went the total wrong direction on this. Instead of ending this too big to fail ****, its gotten worse! We need to bring back Glass Stegal. [/FONT][/COLOR]
    Democrats are all claiming ObamaCare is too big to fail, aren't they?

  5. #35
    On Vacation
    joko104's Avatar
    Join Date
    Jan 2009
    Last Seen
    12-16-17 @ 04:30 AM
    Lean
    Undisclosed
    Posts
    31,569
    Blog Entries
    2

    Re: Elizabeth Warren: 'Too Big To Fail' Is Worse Than Before Financial Crisis

    Quote Originally Posted by Cardinal View Post
    That for me is the defining moment in Obama's presidency where he truly blew it.

    More than "blew it," but revealed his true self and where his real loyalties lie.

  6. #36
    On Vacation
    joko104's Avatar
    Join Date
    Jan 2009
    Last Seen
    12-16-17 @ 04:30 AM
    Lean
    Undisclosed
    Posts
    31,569
    Blog Entries
    2

    Re: Elizabeth Warren: 'Too Big To Fail' Is Worse Than Before Financial Crisis

    Quote Originally Posted by washunut View Post
    When was the last time the Federal government earned billions of dollars on an investment. That is what they made on the big bank "bailout".


    When the government makes BIG money is each time the government declares exclusive ownership - of land and mineral rights to it, radio frequencies, areas of oceans, rivers and lakes, and anything by regulations they claim they own/totally control.

    With the ACA, the government has claimed it owns us and we have to pay annually for merely existing.

  7. #37
    On Vacation
    joko104's Avatar
    Join Date
    Jan 2009
    Last Seen
    12-16-17 @ 04:30 AM
    Lean
    Undisclosed
    Posts
    31,569
    Blog Entries
    2

    Re: Elizabeth Warren: 'Too Big To Fail' Is Worse Than Before Financial Crisis

    Quote Originally Posted by Paschendale View Post
    We should have punished the companies that damaged the economy instead of giving them more gifts and more power. The people who ran them should be in jail. The pilfered money should have been returned to the people it was stolen from. The companies should have been either dissolved or turned over from their corrupt owners down the chain within the company, or liquidated and distributed among the employees.

    Hurting the country, especially on such a large scale, for one's own gain... that should be punished. Severely.

    Their position is the government forced them to do all this crap by requiring them to write bad loans - and then when it collapsed as they warned the government is clamoring they should be punished for what the government itself did. "Bailout" could be called damage-settlement in some regards.

    However, I don't see anyone calling for politicians who did this to be jailed.

  8. #38
    Tavern Bartender
    Pussy Grabbin' Beaver
    Middleground's Avatar
    Join Date
    Jul 2005
    Location
    Canada's Capital
    Last Seen
    Yesterday @ 11:47 AM
    Gender
    Lean
    Undisclosed
    Posts
    22,459
    Blog Entries
    1

    Re: Elizabeth Warren: 'Too Big To Fail' Is Worse Than Before Financial Crisis

    Quote Originally Posted by Cardinal View Post
    That for me is the defining moment in Obama's presidency where he truly blew it.
    Exactly. Cripes, if what happened in 2008 wasn't enough reason to change things back, then we're all ****ed that it's been pretty much status quo. This is why I love Warren... she is making it her mission to go after those who skirted the law and is calling on Obama to make the needed changes to the banking system.
    No men are anywhere, and Im allowed to go in, because Im the owner of the pageant and therefore Im inspecting it, Trump said... Is everyone OK? You know, theyre standing there with no clothes. Is everybody OK? And you see these incredible looking women, and so I sort of get away with things like that.

  9. #39
    Sage

    Join Date
    Sep 2010
    Last Seen
    Today @ 07:08 AM
    Lean
    Undisclosed
    Posts
    90,078

    Re: Elizabeth Warren: 'Too Big To Fail' Is Worse Than Before Financial Crisis

    Quote Originally Posted by Cardinal View Post
    That for me is the defining moment in Obama's presidency where he truly blew it.
    I agree and I worked for a few months in the summer and fall of 2008 to get Obama elected. So I had faith and was a supporter.

    I had read that Obama was a great fan of FDR and was studying the Hundred Days in which FDR put forth a myriad of legislation which changed America. I had hoped that Obama would do much the same thing.
    I read how he made Rahm Emanuel his chief of staff and I was very overjoyed thinking that he is damn serious and Emanuel was going to signal that the White House was taking no crap from anybody and would put the pedal to the metal. Sadly that never happened and everything was wasted on a long drawn out battle over a corporate health care scheme in which Obama started with a conservative corporate position and continually compromised with only himself.

    Its really sad.
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

  10. #40
    Sage


    Thoreau72's Avatar
    Join Date
    Sep 2012
    Last Seen
    Yesterday @ 06:27 PM
    Gender
    Lean
    Libertarian
    Posts
    20,314

    Re: Elizabeth Warren: 'Too Big To Fail' Is Worse Than Before Financial Crisis

    Quote Originally Posted by Gipper View Post
    Our problems existed because the large financial institutions made risky investments with the full knowledge that Washington would pull their collective asses out of the fire if and when it fizzled. If you took the safety net away, we wouldn't have been subjected to derivatives, credit default swaps, and other ridiculous tools that basically existed to create no-loss scenarios for the large banks.

    It's the corporate version of the moral hazard.
    Yes, I understand that. And the reason large financial institutions could do that was because the law that had prohibited such behavior for 60+ years, Glass-Steagall, had been repealed. GS was passed to prevent such behavior, because that behavior is what led to the Great Depression.

    It's kinda like wearing a helmet when engaged in risky behavior. When the helmet is removed, bad things can and will happen.

Page 4 of 8 FirstFirst ... 23456 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •