Elizabeth Warren: 'I Don't Understand The Logic' Of Congress Not Acting On 'Too Big To Fail'

[UCmeNdc]

Sen. Elizabeth Warren (D-Mass.) spoke on the five-year anniversary of the financial crisis, saying Congress should act to end "too big to fail" financial institutions.

"There are many who say, sure, 'too big to fail' isn't over yet, but Congress should wait to act further because the agencies still have to issue a bunch of Dodd-Frank's required rules,'" Warren said, according to her prepared remarks. "True, there are rules left to be written, but that’s because the agencies have missed more than 60 percent of Dodd-Frank’s rulemaking deadlines."

Warren touted the new Glass-Steagall Act as a potential solution, and said she doesn't understand "the logic" in Congress waiting to step in and stop unfair advantages to large banks over their smaller peers.

"I don't understand the logic," she said. "Since when does Congress set deadlines, watch regulators miss most of them, and then take that failure as a reason not to act?

http://www.huffingtonpost.com/2013/09/12/elizabeth-warren-too-big-to-fail_n_3913509.html

[Little Star]

1. I do love me some Elizabeth Warren! k&r

[Cryptoad]

15. Loving me some Lizzy too

Look at whose Procedural moves and policies Protect the Super Rich... you will see that 99% on it is the Party of the TeaTards.....The GOP!!!!!!

[democrat2thecore]

24. Absolutely! She believes in "real hope and change" from her heart - not just marketing -nt

[apnu]

2. Sorry Liz, logic has nothing to do with it.

Its about greed and who greases who's palm and when. Everything else that Congress does after that is an accident.

[MannyGoldstein]

3. Oh, I think she knows the logic

But it's an impolite logic to discuss in public.

[phantom power]

5. +1

[FiveGoodMen]

23. +2

[Larry Ogg]

26. It's impolite to discuss to big to fail ponzi schemes...

Especially when the said ponzi scheme just happens to be the monetary system we the sheepeople are so fond of, even though it robes them blind and turns them into debt slaves.

[libdem4life]

4. She is managing to stay in the news cycle pretty regularly. A couple of recognizable

big wins for the people/country and she will have the name recognition and the reputation due her as a REAL leader for the common person/middle class. Thus, she's definitely on track for national office, minimum cabinet position and maybe, if the timing gods are with her, the Presidency.

[MannyGoldstein]

10. Maybe she'll hold weekly press conferences, like FDR. nt

[libdem4life]

16. She has the gifts of intelligence, fairness, passion the ability to communicate

as well as fearlessness in the face of Capitalist Power. I'd go for a small dose of hope for the "peasants" weekly...good idea.

[Ninga]

6. Warren is a perfect example of someone who knows how to message...

Marketing is most effective when dripped..often...simply...often...weaving the message into every opportunity.

Just. Smart.

[PoliticAverse]

7. "Follow the money." n/t

[L0oniX]

8. Surely she is joking. n/t

[Scuba]

9. C'mon Elizabeth, you do too understand. Go ahead and call out your corrupt colleagues ...

... and let the sunlight shine on their malfeasance.

[tblue37]

18. She has to walk carefully. If she is too blunt, she will get marginalized faster than

Last edited Thu Sep 12, 2013, 04:30 PM - Edit history (1)

you can say, "Kucinich."

But by staying just this side of the line, she gets her point across, puts pressure on her colleagues by shining unwanted media attention on their actions (or the absence thereof), and doesn't give the media ammunition for calling her screechy or "bitchy," which is what they want to do to an outspoken woman.

[Scuba]

19. Thank you. Your post perfectly explains why I would fail at politics. I suspect you're right here.

[mindwalker_i]

11. The logic is simple

A good part of congress isn't interested in keeping markets stable, making sure players play by the rules, or, in general, running the country. This is just their training ground for a lobbyist job or, failing that, a way to tap into the vasy money flows of corporations either for their direct benefit or to fill campaign coffers so they can keep their jobs until they get lobbyist jobs.

I'd like to say this is only a problem with Republicans, but I'm not really sure of that.

[Bonhomme Richard]

12. Sure she does. This Goverments history has all been based....

on, above all else, protecting the very wealthy.
What little gains the rest of us have seen has also been based on protecting the very wealthy and as soon as they could take it back they did.

[DirkGently]

13. She's fully aware of "the logic," but that's a good way to

put it. If Congress was acting in good faith ... what would it do?

Not this.

[florida08]

14. Haha

Isn't she great! She's calling them on it. Missing the deadlines Congress should be acting. Of course she knows. She's trying to engage the public to question. She's smacking the ball in their court serving up a 'crickets' moment. Will they return? If not it's on to the next 2-3 lobs over the net. Let them hang themselves Elizabeth. We're watching 👀

[Precisely]

17. Since the banksters took over

Didn't they?

[forestpath]

20. K&R

[meow2u3]

21. To paraphrase Mae West...

It isn't the logic of the matter....It's the money, honey.

[truedelphi]

22. The logic of Congress, Sen Warren, revolves around which

legislation will offer up the Big Bucks - the right piece of legislation to protect the middle and lower class? Or For the Too Big To Fail crowd that has two lobbyists for every thought process any Congress person has ever had.

[PeteSelman]

25. She knows all too well why they aren't acting.

It's just nice to see her call them out.

[Tigress DEM]

27. Warren for Prez is sounding pretty damm good right now. nt

[polynomial]

28. Getting serious about Hillary for president- sure are!

From my view there is no one that is a credible candidate in the Republican Party that could win after President Obama’s term is up.

For one simple reason, getting rid of health care openly for the past few years has been the most monumental stupid agenda ever conceived by any political party especially the Republican tea party billionaire people. I am sure the real conservative Eisenhower types would improve and upgrade whatever is necessary to make health care work as it is already law to make it better.

Good reason Krugman defines the Republican Party the misfit group as a cult group. The least the Republicans should have done is to claim to improve whatever it was they see as a fault. Looking at this from a neutral position whether there is a God or not you would think those billionaire one percenters should make people healthy as much as they can. The logical point being made is to have many more in a population to tax and swindle.

The less of two evils, for me I would vote for Hillary if she would chose Warren as vice president. Give Warren some space to see the system even better to kick butt, because we know now change will not be done in the Obama moment. But don't get me wrong I like the guy I voted twice for him and he has been trying but when the majority openly wants you to fail is horrible and difficult to work with. However it does make newsie commercial time sales. Stay tune after these messages and we will tell you the real story. Sure...

[dmosh42]

29. Maybe she needs to realize she's surrounded by a majority that are crooks!

[reformist2]

30. I love it when Liz pretends to be all naive! :)

This is a great rhetorical trick, especially when your personality/look/demeanor allow you to pull it off.