Comments

  1. trees says

    I admire a politician who stands up for the ordinary person, who actually means what she says and gets results through hard work, determination and honesty.

  2. anon says

    G-S essentially prevents banks from over-gambling with other people’s money and keeps insurance companies solvent in the case of a banking meltdown. It wasn’t that 2008 killed off banks that was bad, it was that it was killing off insurance companies that was bad. The insurance companies could no longer keep the banking sector afloat.

  3. woodroad34d says

    I’d so like to see her have this discussion with an ultra-conservative acquaintance of mine, who literally froths and foams when anyone talks about regulation. I mentioned those facts about the 50-year banking stability and he just spews Limbaughian talking points and rhetoric. I think Sen. Warren would really slap him down–and I’d love it!

  4. Matt26 says

    Can you imagine EW as vp candiate for Hillary. What a ticket! EW has so much potential. The lady rocks!
    CNBC has become so annoying and unwatchable, I watch Bloomberg.

  5. John says

    Warren inspires me. I think she is currently a tremendous public servant and I think she can actually get some good done.

  6. John says

    Warren inspires me. I think she is currently a tremendous public servant and I think she can actually get some good done.

  7. THurts says

    This is what happens when we elect people into office who actually stand up for individuals and not just corporate interest. Corporations have a lot of laws, lobbyist, and politicians that protect them daily.

  8. Omar says

    I second the Clinton-Warren ticket though, if Hill were to make it to the office she so deserves, I wonder if the country wouldn’t be better served with Warren as Treasury Secretary.

  9. Butch says

    Just wanted to thank Towelroad for providing some transcript of the exchange. I had heard it was awesome but I can’t play videos.

  10. tinkerbelle says

    Who’s the blowhard know-it-all idiot that EW slaps down? I hate financial “journalists” with a passion, they are always way too loud and have really obnoxious and unlistenable voices.

    Add my vote for Warren as VP (or Treasury Secretary), just get her into a position of real power.

  11. says

    CNBC: the same morons who laughed in the face of people claiming that the housing market was going to melt down. That was in 2007. At the same time every big bank had put hiring freezes and spending cuts in place to brace for the coming crash. They are liars and brava to Elizabeth Warren for calling them out on it.

  12. bluedogj says

    The so-called CNBC “journalists” really looked like a bad Saturday Night Live sketch compared to Warren’s class act.

  13. ratbastard says

    I’m proud of my Senator from Massachusetts by way of Oklahoma. She did good. Real good.

    The corporations and ‘industry’ are petrified or Glass-Steagall 2.0. They’re all petrified of re-regulation.

    Will Senator Warren support nipping ‘globalization’ and ‘free trade’ in the bud,also? Will she support tariffs to counter un-free trade and advantages? We’ve had 30 plus years now of open trade with China, and not one single year that didn’t end in a trade deficit of the U.S. Not one single year of a surplus, after 30 plus years.

  14. Princely says

    CNBC is as much a hack network as FOX or FOX Business News Network. Its full of agenda driven, right wing financial propaganda that is only about keeping things at status quo. Status quo does NOT help the common person, but only the oligarchs in our country.

  15. Rik says

    Rewind to 1994. That year, the federal government declared war on an enemy — the racist lender — who officials claimed was to blame for differences in homeownership rate, and launched what would prove the costliest social crusade in U.S. history.

    At President Clinton’s direction, no fewer than 10 federal agencies issued a chilling ultimatum to banks and mortgage lenders to ease credit for lower-income minorities or face investigations for lending discrimination and suffer the related adverse publicity. They also were threatened with denial of access to the all-important secondary mortgage market and stiff fines, along with other penalties.

    The edict — completely overlooked by the Financial Crisis Inquiry Commission and the mainstream media — was signed by then-HUD Secretary Henry Cisneros, Attorney General Janet Reno, Comptroller of the Currency Eugene Ludwig and Federal Reserve Chairman Alan Greenspan, along with the heads of six other financial regulatory agencies.

    The study was used to support a wholesale abandonment of traditional underwriting standards — the root cause of the mortgage crisis.

    As much as Elizabeth Warren wants to blame everyone else, the blame goes to Bill Clinton.

  16. Marc says

    I would love to see her as our President one day. This woman inspires me in ways no other person has done. Her tireless dedication fighting for the middle class is incredible. I absolutely adore Sen. Elizabeth Warren!

  17. anon says

    The housing bubble was more related to the looseness of the money supply after 9-11 and the deregulation of the insurance industry w/ the repeal of G-S than anything that happened in 1994. The problem with lowering mortgage standards was that it made the situation in 2008 onwards worse for those who could no longer afford to pay, but did not actual cause the bubble. The vast oversupply of housing in Florida and Nevada was the result of not enough customers, not too many.

  18. Jay says

    I bank with USAA and would recommended to anyone looking for a fair, integral and principled financial institution. I have never faced hidden fees or gotcha fine prints. In fact USAA has made me more responsible with my finances.

  19. Jay says

    I bank with USAA and would recommended to anyone looking for a fair, integral and principled financial institution. I have never faced hidden fees or gotcha fine prints. In fact USAA has made me more responsible with my finances.

  20. Azgaard says

    The look on Warren’s face reminds me of the look on my older brother’s face when I was a kid and he was asking me, “Why are you hitting yourself? Stop hitting yourself!”

  21. worth the wait says

    The Republicans were so smug when they kept her from chairmanship of the committee she created. They rolled the dice and lost. Delicious!

    She should have a long career ahead of her. The woman’s bench in politics is filling out nicely.

    Thanks Republicans and Tea Party for pushing Warren to the fore!!

  22. bambinoitaliano says

    It’s easy to desire to insert a real working politician into a prominent position. Unfortunately, being a cabinet minister, vice president or the president is more about posturing than doing actual work for the people. She will be swept up in politicking rather than focusing on things need to be done. It’s not a direct transfer of her current work into the white house.

  23. db says

    Every person that anchor talked to is probably a banker. This is CNBC–everyone who works there is a whore to the banks.

  24. NB says

    Like a Boss. CNBC is very ‘right’ leaning and has agenda driven heads but is a good source of business and financial news.

  25. Ryan says

    All that Elizabeth Warren demonstrates here is that if you perpetuate a lie long enough, people will start to believe it. The financial sector remains one of the most regulated industries in the country with or without Glass-Steagall. Worse, blaming the financial crisis on Glass-Steagall is a bold-faced untruth. Bear Stearns and Lehman Brothers were investment banks, which means they had no retail banking activities; ie, Glass-Steagall did not apply. Every banking crisis we’ve had since the creation of the Federal Reserve has been the result, at root, of banking regulation. Elizabeth Warren’s plan will only set us up for the next crisis.

  26. andrew says

    She is a great occupant for the Senate seat once held by Edward Kennedy, one of the greatest champions of progressive causes in the U.S.Senate. The State of Mass has hit another home run by electing Senator Warren.

  27. jamal49 says

    Clone her into a thousand candidates. Elizabeth Warren is EXACTLY what this country needs–a knowledgeable, informed, articulate, thoughtful and passionate advocate for sane, sensible financial regulations of big banks and other rogue financial institutions.

  28. sword says

    Canada has never had the same banking/investment swings the US has encountered. It even weathered the Great Depression with little trauma. It has always had a tight grip on its banks and investment houses. Of course, it also doesn’t generate dozens of banking billionaires either.