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Good reports: "Elizabeth Warren has a question: How much money does a bank have to launder before people go to jail?"

Elizabeth Warren speaks to reporters during a news conference, 05/02/12. (photo: Steven Senne/AP)
Elizabeth Warren speaks to reporters during a news conference, 05/02/12. (photo: Steven Senne/AP)


Elizabeth Warren Demands Jail for HSBC 'Money Launderers'

By Chris Good, ABC News

08 March 13

 

lizabeth Warren has a question: How much money does a bank have to launder before people go to jail?

Warren, the Democratic senator from Massachusetts and financial-regulatory maven, posed that question numerous times to financial regulators at a Senate Banking Committee hearing Thursday on banks and money laundering.

In December, U.S. Justice Department officials announced that HSBC, Europe's largest bank, would pay a $1.92 billion fine after laundering $881 million for drug cartels in Mexico and Colombia. At the time, the Justice Department disputed accusations that it views some banks as too big to prosecute.

The two regulators, Under Secretary for Terrorism and Financial Intelligence David S. Cohen and Federal Reserve Governor Jerome H. Powell, deflected Warren's questions, saying that criminal prosecutions are for the Justice Department to decide.

"If you're caught with an ounce of cocaine, the chances are good you're going to jail. If it happens repeatedly, you may go to jail for the rest of your life," an exasperated Warren said, as she wrapped up her questioning. "But evidently, if you launder nearly a billion dollars for drug cartels and violate our international sanctions, your company pays a fine and you go home and sleep in your own bed at night - every single individual associated with this - and I just think that's fundamentally wrong."

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+230 # moafu@yahoo.com 2013-03-08 11:38
Well, NOW Elizabeth Warren makes sense.
 
 
+239 # James38 2013-03-08 13:54
From everything I have seen, Elizabeth Warren has been making sense all along.

She has been consistent and clear about her policies ever since I can recall hearing about her.
 
 
+153 # MainStreetMentor 2013-03-08 16:10
I agree!! However, her “fight” has been made much more difficult with the statement from Attorney’s General Holder: “Some banks are too big to prosecute”. Senator Warren MUST know: The American People are behind her efforts at jailing convicted bankers who have broken the law. A very clever lawyer can make the “corporations-a re-people” decision by the Supreme Court, work in the favor of the prosecutor(s) and not allow a corporation (read Wall Street here) “wiggle” out of legal court-room processes because they are a corporation – no, not any longer – they are a “person”, and as such can be sentenced to jail time en masse. Senator Warren is NOT going to “let up”, and I for one, will help back her up. The Senatorial Steam-roller is here – and she’s shiftin’ gears!
 
 
+63 # DRPJJ 2013-03-08 17:07
Wouldn't THAT be ironic? Of course it'll not happen because there are too few Senator Warrens around to lead the charge. Was delighted to see the many comments here and would that we could start a movement that would give power to those that recognize what a farce our government has become. Agree also that maybe she should take a page from Rand Paul's book and make her words be heard over and over again.
 
 
+65 # James38 2013-03-08 19:33
DRPjj, When you say "it'll not happen because there are too few Senator Warrens around to lead the charge", what you are really saying needs to be followed by the word "YET!"

Elizabeth Warren just got there, and it took a mighty fight to overcome the stodgy opposition - but now they look even worse than they did during the campaign.

We need to seek equally honest and determined candidates and get them to run in EVERY House and Senate district.

I think the response would be more positive than many might think, because there are a lot of people who are starting to realize that the right wing agendas of selfishness and profit-before-h onor etc are wrong. They are getting unhappy being part of the party that is destroying the Nation.

Let's get busy, and find the candidates, or BE the candidates, and get this Nation back on track - or Really on Track for the first time ever.
 
 
+27 # Firefox11 2013-03-09 11:57
YET. Excellent point. "Be the change you wish to see in the world." Ghandi
 
 
+14 # James38 2013-03-10 01:06
@Firefox11, if you happen to check this discussion, you will enjoy another quote from Gandhi, who, when asked by an interviewer what he thought about Western Civilization, paused; and then said: "I think it would be a good idea."
 
