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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsElizabeth Warren To Wall Street: Drop Dead
The too-big-to-fail banks think theyre going to teach Professor Elizabeth Warren and the rest of her progressive rebel scum a lesson about saying mean things about them. As we just learned, the heads of the five families from Citigroup, JPMorgan, Goldman Sachs, and Bank of America have been talking amongst themselves about how to get Warren to pipe down with all her talk about how corrupt they are and how they caused the financial crisis in 2008 that almost broke the country. Their bright ideas include withholding $15,000 per bank in campaign donations to Senate Democrats in symbolic protest, or possibly leaving a horses head in Sen. Warrens bed.
Like a typical liberal, Sen. Warren has responded with a blog post:
In 2008, the financial sector collapsed and nearly brought down our whole economy. What were the ingredients behind that crash? Recklessness on Wall Street and a willingness in Washington to play along with whatever the big banks wanted.
Years have passed since the crisis and the bailout, but the big banks still swagger around town. And when Citigroup and the others dont quite get their way or Washington doesnt feel quite cozy enough, they quickly move to loud, public threats. Their latest move is a stunner.
Read more at http://wonkette.com/581104/elizabeth-warren-to-wall-street-drop-dead#odgPOTtRED22u6Dm.99
hifiguy
(33,688 posts)Seeing who someone has as enemies can be a very interesting reflection on a person's character. She has all the right enemies and pisses off all the right people.
Fumesucker
(45,851 posts)Sooner or later she's going to say it..
merrily
(45,251 posts)sabrina 1
(62,325 posts)dismissing them the way you would a two year old throwing a temper tantrum. They scurried back into their hiding places after the avalanche of negative responses they received.
They actually thought they could influence the 'left' if they smeared Warren. But they were not among their little circle of Investment Bankers anymore, once the decided to write their disgusting 'admonishment' to Warren in the WSJ.
So now they are apparently hiring people they THINK can influence the Left and it is very disappointing to see people like Dean do their bidding.
That too failed and diminished Dean's reputation. It certainly didn't diminish Warren's.
merrily
(45,251 posts)bs. Sometimes, it's "Oh, please" and sometimes simply "LOL." Because some stuff just is not worth any more of a response than one of those.
But, there's the left and, then again, there's the other left. (If a nurse or XRay technician tell me to turn on my left side and, in pain and panicked, I start to move the wrong way, "Your other left" is sometimes the second and very diplomatic instruction.)
hifiguy
(33,688 posts)called "the big club." HRC is an honorary charter member. They FEAR Warren. With good reason. The best of all reasons to back her.
merrily
(45,251 posts)hifiguy
(33,688 posts)While in law school. I am very fond of Boston.
merrily
(45,251 posts)Yeah, I know. It's far, far from perfect, but so is every other location on planet earth. It's blue. It's full of historic sites, smart people and lovely architecture. And the same crap you find elsewhere that you wish you found nowhere.
hifiguy
(33,688 posts)This year being the exception. For this Minnesota boy it was an easy three winters. Loved my time there!
merrily
(45,251 posts)You would have thought that the prior record would have occurred in 1896-97.
I was here for both record breaking winters.
The remarkable difference, though, was that, during the winter of 1996-97, it snowed about every other day throughout the winter (or so it seemed to this gal), whereas this winter, there was hardly any snow until the end of January.
Fearless
(18,421 posts)The air can hold more moisture at higher temperatures than lower. So in actuality, to a point, you will see more snow because you will have more moisture in the air because of temperature increases.
merrily
(45,251 posts)32 above zero. Twenties, teens, single digits, with wind chills going down to 35 below or more (less?), esp. overnight
Fearless
(18,421 posts)The moisture follows the jet stream and hits the east coast
merrily
(45,251 posts)in 1996-97 and 2014-2015, but I will take your word for it.
