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Watch Elizabeth Warren’s Incredible 52 Second Destruction of Romney’s Alternate Reality
Elizabeth Warren demonstrated why Wall Street doesn’t want her in the Senate with a 52 second destruction of Mitt Romney’s alternative reality that the banks are over regulated.
Here is the video from MSNBC:
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After Warren explained that there is no regulator looking over the shoulder of the big banks, and how dangerous it is for the country that they are still in charge of their own risk practices, Maddow asked her about Mitt Romney’s claims that Wall Street regulation is choking off growth, and there has been too much of a crackdown on the banks. Warren responded, “You know, you really want to say did he hear what Jamie Dimon just said? Jamie Dimon’s own words were that this was stupid. This was sloppy, so stupid, and so sloppy that it wasn’t even picked up by a regulator. There was no one to say hey, wait a minute; I want to review your risk practices. I want to see the kind of risk that this huge financial institution is taking on, because we’re just about three and a half years past the time when you took on so much risk that you brought this economy almost to its knees. So the idea that Mitt Romney thinks that the banks are over regulated. It’s an alternative reality. It’s simply not true. The problem right now is that there’s not adequate regulation.”
It only took Elizabeth Warren fifty two seconds to explain to the world that Mitt Romney’s views on bank regulation and Wall Street are out of touch with reality. She made it clear that if Romney really believes that the banks are under regulated, he is living in a fantasy world. Her remarks to Rachel Maddow are part of the reason why Wall Street is working so hard to try to keep Elizabeth Warren out of the Senate. The reason why Wall Street and the big banks and dumping money into Mitt Romney and Scott Brown’s campaigns is that they are terrified of what an Obama/Warren team might be able to accomplish.
Wall Street has nightmares about what Elizabeth Warren could accomplish in the Senate. Imagine the legislation she could put forward, the media platform she could build, and if Democrats kept control of the Senate the committees that she could eventually chair, and the hearings that she could hold. Elizabeth Warren is Wall Street’s worst nightmare, which is why they are donating millions to Scott Brown.
Wall Street isn’t trying to keep Brown in. They are trying to keep Warren out.
Mitt Romney holds the exact same view of Wall Street that George W. Bush did. Even when the Wall Street behaves badly, they are not to be regulated. It doesn’t matter if their behavior is harming millions of Americans and the entire economy. What’s good for Wall Street is good for America, except when it isn’t and Wall Street pushes the nation towards the brink of collapse, but even then regulations are evil.
Corporations and their risky decisions that ruin lives are more important than the people they harm with their behavior. Elizabeth Warren’s ideas are the antidote to this poison, and Wall Street is doing their best to try to prevent America from ever getting the cure that she so desperately needs.
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9 Responses to Watch Elizabeth Warren’s Incredible 52 Second Destruction of Romney’s Alternate Reality
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Sarah Jones
May. 15th, 2012 at 12:31 am
So, Wall Street doesn’t have long hair. Got it. Romney will stick to bullying labor, women, minorities, poor, and everyone else.
RailroadMike
May. 15th, 2012 at 12:47 am
JP Morgan funded a attempted over throw of the US Government and FDR in 1933. The reason? FDR wanted new banking regulation and formed the SEC after the stock market crash of 1929 which caused the Great Deppression. This also set the world down the road to WWII. The Fascist in Germany took over after their economy crashed because of the bank failures in the United States.
John Hay
May. 15th, 2012 at 2:26 am
No one in America has fought for effective government financial regulation for so long, or better understands how the American financial system needs to work with proper oversight, and appropriate levels of regulation, than Elizabeth Warren.
People need to remember that the Banks have no money, its your money at risk for unregulated Banks to lose through greed and gambling.
That’s not supposed to happen to your savings. Is it?
Sign Petition for Elizabeth to deliver the Keynote Speech at DNC Convention.
Link: www.change.org/petitions/...;
Cha
May. 15th, 2012 at 4:32 am
That sounds like a great idea, John Hay..thank you for the link to the petition.
Thank you, Jason, for this excellent report on Elizabeth Warren. So want her to WIN in MASS!
The Platzner Post
May. 15th, 2012 at 12:15 pm
Warren for Senate 2012…POTUS 2016!!! “So the idea that Mitt Romney thinks that the banks are over regulated. It’s an alternative reality. It’s simply not true. The problem right now is that there’s not adequate regulation.” Elizabeth Warren The Platzner Post Facebook, and Twitter
Julia
May. 15th, 2012 at 3:48 pm
Ah yes, Elizabeth Warren the minority Harvard professor, not to be confused with that white supremacist half Hispanic, part black racist cracker known as George Zimmerman. I almost get the feeling, that maybe, just maybe, liberals play a bit fast and loose with the racial stuff all for political gain. I dunno, maybe I’m just being cynical.
keir
May. 15th, 2012 at 4:12 pm
Julia…
She does have Native American blood but never used it to get into Harvard. She did not use it as an entry anywhere…It is not even listed in her application.
So what is your beef with Elizabeth Warren?
keir
May. 15th, 2012 at 4:13 pm
Oh and Julia..it was not Elizabeth making a big deal out of it..but Scott Brown. Maybe its just that he can not win unless he uses race as a way to dirty her.
Steven Kloppenburg
May. 15th, 2012 at 4:29 pm
Nobody’s home in Washington and everything stays the same. The same people who brought us to the brink of destruction will do it again, aided by well paid congressmen and women. When we crash they will turn and ask for some more of the fake money we print. Bernake admitted it was worth nothing when they printed it up in the last crises. This time we won’t be able to stop the slide into financial meltdown.—