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Forum Post: Warren Grills the Fed - "We Haven't Gotten Rid of the Too Big to Fail"

Posted 1 year ago on Feb. 27, 2013, 2:34 p.m. EST by TrevorMnemonic (5827)
This content is user submitted and not an official statement

http://www.washingtonsblog.com/2013/02/elizabeth-warren-rips-ben-bernanke-and-other-financial-regulators-over-too-big-banks.html

"Senator Warren Rips Ben Bernanke and Other Financial Regulators Over “Too Big” Banks

33 Comments

33 Comments


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[-] 3 points by DKAtoday (24945) from Coon Rapids, MN 1 year ago
[-] -3 points by TrevorMnemonic (5827) 1 year ago

I miss Grayson!!!

Grayson - "You think the founding fathers would ever think we'd have a system allowing us to give half a trillion dollars to foreigners? Who got the money?"

Bernanke - "I don't know."

[-] 2 points by DKAtoday (24945) from Coon Rapids, MN 1 year ago

YEP - the insane/incompetent left in charge. F'n assholes. BS Bernanke ( BS = fitting )

[-] -3 points by TrevorMnemonic (5827) 1 year ago

I don't get why monetary policy hasn't garnered a bigger stage. Especially on the OWS forum.

[-] 2 points by DKAtoday (24945) from Coon Rapids, MN 1 year ago

It has had many posts - it is an ongoing concern - but affinity groups are wide and varied in their particular concerns and OWS OCCUPY needs to include them all - how many writers do you think OWS has?

Support Move To Amend - People.

[-] -3 points by TrevorMnemonic (5827) 1 year ago

Maybe a year ago back when the Ron Paulers were pushing the end the fed deal but even that was all about a gold standard. Gold which the poor and the working class do not have. Therefore not really being a solution, but really only allowing a different form of class rule.

I'm talking about legit conversation on monetary policy. This issue generally goes unnoticed and unmentioned on the forum. Where are the posts on it? You look and you'll find a handful from me and maybe one or 2 other people with barely any comments. Post numbers which have dwindled over time.

I can ask you what is a solution for campaign finance reform and you can respond quickly and easily with "move to amend."

But what is your response when I ask you for a solution on monetary policy?

There generally isn't any real talk on monetary policy on this forum and using it for the benefit of job creation and much needed infrastructure, not to forget it could be used for many of the demands of OWS, like education and health care.

I'm talking about real conversation on easily the most important issue when it comes to economic equality. Where does the money come from and how does it get put in the system. There need to be a fundamental change in the status quo here.

The current system is literally just printing trillions of dollars for banks. How common solutions aren't generally known is frightening. If people don't know solutions how can we implement them?

[-] 3 points by DKAtoday (24945) from Coon Rapids, MN 1 year ago

Good comment. Yes along with ending white collar crime - the culture of it - the acceptance of it - and getting government working for the people - reality must be brought to the monetary system - smoke and mirrors is not just the wallstreet game - it has also been incorporated into the monetary system.

[+] -4 points by TrevorMnemonic (5827) 1 year ago

I was going to make this a forum post but it told me I have to wait another hour, so I'm posting it here.

Student loans are predatory loans.

College Education Should Be Public!

Instead they're just printing trillions to prop-up fraudulent banks. Do you understand why monetary policy is important?

People dying because they can't afford health care they need. Others going bankrupts to pay medical bills.

Health care should be public.

Instead they're just printing trillions to prop-up fraudulent banks. Do you understand why monetary policy is important?

Corporations and private entities are buying our government.

Elections should be publicly funded, not privately funded.

Instead they're just printing trillions to prop-up fraudulent banks. Do you understand why monetary policy is important?

Our infrastructure is becoming outdated and crumbling in many areas.

Building our cities is a great form of societal advancement.

Instead they're just printing trillions to prop-up fraudulent banks. Do you understand why monetary policy is important?

People are losing their homes to fraudulent banks. Millions live without homes at different times of the year.

Housing should be a human right.

Instead they're just printing trillions to prop-up fraudulent banks. Do you understand why monetary policy is important?

Our monetary system should be used to create employment and improve our country. The Federal Reserve was mandated by the Congress to create a maximum employment economy. What they have done instead is prop up a fraudulent banking system and funded an entire system that has lead to financial instability, high unemployment numbers, wealth in the hands of a few, stagnant and low wages, and inflation... all of which has made life much more difficult than it should be. All because of SELFISH GREED.

