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Peaceful Protester

(280 posts)

34. Remember, Glass-Steagall (1933) had been repealed via the Gramm–Leach–Bliley Act (1999)

Thu Jun 14, 2012, 11:50 PM

Jun 2012

Alan Greenspan fought to create a completely deregulated black market on wall street. After the financial crisis, Greenspan finally admitted that his economic philosophy had been wrong.

"I found a flaw. I don't know how significant or permanent it is, but I've been very distressed by that fact." -- Alan Greenspan, hearing on Capitol Hill in 2008

Brooksley Born not only predicted exactly what would happen, but she warned him; then she resigned her position as head of the Commodity Futures Trading Commission (CFTC) in protest.

The Warning
http://www.pbs.org/wgbh/pages/frontline/warning/

Brooksley Born was particularly concerned about swaps, financial instruments that are traded over the counter between banks, insurance companies or other funds or companies, and thus have no transparency except to the two counterparties and the counterparties' regulators, if any.

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Warren: Americans ‘understand the game is rigged’ [View all] kpete Jun 2012 OP

‘understand the game is rigged’.. elections. seabeyond Jun 2012 #1

Elizabeth Warren for President 2016. NYC_SKP Jun 2012 #2

Warren/Wyden 2016! Protecting consumers from WallStreet and the internet from censorship ZM90 Jun 2012 #4

Warren, yes, but Wyden? elzenmahn Jun 2012 #38

That would be great, but why isn't she polling ahead NOW? modestybl Jun 2012 #42

Its her fault gmee2 Jun 2012 #49

She'll "loose" the race???? socialist_n_TN Jun 2012 #51

so I misspelled gmee2 Jun 2012 #52

It's a REAL peeve of mine. ESPECIALLY......... socialist_n_TN Jun 2012 #54

A real peeve of mine is the use of foul language gmee2 Jun 2012 #55

I'm with you. She's a fighter a la Teddy Roosevelt. JDPriestly Jun 2012 #16

+1 limpyhobbler Jun 2012 #37

Warren is a treasure.... CherokeeDem Jun 2012 #3

I wish I could get excited joeglow3 Jun 2012 #5

The average American understands the word, ''RIGGED.'' Octafish Jun 2012 #6

It makes me wince ailsagirl Jun 2012 #68

Give 'em hell, Liz! Damn, it felt good to say that - n/t coalition_unwilling Jun 2012 #7

I don't think they do bloomington-lib Jun 2012 #8

You're absolutely right skepticscott Jun 2012 #60

I wish I could vote xxqqqzme Jun 2012 #9

Everybody Knows davsand Jun 2012 #10

" If voting worked it would be illegal" nineteen50 Jun 2012 #14

If voting didn't work, it wouldn't be suppressed by the GOP. freshwest Jun 2012 #15

Not necessarily malthaussen Jun 2012 #45

If your intent is to take control by any means. The GOP does their job all year around. freshwest Jun 2012 #46

K&R'd! snot Jun 2012 #11

Warren better wipe the floor with Brown in November. SunSeeker Jun 2012 #12

Do they? I wonder. If they did why does the GOP win so often? WI_DEM Jun 2012 #13

Because they monopolize the media in smaller markets, shcrane71 Jun 2012 #18

What is... the UnFairness Doctrine, Deregulation, and Citizens United, Alex? Peaceful Protester Jun 2012 #23

Most Awesome Post Tsiyu Jun 2012 #27

You have it all wrong. You make more money by using your brain than using your back. dkf Jun 2012 #31

(Edit) Peaceful Protester Jun 2012 #32

Commodities contracts do help to produce products. dkf Jun 2012 #33

Remember, Glass-Steagall (1933) had been repealed via the Gramm–Leach–Bliley Act (1999) Peaceful Protester Jun 2012 #34

Swaps and counterparty risk are the problem. dkf Jun 2012 #35

What Ought To Be Done Now Peaceful Protester Jun 2012 #44

Well may be so but dmkinsey Jun 2012 #47

Too many people around the world entering the global job market. dkf Jun 2012 #50

Whether it's done transparently or covertly, Peaceful Protester Jun 2012 #25

Why do such large discrepencies between exit polling and "the vote" exist NorthCarolina Jun 2012 #40

I wish she were running for president. shcrane71 Jun 2012 #17

I believe Warren is on the correct path and I believe she will make a great Senator. Uncle Joe Jun 2012 #19

Warren for future President... glinda Jun 2012 #20

k&r Electric Monk Jun 2012 #21

Democrat vs Republican comparison Peaceful Protester Jun 2012 #22

Under the Citizens United ruling: Peaceful Protester Jun 2012 #24

False..blatantly false skepticscott Jun 2012 #62

Really?! Peaceful Protester Jun 2012 #63

Nice try, but I also read the 4th and 5th lines skepticscott Jun 2012 #64

Since you asked, here's how I understand it: Peaceful Protester Jun 2012 #67

In other words skepticscott Jun 2012 #69

Biden/Warren 2016 DonCoquixote Jun 2012 #26

"fixed" system? Eastern Winds Jun 2012 #28

Please, raise your hand... Peaceful Protester Jun 2012 #29

Plain and honest talk, long overdue. WHEN CRABS ROAR Jun 2012 #30

The bulk of our elections have been questionable since Bush was appointed by the SCOTUS pacalo Jun 2012 #36

Spam deleted by Violet_Crumble (MIR Team) Marvin33 Jun 2012 #39

K&R 99Forever Jun 2012 #41

She's channeling George Carlin from one of his last albums Nanjing to Seoul Jun 2012 #43

Will Americans Wake Up? William deB. Mills Jun 2012 #48

WIth Citizens United why do we even bother? michaelcobb Jun 2012 #53

Because it's bad law and needs to be overturned Peaceful Protester Jun 2012 #57

Plus there just may be another way Peaceful Protester Jun 2012 #59

Uh, no...it didn't skepticscott Jun 2012 #61

She said the magic words. I love her. I want her to be President. She'll be the best Senator Zorra Jun 2012 #56

And where/what the fuck happened to Senator Franken? Egalitarian Thug Jun 2012 #58

KICK NT Phhhtttt Jun 2012 #65

*I* know that the game is rigged, but NO, most americans don't know that. BillyJack Jun 2012 #66