WillTwain
(1,489 posts)But old man winter, skeeters and years of suffering watching the Vikings finally drove me out of there. Pawlenty did a number on the state, too, They got a hell of a break when Dayton edged Emmer.
Wellstone was in a class of his own.
Art_from_Ark
(27,247 posts)Wanna trade?
hifiguy
(33,688 posts)I'd trade him for a sack of secondhand footballs and cackle at what a great deal I got.
merrily
(45,251 posts)I've never lived anywhere but a (generally) blue state. NJ, NJ and MA. If I move, it will probably be to another blue state. Downside is that cost of living tends to be higher than in red states, esp. in the cities, and I've never lived outside a city (though here, I did live in Brookline before moving to "Boston proper" .
Art_from_Ark
(27,247 posts)in all but presidential elections. But ever since the murder of Bill Gwatney, who had been the state's Democratic Party chairman, in 2008, the party has been careening downhill.
merrily
(45,251 posts)Art_from_Ark
(27,247 posts)merrily
(45,251 posts)successful as he?
Art_from_Ark
(27,247 posts)I'm scratching my head trying to come up with a reason. Either his successors are totally inept, Faubus Democrats, or? Fellow DUer WhiteTara might be able to provide some better insight since she has had direct contact with his successors.
merrily
(45,251 posts)Art_from_Ark
(27,247 posts)They showed really poor judgment if they had anything to do with asking Bill Clinton and Barack Obama to take sides in the 2010 Democratic primary for the US Senate by supporting Blanche Lincoln over the more liberal Bill Halter. And 4 years later, they pushed Halter out of the race for governor so that Mike Ross could run unopposed in the primary (and then get his butt handed to him on the proverbial platter in the general election).
One more thing-- One of my fellow Arkansans mentioned on a different thread that several of his liberal friends did not vote in the last election. I don't know his friends, but I think a possible reason might have been the way the state party establishment has treated Mr. Halter.
merrily
(45,251 posts)IMO, that general pattern goes back to whether it's actually true that center right Democrats are more electable, as the DLC, Third Way, the Progressive Policy Institute and others assert, or whether Truman was correct when he said a Republican cannot beat a real Democrat, but a fake Democrat will lose to a Republican.
As far as Halter v. Lincoln, this may apply: http://www.democraticunderground.com/?com=view_post&forum=1002&pid=6396919
Pay particular attention to the links Schumer's comments, as he made avoiding primary challenges for Senate races official policy in 2005. Siding with the incumbent, if the incumbent is running, can be seen as simply going with someone you know won the state in the past. But siding with the incumbent is also a very good way of discouraging primary challenges.
The risk is that the damage done to the primary challenger may not be reparable if the challenger becomes the nominee anyway. That is my perception of what is part of what may have happened in the Lamont (D) v. Lieberman (I) race (the Republicans having abandoned their candidate, who was a bad one). And even that does not explain the Crist (I) v. Meek (D) v. Rubio (R) race, when it almost seemed to me almost as though Crist was really the choice of "official" Democrats. But, it may well had relevance to the Halter v. Lincoln stuff.
And, yes, I can see why that would have caused disaffection among Halter's supporters. And that is another risk the Party seems very willing to take.
My own view is that the Party should stay out of primaries, but that does not seem to be the conventional wisdom du jour.
Art_from_Ark
(27,247 posts)Dale Bumpers, challenged and defeated a long-time incumbent, J.William Fulbright, in the primary back in 1974 (the same year that Bill Clinton ran for Congress in Arkansas's 3rd district). Bumpers went on to become a fairly decent liberal Senator. I can't say whether he matched the caliber of Senator Fulbright, but he certainly towers above everyone who has held that office from Arkansas in the past 16 years or so.
