Elizabeth Warren: “We Have A Real Problem Coming…”
By Barry Ritholtz - August 14th, 2009, 3:00AM
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Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
August 14th, 2009 at 5:44 am
It’s so nice to have a straight shooter like EW around!
She does a great job considering she has to explain her view to kindergartners…
August 14th, 2009 at 5:46 am
My favorite comment [paraphrasing]…
That Timmeh approach is like someone spreading a bunch of $2 bets around the c@sino…
Classic! :-)
August 14th, 2009 at 7:02 am
Wait…Joe says the too-big-to-fail world has ended! When did that happen? I must have missed it.
August 14th, 2009 at 7:47 am
Hey Dead, since when does everyone have to understand the arcane language of banking. It is a big world out there, take your pick at the subject and anyone and everyone can and does become a kindergartener. Most people just want to be able to trust others – doctors, lawyers, oh! and bankers.
August 14th, 2009 at 9:02 am
@JustinTheSkeptic
“Most people just want to be able to trust others – doctors, lawyers, oh! and bankers”
IMHO – Most people want to be lied to (or believe the lies they’re hearing are, in fact, the truth).
At least EW doesn’t do that.
I like how EW here was successful in staying neutral (as all Joe Scarborough seemed try to do at every corner was to attempt to draw a distinct line at the point of the Lehman collapse, and pin the whole fiasco on Hank Paulson, meanwhile Mika Brzezinski was just trying to keep up with the multi-syllable words).
In any case, neither Joe or Mika seemed to care about any “cautionary” ramifications for the future.
All anybody wants on TV anymore are “bundled up” reasons to say everything is OK so they can go back to talking about what what Obama bowled at Camp David last week, how the puppys pody training is coming along, or who’s invited to the WH this week for a beer.
August 14th, 2009 at 9:56 am
The quote of the day says it all.
Accurate thinkers permit no one to do their thinking for them. —Napoleon Hill
EW is what one would call an accurate thinker.
August 15th, 2009 at 10:50 am
5 Stars for EW!! Thank God, she is there. She is one of the very, very few folks up there that I have ANY confidence in what they say.
Most are pure God damn liars mouthing what they have been paid to say and do.
August 15th, 2009 at 11:20 am
But the TBTF World did NOT end on September 15th, You idiot!!
August 15th, 2009 at 3:41 pm
@BG -
….what did that male host say at about 9:18?
he was glad that the TBTF world ended on 9/15
WTF, was he even listening, let alone comprehending what the conversation with EW was about – a freakin’ idiot 4-sure
August 16th, 2009 at 9:21 am
There are things that I thought about when I first posted this on one of the other topics and Barry was nice enough to put it here.
Roubini, early on in this mess, was one of the early arguers that the mega-bank investment model was now a product of history, and that the business model of the Lehman Bank type would no longer work(remember?)…perhaps things have changed, or maybe they just need money augments by the government to keep them in business.
Bad debt, carried on the books, are still bad debts. Only the accounting standards have changed.
CRE is still coming. We now see the early phases of it. Much more to come. (The theme of why she thinks we have a real problem coming….)..