U.S. Senator Elizabeth Warren (D-MA) speaks at a rally to launch her campaign for the 2020 Democratic presidential nomination in Lawrence, Massachusetts, U.S., February 9, 2019. REUTERS/Brian Snyder
Charles Gasparino, NYPost: Wall Street is freaking out at the thought of President Liz Warren
The 2020 election is still a long way off, but the nation’s big banks are already pricing in the possibility of an Elizabeth Warren presidency, their senior executives tell me. The picture ain’t pretty — for the banks or average Americans.
True, Warren isn’t the Democrats’ frontrunner, and a lot could happen in coming months. Because it’s early, financial stocks haven’t officially started to suffer. But the bank execs note that Warren is smart and driven, and they fear she may be starting to break out of the pack, where she can do some damage.
Read more ....
WNU Editor: Wall Street is not the only group that would "freak-out" over an Elizabeth Warren Presidency. As to why is she doing well in the Democrat primary race. I find her to be the only candidate that is talking about economic issue. Her opponents, like Joe Biden, are also not really connecting with Democrat voters.
22 comments:
"Even if she did break up the banks, the damage would be contained."
The story in a nutshell. You don't have to break up the majors, just charge and jail the criminals CEOs and the banks will clean up their acts.
Bank CEO's - like many other employers and employees - want desperately to avoid Warren or any other malign incompetent crashing the US economy as soon as she/he assumes office.
That would’ve cool, our first formerly Native American President.
Lizzie Warren bought a house on the cheap from someone, who had suffered a stroke.
She likea to prey on weak people like Democrats.
'likes' not 'likea'
"Elizabeth Warren's Indian-persecuting ancestors pile up - and she'd like you to pay the reparations"
"Warren's the only Democrat who says she's open to paying reparations to Indians. Maybe she can start by opening her own checkbook. "
Most immigration to the U.S. occurred after the U.S. Indian wars and most Americans had nothing to do with what happened.
...
"Warren's ancestors, though, were a rare exception to this pattern, they really did kill Indians."
https://www.americanthinker.com/blog/2019/09/elizabeth_warrens_indianpersecuting_ancestors_pile_up__and_shed_like_you_to_pay_the_reparations.html
The real reason Lizzie Warren is a socialist"
"We're supposed to pay reparations based on the misdeeds of her ancestors, not ours. She's certainly not getting out her checkbook for that one.
Somehow, ancestry to her matters when there's a benefit to be had, but everything turns collective when there's some kind of penalty to be doled out."
Bob, to what criminals are you referring? I think it is more accurate to quote a friend of mine who, referring to the financial chaos that befell the country after the last housing bubble, the one Bernanke claimed he didn't see cooking years before it burst, "They got everything they lobbied for". They being the entire financial industry, congress, you name it. The allure of easy money legislatively unchained with a dose of the little guy on the ladder's bottom rung helping things along on borrowed funds with low rates. Whether it's tulips in Holland centuries ago or Florida swampland in the 20's, only the date on the calendar is different.
In other words the whole political establishment. The ones who voted on legislation that loosened up the old rules that weren't broken and that had kept a rein on the wholesale greed and speculation that again permeated this bubble for a new generation.
She's like less than 1% Indian and more white than most whites and used her debunked claim to be of Indian ethnicity to entitle herself to a pretty nice life, getting even into Harvard that way and book deals. That woman is the archetype of an entitled person yet the Democrats love her. What is wrong with their brain circuits? This absolute insanity in that party is something I've not seen before.
Friends, comarades, fellow patriots! fret not...worry not at all!
Our last recession, under...ugh...GOP Bush and gang...was fixed by socialistic bailout of banks too big to fail. We have nothing to fear from Warren. We simply bail them out and use taxpayer money or even divert money from the military, as is now being done for the wall.
Be brave. Be of good Cheer: banks too big to fail and socialism will take care of their needs. Recall: From Those Who Have Not to Those Whose Needs Are More Money...worry about the deficit? Heck that simply swelled like a malignant tumor with the Trump Big Money Handout to the Wealthy
Dear Edit or:
Warren is the only candidate (potential) willing to talk about economics?
what of Bernie?