And Halter was no newcomer to Arkansas politics-- he had been lieutenant governor when he challenged Lincoln. One reason why he challenged Lincoln was that she was constantly trailing behind the Republican challenger by double digits. And getting Obama involved in the primary was an absolutely stupid move, especially considering his approval rating in the state was below 40%, which was about the same proportion of support that Lincoln got in the general election.
merrily
(45,251 posts)for his seat. One was a guy who was involved with both Bain (Romney's old firm), one was Rep. Mike Capuano, whose voting record in the House is probably as liberal as any other Rep, with the possible exception of Rep. Lee; one was Khazei, a middle to liberal candidate; and the other was Coakley.
Coakley immediately got a million dollar money bomb from EMILY's List. I have never known EMILY's List to back a candidate the DNC opposes. (The caveat here is that Ellen Malcolm, founder of EMILY's List has many ties to Massachusetts and may have had a prior relationship with Coakley. Additionally, Malcolm was a co chair of Hillary's 2008 campaign, and, like many Massachusetts Democratic politicians, Coakley had supported Hillary.)
As best as I recall, no big party star campaigned during the primary for any of the four, except that Bill Clinton came to Massachusetts to campaign for Coakley.
The rest, as they say, is history. Luckily, the next time the seat was up for grabs, the Party backed Warren and Warren was able to beat by then incumbent and Republican, Scott Brown.
smirkymonkey
(63,221 posts)I am so proud of our Senator!
Jackpine Radical
(45,274 posts)I think he just wants to make sure a Dem is elected, believed that Hill had the best chance, and wanted to put his weight where it might help avoid a primary fight. Given his own experience, he may be a bit nervous about nasty primaries. Half-a-loaf pragmatism, as it were.
calimary
(81,519 posts)pa28
(6,145 posts)It seems Warren is the only politician out there willing and able to confront the banks and make her case in public.
She wins on brains and conviction and now she's been made officially dangerous. If big finance had hoped to isolate Warren it looks like their idea is backfiring badly.
merrily
(45,251 posts)Everyone fears for their kids and grandkids, though. No, scratch that. Climate deniers, for one, must not be too afraid for their kids and grandkids.
pa28
(6,145 posts)The easiest thing in the world for her to do would be what everybody else in her position does. Turn around and act as a bolster for the status-quo.
What I really love about Elizabeth Warren is that she is an outlier. She's acting purely on principle.
merrily
(45,251 posts)I don't even always know all my own motivations. But, I usually like what she says. I voted for her for Senator and would do so again. And, as between Warren and Hillary, I'd pick Warren any day of the week and twice on Tuesdays.
hifiguy
(33,688 posts)JonLP24
(29,322 posts)Could I borrow when I need to? Probably won't now but would love to in the future.
hifiguy
(33,688 posts)I swiped the banner link from another DUer, so go for it!
CaliforniaPeggy
(149,724 posts)I am proud to be on your side!
bvar22
(39,909 posts)merrily
(45,251 posts)hifiguy
(33,688 posts)Not for a nanosecond. She will never turn on her owners.
TheKentuckian
(25,029 posts)merrily
(45,251 posts)That was sarcasm, but I do sincerely hope both of you post more and more!
A Simple Game
(9,214 posts)weren't giving her in the first place. The others... they won't cut them off and take a chance on making an enemy. One thing about the big banks, they don't mind buttering their bread on both sides.
Phlem
(6,323 posts)Fund both sides of a war.
merrily
(45,251 posts)Luckily for banksters and Wall Streeters, many in both parties are willing, if not eager, to sell out the 99%.
And the big money is the soft money anyway.
Seems to be that anywhere there's big money corruption follows.
Hope your having a great day merrily.
merrily
(45,251 posts)For the most part, we are a greedy species. Some of us fight it better than others. .Some of us don't fight it at all.
I can't vote the Koch brothers out of office because I don't own enough stock in their companies. Even if I did, they and people like the Waltons have enough personal wealth to influence any politician. The only ones I can vote out are the ones in government who do their bidding and tell me they are selling me, their employer, out to special interests for my own good.
Flatpicker
(894 posts)To remove corporate funding in politics.
Call it the Warren bill? I don't care, but make it so...
