Stephen Colbert on Wall Street's hatred of Elizabeth Warren

[G_j]

http://www.dailykos.com/story/2014/05/20/1300623/-Stephen-Colbert-on-Wall-Street-s-hatred-of-Elizabeth-Warren?detail=facebook

Stephen Colbert on Wall Street's hatred of Elizabeth Warren
byBruinKid

Last night, Stephen Colbert looked at Wall Street's hatred of Elizabeth Warren, who was his guest as well.

And now she's introduced the Bank on Students Emergency Loan Refinancing Act, a bill so socialist, that socialist Senator Bernie Sanders praised it, saying:
SEN. BERNIE SANDERS, I-VT (5/17/2013): The only thing wrong with this bill is that Elizabeth thought of it and I didn't.
(audience laughter at picture)
She's out-commie-ing the commie!

Video and full transcript below the fold.
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But folks, whether you're an American or a Lady-American, things are going great in this country right now. The Dow is over 16,000! And that is a lot of Dows. I mean, to put that in layman's terms, if you took 16,000 Dows and laid them end to end, that would be almost five Nasdaqs. And I hope I don't have to tell you what that means, cuz I would have to ask someone else. (audience laughter)
We've come a long way since 2008 when the economy cratered, thanks to Obama's misguided running for President. (audience laughter) I think. I was preoccupied with the last season of According to Jim. It was a dark time for everyone. And folks, this recovery is all thanks to our heroic banks, who faced with possible extinction, hunkered down and got to work accepting the all the money in the world that we gave them. And all they asked in return is that we not ask anything in return. Or ever bring the subject up again. (audience laughter)

But some want to destroy our banks, like Massachusetts Senator and school librarian you had a crush on, Elizabeth Warren. (audience cheering and applause) She is credited with the creation of the Consumer Financial Protection Bureau, and argued for its existence on the world's most respected financial program.

5/3/2010:
ELIZABETH WARREN: I want a strong consumer agency to make sure....

STEPHEN COLBERT: What would they do?

ELIZABETH WARREN: What they would do is make sure that we can all read our credit card agreements.

STEPHEN COLBERT: Can you read your credit card agreement?

ELIZABETH WARREN: Not the ones we have now. They're about 30 pages long, tiny little print.

STEPHEN COLBERT: You're a professor of contract law at Harvard University.

ELIZABETH WARREN: That's right.

STEPHEN COLBERT: And you can't read them.

ELIZABETH WARREN: That's right. It's designed not to be read.

..more..

[WillyT]

1. K & R !!!

[toby jo]

2. She knows how to fight them cause she doesn't take it personally.

Their hatred is for any force that makes them behave; that shows the dysfunction of the system to be their own greed.

[Brigid]

3. I haven't seen "The Wolf of Wall Street" yet, but . . .

It seems like it's about a giant frat party. If it's a bunch of overgrown frat boys hating her, I think Warren should take it as a compliment.

"Banking should be boring.". I love that quote!

[Lucky Luciano]

5. Wolf of wall st is the blue collar crime of Wall Street.

The white collar crime of Wall Street I think is what you usually think about when it comes to banksters etc - e.g. what crashed the world economy.

It isn't so frat boy at that white collar level. They do have some party people, but for the most part, they are pretty serious and kind if nerdy.

[Scuba]

4. He's brilliant, almost as bright as she.

[spooky3]

9. They both cut right to the chase and are courageous.

I admire both.

[Jefferson23]

6. ELIZABETH WARREN: That's right. It's designed not to be read.

Of course they hate her, she knows exactly what they're always trying to do.

K&R

[truedelphi]

7. K & R so I can find this later on.

Big round of applause for both Stephen and Elizabeth

[rgbecker]

8. Keyword: "It's designed not to be read."

Says it all.

[Skittles]

10. she is correct

for a lark I tried reading one and it makes your head spin

[G_j]

11. exactly

it's a farce, but not so funny, as it's designed to leave them with all the cards and you basically none.