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Elizabeth Warren

Where DOES the Democratic Party stand on Lobbyists? by: jamess Sun Oct 18, 2009 at 13:41:58 PDT ( - promoted by buhdydharma ) Since Lobbyists are the "REAL agents of Change" in most of our Legislation, since Lobbyists practically write much of the Legislation, that they Lobby for, insuring that it will Benefit ONLY their Benefactors -- I've been wondering WHEN will the Democratic Party take a stand on this "non representative" process, which contaminates so much of The People's Business, that SHOULD be taking place in Congress?  Why is it, that Congress mostly caters to Corporate Business concerns, putting OURS off until some unknown Future date? SO, I went to the source, THE 2008 DEMOCRATIC NATIONAL PLATFORM to find out Where DOES the Democratic Party stand on Lobbyists? There's More... :: (23 Comments, 1905 words in story)

Elizabeth Warren: Lobbying on behalf of the American People by: jamess Mon Sep 14, 2009 at 15:42:04 PDT ( - promoted by buhdydharma ) We have been told that Wall Street Investment firms are "Too big to Fail" -- But that does NOT Mean they are "Too Big for Accountability"! The Question boils down to, Who Does the Congress Represent anyways -- The American People, or the Global Bankers (and their Lobbyists) ? And Will the People bother to care about Wall Street Regulation this time around? Since I'm assuming we will, here's some essential background on the Wall Street Meltdown mess: Credit Default Swap (CDS) What Does Credit Default Swap (CDS) Mean? A swap designed to transfer the credit exposure of fixed income products between parties. http://www.investopedia.com/te... CDS's are an easy way to transfer Credit Risk -- Check! There's More... :: (5 Comments, 1870 words in story)

With Friends in the Treasury -- Bankers don't need NO Accountability by: jamess Tue Jul 14, 2009 at 06:39:01 PDT (noon - promoted by Nightprowlkitty) Elizabeth Warren was appointed chair of a newly created Congressional Oversight Panel (COP), which is charged with keeping tabs on the $700 billion bailout of the financial sector - including Troubled Assets Relief Program (TARP). Warren however, has had some "Trouble" getting straight forward answers ... as she explained to the Boston Globe: There's More... :: (9 Comments, 1182 words in story)

We've already blown past the worst-case scenario. by: Compound F Tue Jun 09, 2009 at 15:03:33 PDT ( - promoted by buhdydharma ) With all the bullshit being broadcast, you would think that some green shoots would indeed be sprouting somewhere sooner of later, but somehow it's not all that convincing.  Remember those "stress tests" used to determine the health of the banks spreadsheets under various scenarios of economic growth and unemployment?  Hot damn!  What a confidence booster.  The banks passed them after renegotiating their grades.  Even though the then-current economic conditions were already worse than the worst-case scenario envisioned.  We can attribute that to "lag time," or something.  In defense of the Masters of the Universe, things really are moving faster than the speed of thought. At least someone in charge is catching up after the fact.  The woman in charge of overseeing the TARP (Troubled Asset Relief Program--what a sweet-assed name for a broken apocolypse condom!), Elizabeth Warren, suggests that we need to re-run the stress tests "right now" based on current conditions, because: We've already blown past the worst-case scenario on unemployment. In other words, the stress test results are about as valuable as the paper in the bank vaults.  Less than not very much at all.  We have already "blown past" those sunnier scenarios. I appreciate Warren's candor, which is certainly at odds with what we've been hearing from Obama and the MoUs. There's More... :: (26 Comments, 500 words in story)