Medicare for All Would Cut Poverty by Over 20 Percent –
More Kids Died in ICE Custody Than From Vaping, Ex-GOP Chairman Says As Trump Plans E-Cigarettes Ban
House Democrats Are Examining Whether the Middleman in Trump’s Secret Moscow Deal Withheld Information
But Felix Sater says he has cooperated fully with the probe of Trump’s covert Russia venture.
Free Jon Corzine!
#WEGOTHIMNOW!
Fred,
Bernie is not going to make it
Bernie actually would have been a better candidate in 2016 from the point of view of beating Trump. but the DNC killed his campaign. With sexier candidates like Kamala Harris, Jezebel Warren, and others, Bernie is yesterdays news.
While Bernie might have won in 2016, this time around he has no chance against Trump.
***
I remember the last recession. Before it the factory was going full tilt (with overtime). Sub prime loans did it in. Once again the stench of Gorelicker was in the air. She was at Fannie Mae and not all was well, but the political appointees got their bonuses. That is all that matters.
Once again Fred Lapides will not post a picture of Trump Towers in Moscow or give a street address.
THE TUMP TOWER IN MOSCOW ALL YOU NEED TO KNOW ABOUT IT
You keep on beating that dead horse now, fred.
Turn it into horse burgers.
Roger
The criminals I refer to are the Ceo's of the major banks that manipulated the mortgage interest rate down to make it appear that millions of customers who would never be eligible for a mortgage get one. A mortgage that had a balloon rate increase a couple years down the road.
Their organizations facilitated the approvals of applications that even the officers approving the mortgages knew contained incorrect and in many cases manufactured information to make them look satisfactory.
Their organizations committed fraud on two levels and severely impacted home owners with good equity such that they found themselves "under water" meaning the mortgage became greater than the value of the house because of a glut of homes suffering default on the market.
It was really interesting watching Ben Bernecki, Fed Head being interrogated by the Congressional committee on the use of the $800 billion bank bailout money. When asked why x millions was used to buy a position in the currency of New Zealand his response twice was "I don't know." strongly suggesting the Fed Head really isn't in charge. Perhaps a foreigner is but the the committee let it pass.
No Bob, wrong again.
It was government policy, led by the chairman of the Financial Services Committee, Barney Frank that caused the 2008 housing crash.
Frank, like yourself, blame the financial crisis on the perceived failure to regulate banks. Frank actually forced them to accept bad loans in his drive to "roll the dice" toward subsidized housing.
Following a pattern of blaming others for his mistakes, Frank was the principle gov't authority in Congress to force lower underwriting standards upon banks in housing finance. GSE's (Fannie/Freddie) were open for the business of buying delinquent loans.
By 2006 Fannie Mae and Freddie Mac had bought over $2 trillion in subprime and low quality loans. FHA, VA and others were all under similar congressional pressure. By 2007, when the Dems were in firm control of the House, it collapsed. Leading the the Great Recession on 2008.
Government created the demand and forced the acceptance of these weak loans, not banks.
You lay blame and make assertions with no data. Just political hackery. You say the bank CEO's were responsible, but conveniently ignore the fact the the delinquencies were forced upon lenders.
So you can sit there up in Canada or wherever you are and snipe and postulate, but you continue to argue through a megaphone of ignorance and juvenile politics.
You're uneducated in economics and politics. Go read something besides the CBC.
You talk about smoking stuff.
Everything I read about the issue over the years was from the US media. The government made them do it, what a weak excuse to justify the criminal activity of the bankers. Imagine a bank robber claiming in court that he was forced to rob because the government put economic legislation in place that did him out of a job.
The bankers took advantage of a poor situation. Read up on bank employees complaining about being forced to falsify mortgage applications to meet quotas. Read up on the major bank's manipulation regarding the LIBOR rate. Read up on the fines the banks paid for their actions in respect of their fraudulent activities and yet no criminal charges? Read up on how states were done out of mortgage registration fees on the sale of mortgages to investors as banks criminoly avoided paying some costs. Read also on how the fraudulently granted mortgages to people unable to qualify hurt long time Americans with equity in their home.
Try reading your own country's media on the issues, or, do you think that is all BS?
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