Who's Afraid Of Elizabeth Warren, And Why? Examining Her Opposition (Ultimate Viewers Guide)

Video - Obama introduces Warren as interim Chairman

Warren told to quit now because "The banks always win. Always."

Eight short clips below including Geithner, Obama, Gibbs, Norquist, Merkley, Dodd and Pete Peterson.

Here's something I just found:

• Does Obama’s Aide Valerie Jarrett Give Elizabeth Warren the Inside Track?

---

Now Geithner, which we've covered previously here:

• The Real Reason Tim Geithner Is Afraid of Elizabeth Warren

Yet surprisingly, in this clip (1 minute), Warren praises Geithner.

---

In my last post, I discussed Chris Dodd's opposition:

• Chris Dodd On Elizabeth Warren's Possible Nomination: "Sheila Bair Is A Much Better Candidate" (VIDEO)

---

Grover Norquist and the rest of the Wall Street captured don't like her because she called for the nationalization of the banks.  He claims this view represents the 'extreme Left' of American politics. 

Perhaps he forgot that Alan Greenspan also called for nationalization, and others from the so-called Right.  It's clear that opposition to Warren's candidacy is being pushed and funded by Wall Street, credit-card companies and banks.  Those you see speak out -- Dodd, Norquist, Fiscal Times, Geithner, et al -- are merely their paid Washington shills.

Also, Republicans Bill Seidman, Federal Reserve President Thomas Hoenig and Nassim Taleb all voiced their support for bank nationalization.  Read one of my first columns on this subject, which was picked up by the NY Times:

• The Banking Oligarchy Attacks Elizabeth Warren

---

Now it's Pete Peterson's turn, via his website Fiscal Times:

• Elizabeth Warren Gets A Thumbs Down From Newspaper Funded By Billionaire Pete Peterson

• The Fiscal Times vs. Elizabeth Warren

• Elizabeth Warren: Candid, Gutsy, and Making Enemies

• Elizabeth Warren: Does She Have the Judgment to Lead?

---

Now Obama...

Video:  Obama talks about his former Law School Professor Elizabeth Warren and her possible appointment to lead the CFPB.

---

Video:  On the other side, take a look at Oregon Sen. Jeff Merkley as he speaks in support of Dr. Warren.

---

Finally, watch this awesome clip of Warren vs. Geithner and decide for yourself whether you want her in Washington fighting the banking oligarchy.

Video:  Warren makes Geithner very uncomfortable with questions about AIG and Goldman Sachs:

• "Where did the money go?"

Comments

[DailyBail]

Class Action RICO Suit Alleges Tens of Thousands of New York Foreclosure Frauds Orchestrated by "Foreclosure Mill" Attorney & Banks

http://www.prweb.com/releases/2010/08/prweb4409724.htm

[DailyBail]

Greenspan: Nationalize The Banks

http://www.businessinsider.com/greenspan-2009-2

[DailyBail]

The Bank Bailout Verdict: We Are A Nation Led By Idiots

http://dailybail.com/home/2009/2/23/the-bank-bailout-verdict-we-are-a-nation-led-by-idiots.html

[DailyBail]

Blagojevich holdout explains vote

Battling stomach pains and fatigue, JoAnn Chiakulas would take the train into the city each morning knowing that her resolve was disappointing some people and infuriating others.

But the 67-year-old grandmother said she also knew that as a juror in Rod Blagojevich's corruption trial, she had a responsibility to follow her conscience and the law. She said she did not believe he or his brother committed a crime with their actions to fill Barack Obama's Senate seat, so she would not find them guilty despite what other jurors, prosecutors and, perhaps, the general public wanted.