Enthusiast
(50,983 posts)merrily
(45,251 posts)hifiguy
(33,688 posts)"The rights guaranteed herein shall be secured only to natural persons and not to any artificial persons or creations of law."
merrily
(45,251 posts)ratified. And, if an amendment giving women rights equal to those enjoyed by men could not even get ratified, I'm fairly certain that the ratification process would be even worse.
Besides, when you have individuals as rich personally as Soros, Buffet, Perot the Kochs, the Waltons, your amendment would not necessarily take money out of politics.
Remember, money, even foreign money, was in politics long before Citizen's United. And all we got was McCain Feingold, which was totally voluntary on the part of the candidate and which even McCain violated when he ran for President.
BrotherIvan
(9,126 posts)Now running a presidential campaign costs over $1 Billion. Who else do we think is going to win but a servant of the moneyed class.
merrily
(45,251 posts)The FEC agreed to let him off with just repaying the money and 'in kind" that he used (like traveling to campaign stops on his wife's plane for free), above and beyond what the law allowed and did not prosecute him.
Obama had agreed to proceed under McCain Feingold, providing the Republican nominee did the same, but changed his mind, while McCain kept his verbal undertaking, in theory, but then violated the law. Reneging on a campaign statement, as Obama did, is not a violation of the law. What McCain did is a violation.
BrotherIvan
(9,126 posts)But the fact that Obama opted out first has always stuck with me. I was very, very disappointed to say the least.
merrily
(45,251 posts)Maybe there should be consequences to violating statements made during a campaign with the intent of getting votes. But, so far, there aren't any. Under a 2 party system that is as tight as ours, there are not even noticeable consequences at the ballot box.
BrotherIvan
(9,126 posts)Sadly, that is gone. Look at the Cruz/Obamacare flip flop right now. They just let him spout the most idiotic lies, turn a complete 180, then lie some more. The fact that someone like Cruz and the brother of the worst president we've ever had can run tells you how unbelievably bad it is.
merrily
(45,251 posts)That is because this country decided that deregulation was a great idea and preventing monopolies was a bad idea. Every President from Nixon to Obama.
lovemydog
(11,833 posts)joshcryer
(62,277 posts)Lot of talk, little action.
RiverLover
(7,830 posts)merrily
(45,251 posts)joshcryer
(62,277 posts)Making them more valuable. She doesn't want to nationalize the banks, she wants to break them up so the investors will make bank.
MannyGoldstein
(34,589 posts)merrily
(45,251 posts)joshcryer
(62,277 posts)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.
paleotn
(17,989 posts)There's far, far more value in oligarchical control of the global financial system. Had smaller financial institutions with limited reach been more valuable than global goliaths, we wouldn't have seen the industry consolidate as it has since the early 80s. You should really hide your irrational Warren hatred a bit better than that.
joshcryer
(62,277 posts)According to Warren. Do you think Warren is wrong about bank divestment?
paleotn
(17,989 posts)...to reduce risk in the global financial system and hopefully avoid another 2008 meltdown. Your investor profit meme is fantasy. If it were true, shareholders would be clamoring for the break up of certain large financial institutions. Efficient markets and all that clap trap. They haven't so your point is utter and complete bullshit. But I guess haters just got to hate.
joshcryer
(62,277 posts)Warren was the one to bring up bank value and blamed complexity.
You are deflecting.
paleotn
(17,989 posts)...if there were significant value in breaking up Citi, JP Morgan, BoA and others, it would at least be in the works already. If anything, consolidation has continued virtually unrestrained. M&A activity in the financial sector continues. Those utter fools! Don't they know divestiture is where the real shareholder value lies?!
joshcryer
(62,277 posts)We haven't forgotten savings and loan.
