General Discussion

joshcryer

(62,536 posts)

55. They might. GM did it.

Sat Mar 28, 2015, 02:32 AM

Mar 2015

I don't think the banks want to rock the boat because as it stands now their intertwined nature lets them get away with mistakes (there was a Mexico fraud thing recently, if I recall correctly, millions of dollars lost). Breaking up the banks properly is open to error. Which toxic assets get liquidated and which get absorbed? Nevermind the thousands of people getting a pink slip if / when it happens. Think about it, if they did it to themselves, how many pensions would be cut? How many people would be fired?

The banks are unsustainable, they'll be "downsized" eventually. And when it happens investors, hedge fund managers, the top 1% will get a nice 20% boost in their portfolios. The best way for all involved to do it is to do it legislatively with government oversight. The blow has to be softened.

But Warren has offered nothing substantial to those ends, except for words in a fundraising pitch, and slamming people with her own background over administrative actions they can't do.

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Elizabeth Warren To Wall Street: Drop Dead [View all] octoberlib Mar 2015 OP

She is NOT going to back down. hifiguy Mar 2015 #1

I welcome their hatred... Fumesucker Mar 2015 #3

She doesn't need to say those exact words. She's been clear. merrily Mar 2015 #17

The last time the two Third Way Founders tried to attack her, her response was 'oh, please', sabrina 1 Mar 2015 #24

I can relate. I sometimes give that kind of response to posters who mouth talking points that are merrily Mar 2015 #25

Warren is not in what George Carlin hifiguy Mar 2015 #33

Boston dweller here. She's my Senator! merrily Mar 2015 #35

Lived in Cambridge for 3 years hifiguy Mar 2015 #36

As they say, "What's not to like?" merrily Mar 2015 #40

And usually there's not much snow. hifiguy Mar 2015 #42

Given global warming, it's odd to me that this year broke the record set in the winter of 1996-1997. merrily Mar 2015 #44

You actually get more snow the closer the temperature is to 32 degrees F. Fearless Mar 2015 #108

Maybe, but that was not the case this year. We had quite a stretch of days well below merrily Mar 2015 #124

Locally yes, but most of the country was warmer than usual Fearless Mar 2015 #125

Not sure what temps in the rest of the country have to do with Boston setting records for snowfalls merrily Mar 2015 #126

Love MN WillTwain Mar 2015 #97

And Cotton is my Senator! Art_from_Ark Mar 2015 #41

I feel for ya, Art. hifiguy Mar 2015 #47

What do you think? merrily Mar 2015 #48

Until recently, Arkansas was a solidly Democratic state Art_from_Ark Mar 2015 #58

Wow. I didn't know about the murder. How awful. merrily Mar 2015 #59

It was a very tragic and senseless loss for everyone Art_from_Ark Mar 2015 #80

Do you have an opinion on why successors were not as merrily Mar 2015 #81

I can't really hazard a guess Art_from_Ark Mar 2015 #82

Thank you. merrily Mar 2015 #83

One thing I can say about his successors Art_from_Ark Mar 2015 #85

It may be simply the same things that have been ailing Democrats all over the country. merrily Mar 2015 #86

It is kind of ironic that one of the state's most notable recent US senators, Art_from_Ark Mar 2015 #87

I feel your pain. In Massachusetts, after Kennedy passed, four announced for the Dem primary merrily Mar 2015 #88

Me too! smirkymonkey Mar 2015 #94

I'm a little more generous in interpreting Dean's motives. Jackpine Radical Mar 2015 #102

I am, too. On his watch, our party did a LOT better. calimary Mar 2015 #107

She's certainly not afraid. pa28 Mar 2015 #38

She is wealthy, smart, respected and in her 60s. Not a lot to be afraid of personally at this point merrily Mar 2015 #49

Indeed, not much for her to be afraid of personally. pa28 Mar 2015 #52

As a general rule, I avoid trying to judge the motivations of others. I've learned that merrily Mar 2015 #56

And that will be a great day! hifiguy Mar 2015 #43

I love your signature JonLP24 Mar 2015 #76

Feel free. hifiguy Mar 2015 #104

Go get 'em, Senator Warren! CaliforniaPeggy Mar 2015 #2

Hillary to Wall Street: bvar22 Mar 2015 #4

See Reply 17, but for purposes of my reply to your post, "She" refers to Hillary, not Warren. merrily Mar 2015 #18

Never doubt that. hifiguy Mar 2015 #46

Fuck them dropping dead, cut them into little pieces. TheKentuckian Mar 2015 #5

I can only hope that you and Zorra find your respective voices someday. merrily Mar 2015 #77

I'm sure Senator Warren will miss all of the money they A Simple Game Mar 2015 #6

That's how you always win Phlem Mar 2015 #13

Only if the "fundees" are corrupt. merrily Mar 2015 #19

yep. Phlem Mar 2015 #103

Thanks! You as well. merrily Mar 2015 #129

Now's the time Flatpicker Mar 2015 #7

+1 an entire shit load. Enthusiast Mar 2015 #8

It's going to take a Constitional amendment, not a bill. And probably will never happen, anyway. merrily Mar 2015 #20

The words could be simple. hifiguy Mar 2015 #34

Yes, but it's not going to happen. It's not going to get out of Congress, let alone merrily Mar 2015 #39

