Comments on: Elizabeth Warren Calls for New Bank Stress Tests http://www.noquarterusa.net/blog/42121/elizabeth-warren-calls-for-new-bank-stress-tests/ Sun, 27 May 2012 09:27:00 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: an observer http://www.noquarterusa.net/blog/42121/elizabeth-warren-calls-for-new-bank-stress-tests/#comment-1307806 an observer Sat, 13 Feb 2010 14:39:25 +0000 http://www.noquarterusa.net/blog/?p=42121#comment-1307806 Can you say "derivatives"? It ain't over. Watch Europe. Not Greece, Spain! Greek discussion is misdirection while they scamble to stop the wave. The collapse is happening now. Can you say “derivatives”?
It ain’t over. Watch Europe. Not Greece, Spain!
Greek discussion is misdirection while they scamble to stop the wave.
The collapse is happening now.

]]> By: EllenD http://www.noquarterusa.net/blog/42121/elizabeth-warren-calls-for-new-bank-stress-tests/#comment-1307673 EllenD Sat, 13 Feb 2010 01:03:22 +0000 http://www.noquarterusa.net/blog/?p=42121#comment-1307673 I take full responsibility for this oowawa, which means, in this day and age, that there will be no repercussions that will affect me in any way. And I'm free to do it again! :-P To be fair to Barbara Boxer - she voted against the repeal. I take full responsibility for this oowawa, which means, in this day and age, that there will be no repercussions that will affect me in any way. And I’m free to do it again! :-P

To be fair to Barbara Boxer – she voted against the repeal.

]]> By: oowawa http://www.noquarterusa.net/blog/42121/elizabeth-warren-calls-for-new-bank-stress-tests/#comment-1307645 oowawa Fri, 12 Feb 2010 22:46:39 +0000 http://www.noquarterusa.net/blog/?p=42121#comment-1307645 According to <a href="http://en.wikipedia.org/wiki/Glass_steagall" rel="nofollow">this article</a> about the repeal of parts of the Glass Steagall Act: The repeal enabled commercial lenders such as <a href="http://en.wikipedia.org/wiki/Citigroup" rel="nofollow">Citigroup</a>, which was in 1999 the largest U.S. bank by assets, to underwrite and trade instruments such as <a href="http://en.wikipedia.org/wiki/Mortgage-backed_securities" rel="nofollow">mortgage-backed securities</a> and <a href="http://en.wikipedia.org/wiki/Collateralized_debt_obligations" rel="nofollow">collateralized debt obligations</a> and establish so-called <a href="http://en.wikipedia.org/wiki/Structured_investment_vehicles" rel="nofollow">structured investment vehicles</a>, or SIVs, that bought those securities.<a href="http://en.wikipedia.org/wiki/Glass_steagall#cite_note-Barth-14" rel="nofollow">[15]</a> <a href="http://en.wikipedia.org/wiki/Elizabeth_Warren" rel="nofollow">Elizabeth Warren</a>,<a href="http://en.wikipedia.org/wiki/Glass_steagall#cite_note-15" rel="nofollow">[16]</a> author and one of the five outside experts who constitute the Congressional Oversight Panel of the <a href="http://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program" rel="nofollow">Troubled Asset Relief Program</a>, has said that the repeal of this act contributed to the <a href="http://en.wikipedia.org/wiki/Global_financial_crisis_of_2008%E2%80%932009" rel="nofollow">Global financial crisis of 2008–2009</a>, According to this article about the repeal of parts of the Glass Steagall Act:

The repeal enabled commercial lenders such as Citigroup, which was in 1999 the largest U.S. bank by assets, to underwrite and trade instruments such as mortgage-backed securities and collateralized debt obligations and establish so-called structured investment vehicles, or SIVs, that bought those securities.[15] Elizabeth Warren,[16] author and one of the five outside experts who constitute the Congressional Oversight Panel of the Troubled Asset Relief Program, has said that the repeal of this act contributed to the Global financial crisis of 2008–2009,