Warren made the argument about investors. Your mockery is so hilarious because you are directly mocking Warren's OWN argument!
rhett o rick
(55,981 posts)of cutting off competition. How does breaking up monopolies make them more money?
joshcryer
(62,277 posts)She grilled the fed why the banks were undervalued!
rhett o rick
(55,981 posts)breaking up banks will make them more profitable, please show me the origin of the quote. She is trying to reduce their power and making them compete will do that.
MannyGoldstein
(34,589 posts)merrily
(45,251 posts)if you are elaborating as TWM or not.
MannyGoldstein
(34,589 posts)merrily
(45,251 posts)I kid you.
Response to joshcryer (Reply #9)
Post removed
MannyGoldstein
(34,589 posts)when you feel comfortable enough to come out of your shell and share your honest feelings with us.
I hope to be in a blastproof structure when that happens; advance warning would be appreciated.
Zorra
(27,670 posts)rhett o rick
(55,981 posts)I thought you were a female. I admit I am old and probably not up to the latest stuff, but ???
I know you can't respond, just wanted to express my confusion.
merrily
(45,251 posts)joshcryer
(62,277 posts)merrily
(45,251 posts)joshcryer
(62,277 posts)The jury at least didn't appear to agree.
merrily
(45,251 posts)joshcryer
(62,277 posts)If you think it is, then OK, I guess.
merrily
(45,251 posts)but stopping one of Hitler's rants with "Blow me" would have been, IMO, very brave in a good cause and being very brave in a good cause is, IMO, classy.
But again, the point was that it is not any part of a DU's jury's job to decide whether a DUer is classy or not.
joshcryer
(62,277 posts)I don't think they were making any statement other than a baseless insult to an internet poster without any substance whatsoever.
It's embarrassing what passes for substance these days.
FYI, I'm literally the only poster in this thread who dares to question Warren's sincerity when it comes to breaking up the banks. All it takes it a tiny bit of drafted legislation. That's it. That would prove so much. But I wait and wait. I encourage her to do it. She'd have at least a dozen or two Democratic Senators behind her. The banks are too complex. Breaking them up only makes sense.
Oh! And Sanders is on the banking committee and is a really great negotiator. He could get it out of committee (and he could do it by making Warren's own argument that the banks are undervalued because they're difficult to assess for investors, investors aren't investing in the banks because they don't want them to fail).
merrily
(45,251 posts)Disagree with the rest of your post and with the rest of your contribution to this thread.
joshcryer
(62,277 posts)You diverted to some silly metaphor about Hitler. If you think it was classy to say "blow me" to someone asking for legislation, I think that's fine, but I would have to disagree.
I edited my post, btw, getting a vote on legislation to break up the banks is not terribly difficult. Sanders is on the banking committee. Making Warren's own argument that the banks are undervalued due to how big they are is the perfect way Sanders can get the one vote he needs.
But since Warren won't even co-sponser significant liberal legislation out there (such as the Climate Protection Act, or the Follow the Money Act, or the Ending Secret Laws Act), it's unsurprising she's failed to do a damn thing so far with regards to breaking up the banks.
BTW, her reticence on the Follow the Money Act makes me laugh every time someone calls for her to support legislation that will get big money out of politics. And yes, I've called her office, I have never gotten a reason why she won't support it (or the others I mentioned).
merrily
(45,251 posts)feel compelled to repeat myself. Besides, if you keep posting to me, to you, that's apparently an indication of how clever you are. However, if I reply when spoken to, as I was raised to do, to you, that's something for you to gossip about on and on with with other DUers who also disagree with my politics. And that's so boring. So, for at least the tenth time, I gladly give the last word to you--and, so far, you've always accepted it.
joshcryer
(62,277 posts)I am gracious that you are "letting me" have the "last word" after comparing me to some "high school mean girl." And "politely responding" when being spoken to. You know that you are the one who initiated comments to me, by defending classlessness, of all things.
Fortunately for me I don't have to endure some long winded explanation as to why Warren doesn't sponsor some liberal legislation and why she's literally in the group of Third Way people when it comes to supporting progressive legislation. I don't have to hear the pained explanation as to why she doesn't draft legislation to break up the banks, either.