 
+15 # jcdav 2013-03-09 20:19
WE need to UNASS and get vocal (in conversations, writing to newspapers- make ourselves HEARD) Back this gal and anyone else who will speak the truth...protest ...question. we are coming down the homestretch of losing our national soul...when the boomers die off the last living witnesses to an America that lived the dream will be gone..IT WILL ALL BE RUMOR and easily discounted when we are gone...lets at least show up to try and set the system back to function
 
 
+14 # Walter J Smith 2013-03-08 19:44
Yeah, she could filibuster the next Wall Street Pork Train these other Senators and the House loves throwing at the prez for a signature, and he never saw one he didn't like.
 
 
+35 # kellyannvarbel 2013-03-08 23:56
Let's elect her for our next President!
 
 
+17 # Firefox11 2013-03-09 11:58
I second that.
 
 
+16 # Firefox11 2013-03-09 11:55
I agree; it is time to bring back the filibuster which involves actually showing up in person and presenting your position; a new "stand your ground."
 
 
+32 # kellyannvarbel 2013-03-08 23:57
I hope we can call her President Elizabeth Warren one day.
 
 
+3 # RODNOX 2013-03-11 04:52
and what did she ever NOT make sense about ?
 
 
+305 # Barbara K 2013-03-08 11:39
Go get them, Senator Warren. Put the fear in them. We know you can do it and we have your back. Thank you, Senator Warren, for the great job you are doing. They are definitely not too big to jail, they are about the size of the rest of us.

..
 
 
+134 # HowardMH 2013-03-08 12:51
Elizabeth Warren for president.

Elizabeth Warren has more back bone than all of her fellow senators put together on this subject.

How come this is not showing up on the the evening news ???? Could it be Obama the Wimp has the main stream media totally under his thumb?
 
 
+23 # SOF 2013-03-08 21:03
Howard, I keep hearing this on FOX -that Obama somehow controls news. This is probably closer to truth than a 'liberal' press. But press is corporate owned and makes decisions based on ad revenue and their self-interest, so don't carry stories anti Wall Street, oil, nuclear, mining, etc. They have skeletal news depts and NO investigative reporting. The gov probably nixes some stories - military, drones, Iraq, NDAA, etc. but that's just a call to the few owners of all media. This story and Eliz Warren is frequent on the independent news. -which is why the gov is moving against internet freedom.
 
 
+11 # flippancy 2013-03-09 16:34
Quoting HowardMH:
Elizabeth Warren for president.

Elizabeth Warren has more back bone than all of her fellow senators put together on this subject.

How come this is not showing up on the the evening news ???? Could it be Obama the Wimp has the main stream media totally under his thumb?


Close, but you insult Bernie Sanders, Sherrod Brown, Jeff Merkley and others who are every bit as good, but who get l;ess publicity.
 
 
+280 # DPM 2013-03-08 11:39
I have so much contempt for our politicians that when people like Warren and Sanders come along, I am speechless. I am at a loss for words of admiration for them.
 
 
+54 # Nominae 2013-03-08 17:21
Quoting DPM:
I have so much contempt for our politicians that when people like Warren and Sanders come along, I am speechless. I am at a loss for words of admiration for them.


WELL SAID ! And isn't it a sad realization that what we see in Sens. Sanders and Warren is simply what we USED to see in MOST people holding those offices, with the exception of the fact that one did not see the women back then ?

But it is time to change this WHOLE DAMNED system. PERIOD. No Question. From the ground floor up, into something we've never seen before.

However, I am not particular whether that change comes from the INSIDE or the OUTSIDE.

No matter WHAT happens, tho, NO ONE can now rob me of the overarching pleasure of watching Elizabeth Warren hold these criminal's FEET TO THE FIRE !

Warren may or may not change the system but she speaks for ME in front of the WORLD to show that not ALL Americans are base, gutless, bottom feeders gagging on their own greed.

For those looking for a "Savior", (not my own propensity) THIS woman comes closer to filing the bill than Barack Obama EVER will !

And yet what's SO refreshing about Elizabeth Warren is simply that she is SO human, SO courageous, SO intelligent, and SO gifted as a teacher that she can and DOES "cut thru the bull" right down to the "bones" of the matter.

