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(Business Insider)   Elizabeth Warren on the Senate Banking Committee? I just felt a strange disturbance in the force, as if thousands of stockbrokers cried out, and then were suddenly silenced   (businessinsider.com ) divider line
    More: Interesting, senate banking committee, Herb Kohl, Daniel Akaka, committees  
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3470 clicks; posted to Politics » on 15 Nov 2012 at 4:25 PM (3 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-11-15 12:35:56 PM  
Yes! That would be awesome!
 
2012-11-15 12:39:19 PM  
She seems a lot like Ralph Nader, except she's electable. Hopefully she isn't warped by Washington too badly.
 
2012-11-15 12:58:47 PM  
WON'T SOMEBODY THINK OF THE POOR BANKERS!
 
2012-11-15 01:02:29 PM  
that would be amazing...
 
2012-11-15 01:08:35 PM  

1.bp.blogspot.com

 
2012-11-15 01:17:47 PM  
i.imgur.com
 
2012-11-15 01:27:57 PM  
Some lobbyist is gonna shut that down.
 
2012-11-15 01:31:18 PM  

Weaver95: that would be amazing...


Damn right.

I think Republicans are going to rue the fact that they blocked her when Obama tried to appoint her to an office whose title eludes me at the moment (help anyone?). I think she's going to be much more dangerous in the senate than she ever would have been otherwise.
 
2012-11-15 01:35:05 PM  

SilentStrider: Weaver95: that would be amazing...

Damn right.

I think Republicans are going to rue the fact that they blocked her when Obama tried to appoint her to an office whose title eludes me at the moment (help anyone?). I think she's going to be much more dangerous in the senate than she ever would have been otherwise.


I just hope nobody takes a shot at her. I want her to live a long, productive life in the Senate and hope she asks many uncomfortable questions of our bankers.
 
2012-11-15 01:45:28 PM  

SilentStrider: Obama tried to appoint her to an office whose title eludes me at the moment (help anyone?).


It was to head the fledgling Consumer Financial Protection Bureau.
 
2012-11-15 01:46:13 PM  

Three Crooked Squirrels: SilentStrider: Obama tried to appoint her to an office whose title eludes me at the moment (help anyone?).

It was to head the fledgling Consumer Financial Protection Bureau.


And now she's a US Senator. GREAT move there Republicans!
 
2012-11-15 01:52:07 PM  
[imokwiththis.jpg]
 
2012-11-15 02:01:08 PM  

Weaver95: And now she's a US Senator. GREAT move there Republicans!


I can't imagine a worst possible outcome for the people who tried to block her.

pixel.nymag.com

Oh, wait. Yes I can :)
 
2012-11-15 02:35:03 PM  
Yes, please. She would be great on that committee.
 
ZAZ [TotalFark]
2012-11-15 03:01:59 PM  
The committee won't do anything useful with or without a junior senator providing a vote along party lines when demanded. Their institutional method is thousands of pages of detailed, thoroughly lobbied, exploitable rules.

If you want to spank the financial industry do it with short, simple clauses. I would start with something along these lines, mostly expressible in single paragraphs.

* Consumer credit is subject to regulation where the consumer lives, not where the bank lives.

* Arbitration clauses in contracts of adhesion may be voidable under state law notwithstanding the normal federal preference for arbitration.

* Higher tax on stock transactions, ban so-called "high frequency trading." (Some details will have to be delegated to federal rulemaking which could end up voluminous.) In a digital world professional arbitrageurs have little value to society. I don't buy the "consumers would be screwed without liquidity" argument.

* Limit creation of financial instruments that are bets against a company, commodity, or other thing of value. Any legal bets by public companies (like traditional option trading) must be limited so that if the underlying thing loses all value the company is solvent. Write the language so traditional insurance and legitimate business loans aren't banned. The general principle here being that you make money by taking risks, not by betting, and the risks must be understandable. Hard to write this short, but it has to be simple or it becomes a maze of loopholes.

* Corporate compensation reform along the lines of Roger Martin's Fixing the Game, e.g. no stock sales by high level employees of public companies within a year or a few years of employment.
 
2012-11-15 03:32:34 PM  

Three Crooked Squirrels: SilentStrider: Obama tried to appoint her to an office whose title eludes me at the moment (help anyone?).

It was to head the fledgling Consumer Financial Protection Bureau.


Thats it, thanks.
 
ZAZ [TotalFark]
2012-11-15 03:37:55 PM  
After the phone call a minute ago I have a useful task for Senator Warren after she's done voting on the simple, important stuff. The FTC recently offered a bounty of $50,000 for the figurative head of "Rachel" from cardholder services. Find a way to actually prevent these phone calls by making them unprofitable. Cutting off literal heads, enforcing existing fraud laws for real, minimum fee to originate a phone call, something.  Not a 1,000 page anti-Rachel bill for show, a real solution that respects rights while providing sound economic and cervical vertebral incentives.
 