BeanMusical
(4,389 posts)rhett o rick
(55,981 posts)joshcryer
(62,277 posts)They can't be allowed to be a to big to fail risk. That was Warrens biggest point as she oversaw TARP.
byronius
(7,401 posts)Wonkette rules.
turbinetree
(24,720 posts)She hit's a nerve doesn't she bankster's, are you afraid, she has a lot more citizens that back her than you, your money can't corrupt a principle it only corrupts the process .
Ms. Warrens
LittleBlue
(10,362 posts)Augiedog
(2,548 posts)How about a Wall Street roast
hifiguy
(33,688 posts)of a pig roast!
flobee1
(870 posts)The banksters theme song
liberal_at_heart
(12,081 posts)Dems to Win
(2,161 posts)SheilaT
(23,156 posts)who think Hillary Clinton is such a fabulous choice for President. Just show one time when she has stood up to the banks or the oil companies or any of the entrenched powers. She just never has. She kow-tows to them quite happily. And people think THAT'S what we want for a President?
I keep on being reminded of the comment (by Paul Krugman, I believe) that Newt Gingrich was a stupid person's idea of a smart person. Well, to me Hillary Clinton is an uninformed voter's idea of a liberal.
merrily
(45,251 posts)Sometimes, people know exactly what they are aiming at and simply do not want the same things as you do. They are not all seeking the same things you are or motivated by the same things you are and simply confused about how to get them. They just want something different than you do to begin with.
I've been chastised at DU more than once for pointing out that Hillary was a founding member of the DLC and has behaved consistently with that and with the Third Way. Their criticism was not necessarily that I was mistaken about the facts because I am not. Rather, their beef was that my implication was that Third Way was undesirable, when they thought it was good.
Others do post that they are very liberal, but that they are also "pragmatic" or looking to the most electable candidate. I think that is true of some, but that others who say those things are not liberal at all. JMO. And some even say Hillary is liberal, even though I think it's fairly clear she is not and she does not claim to be.
Once again "Hits it out of the park!"
Btw, baseball season starts April 5th...
That's what I like about you merrily, you're always ahead of the game.
JonLP24
(29,322 posts)to say things like that but she has a very important job now so I can understand. I'm currently on the Bernie Sanders bandwagon myself.
Recommend.
JonLP24
(29,322 posts)Oh my god. She says this right after Howard Dean said don't "soak the rich".
http://sync.democraticunderground.com/?com=view_post&forum=1002&pid=6351511
Scuba
(53,475 posts)Martin Eden
(12,875 posts)... it would be a step in the right (left) direction.
antigop
(12,778 posts)JEB
(4,748 posts)Greedy Un-American traitors.
treestar
(82,383 posts)She is not dumb enough to think we can go back to local banks. Which could be corrupt without being noticed.
The CCC
(463 posts)Tax the rich at the 91% rate like that of republican Eisenhower.
colsohlibgal
(5,275 posts)It's refreshing to see a democrat who gets it and isn't afraid to call it like she, and anyone else without figurative myopia, sees it.
Barney Franks made me shake my head last night watching Maher's show. He said we needed to keep Dodd-Frank from being cut enough to cause more problems like 2008. Newsflash Barney, it's already been declawed enough, and the bill wasn't what was really called for to begin with.
If Hillary is the nominee I hope she sees the light between now and then. She could be a hero like FDR if she changes course and goes after the plutocrats. Of course that's likely just a dream, since she gets so much funding from Wall Street Banksters.
red dog 1
(27,872 posts)Warren For President in 2016!!!
http://elizabethwarren.com/blog/wall-street-isnt-happy-with-us
world wide wally
(21,755 posts)That is a hint to other Democrats running for anything!
cui bono
(19,926 posts)to threaten anyone then.
Very telling. Very telling indeed. They know she is resonating with the voters in a very real way.