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Elizabeth Warren vs. Hillary Clinton[W:336]

Who would you rather have as president?

  • Total voters
    49
Re: Elizabeth Warren vs. Hillary Clinton

tres borrachos said:
The thread is about Elizabeth Warren & Hillary Clinton, not the housing bubble. You quoted me but I'm not posting about the housing bubble. Thanks.
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THAT WAS IN RESPONSE TO YOUR POSIT

"Well, even though we aren't specifically discussing this, here is something quick and very simplified (it is very complex). There is something she was behind called QM/ATR. It's a result of the people who foolishly overextended themselves on their mortgages. QM/ATR severely limits a bank's ability to make a 1-4 family first mortgage loan to consumers. So as time goes on, credit will be more and more scarce, and you will see cries of "we can't get a home loan anymore from our bank/credit union", and the small banks and credit unions will look like the bad guys. There is a very little percentage of Americans who are too dumb to make smart decisions, so Warren, believing that all Americans are too dumb to make smart decisions, have put processes in place in the banks that make it so that there are guidelines to determine what is a good loan versus what is a bad loan. Most Americans didn't get themselves into trouble with overextension and signing contracts for loans they had no chance of repaying. "


OOPS
 
Re: Elizabeth Warren vs. Hillary Clinton

TurtleDude said:
Lieyawatha appeals to people who want to blame their own failures on others
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Stupid-itus , the radical Reich and their propagandists, We call them the GOPers
 
Re: Elizabeth Warren vs. Hillary Clinton

dad2three2001 said:
THAT WAS IN RESPONSE TO YOUR POSIT

"Well, even though we aren't specifically discussing this, here is something quick and very simplified (it is very complex). There is something she was behind called QM/ATR. It's a result of the people who foolishly overextended themselves on their mortgages. QM/ATR severely limits a bank's ability to make a 1-4 family first mortgage loan to consumers. So as time goes on, credit will be more and more scarce, and you will see cries of "we can't get a home loan anymore from our bank/credit union", and the small banks and credit unions will look like the bad guys. There is a very little percentage of Americans who are too dumb to make smart decisions, so Warren, believing that all Americans are too dumb to make smart decisions, have put processes in place in the banks that make it so that there are guidelines to determine what is a good loan versus what is a bad loan. Most Americans didn't get themselves into trouble with overextension and signing contracts for loans they had no chance of repaying. "


OOPS
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No, it actually wasn't. My post had nothing to do with Bush, who you mentioned in your post.

Do you have anything to add about Elizabeth Warren and Hillary Clinton?
 
Re: Elizabeth Warren vs. Hillary Clinton

Cardinal said:
A drop that began with deregulation in the 80's, as it would happen. It's kind of hard to swallow the idea that regulation will hurt independent banks when their free fall happened at the same exact time as deregulation.
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What are independent banks?

Deregulation in the 1980s caused small banks to fail? No. Heavy regulation going forward will cause small banks to fail, which is what I posted about. The quote from CBS sums it all up nicely.

My post was about community banks and the impact regulations that should only be applied to the big banks are having on them, and why they are in very deep trouble going forward. Not sure how your post applies to what I've been saying.
 
Re: Elizabeth Warren vs. Hillary Clinton

shrubnose said:
I went with Warren mainly because I figure we'll never get change if we keep sending the same group of people to Washington, D.C.
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You see Warren as a change? Really? :shock:
 
Re: Elizabeth Warren vs. Hillary Clinton

tres borrachos said:
From my link from CBS News:

since the end of the recession, small banks have approved three to four times more small business loans every month than big banks have.



People who don't understand that the smaller (community) banks are the ones who are helping small business and also consumers as opposed to the large banks have no idea what Warren's "consumer protection" is going to do to this country.
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Please specifify how Warren's consumer protections will harm small banks.
 