2012-11-15 04:29:03 PM  
I'm holding out hope she doesn't become corrupted by the influence of the older senators serving on that committee.
 
2012-11-15 04:29:59 PM  

cpw49684: Yes, please. She would be great on that committee.


Just hoping that the money doesn't change her.
 
2012-11-15 04:30:09 PM  
Good.

/the silence part.
//and putting Warren where she can do some good.
 
2012-11-15 04:30:27 PM  
There's at least one on-line petition pushing for E.W. to be appointed to the banking committee. Link
 
2012-11-15 04:30:44 PM  
Hah! Did anyone put out the Bank Signal? I'm sure our favorite Fark water carrier for high-end finance will be here to bemoan this development.
 
2012-11-15 04:31:49 PM  
Oh please, this is why she was sent to the Senate in the first place.
 
2012-11-15 04:32:49 PM  
is it just me, or does anyone else want to have a romp with her?
 
2012-11-15 04:34:15 PM  
That loud "Oh!" you hear is millions of liberals creaming their pants.
 
2012-11-15 04:35:16 PM  

SuperT: is it just me, or does anyone else want to have a romp with her?


Summoner101: That loud "Oh!" you hear is millions of liberals creaming their pants.


This was an amusing juxtaposition.
 
2012-11-15 04:35:44 PM  
It's weird and sad that someone like her is such an anomaly in Washington.
 
2012-11-15 04:37:29 PM  
ZAZ, I have liked what I have read in some of your 'Business' posts. Now you will be farkled green for 'fair & sound financial solutions'.'

ZAZ: * Limit creation of financial instruments that are bets against a company, commodity, or other thing of value. Any legal bets by public companies (like traditional option trading) must be limited so that if the underlying thing loses all value the company is solvent. Write the language so traditional insurance and legitimate business loans aren't banned. The general principle here being that you make money by taking risks, not by betting, and the risks must be understandable. Hard to write this short, but it has to be simple or it becomes a maze of loopholes.

 
2012-11-15 04:40:07 PM  

Virtual Pariah: cpw49684: Yes, please. She would be great on that committee.

Just hoping that the money doesn't change her.


Doesn't she have significant assets already?
 
2012-11-15 04:40:26 PM  
If they were silenced by a sudden case of hittingthepavementfromthirtystoriesupitis, I'm okay with this. Very nasty disease, I hear.
 
2012-11-15 04:41:16 PM  

SilentStrider: Three Crooked Squirrels: SilentStrider: Obama tried to appoint her to an office whose title eludes me at the moment (help anyone?).

It was to head the fledgling Consumer Financial Protection Bureau.

Thats it, thanks.


strike me down and all that...
 
2012-11-15 04:42:47 PM  

SilentStrider: I think Republicans are going to rue the fact that they blocked her when Obama tried to appoint her to an office whose title eludes me at the moment (help anyone?). I think she's going to be much more dangerous in the senate than she ever would have been otherwise.


"You can't win, Wall St. If you vote me down, I shall become more powerful than you could possibly imagine."
 
2012-11-15 04:43:21 PM  

LincolnLogolas: If they were silenced by a sudden case of hittingthepavementfromthirtystoriesupitis, I'm okay with this. Very nasty disease, I hear.


It really leaves you feeling floored.
 
2012-11-15 04:44:12 PM  
FTFA: Ultimately, if Warren wants the seat, it looks like Reid is absolutely in the position to give it to her.

So all that could possibly screw this up is Harry Reid being a simpering, Republican-appeasing douchebag? I want this as much as anyone in here, but I'm not blowing up any balloons just yet.
 
2012-11-15 04:45:12 PM  
they are all crooks working together.
 
2012-11-15 04:45:37 PM  
stockbrokers?
 
Ehh
2012-11-15 04:46:47 PM  

ZAZ: The committee won't do anything useful with or without a junior senator providing a vote along party lines when demanded. Their institutional method is thousands of pages of detailed, thoroughly lobbied, exploitable rules.

If you want to spank the financial industry do it with short, simple clauses. I would start with something along these lines, mostly expressible in single paragraphs.

* Consumer credit is subject to regulation where the consumer lives, not where the bank lives.

* Arbitration clauses in contracts of adhesion may be voidable under state law notwithstanding the normal federal preference for arbitration.

* Higher tax on stock transactions, ban so-called "high frequency trading." (Some details will have to be delegated to federal rulemaking which could end up voluminous.) In a digital world professional arbitrageurs have little value to society. I don't buy the "consumers would be screwed without liquidity" argument.

