| The Daily Show With Jon Stewart | M - Th 11p / 10c | |||
| Elizabeth Warren Pt. 2 | ||||
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April 16, 2009
Elizabeth Warren on the Daily Show
And as good of a short articulation of why we need regulation as I have heard. Watch this at about the 2:00 minute mark. She connects regulation to the long history of boom and bust and instability, and how we approached that during the New Deal. All of those regulations have been undermined by conservatives who like to bash regulation, but as Warren says, if we continue with boom/bust economics, "good luck with your 401k."
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8 comments:
Aren't government bonds and bank certificates of deposit already available for people who don't want to risk losing their money in unregulated markets?
Aren't government bonds and bank certificates of deposit already available for people who don't want to risk losing their money in unregulated markets?
So are mattresses. What is your point?
Jesus, this obsession you have with Barney Frank is interesting to say the least.
Warren never said anything about liberal or conservative. She spoke about those who are slowly dismantling the threads of regulation to their peril. The person you are suggesting has no credibility is me. So thanks for that. I am starting to think that if I don't bash Barney Frank in every post, I risk having no credibility.
Yes, Steve, I am sure you can find economists (she is a lawyer, btw, and I am pretty sure you didn't watch the clip you are commenting on) who say that regulation leads to market stagnation. Warren noted that smart regulation led to stability, and I think the 50 year period between the New Deal and Reagan speaks to that. Doesn't mean that everyone gets rich, or that the stock market soars, or that we don't have economic problems. Of course we do. But we have a more stable environment where banks don't do stupid shit and where the stock market isn't so screwed up.
I am sure I can find historians who argue for a Christian America, and doctors who say that smoking is fine for your health.
Yeah, I am a little pissy today. No offense, but I am a little tired today (and you just stepped into this, btw) who are questioning my understanding of 20th century American history. Further, I am tired of people defending deregulation. Just tired of it.
The point is, let people who don't want to take risks put their money into things where the risk is low, even if it is under their mattress. Then, let everyone else do as they please with their money. If they want to risk it in the stock market, or in some business, let them. If they make money, great. If they lose, well too bad; they should understand the risk going in.
Anonymous, since you lack the willingness to even identify yourself, and then posit such a weak and ridiculous argument, be forewarned. More of this kind of ridiculous comment will be deleted. You want to engage, do so. What you are describing is chaos, and we might as well have no regulation of anything. Corporations could openly lie to investors and have no consequence. Worse, they could simply do insider trading--all legal according to our anonymous troll.
I will abide dissent. Stupidity, however, I will not.
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