Elizabeth Warren’s Incredible 52 Second Destruction of Romney’s Alternate Reality

ProudProgressive 2012/05/15 13:13:34

Watch Elizabeth Warren’s Incredible 52 Second Destruction of Romney’s Alternate Reality
By: Jason Easley
May 15, 2012

Elizabeth Warren demonstrated why Wall Street doesn’t want her in the Senate with a 52 second destruction of Mitt Romney’s alternative reality that the banks are over regulated.

After Warren explained that there is no regulator looking over the shoulder of the big banks, and how dangerous it is for the country that they are still in charge of their own risk practices, Maddow asked her about Mitt Romney’s claims that Wall Street regulation is choking off growth, and there has been too much of a crackdown on the banks. Warren responded, “You know, you really want to say did he hear what Jamie Dimon just said? Jamie Dimon’s own words were that this was stupid. This was sloppy, so stupid, and so sloppy that it wasn’t even picked up by a regulator. There was no one to say hey, wait a minute; I want to review your risk practices. I want to see the kind of risk that this huge financial institution is taking on, because we’re just about three and a half years past the time when you took on so much risk that you brought this economy almost to its knees. So the idea that Mitt Romney thinks that the banks are over regulated. It’s an alternative reality. It’s simply not true. The problem right now is that there’s not adequate regulation.”

It only took Elizabeth Warren fifty two seconds to explain to the world that Mitt Romney’s views on bank regulation and Wall Street are out of touch with reality. She made it clear that if Romney really believes that the banks are under regulated, he is living in a fantasy world. Her remarks to Rachel Maddow are part of the reason why Wall Street is working so hard to try to keep Elizabeth Warren out of the Senate. The reason why Wall Street and the big banks and dumping money into Mitt Romney and Scott Brown’s campaigns is that they are terrified of what an Obama/Warren team might be able to accomplish.

Wall Street has nightmares about what Elizabeth Warren could accomplish in the Senate. Imagine the legislation she could put forward, the media platform she could build, and if Democrats kept control of the Senate the committees that she could eventually chair, and the hearings that she could hold. Elizabeth Warren is Wall Street’s worst nightmare, which is why they are donating millions to Scott Brown.

Wall Street isn’t trying to keep Brown in. They are trying to keep Warren out.

Mitt Romney holds the exact same view of Wall Street that George W. Bush did. Even when the Wall Street behaves badly, they are not to be regulated. It doesn’t matter if their behavior is harming millions of Americans and the entire economy. What’s good for Wall Street is good for America, except when it isn’t and Wall Street pushes the nation towards the brink of collapse, but even then regulations are evil.

Corporations and their risky decisions that ruin lives are more important than the people they harm with their behavior. Elizabeth Warren’s ideas are the antidote to this poison, and Wall Street is doing their best to try to prevent America from ever getting the cure that she so desperately needs.

Read More: http://www.politicususa.com/elizabeth-warren-romne...

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  • Charge 2012/05/15 17:39:34
    I guess the "Native American", Warren" is now on the war path... lolz.... what a moron.
    warren indian

    warren indian
  • S* Charge 2012/05/15 20:53:19
    there is not such thing as native americans. just earlier immigrants.
  • Charge S* 2012/05/15 21:57:54
    You tell them that....
    native americans

    [Copyright Image Under Review]
  • S* Charge 2012/05/15 23:22:26
    okay. I will speak very slowly, Only Earlier Immigrants.
  • Charge S* 2012/05/16 03:31:20
    Well where did they immigrate from?
  • S* Charge 2012/05/16 03:32:29 (edited)

    Recent advances in DNA sequencing reveal that American Indians have genetic characteristics in common with ancient Siberians. Using mitochondrial DNA as a reference, the Beringian migration theory has been modified. Researchers now believe that the Beringian land mass was home to the ancestors of American Indians for 15,000 years. Further glacial erosion in the northwestern part of the American continent allowed subsequent migration deeper inland. While archaeological artifacts are lacking, DNA evidence nevertheless points toward a migratory route that originated in Asia.
  • Charge S* 2012/05/16 03:49:10
    What about from Central America?
    An immigrant is one who migrates to another country usually for permenant residency' there were no countries established when these people came here.
  • S* Charge 2012/05/16 03:55:24 (edited)
    well, actually, there was no one in central or south america then, they traveled from asia to canada, then down to parts south. no passports then.
  • Charge S* 2012/05/16 14:35:06
    No countries either.
    I think the term Native, in this case, means 'original'.
  • S* Charge 2012/05/16 23:22:15
    they are originally asian
  • Charge S* 2012/05/17 00:25:15
    Native Americans are considered Indigenous.
    According to a prevailing New World migration model, migrations of humans from Eurasia to the Americas took place via Beringia, a land bridge which connected the two continents across what is now the Bering Strait. The most recent migration could have taken place around 12,000 years ago, with the earliest period remaining a matter of some unresolved contention. These early Paleo-Indians soon spread throughout the Americas, diversifying into many hundreds of culturally distinct nations and tribes. According to the oral histories of many of the indigenous peoples of the Americas, they have been living there since their genesis, described by a wide range of traditional creation accounts.
    Eurasia is a geographical continent. It refers to the uninterrupted landmasses with their associated islands and regions, surrounded by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea, the Suez Canal, along the Sinai Peninsula, the Red Sea and the Indian Ocean to the south, and the Pacific Ocean to the east.
    That's more than Asia.
  • S* Charge 2012/05/17 00:32:38
    fair enough.
  • RJ~PWCM... S* 2012/05/15 21:58:49
    Good point!
  • Charge RJ~PWCM... 2012/05/15 22:17:08
    They come from different places, however there was no country to immigrate to, the whole of north America was open space!
  • RJ~PWCM... Charge 2012/05/15 21:58:41
    lol, good one!!!
  • S* Charge 2012/05/16 03:41:07

