“Her strategy will depend on what happens,” said Simon Johnson, a professor at M.I.T.'s Sloan School of Management. “If she doesn’t get on the banking committee, then she’ll take a more outspoken approach.” He said that Democrats as a whole had not followed through on several issues of financial reform, so “it matters a great deal” where Ms. Warren is assigned.
“Not putting her on banking would make the Democratic Party look like a creature of Wall Street, which, by the way, it is,” Professor Johnson said. “But they don’t like to be too explicit about it.”
They need to release the names and addresses of these Wall St jerks and lobbyists.
Their anonymity with the general public who they've screwed over makes them arrogant.
The occasional scare would make them think twice about fucking with peoples money and home.
They need to be taught they can't get away with it.
Not going to happen mostly because the SEC had employees literally in the offices all those we would most like to prosecute. Hard to make a case with that.
Surprise, surprise.
Quote:
wsj: The top U.S. securities regulator doesn't intend to charge any individuals in its planned enforcement action against J.P. Morgan Chase & Co. for the allegedly fraudulent sale of mortgage bonds, according to people close to the investigation.
The J.P. Morgan deal is expected to be the first in a series of SEC enforcement actions related to Wall Street's manufacture and sale of mortgage-backed securities, said the people close to the investigation.
wapo: The SEC has issued notices to banks including JPMorgan in investigations focusing on mortgage securities and whether lenders failed to disclose underlying credit weaknesses. Goldman Sachs paid $550 million in 2010 to settle SEC claims that it misled investors on a mortgage-linked investment in 2007. In that case, Goldman Sachs said it made a “mistake” in omitting disclosures.
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... and this important discussion continues.
Yep, the Dems are just as corrupt and in bed with Wall Street crooks as the Reps. Talk is cheap. I believe that Ms Warren is a true believer in WS reforms, but now she's in the belly of a very rigid beast, along with only one or two others with similar missionary zeal to affect much needed changes. Don't expect a whole lot of substantive changes to the status quo
They need to release the names and addresses of these Wall St jerks and lobbyists.
Their anonymity with the general public who they've screwed over makes them arrogant.
The occasional scare would make them think twice about fucking with peoples money and home.
They need to be taught they can't get away with it.
Quote:
Originally Posted by mlfun
Surprise, surprise.
wapo: The SEC has issued notices to banks including JPMorgan in investigations focusing on mortgage securities and whether lenders failed to disclose underlying credit weaknesses. Goldman Sachs paid $550 million in 2010 to settle SEC claims that it misled investors on a mortgage-linked investment in 2007. In that case, Goldman Sachs said it made a “mistake” in omitting disclosures.
the best way to rob a bank used to be "to own one"...now "to regulate one".
Dude, nobody is going to a banker, lobbyist, etc house and teach them anything they don't already know.
Yep, the Dems are just as corrupt and in bed with Wall Street crooks as the Reps. Talk is cheap. I believe that Ms Warren is a true believer in WS reforms, but now she's in the belly of a very rigid beast, along with only one or two others with similar missionary zeal to affect much needed changes. Don't expect a whole lot of substantive changes to the status quo
Yep, the Dems are just as corrupt and in bed with Wall Street crooks as the Reps. Talk is cheap. I believe that Ms Warren is a true believer in WS reforms, but now she's in the belly of a very rigid beast, along with only one or two others with similar missionary zeal to affect much needed changes. Don't expect a whole lot of substantive changes to the status quo
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