It is no WONDER that most of those sleaze-bag bastards on Wall Street start to itch in their $7,000 Suits at the mere mention of her name.
 
 
-3 # Walter J Smith 2013-03-08 19:48
Okay, can you begin this systemic change "from the ground floor" by offering a draft of a new Declaration of Independence? And/or, a new draft of the Constitution of the United States of Civility?

Be well and I look forward to your leadership.
 
 
+21 # Firefox11 2013-03-09 12:05
Warren may or may not change the system but she speaks for ME in front of the WORLD to show that not ALL Americans are base, gutless, bottom feeders gagging on their own greed.

Hear Hear.
"Never doubt that a small group of thoughtful, committed, citizens can change the world. Indeed, it is the only thing that ever has.”
― Margaret Mead
 
 
+7 # Firefox11 2013-03-09 12:16
Never doubt that a small group of thoughtful, committed, citizens can change the world. Indeed, it is the only thing that ever has.”
― Margaret Mead
 
 
+174 # pietheyn07 2013-03-08 11:41
A breath of fresh air!
 
 
+207 # billiemcgregor 2013-03-08 11:42
I agree in theory. However, white collar criminals are typically given preferential treatment because of their "status" and level of education. I believe that is wrong. Criminal behavior is criminal behavior and they should not be exempt from facing the consequences of prison life anymore than any other prisoner.
 
 
+84 # Scotty44 2013-03-08 14:00
A book, And The Poor Get Prison, documented that white collar crime does far more damage to society than all other crime combined. Yet, it draws the least amount of time. Change that, and it would decrease.
 
 
+77 # James38 2013-03-08 14:10
billiemcg, When you say you believe it is wrong to give white collar criminals preferential treatment, you are saying you agree both in principle and in theory. I agree with that idea thoroughly.

In fact, since "white collar" criminals are supposedly better educated, they should be held to higher standards if there is to be any difference, and thus their punishment should be more harsh, not less.

They violated higher standards, if possible, and subverted a presumably deeper understanding of right and wrong. They have thus earned the distinction of being held to the highest standard possible. Their sentences should be at the maximum level, not the minimum, and the facilities in which they are incarcerated should be the worst, not the best, if there is any difference to be found. We must not reward "white collar" crime with preferential treatment.

That might also have the beneficial effect of eliminating inexcusable inequalities in the prison system.
 
 
+14 # Walter J Smith 2013-03-08 19:49
I'm not so sure about the preference because of education; they are all pretty stupid and too much so to have gotten much of any education.

Follow the money.
 
 
+15 # soularddave 2013-03-09 01:16
If I got caught with drug money, what would happen?

They, the government, would take it from me and put me in jail for a while.

Seems simple and straightforward . Does "law enforcement" not understand the S.O.P.? Seize the money, prove in court that its drug money, and jail the holder or director of those funds. Are there not financial records of all transactions over $10,000?
 
 
+5 # flippancy 2013-03-09 16:36
Quoting billiemcgregor:
I agree in theory. However, white collar criminals are typically given preferential treatment because of their "status" and level of education. I believe that is wrong. Criminal behavior is criminal behavior and they should not be exempt from facing the consequences of prison life anymore than any other prisoner.


In fact, in my opinion, those who commit financial crimes harm far more people than your common criminal and should only qualify for supermax prisons.
 
 
+156 # letpeacereign 2013-03-08 11:50
Preach it! Eliz. Warren ia absolutely correct.
 
 
+55 # Futilitarian 2013-03-08 11:52
Why would you want to put "job creators" in jail? ;-)
 
 
+37 # Scotty44 2013-03-08 14:01
Yah, they created a lot of jobs when the financial industry crashed.
 
 
+69 # James38 2013-03-08 14:14
I am very fond of the observation that if rich people are the job creators, then after the recent extravaganzas of tax breaks and loophole ignoring, with the rich getting richer by the minute, the US should be awash with jobs.

What a surprise to find that not the case. How do Norquist and the Norquislings in the Senate and House explain this little dichotomy?
 
 
+48 # Felix Julian 2013-03-08 15:04
Simple answer: they don't. Whenever one of "these types" is challenged with irrefuteable evidence they clam up. Or better still, change the subject.