Actually, it wasn't McCain that broke the public financing agreement BrotherIvan Mar 2015 #60

I said McCain violated the law, not a verbal undertaking. merrily Mar 2015 #61

I see your point BrotherIvan Mar 2015 #65

Yes, disappointing, but not a violation of the law. merrily Mar 2015 #67

It used to be that the press would hold a candidate accountable BrotherIvan Mar 2015 #98

A few people control all mass media in the US. merrily Mar 2015 #127

Perfect. lovemydog Mar 2015 #64

Where is the legislation? joshcryer Mar 2015 #9

Well if there is no threat, why is Wall Street threatening the Democratic Party? /nt RiverLover Mar 2015 #11

yep. Phlem Mar 2015 #12

Trumka also threatened the Democratic Party. merrily Mar 2015 #21

Warren wants to break up the banks. joshcryer Mar 2015 #23

Then why don't the banks break themselves up? nt MannyGoldstein Mar 2015 #26

They don't want to be greedy. merrily Mar 2015 #31

They might. GM did it. joshcryer Mar 2015 #55

Bullshit.... paleotn Mar 2015 #99

Investors don't seem to think so. joshcryer Mar 2015 #117

She's correct for the right reasons... paleotn Mar 2015 #118

It's WARRENS argument. joshcryer Mar 2015 #119

Not hardly.... paleotn Mar 2015 #120

There is risk. joshcryer Mar 2015 #121

Your logic defies logic. Banks merge to make more money. Monopolies are capable of rhett o rick Mar 2015 #114

Warren said it herself! joshcryer Mar 2015 #116

Again how does breaking up banks make them more money? If Sen Warren said that rhett o rick Mar 2015 #123

LOL! merrily Mar 2015 #22

! MannyGoldstein Mar 2015 #27

Care to elaborate? Also, if you do wish to elaborate, please indicate merrily Mar 2015 #28

!! MannyGoldstein Mar 2015 #29

Oh, please. merrily Mar 2015 #32

Post removed Post removed Mar 2015 #45

I look forward to the day MannyGoldstein Mar 2015 #50

No worries, brother, I don't do collateral damage. nt Zorra Mar 2015 #51

I found your thread above to be shocking. rhett o rick Mar 2015 #113

Sexist (and ageist, too)! merrily Mar 2015 #128

Stay classy. joshcryer Mar 2015 #57

Zorra's a class act to and for the 99%. merrily Mar 2015 #62

Not so sure about that. joshcryer Mar 2015 #63

The jury does not even purport to decide whether a DUer is a class act to and for the 99%. merrily Mar 2015 #66

Telling someone to "blow me" is not "classy." joshcryer Mar 2015 #68

As always, context matters. Let me make very clear that I am not comparing you to Hitler, merrily Mar 2015 #69

Eh, there's no comparison. joshcryer Mar 2015 #70

I made no comparison between you and Hitler. To the contrary. merrily Mar 2015 #71

I don't think "blow me" is classy in the context it was used. joshcryer Mar 2015 #72

I already responded to all that. Don't know why you feel compelled to repeat yourself, but I don't merrily Mar 2015 #73

Thank you! joshcryer Mar 2015 #74

Nice temper tantrum. BeanMusical Mar 2015 #122

Do you support such legislation? Or just being critical of Sen Warren? nm rhett o rick Mar 2015 #111

Yes, of course. joshcryer Mar 2015 #115

Best Thread Title Ever. byronius Mar 2015 #10

Dear banksters turbinetree Mar 2015 #14

YES! Keep speaking for us, Lizzie! LittleBlue Mar 2015 #15

Pitchforks and torches Augiedog Mar 2015 #16

That would be one hell hifiguy Mar 2015 #37

a sing along flobee1 Mar 2015 #84

K&R liberal_at_heart Mar 2015 #30

The slimy greedy banksters may just goad Elizabeth into running for Prez Dems to Win Mar 2015 #53

This is why I just don't get all those people SheilaT Mar 2015 #54

Some DUers do not think Hillary is a liberal, nor are they anxious to see liberals run. merrily Mar 2015 #79

+1 Scuba Mar 2015 #89

merrily Caretha Mar 2015 #92

This is exactly why she needs to President JonLP24 Mar 2015 #75

Shhhh!!! SHHHH!!!! JonLP24 Mar 2015 #78

Please Elizabeth, please run for POTUS. Scuba Mar 2015 #90

If the Democratic Party made a clean break from Wall Street Martin Eden Mar 2015 #91

+1000 nt antigop Mar 2015 #96

Blow me Wall Street. JEB Mar 2015 #93

Er no. She only means to regulate them again or more. treestar Mar 2015 #95

Elizabeth Warren To Wall Street: Drop Dead The CCC Mar 2015 #100

Way To Let Them Have It Senator Warren! colsohlibgal Mar 2015 #101

K&R red dog 1 Mar 2015 #105

If she keeps this up she may be "drafted" as President! world wide wally Mar 2015 #106

Sen Sanders has railed against the banks for years, funnily Wall Street didn't feel the need cui bono Mar 2015 #109

K&R nt Duval Mar 2015 #110

Great post. Thanks for posting. nm rhett o rick Mar 2015 #112