Why isn't Elizabeth Warren neing listened to. She knows the terrible things that are being done by the banks. Boycott all the banks. Throw bricks through their windows. How can we be heard?
Bob Curran
of UT
@
Sep 04, 2009 16:26:57 PM
separate the banks from wall street or it happens again
They really don't get it. they invented the derivatives in order to satisfy false growth so wall st wouldn't punish their stock price. separate them.
smith
of GA
@
Jun 23, 2009 21:07:45 PM
Elizabeth Warren is Just What This Country Needs
I love this lady. Elizabeth Warren is just a little ol' gal who was born in Oklahoma in 1950, the youngest child of parents who had endured the hardships of the Dustbowl and the Great Depression.
From those humble roots, she has risen to become a respected Harvard Law professor, a best-selling author, one of the top authorities on bankruptcy law in the United States, and now, chair of the Congressional Oversight Panel for the $700 billion bailout fund, or TARP.
Elizabeth Warren is one person who may be able to save the American dream. She is a woman of rare passion, intelligence, conviction and intellectual honesty who forms her opinions based not on what she would like to believe, or what would be convenient, or politically expedient to believe, but based on what the facts in front of her reveal.
Her focus is the American middle class family, the institution that has been the backbone of our prosperity since Henry Ford had the insight to raise his workers pay to that of a living wage, understanding that his business would thrive if and when everyone had the wherewithal to buy one of his cars. According to Lee Iacocca, "Henry Ford shocked the world with what probably stands as his greatest contribution ever: the $5-a-day minimum-wage scheme. The Wall Street Journal called the plan "an economic crime," and critics everywhere heaped "Fordism" with equal scorn."
Elizabeth Warren's is a voice of common sense and responsibility speaking up for the little guy in a world where well-heeled banks, insurance, and credit card companies have for years been getting the best legislation money can buy from the supposed representatives of "the American people": the U.S. Congress.
Eric Hilton
of CA
@
May 24, 2009 07:46:23 AM
sub-prime mtges and their drivatives
Why do the regulatory authorities not demand that the bankers and investors in sub-prime loans and their derivatives must take the hit for the excess of risk that they assumed.
1. Why not tell the bankers and the investors that they are going to take an immediate haircut of 30% on principal amount.
(for example). 2. Then tell the homeowners that the banks will reduce the terms of all loans made during the last 4-5 years. For example, 41/2 per cent and an extension of mortgage lives to 40 years. 3. The government would agree to insure all of these loans for the new reduced principal amount. 4. Homeowners would then have a manageable monthly mortgage payment and would be able to keep their homes. 4. Because of lower monthly mortgage payments income tax receipts would not be as reduced by mortgage interest deductions of each home owner.
Has this even been considered by the administration?
These steps would immediately give a calculable value to these loans. Second, the government would not have to put up cash immediately and eventually only on those loans that ended up in foreclosure
Kirk Shinkle is a senior editor at U.S. News. He writes daily about ups and downs in equity markets, sectors and stocks. Formerly, he covered business and economics on both coasts for Investor's Business Daily.
Bob Curran of UT @ Sep 04, 2009 16:26:57 PM
smith of GA @ Jun 23, 2009 21:07:45 PM
Eric Hilton of CA @ May 24, 2009 07:46:23 AM
Jeff Mabry of TX @ May 09, 2009 21:06:29 PM
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