TPM’s Josh Marshall flags this clip of Elizabeth Warren, Our Fair Commonwealth’s Senior Senator, schooling Wall Street apologist CNBC anchors on the need for a new Glass-Steagall Act to separate risky investment banking from ordinary commercial banking. By the end, one of the conservatives is left to sputtering DERP OBAMACARE DERP DERP:
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…for the confirmation vote of Richard Cordray (66-34) to head the Consumer Financial Protection Bureau. There was a big smile on her face as she announced the result of the vote.
…when something she says or does is disappointing. But that day has not come. So I’m just going to keep riding this high of incredible representation.
I would be quite happy with Warren/Clinton also. Not since Wellstone have I felt so sure that a Democratic politician was actually looking out for every American.
I’ve been up or down on Clinton, but all my concerns would be immediately allayed with Warren on the ticket. Two powerful and strong women advocating for ordinary Americans would be a real sea change for this country. Obviously Obama has a historic election, but the gloss if that victory will fade due to his mediocrity as a transformative leader. In football terms he is a solid game manager, not a gun slinger. That ticket would be full of gunslinging ticket.
but I’d vote for Clinton/Warren in a heartbeat anyway. Warren/Clinton (which will NEVER happen, IMHO, since Hillary’s paid too many dues to take second place on a presidential ticket) even faster.
My worry really isn’t about Clinton herself, it’s about all the horrible people she will put in her cabinet. I can’t imagine Warren would make sense with the type of people Clinton would likely bring in for economic roles.
If we can get Warren on the ticket, we’ll still have a fighting chance to make a difference on economic policy.
Well, Obama put good people in Cabinet. Hillary in State, and then froze her out. Napolitano and Sebelius in Cabinet, condemning Arizona and Kansas to complete domination by Republicans. Rahm Emanuel (who seems to hate Democratic principles as much as he loves the party) running the White House, and Wall Street’s men in Commerce and Treasury.
I have to wonder how this is a step down from Obama’s Cabinet and treatment of them.
I’m only kidding about putting Deval Patrick on the ticket.
I think Elizabeth Warren is our next President. I think the greatest drawback of that scenario is that her Senate seat will again be empty.
I think Hilary Clinton’s time has come and gone. I’m reminded of a constant choice facing technologists like myself — do I invest in extending the tail end of a mature, proven, and declining technology (where that investment will be stretching its limits), or do I invest in accelerating the front end of newer, riskier, and still unfolding alternative (where that investment might grow without bounds).
I was enthusiastic about Hilary Clinton about ten years ago. Today, I am far more enthusiastic about Elizabeth Warren.
We can do much better than nominating someone who not only voted for the Iraq war, but was still defending that as the right vote when running for president in 2007/8. She told us then that if we want a candidate who thinks that was a mistake, we should look to other candidates. Please, let’s take her advice, support other candidates, and never nominate her.
The invasion of Iraq is one of the largest voluntarily created blots on history in a very long time. History should learn clearly that this insanity prevented Hillary Clinton from ever becoming President even though she otherwise would’ve been.
that someone who says what they think will someday put their foot in their mouth. When that day comes for Elizabeth Warren, I will have her back. It’s preferable over taking the safe path, avoiding saying the wrong thing by not saying anything at all.
I particularly like how she does this all with a smile on her face, knowing that they are about to get schooled and don’t even realize it. Sort of like her “Please proceed, Governor” moment.
who come in to a conversation believing they already know everything about her area of expertise. Schooling the GOP is just more of the same.
…as a first class jerk!
“I am a professional ignoramus. I am unable to learn anything. It’s my job!”
He was just saying coal is making a comeback and advising people to invest in CSX, what a moron.
She’s an awesome debater, no doubt about that. She can say a lot of words in a row and they all make sense. She’s got a pleasant smile and nice tone to her voice, so she’s very believable.
I watch CNBC every single day and am more familiar with their interview style. They challenge the guests, and this is relatively new -it appears they now do it because they did not in the past and maybe they’ve changed that (as in “when you were here in May you said the market was heading down, but it didn’t. how did you get it wrong”). I could go longer on this, but basically Warren did not conform to their playbook of short responses, so the debate went to her.
As to what she said, let’s dissect it a little.
1. Did Glass Steagal prevent banks from failing in the period post WW2 to the repeal? I don’t know, but I’m guessing there were other factors as well.
2, She never answered the Continental Illinois question-here’s a brief history:
3. She’s only partially “right” (I say that because she was debating) on the S&L reference. S&L were in a bind in the early 80’s and were facing insolvency because they were limited to only home loans- Congress thought deregulation (and remember deregulation was considered a positive at this time) would help them get out of their problems by opening up new avenues of business for them. Of course that didn’t work out as planned and what was probably a $50B problem ultimately too $150B to fix.
I know there are a lot of Warren fans here, but watch more CNBC and see what you think. She did admit it had no chance of passing so maybe who won the debate is a pointless argument anyway.