]]> By: oowawa http://www.noquarterusa.net/blog/42121/elizabeth-warren-calls-for-new-bank-stress-tests/#comment-1307643 oowawa Fri, 12 Feb 2010 22:30:26 +0000 http://www.noquarterusa.net/blog/?p=42121#comment-1307643 Oh, and here's what we're chanting that has them shaking in their suits: GLASS STEAGALL! GLASS STEAGALL! GLASS STEAGALL! WHAT DO WE WANT? GLASS STEAGALL! Oh, and here’s what we’re chanting that has them shaking in their suits:

GLASS STEAGALL!
GLASS STEAGALL!
GLASS STEAGALL!
WHAT DO WE WANT?
GLASS STEAGALL!

]]> By: Anonymous http://www.noquarterusa.net/blog/42121/elizabeth-warren-calls-for-new-bank-stress-tests/#comment-1307638 Anonymous Fri, 12 Feb 2010 22:11:15 +0000 http://www.noquarterusa.net/blog/?p=42121#comment-1307638 And yes, I know she read this because she deleted her little poem to what she thought was our stupidity in the comment stream in the post below.  It takes someone quite unsure of herself not to stand by what she has previously typed.  She didn't think anyone could translate her little poem.  I just refuled to answer it there, and I won't ever directly answer her little tantrums. And yes, I know she read this because she deleted her little poem to what she thought was our stupidity in the comment stream in the post below.  It takes someone quite unsure of herself not to stand by what she has previously typed.  She didn’t think anyone could translate her little poem.  I just refuled to answer it there, and I won’t ever directly answer her little tantrums.

]]> By: oowawa http://www.noquarterusa.net/blog/42121/elizabeth-warren-calls-for-new-bank-stress-tests/#comment-1307634 oowawa Fri, 12 Feb 2010 21:59:09 +0000 http://www.noquarterusa.net/blog/?p=42121#comment-1307634 Yes, EllenD.  the poor bankers are scared 'cuz the Angry Public, whipped into a frenzy by, oh, you know, the frenzy whippers, are outside the banks with torches and pitchforks threatening increased regulation and suchlike; and now they've locked their vaults and are going to withhold credit, and we are all very horny and slavering for credit.  Yep, it's pitiful to think of Goldman Sachs executives cowering in the corner, bullied by the chanting mob outside . . .    And it's all your fault, EllenD! Yes, EllenD.  the poor bankers are scared ‘cuz the Angry Public, whipped into a frenzy by, oh, you know, the frenzy whippers, are outside the banks with torches and pitchforks threatening increased regulation and suchlike; and now they’ve locked their vaults and are going to withhold credit, and we are all very horny and slavering for credit.  Yep, it’s pitiful to think of Goldman Sachs executives cowering in the corner, bullied by the chanting mob outside . . . 
 
And it’s all your fault, EllenD!

]]> By: oowawa http://www.noquarterusa.net/blog/42121/elizabeth-warren-calls-for-new-bank-stress-tests/#comment-1307633 oowawa Fri, 12 Feb 2010 21:58:35 +0000 http://www.noquarterusa.net/blog/?p=42121#comment-1307633 Yes, EllenD.  the poor bankers are scared 'cuz the Angry Public, whipped into a frenzy by, oh, you know, the frenzy whippers, are outside the banks with torches and pitchforks threatening increased regulation and suchlike; and now they've locked their vaults and are going to withhold credit, and we are all very horny and slavering for credit.  Yep, it's pitiful to think of Goldman Sachs executives cowering in the corner, bullied by the chanting mob outside . . . And it's all your fault, EllenD! Yes, EllenD.  the poor bankers are scared ‘cuz the Angry Public, whipped into a frenzy by, oh, you know, the frenzy whippers, are outside the banks with torches and pitchforks threatening increased regulation and suchlike; and now they’ve locked their vaults and are going to withhold credit, and we are all very horny and slavering for credit.  Yep, it’s pitiful to think of Goldman Sachs executives cowering in the corner, bullied by the chanting mob outside . . .

