Warren vs. Dimon - Warren wins

[Mac1958]

Charles Gasparino is a longtime, respected and very well-connected financial reporter who is now on the Fox Business Network. He's also a conservative.

If you're a conservative, you might want to take a look at this Gasparino piece about the Elizabeth Warren vs. Jamie Dimon feud, in which he admits that Warren is on the right side of the issue on big banks:

In the Warren vs. Dimon Feud It s Warren Not Even Close - The Daily Beast

From the piece:

OK, uber-liberal Elizabeth Warren is no Adam Smith. But when it comes to one issue and maybe one issue only, she comes closer to the famed free-market economist than do most of the bankers on Wall Street, Jamie Dimon included. That issue involves the appropriate size and scope of the nation’s megabanks—JP Morgan, which Dimon runs, is the largest, but the other behemoths, Citigroup, Bank of America, and Wells Fargo, aren’t far behind in dimensions and most importantly risk.

Warren, the senator from Massachusetts and all-around big-bank hater, says these institutions should be broken up by the government out of fear that the system could implode as it did in 2008.

And:

My question: What free-marketer would allow the American taxpayer to subsidize Jamie Dimon’s risk-taking?

Gasparino's right. Warren is right. That's why the one "major" party ticket I'd vote for is Webb/Warren.

.

 

[gipper]

There are no free marketers who would subsidize Dimon or any of the TBTF banks.

 

[occupied]

I am almost certain the government will never break up another company. Upsets too many influential apple carts.

 

[Mac1958]

I am almost certain the government will never break up another company. Upsets too many influential apple carts.

Yep, especially the big banks.

Look at the donor lists for both parties.

.

 

[LoneLaugher]

Sen. Bernie Sanders Campaign Finance Money - Top Donors - Senator Career OpenSecrets

 

[occupied]

I am almost certain the government will never break up another company. Upsets too many influential apple carts.

Yep, especially the big banks.

Look at the donor lists for both parties.

.

The big banks have us by the balls and they know it. The fact that they came out of the great recession even bigger is proof enough of that.

 

[gipper]

Sen. Bernie Sanders Campaign Finance Money - Top Donors - Senator Career OpenSecrets

Old Bernie has also advocated to break up the big banks. Of course, we know what a politicians says is never what he/she actually does.

 

[gipper]

I am almost certain the government will never break up another company. Upsets too many influential apple carts.

Yep, especially the big banks.

Look at the donor lists for both parties.

.

The big banks have us by the balls and they know it. The fact that they came out of the great recession even bigger is proof enough of that.

Okay.

It also proves that both parties and our past and current POTUS are owned by the big banks. Government is the problem, since they bailed out the banks and now those banks are even bigger. Government has the power.

If government fails to protect the people and instead protects big banks and other big interest groups, what good is government?

 

[Mac1958]

Old Bernie has also advocated to break up the big banks. Of course, we know what a politicians says is never what he/she actually does.

He and Warren would be the last two to fold, I'd think.

But yeah, given the way money controls our politics, they wouldn't get enough support.

.

 

[Mac1958]

I am almost certain the government will never break up another company. Upsets too many influential apple carts.

Yep, especially the big banks.

Look at the donor lists for both parties.

.

The big banks have us by the balls and they know it. The fact that they came out of the great recession even bigger is proof enough of that.

Okay.

It also proves that both parties and our past and current POTUS are owned by the big banks. Government is the problem, since they bailed out the banks and now those banks are even bigger. Government has the power.

If government fails to protect the people and instead protects big banks and other big interest groups, what good is government?

When legislators are essentially puppets of moneyed interests, the outcomes are predictable.

Getting money out of politics and instituting congressional term limits would eliminate most of that.

Is that gonna happen? Nope.

.

 

[occupied]

Sen. Bernie Sanders Campaign Finance Money - Top Donors - Senator Career OpenSecrets

Old Bernie has also advocated to break up the big banks. Of course, we know what a politicians says is never what he/she actually does.

All of the regulatory bodies for the banking industry are full of former bankers. The political inertia may be too much for even a president to overcome.

 

[gipper]

Sen. Bernie Sanders Campaign Finance Money - Top Donors - Senator Career OpenSecrets

Old Bernie has also advocated to break up the big banks. Of course, we know what a politicians says is never what he/she actually does.

All of the regulatory bodies for the banking industry are full of former bankers. The political inertia may be too much for even a president to overcome.