If it was going to be 11-1, so be it.

http://www.chicagotribune.com/news/local/ct-met-blagojevich-jury-20100827,0,1393639.story?page=1

[DailyBail]

Desperate homeowners line up for mortgage modification marathon

http://www.palmbeachpost.com/money/real-estate/desperate-homeowners-line-up-for-mortgage-modification-marathon-882338.html

[DailyBail]

The national debt is the single biggest threat to national security, according to Adm. Mike Mullen, chairman of the Joint Chiefs of Staff. Tax payers will be paying around $600 billion in interest on the national debt by 2012, the chairman told students and local leaders in Detroit.

http://www.executivegov.com/2010/08/mullen-national-debt-is-a-security-threat/

[DailyBail]

SPIN METER: What Biden didn't mention on stimulus

http://www.google.com/hostednews/ap/article/ALeqM5iadyD5XKmEBG9rKT1EOkoaeIUPwwD9HRMPH01

[John P]

Terrific work db. I'm a fiscal conservative and I would vote for Elizabeth Warren for President. She makes Hillary Clinton look like a novice. I wonder if she has given any thought to a political career.

[mark mchugh]

Thanks for the Blago juror link, DB. I'm not as angry about it anymore.

[DailyBail]

I'm still pissed off that Blago is free...this one woman wouldn't even deliberate...but i want that reprobate (Blago) in jail...and i hope he brings down rahm emmanuel and obama...

[DailyBail]

Does Obama’s Aide Valerie Jarrett Give Elizabeth Warren the Inside Track?

http://blogs.wsj.com/washwire/2010/08/26/does-obamas-aide-valerie-jarrett-give-elizabeth-warren-the-inside-track/

Something I just found...

[James Street]

D.B. I'm surprised and thankful that you agree that Elizabeth Warren is the best person on the political horizon for the job of finance/bank regulator.

And I agree with John P.

My hope is that the left and right can each purge itself of its own brand of insanity and come together.

Not likely but possible.

Elizabeth Warren would be an extraordinary first step.

[James H]

I'm conservative enough to think that fraud ought to be illegal and punishable. I'll take EW any day of the week. But at this point, I'd actually be surprised if O'Banksta comes through.

[DailyBail]

James Street...not sure why you are surprised...i have been pushing, supporting, profiling dr. warren since the beginning of the site...just because i believe in smaller government in a general sense doesn't mean i don't recognize that consumers need a strong regulator against the banks and cc companies...it's not left-right for me as you know...

[James Street]

However, if you really analyze what Geithner said in their interchange, he answered Warren very well and she seemed satisfied.

You can let a very large corporation go bankrupt, such as GM, but if you let a large finance insurance company go bankrupt then the financial repercussions could shake down the entire system. That is what they tried to prevent. The only other option they had was to nationalize and Geithner seemed to hint that they simply didn't have the tools to "restructure" such a large financial institution (i.e. nationalize it.)

But he hinted that they might have the tools in the future, mostly by tone of voice and choice of words.

You have to do a lot of reading between the lines to know what either one of them believes possible and/or desirable or necessary in the future.

As most people on this site know, nationalization doesn't work as well as socialists wish it did, as recent European history proves.

It was criminality, venality, arrogance, greed and sheer stupidity that almost brought the system down and might yet bring it down.

It might be that there is no solution short of collapse and slow recovery for that, if possible.

[James Street]

Sorry DB. Sometimes I conflate you with your side kick Steve Sailer, especially since you said you were flattered that I thought you were he and that you agreed with everything on his web site.

I can't imagine Sailer, with his explosive, anarchic personality, attracted to a regulator like Elizabeth Warren, that's all.

[Dr. Pitchfork]

Pitchfork says,

James Street, what the heck are you talking about? We nationalize banks every goddam Friday. Of course we can, and could, do it. Chris Whalen has explained this ad nauseum. And remember, Lehman's failure did not bring down "the entire system." In fact, it had very little impact on the real economy at all. That's the dirty little secret. Bailouts had virtually NOTHING to do with the real economy. And no, scare tactics do not an argument make.

[S. Gompers]

DB agree's with Sailer? I haven't seen that kind of bigotry in him.