* Limit creation of financial instruments that are bets against a company, commodity, or other thing of value. Any legal bets by public companies (like traditional option trading) must be limited so that if the underlying thing loses all value the company is solvent. Write the language so traditional insurance and legitimate business loans aren't banned. The general principle here being that you make money by taking risks, not by betting, and the risks must be understandable. Hard to write this short, but it has to be simple or it becomes a maze of loopholes.

* Corporate compensation reform along the lines of Roger Martin's Fixing the Game, e.g. no stock sales by high level employees of public companies within a year or a few years of employment.



THIS.
Also, maybe hang a few of the TOP banksters
 
2012-11-15 04:46:48 PM  

TheLopper: It's weird and sad that someone like her is such an anomaly in Washington


I held such high and lofty expectations for Alan 'Don't Get Sick' Grayson & Anthony 'Look at my' Weiner. I really may be just an altruistic Pollyanna, but is there nobody at least TRYING to act like they give a damn.

i.imgur.com

Gawdamnsonofabish.
 
2012-11-15 04:47:43 PM  

The Evil That Lies In The Hearts Of Men: LincolnLogolas: If they were silenced by a sudden case of hittingthepavementfromthirtystoriesupitis, I'm okay with this. Very nasty disease, I hear.

It really leaves you feeling floored.


We'll have to see if Warren can get the drop on them.
 
2012-11-15 04:48:11 PM  
http://images.dailykos.com/i/user/1237/Warren_Face.gif
 
2012-11-15 04:49:12 PM  

theorellior: Hah! Did anyone put out the Bank Signal? I'm sure our favorite Fark water carrier for high-end finance will be here to bemoan this development.


Bookmarking this thread for when he shows up.

/and he will
 
2012-11-15 04:51:00 PM  

qorkfiend: The Evil That Lies In The Hearts Of Men: LincolnLogolas: If they were silenced by a sudden case of hittingthepavementfromthirtystoriesupitis, I'm okay with this. Very nasty disease, I hear.

It really leaves you feeling floored.

We'll have to see if Warren can get the drop on them.


financial advisers are probably not the people you hate
 
2012-11-15 04:51:35 PM  
i309.photobucket.com

When the Greed Head is dead, Warren will eat his heart.
Before he dies, Warren will put his children under the knife,
so the Greed Head will know his seed is wiped out forever.
 
2012-11-15 04:51:36 PM  

Dahnkster: TheLopper: It's weird and sad that someone like her is such an anomaly in Washington

I held such high and lofty expectations for Alan 'Don't Get Sick' Grayson & Anthony 'Look at my' Weiner. I really may be just an altruistic Pollyanna, but is there nobody at least TRYING to act like they give a damn.


Grayson is back, FYI, in case you missed it.
 
2012-11-15 04:53:15 PM  

coco ebert: Some lobbyist is gonna shut that down.


Meaning it was a legitimate election?
 
2012-11-15 04:55:02 PM  
Finally, Native Americans will bring justice to Wall Street!

I can't wait to see the smoke signals from Washington indicating the scalping of those fat cats. While I have some reservations, hopefully they're won't be too many chiefs and not enough indians to get in the way.
 
2012-11-15 04:55:34 PM  

EighthDay: Dahnkster: TheLopper: It's weird and sad that someone like her is such an anomaly in Washington

I held such high and lofty expectations for Alan 'Don't Get Sick' Grayson & Anthony 'Look at my' Weiner. I really may be just an altruistic Pollyanna, but is there nobody at least TRYING to act like they give a damn.

Grayson is back, FYI, in case you missed it.


I kind of like Franken too.
 
2012-11-15 04:56:37 PM  

beta_plus: Finally, Native Americans will bring justice to Wall Street!

I can't wait to see the smoke signals from Washington indicating the scalping of those fat cats. While I have some reservations, hopefully they're won't be too many chiefs and not enough indians to get in the way.


We get it, you're retarded. You don't have to keep proving it to us.
 
2012-11-15 04:56:45 PM  

Weaver95: Three Crooked Squirrels: SilentStrider: Obama tried to appoint her to an office whose title eludes me at the moment (help anyone?).

It was to head the fledgling Consumer Financial Protection Bureau.

And now she's a US Senator. GREAT move there Republicans!


I have a few other MA residents that were muttering about her now our Senator. I pointed out with a nice pile of glee that had the Republicans not blocked her nomination, she'd likely still be there and wouldn't have run for Senate.

Brown might have gone up against someone like Capuano, and then things would have been really interesting.
 
2012-11-15 05:02:08 PM  

skullkrusher: qorkfiend: The Evil That Lies In The Hearts Of Men: LincolnLogolas: If they were silenced by a sudden case of hittingthepavementfromthirtystoriesupitis, I'm okay with this. Very nasty disease, I hear.

It really leaves you feeling floored.

We'll have to see if Warren can get the drop on them.

financial advisers are probably not the people you hate


All I wanted to do was get "drop" in before someone else did :(
 
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