Re: Elizabeth Warren vs. Hillary Clinton

shrubnose said:
Compared to Clinton, yes.
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How much do you know about Warren? You may want to read up on her positions, policies etc.... that may soften your position. Frankly, if it's between the two I would rather drink myself into a puking stupor as both enlist some of the worst policies progressives have to offer.
 
Re: Elizabeth Warren vs. Hillary Clinton

tres borrachos said:
What are independent banks?

Deregulation in the 1980s caused small banks to fail? No. Heavy regulation going forward will cause small banks to fail, which is what I posted about. The quote from CBS sums it all up nicely.

My post was about community banks and the impact regulations that should only be applied to the big banks are having on them, and why they are in very deep trouble going forward. Not sure how your post applies to what I've been saying.
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Please explain why the free-fall in the number of small banks coincided with deregulation in the 80's.
 
Re: Elizabeth Warren vs. Hillary Clinton

Ockham said:
How much do you know about Warren? You may want to read up on her positions, policies etc.... that may soften your position. Frankly, if it's between the two I would rather drink myself into a puking stupor as both enlist some of the worst policies progressives have to offer.
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You seem awfully willing to criticize others for supporting Warren. I'd like to know who you've hitched your wagon to. Who does Mr. Libertarian support?
 
Re: Elizabeth Warren vs. Hillary Clinton

Cardinal said:
Please explain why the free-fall in the number of small banks coincided with deregulation in the 80's.
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You didn't answer my question. What is an independent bank?

I don't know why the free fall of banks in the 1980s coincided with deregulation, nor have I said it did, nor am I posting about that. The community banks have failed over the years for a number of reasons. They are failing, and their assets are being taken over by the big banks.

The post of mine you copied was in response to another poster who said that community banks have done just fine for 50 years in spite of regulation. You say they had minimal regulation, which was the opposite of what she said. You may want to post that to her.



So when you say "independent bank" in response to my post, what are you talking about?
 
Re: Elizabeth Warren vs. Hillary Clinton

shrubnose said:
I went with Warren mainly because I figure we'll never get change if we keep sending the same group of people to Washington, D.C.
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Warren is already in Washington, DC. She's a US Senator.
 
Re: Elizabeth Warren vs. Hillary Clinton

Ockham said:
You see Warren as a change? Really? :shock:
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It's hard to understand how a sitting US Senator in Washington DC is a "change". We don't have to send her there. The people of Massachusetts already did that.
 
Re: Elizabeth Warren vs. Hillary Clinton

Amadeus said:
You seem awfully willing to criticize others for supporting Warren. I'd like to know who you've hitched your wagon to. Who does Mr. Libertarian support?
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Willing and able. Since this thread is about Warren and Hillary - I can tell you I do NOT support (obviously) either one, nor would I be likely to. Funny thing, neither Warren nor Hillary have thrown their hat in for any new election and when the time comes where all the candidates who will run announce, I will take a look at all of them (including these two clowns Hillary and Warren if they run), their policies, their character, their backgrounds and listen politely to what usually ends up to be mostly lies to get elected, and make my decision. Given what I know of both at this moment --- my previous statement stands.
 
Re: Elizabeth Warren vs. Hillary Clinton

tres borrachos said:
I don't know why the free fall of banks in the 1980s coincided with deregulation,
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And you don't think that might be important to know when criticizing re-implementing those regulations? You argue that regulation will harm community banks, yet can't even explain why bank foreclosures skyrocketed in the 80's?
 
Re: Elizabeth Warren vs. Hillary Clinton

tres borrachos said:
I've been posting about it. My posts are all over this thread. If you read them, you will find the answers you seek.
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Not really. Elizabeth Warren has stated "Basel III should be applied to large financial institutions, not small banks." She also acknowledges,“Small business can’t park their money overseas or take advantage of special accounting loopholes,” Warren said. “They can’t hire the lobbyists to get them the special hand-crafted, carefully fitted loopholes that give them great deals and nobody else.” U.S. Sen. Elizabeth Warren looking to regulations to protect small banks and businesses | masslive.com

She is well known to be a threat to the large banking industry and not the small.
 