[Dr. Pitchfork]

And remember, too, that little prick Geithner -- that "worthless piece of maggot shit," Tim Geithner, was Prez of the NY Fed from 2003. Has he ever admitted to being a complete and utter fuck up? NO. That alone puts him pretty high on my shit list. He of all people should have known the dangers lurking in the credit system. But he's a worthless moron. Who did nothing. Who knows nothing. And won't admit to jack squat.

[DailyBail]

@ James Street...

I have NO IDEA what you are talking about...i had never even heard of Steve Sailer or whatever his name is...you are confused....you were talking to Z...and Z said that he liked steve sailer...why in god's name would you think that was me...go back and read the thread again...

All I said to you was that I didn't know that Z had a website...then you posted the steve sailer links and then Z said that he liked the guy...again...how did you get so confused as to think I was saying that..

Now onto your other comment...

[Dr. Pitchfork]

N.B. but this post -- "Who's Afraid of Elizabeth Warren, and Why? Examining Her Opposition (Ultimate Viewers Guide)" -- is, in fact, a post about Elizabeth Warren and those who oppose her. Our apologies for misleading some of our readers, but this is NOT a post about Barack Obama's birth certificate. Thanks.

[DailyBail]

@ James Street...

You really are new to this subject matter...what EW was arguing with Geithner about was payment at PAR to AIG counterparties...i've written piece after piece on this subject...without letting AIG fail we could have negotiated payments...in fact AIG was attempting to negotiate payments...then the FRBNY stepped in and Dan Jester, a former Goldmanite working for Geithner and Paulson, got the ball rolling for payouts at PAR...the entire thing was an orchestrated attempt to funnel cash to goldman...

You are mistaken to think that what we did with AIG-Goldman was right and fair...start reading these links...and these are just a few of the stories...

How The NY Fed, Under Stephen Friedman & Tim Geithner Pressured AIG Officials To Withhold Details Of Payments To Goldman Sachs, Other Counterparties

http://dailybail.com/home/how-the-ny-fed-under-stephen-friedman-tim-geithner-pressured.html

___

COVER-UP: New York Fed Officials Pressured the SEC to Grant 'National Security' Status To Hide AIG's $62 Billion Gift To Banks »

http://dailybail.com/home/cover-up-new-york-fed-officials-pressured-the-sec-to-grant-n.html

[DailyBail]

Watch LIVE VIDEO: The New York Fed, AIG Cover-Up Hearings (Geithner, Paulson, Baxter, Barofsky & Friedman, LIVE BLOGGING) »

http://dailybail.com/home/watch-live-video-the-new-york-fed-aig-cover-up-hearings-geit.html

---

Is Stephen Friedman Guilty Of Insider Trading? »

http://dailybail.com/home/is-stephen-friedman-guilty-of-insider-trading.html

[DailyBail]

@ James Street...your catching-up reading list continues...make sure to read the Dan Jester story.;..though to be properly informed you should read them all...

Janet Tavakoli Wonders: Did Friedman, Paulson & Geithner Conspire To Hide Goldman's Role In The AIG Crisis? »

http://dailybail.com/home/janet-tavakoli-wonders-did-friedman-paulson-geithner-conspir.html

---

A 25 Billion Dollar Secret: The NY Fed, Goldman & The AIG Cover-Up »

http://dailybail.com/home/a-25-billion-dollar-secret-the-ny-fed-goldman-the-aig-cover.html

---

Who Is Dan Jester And Why Did Tim Geithner Call Him 103 Times During The Financial Meltdown Of 2008?

http://dailybail.com/home/who-is-dan-jester-and-why-did-tim-geithner-call-him-103-time.html

---

How Paulson Appointees & Former GS Employees Dan Jester & Ed Liddy Colluded To Destroy AIG And Secure A Secret Bailout For Goldman Sachs »

http://dailybail.com/home/how-paulson-appointees-former-gs-employees-dan-jester-ed-lid.html

[DailyBail]

Subpoenaed Documents Show Goldman Sachs Offered to 'Tear Up' AIG Derivatives Contracts at 'Right Price' Before NY Fed Took Over Negotiations »

http://dailybail.com/home/subpoenaed-documents-show-goldman-sachs-offered-to-tear-up-a.html

---

This is the last one...but i've written dozens more...at a minimum, please take the time to skim/read all the links...they are quick...you will have a much better understanding of the AIG bailout and why EW went after Geihtner's ass...he was acting on behalf of Goldman not taxpayers...