And it’s all your fault, EllenD!

]]> By: EllenD http://www.noquarterusa.net/blog/42121/elizabeth-warren-calls-for-new-bank-stress-tests/#comment-1307627 EllenD Fri, 12 Feb 2010 21:29:36 +0000 http://www.noquarterusa.net/blog/?p=42121#comment-1307627 To comment on the original topic, yesterday I heard that THE ANGRY PUBLIC was the cause of credit drying up because banks feared increased regulation and therefore are afraid to lend to anyone who isn't AAA. That position isn't new because banks traditionally only want to lend money to people who don't need it. But I never heard before that it was all MY FAULT! To comment on the original topic, yesterday I heard that THE ANGRY PUBLIC was the cause of credit drying up because banks feared increased regulation and therefore are afraid to lend to anyone who isn’t AAA. That position isn’t new because banks traditionally only want to lend money to people who don’t need it.
But I never heard before that it was all MY FAULT!

]]> By: AC http://www.noquarterusa.net/blog/42121/elizabeth-warren-calls-for-new-bank-stress-tests/#comment-1307611 AC Fri, 12 Feb 2010 20:18:22 +0000 http://www.noquarterusa.net/blog/?p=42121#comment-1307611 <strong>Obamaman</strong> This is great WV304, glad I took some time to check in.  Laughter truly is reinvigorating, now I feel energized and back to the great outdoors. Obamaman
This is great WV304, glad I took some time to check in.  Laughter truly is reinvigorating, now I feel energized and back to the great outdoors.

]]> By: mortuus lark http://www.noquarterusa.net/blog/42121/elizabeth-warren-calls-for-new-bank-stress-tests/#comment-1307595 mortuus lark Fri, 12 Feb 2010 19:41:51 +0000 http://www.noquarterusa.net/blog/?p=42121#comment-1307595 Proof that the cause of America's problems are its infant citizens. Sen. Durbin's comments: “I am convinced that infants born in Washington, D.C., are taken from the arms of their loving mothers right when they are born into a room where someone shows a film of a snowstorm with shrieking and screaming so that those children come to believe snow is a mortal enemy, like a nuclear attack, because I have seen, for over 40 years here, people in this town go into a full-scale panic at the thought of a snowfall." Proof that the cause of America’s problems are its infant citizens.

Sen. Durbin’s comments:

“I am convinced that infants born in Washington, D.C., are taken from the arms of their loving mothers right when they are born into a room where someone shows a film of a snowstorm with shrieking and screaming so that those children come to believe snow is a mortal enemy, like a nuclear attack, because I have seen, for over 40 years here, people in this town go into a full-scale panic at the thought of a snowfall.”

]]> By: Peggy Sue http://www.noquarterusa.net/blog/42121/elizabeth-warren-calls-for-new-bank-stress-tests/#comment-1307593 Peggy Sue Fri, 12 Feb 2010 19:26:18 +0000 http://www.noquarterusa.net/blog/?p=42121#comment-1307593 They didn't shout her down on CSNBC yesterday, Betty.  They tried to talk over her but she was persistent.  Right now, she's getting more face time on TV.  But I've been reading her in print.  This is one smart lady, who has a true talent in breaking complex issues down and explaining them in intelligible language.  That's both a talent and a service because these thugsters have been hiding behind finance-speak, anything to keep the truth of what they've done and continue to do behind a tattered veil of legitmacy. But you're quite right, the media is not our friend. They didn’t shout her down on CSNBC yesterday, Betty.  They tried to talk over her but she was persistent.  Right now, she’s getting more face time on TV.  But I’ve been reading her in print.  This is one smart lady, who has a true talent in breaking complex issues down and explaining them in intelligible language.  That’s both a talent and a service because these thugsters have been hiding behind finance-speak, anything to keep the truth of what they’ve done and continue to do behind a tattered veil of legitmacy.

