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- Joan Baez diffuses right wing protest at Idaho concert
- Phyllis Schlafly gets schooled by a 12-year-old
- Repeat after me: President. Obama. Is. Black.
- Bill Moyers and Paul Krugman: ‘What the one percent don't want you to know’
- EXPOSED: The source of Cliven Bundy's crackpot constitutionalism
- A bridge too far? Scandal of the Pulaski Skyway may end Christie's presidential ambitions
- Epidemic of GOPer virus will kill thousands in red states
- The real IRS scandal that's costing Uncle Sam trillions
- Tea Party militias plan American Spring
- You want to know what's wrong with Common Core?
- Housing Secretary: ‘The worst rental affordability crisis that this country has ever known’
- Here come the positive campaign ads. Wait, what?
- Cardinal Dolan says women can just go to 7-11 for their health care
- Guess who skipped South Carolina event honoring anti-segregation judge?
- Americans find something else not to effing believe in
- MUST-SEE: Jon Stewart rips into Cliven Bundy and his demented defenders
- Actual Republican Senate candidate says democracy is socialism
- After citizen complaints, controversial Missouri mayor resigns
- Bush administration labeled Bundy Ranch-style outlaws domestic terrorists
- PHOTO: Rick Perry is back and he's even awesomer than before, and oh, those glasses make him look so SMART!
- Republican at the heart of the Susan G. Komen scandal explains the reason why she’s electable
- Cartoon: Let's talk about checks
- Scott Walker's ‘less dependence on government’ ad features recipient of over $1 million in government subsidies!
- Florida students protest Koch influence over college professors
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- How evil will a Republican be to deny a poor person health care? This evil.
- AMAZING: Jury awards $3 million in first fracking case
- StopRush forces desperate Clear Channel measures in Los Angeles
- Justice Sonia Sotomayor reads her scathing dissent from the bench in affirmative action ruling
- The KKK forms neighborhood watch group in Pennsylvania
- Where I disagree with Chris Hayes on ‘understanding’ conservatives
- NYT realizes swing voters are a myth
- Jon Stewart skewers how the right-wing reacts to male vs. female politicians
- Cartoon: Smart Guns
- Moyers: ‘Government is now a protection racket for the one percent,’ Krugman: ‘Why we’re in a new Gilded Age’
- Candidate for governor in Maryland says being in the military isn't a 'real job'
- NYPD inadvertently invites people to tweet pictures of police brutality
- Rush Limbaugh is in ruins — Bad news coming from every direction — including the right
- Fox’s Dana Perino called President Obama what?
- Sen. Harry Reid Calls Bundy supporters 'domestic terrorists,' FOX freaks out, Reid stands by his words
- Fox News warns of the Unholy War on Easter
- Cartoon: George W. Bush’s art of legacy
- Kentucky Dems royally screw over Rand Paul’s 2016 plans
- Rand Paul wants to know when U.S. economy last created millions of jobs. Here’s the answer.
- Republicans finally respond to good Obamacare news
- Missouri mayor faces possible impeachment over racist remarks
- Mississippi GOP shocked—shocked!—to find neo-Confederates in its ranks
- Meet the Republicans who are scared of Republicans taking over the Senate
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Showing posts with label Bill Moyers. Show all posts
Showing posts with label Bill Moyers. Show all posts
24 April 2014
DAILY KOS RECOMMENDED 19-23APR14
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15 February 2013
Elizabeth Warren Embarrasses Hapless Bank Regulators At First Hearing (VIDEO) 14FEB13
SEN ELIZABETH WARREN D MA fired another warning shot over the bow of the government financial industry regulators and I'll bet some of them almost shit their pants. She is giving fair warning that as long as she is serving on the Senate Banking, Housing and Urban Affairs Committee they are going to be held accountable for their actions and inaction in addressing the criminal actions of the U.S. bank-financial cabal. Watch the video, she is fair and firm without resorting to demeaning the members of the panel. From HuffPost, followed by a video on Bill Moyers interviewing Neil Barofsky on the need for banking reform.
http://youtu.be/liaUFcjPTxo
WASHINGTON -- Bank regulators got a sense Thursday of how their lives will be slightly different now that Elizabeth Warren sits on a Senate committee overseeing their agencies.
At her first Banking, Housing and Urban Affairs Committee hearing, Warren questioned top regulators from the alphabet soup that is the nation's financial regulatory structure: the FDIC, SEC, OCC, CFPB, CFTC, Fed and Treasury.
The Democratic senator from Massachusetts had a straightforward question for them: When was the last time you took a Wall Street bank to trial? It was a harder question than it seemed.
"We do not have to bring people to trial," Thomas Curry, head of the Office of the Comptroller of the Currency, assured Warren, declaring that his agency had secured a large number of "consent orders," or settlements.
"I appreciate that you say you don't have to bring them to trial. My question is, when did you bring them to trial?" she responded.
"We have not had to do it as a practical matter to achieve our supervisory goals," Curry offered.
Warren turned to Elisse Walter, chair of the Securities and Exchange Commission, who said that the agency weighs how much it can extract from a bank without taking it to court against the cost of going to trial.
"I appreciate that. That's what everybody does," said Warren, a former Harvard law professor. "Can you identify the last time when you took the Wall Street banks to trial?"
"I will have to get back to you with specific information," Walter said as the audience tittered.
"There are district attorneys and United States attorneys out there every day squeezing ordinary citizens on sometimes very thin grounds and taking them to trial in order to make an example, as they put it. I'm really concerned that 'too big to fail' has become 'too big for trial,'" Warren said.
A Warren constituent, open-Internet activist Aaron Swartz, recently committed suicide after being hounded by federal prosecutors who reportedly said they wanted to "make an example" of him. Warren had met and said she admired Swartz and, after he died, expressed her concern by attending his memorial in Washington.
The financial regulators can blame, at least in part, Wall Street lobbyists (along with outgoing Treasury Secretary Tim Geithner and Senate Republicans) for their embarrassing turn at the hearing. Warren would have been on the panel herself representing the Consumer Financial Protection Bureau, instead of a sitting senator, if her nomination to head the agency hadn't been thwarted in 2011.
Published on Oct 26, 2012
Between President Obama's ineffectual proposals and Mitt Romney's loving embrace, bankers have little to fear from either administration, and that leaves the rest of America on perilously thin economic ice. Neil Barofsky, who held the thankless job of special inspector general in charge of policing TARP, the bailout's Troubled Asset and Relief Plan, joins Bill to discuss the critical yet unmet need to tackle banking reform and avoid another financial meltdown.
Currently a senior fellow and adjunct professor at the New York University School of Law, Barofsky is the author of Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street
Currently a senior fellow and adjunct professor at the New York University School of Law, Barofsky is the author of Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street
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