[DailyBail]

I didn't say it wasn't news...i'm listening to the interview now....what pitchfork said was no need to post it in this thread...i'll probably post the brian williams -obama clip tomorrow...but not for birth certificate/muslim reasons...rather because when the president gives a 23 minute interview then it's news and deserves posting...understand that the rest of us ACTUALLY get tired of your posts about birth certificate issues...it gets old...

[Z]

Pollute this discussion, are you high?

Mark was talking about Blago.
Who the fuck knows what James keeps going on and on about. He keeps mixing up what you say and what I say.
Pitch was calling Geithner names (maggot shit I think).
Gomp was egging on James and going on and on about the herd.
You posted other stories.

What the fuck did I miss? Oh please, wtf???

[Z]

The birth issue is the tip of the iceberg. I hope you are starting to figure that out about Obama. The President is a fraud, don't you get it.

[DailyBail]

That's a pretty solid summary...relax...it's the subject matter...yes i posted other links above...and yes people discuss various things...but more birth certificate-muslim comments are not needed...maybe if you didn't push those same themes dozens of times per week, then the reaction would be different...just relax...you are not being censored...i am not the enemy...

as for obama being a fraud...fine i agree basically...next issue...the elections are in november.,..throw out all incumbents except ron paul...

[Z]

Okay, I will relax but this story is finally getting the traction is so deserves. Obama is getting defensive and his true identity and past may soon be an open book if the American people demand it.

Obama is "The Illegitimate President", I can only see it as the biggest story of my lifetime.

[Z]

If the truth surfaced, and that could be today or in a year from now, he would be Nixon times a trillion.

I understand what you are saying DB, I will try.

[DailyBail]

The muslim part of the story is a moot point i assume you agree...there can never be proof either way...he can say he goes to church but the doubters will think he's lying...so again i think it's not even worth discussing...

The BC issue is something different...yes it would be a big story if it were proven he was not born here...i agree...so can we now go back to discussing EW and Geithner and AIG...

[James Street]

First, I have no wish to become an expert on AIG or the American/world banking industry.

As I said, power listens to power, not reason and evidence stated by non-entities, no matter how well packaged and presented. I'm not even a professional economist, not to mention a well-respected or tenured professor in a respected university, or any university or think tank for that matter.

Even economists and professors of finance, from the most respected American universities and think tanks, are almost completely ignored by politicians who only listen to their big money corporate contributors and their pollsters.

It would be the path to lunacy to try to convince any politician of anything since none of them is listening.

My essays are well-reasoned, fact-based observations about the real world. I don't expect to make money from them or to gain recognition. They help me organize my own thoughts and those of other interested people whose sole purpose is to try to gain a little insight into the truth of economics, history, philosophy, science and other human matters.

Also, while I enjoy trying to bring some light and sanity to places such as this, I've lost any illusions that I am talking to more than one person.

I don't accuse DB of being a paranoid schizophrenic ventriloquist. Far from it. But he doesn't even identify himself anywhere on his site and no other contributor, to my knowledge does here either.

So why should I take a bunch of insulting, uncouth and uneducated nonentities hiding behind anonymity, seriously? Or should I be more generous and call you clowns?

Anyone who anonymously vents a huge amount of rage against public figures or known personalities is a coward and potential enemy of the state who is either a craven FBI cover agent and agent provocateur or a potentially dangerous nutcase.

As for a few conveniently ignored facts.