    Indians never used percentage of blood to determine who was a member, it has been thrust upon them by the white man, if you were in the tribe, you were family. Seems quite sound reasoning to me.
  • Charge S* 2012/05/16 03:50:54
    SHE claimed to have Native American blood.... She's not in a tribe except by self-proclamation.
  • S* Charge 2012/05/16 04:02:42
    I always wanted to be part indian, but my aunt was scandalized with the thought, and any time we wanted to crank her into the overhead, we would suggest that with our background, there was every reason to believe we had indian blood. She would get so worked up. Makes me smile now.
  • sjalan 2012/05/15 15:40:18
    Elizabeth Warren would be an excellent choice for VP with Hillary Clinton in 2016. We most definately need her in the US Senate today.
  • ProudPr... sjalan 2012/05/15 15:52:49
    Actually, I would give her serious consideration for the top spot on the ticket. (Plus I don't think Hillary is going to run)
  • Mel the... ProudPr... 2012/05/15 20:53:37
    Mel the Witch POTL PWCM~JLA
    That's right you liberal Love Liars.... So she'll fit right in
  • S* Mel the... 2012/05/16 06:59:01
    what is the lie that is a capital offense?
  • Mel the... S* 2012/05/16 10:24:53
    Mel the Witch POTL PWCM~JLA
    Cause she's liberal that's enough
  • Mel the... sjalan 2012/05/15 20:52:54
    Mel the Witch POTL PWCM~JLA
    She needs to be Hung!!
  • Contarded Guru Chickenhawk 2012/05/15 15:32:53
  • RJ~PWCM... Contard... 2012/05/15 21:59:25
    You mean Chief Spreading Bull has ROCKS in her HEAD.
  • Contard... RJ~PWCM... 2012/05/15 22:13:06
  • RJ~PWCM... Contard... 2012/05/15 23:36:59
    It's you and Warren who are blowing it out of your ass.

    Or are you so unawares that you don't know that The Boston Globe has admitted that there is NO EVIDENCE of any Indian heritage, Cherokee or otherwise, in Chief Full-of-Crap's family background.
  • Contard... RJ~PWCM... 2012/05/16 14:39:00
  • luvguins 2012/05/15 15:06:03
    We desperately need Elizabeth Warren in the Senate. Scott Brown is Wall Sts shill, and will work to keep any regulations away from them when Glass-Steagall needs to be reinstated and the big banks need to be broken up. If not we will be looking at another finacial meltdown as these Wall St. gamblers will not change their practices if left alone.
  • Lady Wh... luvguins 2012/05/15 21:13:24
  • Keeping It Real 2012/05/15 14:49:04
    Keeping It Real
    She knows what she's talking about!
  • Jimbo 2012/05/15 14:31:28
    The regulation of banks were watered down with holes in the firewall. Chase used one of these holes to gamble on derivatives and lost 2 billion dollars. Romney would let the fire rage uncontained out of control consuming all of us like the crash of 08.
  • RJ~PWCM... Jimbo 2012/05/15 22:00:22
    You have absolutely NO IDEA what you're talking about.

    I highly doubt you can explain how JPM "used one of these holes." You couldn't even explain what the "hole" is.

    Mainly because what you say is completely false.
  • mich52 2012/05/15 13:36:42
  • Sport_Geoff 2012/05/15 13:28:36
    I think what may become evident over the next few months as more is revealed about JPMorgan Chase's buffoonery is that Dodd- Frank was poorly crafted in it's regulatory policy. While JPMorgan may have acted foolishly, irresponsibly, and probably in their best interest (not their customers) chances are it will be revealed that everything is just over the proverbial line of being legal.

    The government is notorious for enacting legislation and policy without thinking through everything and the negative effects it potentially has. I speak from experience as I have been all but financially ruined as a result of some ignorant regulations that became (law) that ultimately damaged the profession and was repealed in 2010 after it was too late. It actually was a shift of power and money back to the Wall Street Banks.
  • sjalan Sport_G... 2012/05/15 15:41:49
    All the more reason we need Elizabeth Warren in the Senate.
  • Sport_G... sjalan 2012/05/15 15:51:54
    She definitely IS NOT the answer or did you miss the news last week about her lying about her heritage to get special consideration? There isn't a damn one of them right now from any party that should be allowed to stay. All incumbents should be voted out but the choices for replacement kinda suck also.
  • ProudPr... Sport_G... 2012/05/15 16:08:59
    She didn't lie about anything. She was told by her own family what her heritage was and she believed it. It may be accurate, it may be inaccurate, but it is what she believes.

    That's one thing many on the Right don't seem to understand about the concept of "lying". Lying, to me, is making a statement of fact that is not true at a time when the person making the statement of fact knows it's not true. If I say "the Mets won the world series last year" that's a lie, because in fact the Mets didn't win and I know they didn't win. But if I say "the Mets will win the world series this year" that's not a lie, even though I know that their chances are exceedingly slim. So, for instance, when the President said he would close Guantanamo within a year, that was not a lie because at the time that was his intention and he honestly believed it would be done. He didn't anticipate the level of obstructionism from the Right and he did what he could to make it happen. Yet that will invariably show up on the lists you folks constantly post of "Obama's lies." The President has not lied about anything. He's been mistaken on occasion, and he has not been able to follow through on everything he has planned, but that's about it.
  • Sport_G... ProudPr... 2012/05/15 16:20:14
    Obama evolves or has been mistaken and now she was given bad information about her family..........AND THE EXCUSES CONTINUE

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