Re: Elizabeth Warren vs. Hillary Clinton

Cardinal said:
And you don't think that might be important to know when criticizing re-implementing those regulations?
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What is an independent bank? I keep asking you. Please answer.

The regulations that the CFPB and Dodd-Frank are putting in today aren't old regulations being re-upped.

Do you work in the banking industry or in the financial services compliance industry? If not, you really don't have any first hand or practical experience. I do. I post about what I know, and since I make my living in this industry, it's something I know about. I don't pretend to be a mechanic which is why I would never post in those threads. I have no understanding of foreign policy, which is why I never post in the International Politics section. I practice no religion, which is why I never post in the Religion section. Banking I know.

What is an independent bank?
 
Re: Elizabeth Warren vs. Hillary Clinton

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Hillary is going to end up as either Obama III or Bush IV. She's too tied up with the corporate menace.

While Warren is not necessarily the most politically qualified candidate, I do believe she is intelligent enough to hire a very competent cabinet and advisers to assist her.
 
Re: Elizabeth Warren vs. Hillary Clinton

rabbitcaebannog said:
Not really. Elizabeth Warren has stated "Basel III should be applied to large financial institutions, not small banks." She also acknowledges,“Small business can’t park their money overseas or take advantage of special accounting loopholes,” Warren said. “They can’t hire the lobbyists to get them the special hand-crafted, carefully fitted loopholes that give them great deals and nobody else.” U.S. Sen. Elizabeth Warren looking to regulations to protect small banks and businesses | masslive.com

She is well known to be a threat to the large banking industry and not the small.
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Basel isn't part of what I'm talking about.

How about RESPA? Reg Z? Reg E? TILA/RESPA? Reg CC? Reg G? QM/ATR? UDAAP? What's your experience with them?

Elizabeth Warren is hurting small banks. I see you live in MA. I can give you the names of 20 community banks in your area, depending on where you are. You can go into any of them and ask to speak with the Compliance Officer, Risk Management, Senior Lender, any executive, etc. and ask them what they feel about the CFPB and Dodd-Frank regs they are implementing.
 
Re: Elizabeth Warren vs. Hillary Clinton

tres borrachos said:
The regulations that the CFPB and Dodd-Frank are putting in today aren't old regulations being re-upped.

Do you work in the banking industry or in the financial services compliance industry? If not, you really don't have any first hand or practical experience. I do. I post about what I know, and since I make my living in this industry, it's something I know about. I don't pretend to be a mechanic which is why I would never post in those threads. I have no understanding of foreign policy, which is why I never post in the International Politics section. I practice no religion, which is why I never post in the Religion section. Banking I know.
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You work in the financial industry and claim to have first-hand knowledge of the business, yet can't even explain why bank foreclosures skyrocketed in the 80s. I find that...odd.
 
Re: Elizabeth Warren vs. Hillary Clinton

Cardinal said:
You work in the financial industry and claim to have first-hand knowledge of the business, yet can't even explain why bank foreclosures skyrocketed in the 80s. I find that...odd.
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You didn't say anything about bank foreclosures. I wasn't talking about bank foreclosures exclusively. If you're talking about the S&L issues in the 1980s, that isn't what is driving the CFPB and Dodd-Frank.

What is an independent bank? I keep asking you, you keep ignoring it, even though you said it. Kindly answer, please.

I have to go to a soccer game now but will be back later to check on your answer.
 
Re: Elizabeth Warren vs. Hillary Clinton

tres borrachos said:
Basel isn't part of what I'm talking about.

How about RESPA? Reg Z? Reg E? TILA/RESPA? Reg CC? Reg G? QM/ATR? UDAAP? What's your experience with them?
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Why can't you explain your position concisely without bombarding people with a barrage of acronyms?
 
Re: Elizabeth Warren vs. Hillary Clinton

Right, but she is kind of a new face. Clinton has been there forever.

And may be there a while longer.
 
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