America is very clearly an oligarchy run by a well-established class of businessmen who attend well-known private boarding schools and business schools and who have deep roots in the inherited American plutocracy of the past. They pride themselves on allowing ambitious and intelligent members of the lower orders, such as Hank Paulson, into their ranks.

But without the manure from the lower orders the oligarchy would collapse over night, so there isn't much to be proud about there.

They don't want this system to end and the only way it can end is the way it has ended in every other state on earth. As far as I know there is no exception in history where oligarchies and feudal societies have broken up peacefully and distributed their privileges and power democratically to the majority.

It just doesn't happen.

This time, they sacrificed a few well-chosen sacrificial lambs and saved their friends.

If you knew anything about history and human nature, you wouldn't be outraged. You would be content to watch history repeat itself and sit on the sidelines knowing that you are not players and can't have any influence on the process but only be happy that you have the privilege to understand and observe it.

It's called sanity and good sense.

[DailyBail]

edited

[DailyBail]

And every poster who I listed above is a unique individual...they are not the same person...or just a few people..i can see the IP addresses of everyone who comments on any story...I have looked many times at all the regulars...the IPs are different...and then when I look them up on an IP board they show different cities...so i can confirm that all of the above are unique, real people...

That being said, you are free to exit stage left and not return...your lack of interest in learning about AIG/Geithner tells me all I need to know.

[DailyBail]

If you knew anything about history and human nature, you wouldn't be outraged. You would be content to watch history repeat itself and sit on the sidelines knowing that you are not players and can't have any influence on the process but only be happy that you have the privilege to understand and observe it.

It's called sanity and good sense.

---

Lastly, James wtf is this..?...I'm a reporter...I cover debt, deficits, bailouts, wall street fraud and corruption...this is probably the wrong site to visit if you wish to sit idly by while you get raped by power...

I would suggest visiting AmericanIdol.com and TMZ in the future so you may be entertained while you do your esteemed observation...

[James Street]

Fine. If you aren't z then I have no quarrel with you. My last post was directed at z who I said is Steve Sailer.

I said:

I don't accuse DB of being a paranoid schizophrenic ventriloquist. Far from it. But he doesn't even identify himself anywhere on his site and no other contributor, to my knowledge does here either.

Why did you take offense?

I stand by my pretty common place observation that power listens to power and its corollary, if you want to have any effect in politics, you have to be a player and be part of a political organization. If that pisses you off so be it.

And what kind of bullshit is this:

Lastly...there is an 'about the author' page above...i've given out plenty of information about myself, in comments and on radio appearances...including my name, where I live, my background as analyst/trader/money manager, my work at cnn, and more...

Stop the bullshit and tell us who you are.

You said,

i have no fucking clue who steve sailer is...i am not z...keep things straight, and stop insulting me...i have worked my ass off for 20 months building this website and providing content and attempting to create awareness among people about these issues...i do not need to waste my time responding to stupid attacks...

I think you can figure out who steve sailer is:

http://isteve.blogspot.com/
http://www.isteve.com/
http://sailerfraud.blogspot.com/

[DailyBail]

Crist James...This is why you're getting banned...you wrote "IF you're not Z"...after I spent an hour laying it out for you last night, you still doubt me...

For the last fucking time...I am not z...nor am I Steve Sailer...I had never heard of Steve Sailer until you brought him up...if you had any idea how much z and i have fought over the past 18 months, how he's been banned by me a few times, you would realize the sheer stupidity of your suggestion...

You have seriously worn out my last nerve with this insulting bullshit...you are no longer welcome here...

[Z]

http://www.youtube.com/watch?v=JUH1H-b-N5o

[DailyBail]

James wrote:

Fine. If you aren't z then I have no quarrel with you.

---

You're missing the point...it's not about your quarrel with me...it's now about my distaste for you...this isn't your site, you don't make the rules...

[Sagebrush]

James:

Why don't you take some light and sanity to a site that caters to pompous over inflated people who know it all.