Yes they have tremendous power, but a POTUS with the complete backing of the people, could get it done.

 

[LoneLaugher]

Some politicians say they want to reduce the influence of money in politics. Others say that they think corporations are people and they consider political donations to be free speech.

Now....we can sit here and whine about how none of them are ever honest about anything.....or we can accept the fact that those who say they want the money out of politics really do.....but haven't been able to refuse said money BECAUSE THEY WOULD NEVER WIN AN ELECTION WITHOUT IT.

If you say that you want the money out of politics....your only option is to support those WHO AT LEAST SAY that they want the same thing.

 

[occupied]

Sen. Bernie Sanders Campaign Finance Money - Top Donors - Senator Career OpenSecrets

Old Bernie has also advocated to break up the big banks. Of course, we know what a politicians says is never what he/she actually does.

All of the regulatory bodies for the banking industry are full of former bankers. The political inertia may be too much for even a president to overcome.

Yes they have tremendous power, but a POTUS with the complete backing of the people, could get it done.

Certainly but you know any such effort would be greeted with "The socialist is trying to nationalize the banks!!!!!!" All the republicans would be against it and could take ten years to accomplish.

 

[gipper]

Sen. Bernie Sanders Campaign Finance Money - Top Donors - Senator Career OpenSecrets

Old Bernie has also advocated to break up the big banks. Of course, we know what a politicians says is never what he/she actually does.

All of the regulatory bodies for the banking industry are full of former bankers. The political inertia may be too much for even a president to overcome.

Yes they have tremendous power, but a POTUS with the complete backing of the people, could get it done.

Certainly but you know any such effort would be greeted with "The socialist is trying to nationalize the banks!!!!!!" All the republicans would be against it and could take ten years to accomplish.

No need to nationalize them. Just break them up into a thousand pieces. It could be couched as a jobs program.

 

[occupied]

Sen. Bernie Sanders Campaign Finance Money - Top Donors - Senator Career OpenSecrets

Old Bernie has also advocated to break up the big banks. Of course, we know what a politicians says is never what he/she actually does.

All of the regulatory bodies for the banking industry are full of former bankers. The political inertia may be too much for even a president to overcome.

Yes they have tremendous power, but a POTUS with the complete backing of the people, could get it done.

Certainly but you know any such effort would be greeted with "The socialist is trying to nationalize the banks!!!!!!" All the republicans would be against it and could take ten years to accomplish.

No need to nationalize them. Just break them up into a thousand pieces. It could be couched as a jobs program.

I think it would probably take another major economic crash to generate the political urgency required to make it happen. Not sure I want another one any time soon.

 

[Mac1958]

Old Bernie has also advocated to break up the big banks. Of course, we know what a politicians says is never what he/she actually does.

All of the regulatory bodies for the banking industry are full of former bankers. The political inertia may be too much for even a president to overcome.

Yes they have tremendous power, but a POTUS with the complete backing of the people, could get it done.

Certainly but you know any such effort would be greeted with "The socialist is trying to nationalize the banks!!!!!!" All the republicans would be against it and could take ten years to accomplish.

No need to nationalize them. Just break them up into a thousand pieces. It could be couched as a jobs program.

I think it would probably take another major economic crash to generate the political urgency required to make it happen. Not sure I want another one any time soon.

It amazes me that TBTF still exists after the Meltdown. There is zero legitimate excuse for this.

That shows you how powerful the banks are.

.

 

[NYcarbineer]

I am almost certain the government will never break up another company. Upsets too many influential apple carts.

Yep, especially the big banks.

Look at the donor lists for both parties.

.

The big banks have us by the balls and they know it. The fact that they came out of the great recession even bigger is proof enough of that.

Okay.

It also proves that both parties and our past and current POTUS are owned by the big banks. Government is the problem, since they bailed out the banks and now those banks are even bigger. Government has the power.

If government fails to protect the people and instead protects big banks and other big interest groups, what good is government?

When legislators are essentially puppets of moneyed interests, the outcomes are predictable.

Getting money out of politics and instituting congressional term limits would eliminate most of that.

Is that gonna happen? Nope.

.

Money can't be gotten out of politics because money decides what is in or out of politics.

 

[CrusaderFrank]

It's simple.

Cancel all FDIC insurance.

 

[NYcarbineer]

Dimon Gets 74 Percent Raise After Billions in Fines

Dimon Gets 74 Percent Raise After Billions in Fines - Businessweek