But you’re quite right, the media is not our friend.

]]> By: oowawa http://www.noquarterusa.net/blog/42121/elizabeth-warren-calls-for-new-bank-stress-tests/#comment-1307592 oowawa Fri, 12 Feb 2010 19:19:32 +0000 http://www.noquarterusa.net/blog/?p=42121#comment-1307592 I've wondered the same thing, betty.  How come they're letting her talk at all?  It doesn't compute, and I'm wary also. I’ve wondered the same thing, betty.  How come they’re letting her talk at all?  It doesn’t compute, and I’m wary also.

]]> By: betty http://www.noquarterusa.net/blog/42121/elizabeth-warren-calls-for-new-bank-stress-tests/#comment-1307591 betty Fri, 12 Feb 2010 19:16:23 +0000 http://www.noquarterusa.net/blog/?p=42121#comment-1307591 I need to add, I like Elizabeth Warren.  I am just so wary of MSM.  Maybe they put her on thinking they could shout her down, or look a fool.  I need to add, I like Elizabeth Warren.  I am just so wary of MSM.  Maybe they put her on thinking they could shout her down, or look a fool. 

]]> By: betty http://www.noquarterusa.net/blog/42121/elizabeth-warren-calls-for-new-bank-stress-tests/#comment-1307589 betty Fri, 12 Feb 2010 19:13:41 +0000 http://www.noquarterusa.net/blog/?p=42121#comment-1307589 "She's getting more air time and I hope that continues.  She appears to be one of the few honest voices out there right now" If that is true, why is she being given air time?  The MSM is not on our side, never think it is.  “She’s getting more air time and I hope that continues.  She appears to be one of the few honest voices out there right now”

If that is true, why is she being given air time?  The MSM is not on our side, never think it is. 

]]> By: Anonymous http://www.noquarterusa.net/blog/42121/elizabeth-warren-calls-for-new-bank-stress-tests/#comment-1307558 Anonymous Fri, 12 Feb 2010 17:55:26 +0000 http://www.noquarterusa.net/blog/?p=42121#comment-1307558 Onofre's arm, You are correct in a strange way.  Here's a link to sort of explain lark, dead or otherwise. <a href="http://www.philophysics.com/" rel="nofollow">http://www.philophysics.com/</a> This is what I could find to explain the philosophy she says she follows.  It's just another of those egocentric post modern streams of thought that are not grounded in any reality except to make its adherents think they're smarter than the rest of the world. And yes, dead lark, we have sucked the chest of China dry and we are throwing a tantrum about it.  However we infants are not the ones who put this dependence on China in motion.  We are railing against it and asking for a return to our country's ideals. The U.S. is the "good stepmother" of my grandparents, who emigrated from a Bolshevik Russia.  I wish to have my "good stepmother" revived and able to nourish us all again as she did when my grandparents came here.  And I am hopeful becaus I see it in the spirit of the common working man and woman in the U.S. Onofre’s arm,

You are correct in a strange way.  Here’s a link to sort of explain lark, dead or otherwise.

http://www.philophysics.com/

This is what I could find to explain the philosophy she says she follows.  It’s just another of those egocentric post modern streams of thought that are not grounded in any reality except to make its adherents think they’re smarter than the rest of the world.

And yes, dead lark, we have sucked the chest of China dry and we are throwing a tantrum about it.  However we infants are not the ones who put this dependence on China in motion.  We are railing against it and asking for a return to our country’s ideals.

The U.S. is the “good stepmother” of my grandparents, who emigrated from a Bolshevik Russia.  I wish to have my “good stepmother” revived and able to nourish us all again as she did when my grandparents came here.  And I am hopeful becaus I see it in the spirit of the common working man and woman in the U.S.

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