We need reform like that of HR 2990 the NEED Act. Create real wealth and a full employment economy.

[-] 3 points by DKAtoday (24945) from Coon Rapids, MN 1 year ago

You should post this when the timer allows you to. Get the post ready to go ( in another tab ) and post it when able.

[+] -4 points by TrevorMnemonic (5827) 1 year ago

that's the plan!

[-] 2 points by DKAtoday (24945) from Coon Rapids, MN 1 year ago

Good deal - we need to ignore the attack distractions on this forum and continue to forward real issues that can and will make needed change - positive growth in our society.

[-] -1 points by TrevorMnemonic (5827) 1 year ago

unnoticed. No one cares about monetary policy. They don't care that money enters our system through private bank lending. they ignore it. Hell it's even getting downvoted now.

Downvotes for saying education and health care should be public! -lol what have you come to OWS forum? Do some of you really go out of your way that much just because I criticize the president? I was stalked on the forum for the longest time for being critical of the president. Glad that finally ended. Now I just get downvotes with no argument to back the downvote. Because they don't have one. but it is what is is.

This forum is losing it's touch.

[-] 1 points by DKAtoday (24945) from Coon Rapids, MN 1 year ago

Nah your just getting the attackers silent treatment now - I and others on the forum get that a lot too.

[-] 1 points by TrevorMnemonic (5827) 1 year ago

yah i saw it happen to you on a post of yours recently. My posts usually don't get the silent treatment, but for some reason when I post on monetary policy, those go unnoticed.

Usually the attackers give me the downvote treatment, lol. It's all good though. More fuel for the fire. If I'm getting people pissed enough at me to stalk and downvote almost all my comments, maybe they're paying attention too. LOL. They even downvoted my post calling the Kochs bigots. So I know I'm really getting to them now.

[-] 2 points by DKAtoday (24945) from Coon Rapids, MN 1 year ago

Yep - when they down vote and don't comment - it is because they do not want to attract attention to your post or your comment - down voting to keep it away from the best comment board.

[-] 2 points by inclusionman (7064) 1 year ago

End the FED!!!

The FED is made up of unaccountable banksters who collude with their bankster collegues to provide low to no interest money, while these banks prey on the 99% in more & more creative & criminal ways.

Those banks own our govt and perpetual this corrupt system with massive campaign contributions.

So THAT is why monetary policy is important.

Break up the banks! establish state non profit banks/consumer union cooperative banks.

End the FED!!

[+] -5 points by TrevorMnemonic (5827) 1 year ago

A debt-based monetary system, where money comes into existence primarily through private bank lending, can neither create, nor sustain, a stable economic environment, but has proven to be a source of chronic financial instability and frequent crisis, as evidenced by the near collapse of the financial system in 2008.

The banks with the help of the federal reserve have captured control of our government.

-Kucinich

[-] 1 points by inclusionman (7064) 1 year ago

End the FED!!!

We get it. We're with you. It's corrupt. They own our govt.

What's the plan? I'm with you!

I support the lawsuit

http://www.occupythesec.org/files/Complaintpressrelease.pdf

Do you?

[+] -5 points by TrevorMnemonic (5827) 1 year ago

what is the plan?

We need real reform like HR 2990. We need to get people like Grayson and Warren to implement legislation like it. They are the few voices that know the truth of the corruption and show the most promise of trying to do something about it.

We need more lawsuits! Like that one and more!

I wish there was a lawsuit regarding RICO laws.

[-] 1 points by inclusionman (7064) 1 year ago

I agree. Agitate ALL pols to vote like the best ones (Warren, Grayson, Sanders, etc) A new HR 2990 would be a good item to support/agitate for! And support higher wages, tax increases on rich, tax cuts on working class, reward insourcing, invest in green jobs, infrastructure jobs.

Pressure banks by moving our money out, demonstrations like this:

http://interoccupy.net/blog/break-up-the-megabanks-hsbc-rally-in-manhattan-on-march-4-1145am/

Organize a coincided event in your town.! Or come on over to the big apple.

Petitions, letter writing, phone calls, boycotts, strikes, hacks, Every effort can start a ball rolling. The economic inequity is our most critical issue.

Lawsuits are useful. This one may be weak, and even fail. Our part in supporting it can be to pressure all news sources (& pols) to talk about the lawsuit.

