ELIZABETH WARREN: I am afraid. I'm afraid because of what I see in the real economy.

[kpete]

CHARLIE ROSE: Joe Stiglitz, who you know who was here last night, basically says he fears we'll see a double dip recession, so the economy has to do with inventory and the end of the stimulus and a whole range of issues, unemployment staying where it is.

Do you have that kind of, even though you're a lawyer and not an economist, fear about this economy?

ELIZABETH WARREN: I am afraid. I'm afraid because of what I see in the real economy. I'm afraid because I don't see books that are clean, balance sheets that have been cleaned up. I'm afraid because in October of 2008, Secretary Paulson came to the American people and he said the problem is toxic assets on the books of the banks, and they're still there.

--SNIP--

I'm afraid because Secretary Paulson said there's too much concentration in the banking industry, and there's even more concentration today than there was...

more:
http://economicsignsofthetimes.blogspot.com/2010/03/saturday-roundup-03-06-10.html
http://www.zerohedge.com/article/elizabeth-warren-discusses-global-enron-wall-street-greece-and-back
http://www.dailykos.com/storyonly/2010/3/6/843637/-Warren:-I-am-afraid-of-what-I-see-in-the-real-economy.
http://www.charlierose.com/view/interview/10895#frame_top

[FourScore]

1. DUPE

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x7859349

[rhett o rick]

2. We are past the tipping point. Time for guns and gold. nt

[dixiegrrrrl]

3. That was a particularly chilling segment, wasn't it?

Then her comments about the 3,000 banks that are going underwater with coming commercial loan
defaults....yikes.

[jotsy]

4. I say if she's afraid, comfort is far too far away for the rest of us.

If the books are cooked, corral the crooked and wipe the slate clean. From zero we can rebuild, from this tangled web of so much welled up debt deciphered by the duplicitous, we'll never know what where is. Sooner or later we need more tangible bearings.

[girl gone mad]

5. She's right to be afraid.

The bailouts fixed nothing. We merely papered over the losses. The solvency crisis was shifted from the private sector to the public sector (a far more dangerous proposition, if you ask me) and nothing substantive has been done to address the jobs crisis or the lingering medical and educational bubbles. We're in a lot of trouble.

[Mira]

6. Replace Geithner with Warren N/T