It must be demeaning for you to deal with us,

"insulting, uncouth and uneducated nonentities hiding behind anonymity, Or should I be more generous and call you clowns?"


Don't let the door hit you in the ass on the way out!

[S. Gompers]

edited

[DailyBail]

Gomp...some people know my name from the radio shows...and i've posted it in comments before...i made a decision when i launched the site not to use my name...

It has nothing to do with hiding...

Zero Hedge and the many Tyler Durdens are all anonymous...

Yves Smith of Naked Capitalism...that's not her real name...anonymous again...

Calculated Risk is anonymous....but his name bill McBride is known by some...

I could go on and on....

[Z]

Name all 6 or 8 Gomp...

Do you count when I shortened my names...Zarathustra to Zara to Z? If yes, then there could be six or seven names.

Just curious...

[James Street]

Let's see, you wrote:

"Crist James...This is why you're getting banned...you wrote "IF you're not Z"...after I spent an hour laying it out for you last night, you still doubt me..."

You didn't spend an hour laying out your identity. You spent an hour laying out your position on AIG.

Now you emerge as the great Larry Doyle who is so far above me that I'm not even worthy of talking to.

Z didn't deny that he is Steve Sailer but I suppose he will shortly.

[DailyBail]

edited

[DailyBail]

T Dar...no need to worry...I wasn't flipping out on Z...and pitchfork wasn't either...he just removed one comment...and tehn z. got pissed...but that was nothing...it's not easy to get me angry but James S managed to pull it off with his comments...

When he attacked all the commenters here, that was enough for me...then he continued to make the same implication...so I banned him...simple stuff...you have nothing to worry about...things are back to normal...

[S. Gompers]

Yes Gobie, those three name changes count because some did not catch the changes and actually thought we knew you.


"insulting, uncouth and uneducated nonentities hiding behind anonymity, Or should I be more generous and call you clowns?"

I have already found my non entity, seek your straw man James…

http://realitybloger.wordpress.com/2010/02/26/killing-your-strawman-the-path-to-freedom/

It is amazing that you feel you are the only educated person out there in the big old world, your process of “educated” deduction sure blew it. When I stated a while back that I was an unabashed redneck of disadvantaged Appalachian descent, I did not mean for you to take it so literally, I am edgeamacated.

I love this place...

[DailyBail]

Gomp...are you saying that you are sovereign...just curious...

[Z]

It is still the most viewed news on Yahoo!News. I feel pretty good about considering it news and relevant. This story is only growing by the day. The percentage of people who are shining a light on the obvious fraud keeps growing. Maybe this is how a lot of people felt about Watergate. Well, one guy from Chicago was just beginning to experiment with pot and harder drugs. He probably didn’t give a shit. I don’t know the timeline of Watergate but my guess is that there was a steady drip of scandal leading to Nixon leaving office. I think that a lot of people thought that it wouldn’t bring down the most powerful man in the world. As we all know, it did bring down Nixon. Just like the almighty dollar, the position of President is usually based on a lot of trust. We trust that the dollar will hold its value and we trust that the President has our best intentions in mind and will go to the ends of the earth to make the great U.S.A. safe and prosperous. We trust that the economic opportunity will be highly valued by all and that the government accepts their minor role and that they are not going to stand in the way of the American dream. But what if there is a turncoat or a renegade that has gained our trust through nefarious means? Should we all remain vigilant or should we take a more religious perspective and go off of blind faith that the leader of the free world wants to keep it free? I am a realist. I am also someone who trusts my sixth sense, I smell something rotten in the state of Denmark. When I am proved right, will I have played a small part in exposing the dangers of the imposter? Maybe I just knew what was right and I did what I could. Will it be worth the effort? Will another fraud take his place? Will the American people hold him accountable? It is very complicated and I don’t post it to be provocative, I post what I post to be relevant but also to keep my perspective on what it all means to me. It’s a free country, for now. I will continue to enjoy my freedom of speech and thought. If the door ever closes here, another one will open.