We all know the type.
 
 
+32 # Regina 2013-03-08 17:51
They get their wealth from activities other than employment -- investments, off-shoring, finagling money FROM the treasury instead of taxes TO the treasury. They create wealth for themselves, not jobs for people.
 
 
+8 # Firefox11 2013-03-09 12:20
Or continue stating their point of view no matter what the challenge to their sanity, sobriety, facts.
 
 
+5 # flippancy 2013-03-09 16:38
orquislings? May I steal that sobriquet? It's the best description I've yet seen for the banksters and "job creators."
 
 
+4 # James38 2013-03-09 18:35
@flippancy - Norquislings - yes, appropriate, isn't it?

By all means, steal it, use it well and enjoy. It was sort of grim fun coming up with it.
 
 
+2 # BeaDeeBunker 2013-03-10 23:53
We need more 'job creators' in jail so they can make those special license plates they are so familiar with...the so called 'vanity' license plates. Only a former vanity plate owner knows and understands the subtle characteristics of a well designed and well made license plate, and they'll work for pennies...liter ally!
 
 
+84 # AKPatriot 2013-03-08 11:56
Holder and Obama need to be Impeached if they do not prosecute these criminals. And I voted for the President both times. Thank You
 
 
+74 # James38 2013-03-08 14:36
May I add that the War Criminals of the Bush administration (Shrub himself, Cheney, Wolfowitz, Rice, etc.) equally need prosecution? More than equally, perhaps, because the reputation of the US globally probably suffers more from our willingness to leave these monsters unpunished than from our obscene ignoring of the power of the greedy rich over our government institutions and presumed principles. (Or is our continued silence on these issues simply proof that we have no principles but profit and corrupt power?)

The "War of Lies" in Iraq is the worst failure of US policy in history, IF it can be said to outdistance Viet Nam as a total tragedy. At least it is recent enough so that the perpetrators can be punished - if we don't dawdle and dither too many years more.

In order to avoid future repetitions of this sort of monstrous abuse of US power, we need to finally come clean as a country. We can no longer meaningfully punish those who gifted us and the world with the Viet Nam War, but since we obviously did not learn our lesson as a country, we should not squander the opportunity to punish GW Bush and his sycophants. Have we no shame? Can we actually go on ignoring the fact that every death of a US soldier and Iraqi civilian in Iraq was an unjustified murder - a war crime - perpetrated by the smug monster Bush and his cronies? It is time for the far right to wake up to the crimes they have enabled by their purblind following of moribund ideology.
 
 
+36 # Regina 2013-03-08 17:57
Let's not forget that the Bush-Cheney-et al wars were on the "credit card" and not on the available treasury. We were left with the debit and interest costs as well as the deaths and injuries. For a hoax ("the mushroom cloud")!!! Guess who's paying for it now, and into the foreseeable future.
 
 
+15 # James38 2013-03-08 19:36
Good comments, Regina!
 
 
+4 # flippancy 2013-03-09 16:42
Also, take note that every cent Bush spent after the first few weeks was in "emergency appropriations, and hence, not a budget item. The right likes to castigate Obama for spending, and a large part of that spending comes from putting the wars ON BUDGET!
 
 
+3 # Firefox11 2013-03-09 12:22
It is time for the far right to wake up to the crimes they have enabled by their purblind following of moribund ideology.

Agree with you but since when do criminals either admit their crimes willingly or make amends.
 
 
+6 # James38 2013-03-09 16:16
I think we must separate the criminals from the enablers. The followers of a Political Party are enablers. The leaders are the criminals when a crime is committed in the name of the Party.

In the case of the "War of Lies" in Iraq, Bush and his gang of equally guilty criminals lied in order to commit the US to the illegal war. That was the crime.

It is those leaders who should be punished. One of the reasons to punish them is to make it clear to the followers of the party that they were manipulated and duped into abetting the crime. They need to be shocked into awareness of how they were used, so they do not allow themselves to be manipulated again.