Publicity of it can easily incite outrage that might encourage more activism.

Like a pebble down a mountain we must continue shaking things up.

[-] 1 points by DKAtoday (24945) from Coon Rapids, MN 1 year ago

Perhaps that will be introduced in the suit against the sec.

[+] -4 points by TrevorMnemonic (5827) 1 year ago

In 1995 they gave a pass to securities fraud and removed legislation from the RICO act.

Then securities fraud went through the roof!

I still think it is simple to associate the levels of fraud to different aspects of RICO

[-] 1 points by DKAtoday (24945) from Coon Rapids, MN 1 year ago

All the more reason to be introduced in the current suit. Fraud and collusion to support fraud - these are black and white issues as to what is going on - and these crimes are not being prosecuted.

[-] 1 points by Middleaged (5140) 1 year ago

"...On Monday, the Dutch Council of State blessed that procedure and thus set an example for the rest of the Eurozone: when a bank is bailed out and nationalized, owners of its debt can lose their entire capital. The unwritten government guarantee on bank debt is off..."

"....A government finally drew the line on one of its big banks, instead of flailing about to justify why taxpayers had to bail out bondholders who’d benefitted from the yields that had compensated them for the risks. Why tolerate a situation where the capital “at risk” wasn’t at risk?..."

Read more: http://www.testosteronepit.com/home/2013/2/26/a-taxpayer-revolt-against-bank-bailouts-in-the-eurozone.html#ixzz2MBZmPKD3

[-] 1 points by PublicCurrency (1387) 1 year ago

"For a long time I felt that FDR had developed many thoughts and ideas that were his own to benefit this country, the United States. But, he didn't. Most of his thoughts, his political ammunition, as it were, were carefully manufactured for him and advanced by the Council on Foreign Relations - One World Money group. Brilliantly, with great gusto, like a fine piece of artillery, he exploded that prepared "ammunition" in the middle of an unsuspecting target, the American people, and thus paid off and returned his internationalist political support.

"The UN is but a long-range, international banking apparatus clearly set up for financial and economic profit by a small group of powerful One-World revolutionaries, hungry for profit and power.

"The depression was the calculated 'shearing' of the public by the World Money powers, triggered by the planned sudden shortage of supply of call money in the New York money market....The One World Government leaders and their ever close bankers have now acquired full control of the money and credit machinery of the U.S. via the creation of the privately owned Federal Reserve Bank."

Curtis Dall, FDR's son-in-law as quoted in his book, My Exploited Father-in-Law

http://globalistagenda.org/quotes.htm

[-] 1 points by justiceforzim (-17) 1 year ago

Blasphemy!!! Blasphemy I say :-) "The future does not belong to those that would slander the prophet of OWO" (paraphrase Obama, UN 9/2012)

[-] 1 points by PublicCurrency (1387) 1 year ago

funny

[+] -5 points by TrevorMnemonic (5827) 1 year ago

petrodollars

[-] 1 points by DKAtoday (24945) from Coon Rapids, MN 1 year ago

TWEETED

washingtonsblog.com/2013/02/elizabeth-warren-rips-ben-bernanke-and-other-financial-regulators-over-too-big-banks.html … Too Big to Fail - Too Big to Jail? Food4Thought - pls SHARE/CIRCULATE

[-] 0 points by justiceforzim (-17) 1 year ago

She needs to grill Mr Holder and the inaction by the DOJ but I am sure we will find that his answers are covered by executive-whatever he hid behind during Fast and Furious investigation.

[-] 0 points by alterorabolish1 (569) 1 year ago

Their answer would probably be the same as Bernanke's, "we don't have the tools". This is their way of blaming Congress, it's all circular doublespeak because the corps wrote the laws themselves, sometimes literally handing the wording to Congressional staffers.

[+] -4 points by TrevorMnemonic (5827) 1 year ago

“A debt-based monetary system, where money comes into existence primarily through private bank lending, can neither create, nor sustain, a stable economic environment, but has proven to be a source of chronic financial instability and frequent crisis, as evidenced by the near collapse of the financial system in 2008, that cost millions of Americans their jobs.” -Kucinich

Bernanke is a fraud! He's following the footsteps of Greenspan.

[+] -5 points by TrevorMnemonic (5827) 1 year ago

anyone have links of Warren talking about reforming monetary policy?