Comments on: Elizabeth Warren: “The big banks always get what they want” http://www.creditwritedowns.com/2009/10/elizabeth-warren-the-big-banks-always-get-what-they-want.html Finance, Economics and Markets Fri, 10 Feb 2012 00:37:00 +0000 hourly 1 By: Edward Harrison http://www.creditwritedowns.com/2009/10/elizabeth-warren-the-big-banks-always-get-what-they-want.html#comment-57376 Edward Harrison Tue, 20 Oct 2009 17:44:00 +0000 http://www.creditwritedowns.com/2009/10/elizabeth-warren-the-big-banks-always-get-what-they-want.html#comment-57376 It's hard to argue with your point. But I am going to keep tilting at these windmills. Let's see what happens. It’s hard to argue with your point. But I am going to keep tilting at these windmills. Let’s see what happens.

]]> By: LavrentiBeria http://www.creditwritedowns.com/2009/10/elizabeth-warren-the-big-banks-always-get-what-they-want.html#comment-57375 LavrentiBeria Tue, 20 Oct 2009 17:28:00 +0000 http://www.creditwritedowns.com/2009/10/elizabeth-warren-the-big-banks-always-get-what-they-want.html#comment-57375 "At a minimum, we need to call the government to account and vote to display our displeasure with specific politicians that are captured." And, honestly, what would this be likely to achieve, what it has for going on decades now? What you see as "jaded", Ed, I see as mature. At one point or other, self-respect involves jettisoning faith in parliamentary devices that are simply proprietary objects. It isn't clear enough that we've had our democracy stolen from us, that we are subjects, no longer citizens? You're in need of further proof? Anyone voting in an election in the United States today simply serves to reinforce the illusion that elections here have real meaning. For those that recognize this reality, even the most vestigial sense of personal honesty requires non-participation. For those that don't, there's the continuing self-abasement, of course. “At a minimum, we need to call the government to account and vote to display our displeasure with specific politicians that are captured.”

And, honestly, what would this be likely to achieve, what it has for going on decades now? What you see as “jaded”, Ed, I see as mature. At one point or other, self-respect involves jettisoning faith in parliamentary devices that are simply proprietary objects. It isn’t clear enough that we’ve had our democracy stolen from us, that we are subjects, no longer citizens? You’re in need of further proof? Anyone voting in an election in the United States today simply serves to reinforce the illusion that elections here have real meaning. For those that recognize this reality, even the most vestigial sense of personal honesty requires non-participation. For those that don’t, there’s the continuing self-abasement, of course.

]]> By: Edward Harrison http://www.creditwritedowns.com/2009/10/elizabeth-warren-the-big-banks-always-get-what-they-want.html#comment-57370 Edward Harrison Tue, 20 Oct 2009 13:18:00 +0000 http://www.creditwritedowns.com/2009/10/elizabeth-warren-the-big-banks-always-get-what-they-want.html#comment-57370 Sorry for the delayed reply. I know you posted similar thoughts at naked capitalism. Very jaded! Yes, the defenders of the status quo do have the upper hand. But, we can't sit idly by and let things take their course. At a minimum, we need to call the government to account and vote to display our displeasure with specific politicians that are captured. Others are increasingly talking about public forms of protest to voice displeasure. I think that is definitely the way forward - and Elizabeth Warren is doing her part. Sorry for the delayed reply. I know you posted similar thoughts at naked capitalism. Very jaded! Yes, the defenders of the status quo do have the upper hand. But, we can’t sit idly by and let things take their course. At a minimum, we need to call the government to account and vote to display our displeasure with specific politicians that are captured. Others are increasingly talking about public forms of protest to voice displeasure. I think that is definitely the way forward – and Elizabeth Warren is doing her part.

]]> By: LavrentiBeria http://www.creditwritedowns.com/2009/10/elizabeth-warren-the-big-banks-always-get-what-they-want.html#comment-57359 LavrentiBeria Sat, 17 Oct 2009 04:37:00 +0000 http://www.creditwritedowns.com/2009/10/elizabeth-warren-the-big-banks-always-get-what-they-want.html#comment-57359 Everyone's big sister, Elizabeth Warren, is doing for outraged "progressives" precisely what Obama did for an outraged electorate at this time last year: Creating the illusion that they actually have a voice in an important place that will act on their behalf. Despite all of Ms. Warren's League Of Women Voters earnestness, the PBS interviews and the oowing and aahing of her starstruck fans, Ms. Warren has all the <i> basso profundo </i> of a 21st century castrato, her role as a watchdog about as effectual as the Baltimore Orioles bullpen. It can hardly be news at this juncture that the financial interests "have all the money, all the lobbyists", or that "we have to get foreclosures under control". If well intentioned people are going to persist in the fantasy that the system truly is remediable, they're going to insist on being shown the beef. And I just don't think you're ever going to be able to do that, Elizabeth. Everyone’s big sister, Elizabeth Warren, is doing for outraged “progressives” precisely what Obama did for an outraged electorate at this time last year: Creating the illusion that they actually have a voice in an important place that will act on their behalf. Despite all of Ms. Warren’s League Of Women Voters earnestness, the PBS interviews and the oowing and aahing of her starstruck fans, Ms. Warren has all the basso profundo of a 21st century castrato, her role as a watchdog about as effectual as the Baltimore Orioles bullpen. It can hardly be news at this juncture that the financial interests “have all the money, all the lobbyists”, or that “we have to get foreclosures under control”. If well intentioned people are going to persist in the fantasy that the system truly is remediable, they’re going to insist on being shown the beef. And I just don’t think you’re ever going to be able to do that, Elizabeth.

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