The leaders obviously are not willingly admitting their crimes. It is revoltingly disgusting to me to see G W Bush still walking around looking insufferably smug about his "success" as President. He was, and perhaps still is, convinced that totally cynical manipulation of power is the way to success. His attitude was that if he could repeat a lie often enough to get people to agree with it, he had accomplished his goal, and his goals were always to gain more power and wealth - he never gave a damn for any other values, nor did he care how many died or suffered under the wheels of his steamroller.

Oh yes, Shrub was a success - he, G W Bush, was very possibly the worst US President ever - and he had some stiff competition, including the other President/War Criminal Richard M Nixon.
 
 
+3 # engelbach 2013-03-09 18:32
Bush started the wars, Obama continued them.

And both Houses of Congress have been the enablers.

Labor Party 2016.
 
 
+26 # Felix Julian 2013-03-08 15:08
Quoting AKPatriot:
Holder and Obama need to be Impeached if they do not prosecute these criminals. And I voted for the President both times. Thank You

I have to say that if Richard M. Nixon managed to avoid impeachment and George W. Bush too(given their many crimes) I believe those who constantly suggest impeachment as a solution to our woes are living in a dream world.
 
 
-4 # Cassandra2012 2013-03-08 17:52
So we can end up with whom? Romoney? Reid?
 
 
+5 # Walter J Smith 2013-03-08 19:52
How about Jill Stein?
 
 
+1 # flippancy 2013-03-09 16:44
Quoting Cassandra2012:
So we can end up with whom? Romoney? Reid?


#

Office

Current officer



1

Vice President of the United States

Joe Biden (D)



2

Speaker of the House

John Boehner (R)



3

President pro tempore of the Senate

Patrick Leahy (D)



4

Secretary of State

John Kerry (D)



5

Secretary of the Treasury

Jacob Lew (D)



6

Secretary of Defense

Chuck Hagel (R)



7

Attorney General

Eric Holder (D)



8

Secretary of the Interior

Ken Salazar (D)



9

Secretary of Agriculture

Tom Vilsack (D)



--

Acting Secretary of Commerce

Rebecca Blank (D)[3]



--

Acting Secretary of Labor

Seth Harris (D)[3]



10

Secretary of Health and Human Services

Kathleen Sebelius (D)



11

Secretary of Housing and Urban Development

Shaun Donovan (D)



12

Secretary of Transportation

Ray LaHood (R)



13

Secretary of Energy

Steven Chu (D)



14

Secretary of Education

Arne Duncan (D)



15

Secretary of Veterans Affairs

Eric Shinseki (I)



16

Secretary of Homeland Security

Janet Napolitano (D)
 
 
+8 # flippancy 2013-03-09 16:40
Obama is doing what he has to do to keep the Democratic party going, but Holder should be removed and nobody who comes from Wall Street as he did should ever hold any office.
 
 
+8 # zornorff 2013-03-09 19:44
I too voted for him twice. I feel he was clearly the more acceptable of two evils and have no illusions that he is progressive or even centrist. He is a corporate tool and will keep on allowing corporations to rule everything. My main reason for supporting him is the issue of the Supreme Court. Mittiot would kiss the right wing's ass and when the time came would look for Borks and Scalias. At least Obama has more sense than that.
 
 
+155 # tbcrawford 2013-03-08 11:56
The Justice Department is a complete failure when it comes to "justice" Pick your topic and the truth of this comment becomes evident. Bless you Sen. Warren for speaking the truth!
 
 
+43 # cokacoa2 2013-03-08 13:34
One "theory" is that the DOJ doesn't have the legal staff to take on the army of lawyers the banksters have at their finger tips. If this is the reason banksters don't get jail time, one solution might be to make the banksters' lawyers accessories to the crime if they use stalling techinques to prevent their clients from being tried for the crimes they committed.
 
 
+7 # Walter J Smith 2013-03-08 19:53
The Justice Department obviously doesn't have the legal intelligence to take on the dumbest criminals in the world.

Go figure.
 
 
+3 # flippancy 2013-03-09 16:46
Quoting Walter J Smith:
The Justice Department obviously doesn't have the legal intelligence to take on the dumbest criminals in the world.

Go figure.


Why are you surprised? Lawyers go where the money is and it isn't in the DOJ.
 
 
+3 # flippancy 2013-03-09 16:45
Or do like they do with drug dealers, freeze all their assets so they can't hire lawyers and have to deppend on public defenders.
 
 
+152 # BobbyLip 2013-03-08 11:58
My senator! Long may she afflict the obfuscators. And maybe, just maybe, she can get a few more senators to ask tough questions, too. Why should the Repugnicans be the only ones? A little "craziness" on the progressive side of the aisle wouldn't be a bad thing. Let the progressives be feared for a change.
 
 
+147 # coach777b 2013-03-08 12:00
BravoSen. Warren! NOBODY should be immune to criminal penalties.
 
 
+91 # Mouna 2013-03-08 12:01
Yes, Elizabeth, it is WRONG!
 
 
+107 # NanFan 2013-03-08 12:05
It seems common sense and right or wrong just fly over the top of these regulators, who most likely DO feel that paying the fine is enough!

Go, Senator Warren! Lean as hard as you can on whomever you must to get this justice done. They ALL should be in jail for a long, long time.

N.
 
 
+146 # dkonstruction 2013-03-08 12:07
Good for Ms. Warren. I think she should expand this to include calling for banning for life those involved in these scams from the industry as a whole. For example, as a result of the bursting of the dot.com bubble analysts such as Henry Blodget (who after pumping internet stocks publicly which in private emails he was saying very different things about) was banned for life from the securities biz. I saw recently that one of Countrywide's main people has now set up shop in another large mortgage broker firm. This too must stop.
 
 
+42 # Lgfoot 2013-03-08 14:51
The death penalty for the corporation, i.e.. barred from business in U.S. forever, would seem appropriate to deter these sorts of shenanigans.
 
 
+16 # Nominae 2013-03-08 17:30
Quoting Lgfoot:
The death penalty for the corporation, i.e.. barred from business in U.S. forever, would seem appropriate to deter these sorts of shenanigans.


All that would really need to be done would be to decommission their Corporate Charters. The U.S. Govt ALLOWS them to function under U.S. Articles of Incorporation.

The fact that the Corporations have the Govt. in their back pocket, of course, makes this idea little more than a fantasy, but, hey ! We can *dream* ! :)
 
 
+2 # Firefox11 2013-03-09 12:24
They would probably just change their name and reincorporate. What is the new name for Blackwater?
 
 
+1 # Nominae 2013-03-09 21:49
Quoting Firefox11:
They would probably just change their name and reincorporate. What is the new name for Blackwater?


Oh, of course they would. Good point.

And Blackwater ? Who can keep track ? They became "XE", now they are something else, unless they have by now also changed that. I could google it, but I could *never* know that it was current ! {:-)
 
 
+22 # Felix Julian 2013-03-08 15:10
Quoting dkonstruction:
Good for Ms. Warren. I think she should expand this to include calling for banning for life those involved in these scams from the industry as a whole. For example, as a result of the bursting of the dot.com bubble analysts such as Henry Blodget (who after pumping internet stocks publicly which in private emails he was saying very different things about) was banned for life from the securities biz. I saw recently that one of Countrywide's main people has now set up shop in another large mortgage broker firm. This too must stop.

Not to be too much of a nitpicker because I love your comment- but she is SENATOR Warren. It is, after all, the International Day of the Woman! :)
 
 
+1 # Nominae 2013-03-08 17:37
Quoting Felix Julian:
Quoting dkonstruction:
Good for Ms. Warren. I think she should expand this to include calling for banning for life those involved in these scams from the industry as a whole. For example, as a result of the bursting of the dot.com bubble analysts such as Henry Blodget (who after pumping internet stocks publicly which in private emails he was saying very different things about) was banned for life from the securities biz. I saw recently that one of Countrywide's main people has now set up shop in another large mortgage broker firm. This too must stop.

Not to be too much of a nitpicker because I love your comment- but she is SENATOR Warren. It is, after all, the International Day of the Woman! :)


Titles such as "Senator" are used when the person is being FORMALLY addressed. They are optional when the individual is merely being referenced in print, especially informal print such as a blog comment stream.

So, yeah .... kennel the Dobermans of the P.C. Thought Police, and continue to enjoy dkonstruction's comments.
 
 
+3 # zornorff 2013-03-09 20:59
Herr Blodget has indeed found religion! He now is a talking head on Yahoo finance oozing with outrage over any malfeasance and duplicity and has what appears to be, total outrage over some of the banksters shady activities.
 
 
+116 # WestWinds 2013-03-08 12:08
Elizabeth Warren is correct and the fact that David S. Cohen and Jerome H. Powell are looking the other way when it comes to the partnerships between big business, big money and government officials only underscores how rotten and corrupt our government has become. It's time to get rid of people like Cohen and Powell and take on more sane, sensible and honest people like Elizabeth Warren.
 
 
+88 # fredboy 2013-03-08 12:14
Banks can steal, launder, and otherwise abuse money all they wish under the current and past two administrations . Their AGs are terrified of bankers.

Wouldn't it be hell to go through life terrified of bankers?
 
 
+20 # MichaelArchAngel 2013-03-08 14:55
This is a result of the accretion of long term power aggregation. I know, I used to sue financial institutions. Eventually they got themselves exempted of them all by using their institution clout with our Congress & state legislatures.
 
 
+9 # Nominae 2013-03-08 17:39
Quoting fredboy:


Wouldn't it be hell to go through life terrified of bankers?


This country is about to find out.
 
 
+9 # Walter J Smith 2013-03-08 20:00
We hope. Let's not underestimate Harry Reid's and Ron Holder's and Barack Obama's gross malfeasance & Schumer's and McConnell's & McCain's and Cornyn's - the 85-86 senators who lack the courage to do anything worth doing.

But make careers of skating past the challenges.

Fortunately Senator Warren is showing the world what is possible, and what all those morally & ethically comatose senators are not doing.
 
 
+163 # PABLO DIABLO 2013-03-08 12:18
Elizabeth Warren for President 2016.
 
 
+68 # Working Class 2013-03-08 12:31
Quoting PABLO DIABLO:
Elizabeth Warren for President 2016.


That would really shake the elites up! I am all for a draft Elizabeth movement. She speaks truth to power.
 
 
-3 # Walter J Smith 2013-03-08 20:02
Yeah, and help the GOP nominate Rand Paul.

Then we can have a fresh campaign instead of yet another two years of rhetorical bags full of dog doo.
 
 
+3 # flippancy 2013-03-09 16:51
Quoting Walter J Smith:
Yeah, and help the GOP nominate Rand Paul.

Then we can have a fresh campaign instead of yet another two years of rhetorical bags full of dog doo.


I'd love to see that, one of the smartest senators up against a barely functioning moron. Rand Paul, an eye doctor so incompetent he had to start his own accrediting organization because he was such a crappy doctor that he couldn't get accepted by any legitimate organization
 
 
+27 # dkonstruction 2013-03-08 15:25
Quoting PABLO DIABLO:
Elizabeth Warren for President 2016.


Progressives need to start learning the fundamental lesson about what brings about meaningful and substantive progressive change in this country. This kind of change has never, never, never come about because we elected the "right people" but rather because there has been a mass movement strong enough to create fear in the hearts and minds of the elite that unless the implement such reforms they risk losing a whole lot more. Whether you want to look at the abolition of slavery, women's suffrage, the progressive era, the new deal, the civil rights movement etc., its' always been about mass organizing and building a movement that changes the overall power dynamic.

In the absence of a mass movement, i don't care if it's Elizabeth Warren or Bernie Sanders or the Zapatisata's Subcommandate Marcos in the White House; that President will not be able to do anything even if he or she wants to.

We have to stop focusing on who we elect (not that elections or who we elect doesn't matter at all because it does) and start focusing on creating the type of mass movement that has sufficient political clout to force the elites to do what they don't want to do and will never do unless and until they feel sufficient heat.

So, while Warren might make a great President, in the end change is not brought about by leaders from the top down but rather due to our collective power from the bottom up.
 
 
+3 # Cassandra2012 2013-03-08 17:55
And beyond generalities, how do you suggest we actually proceed?
 
 
+1 # James38 2013-03-09 18:48
@Cassandra, here is the way to proceed. I quote myself from an earlier answer to a similar question/comment:

DRPjj, (RE major change in US policy)

When you say "it'll not happen because there are too few Senator Warrens around to lead the charge", what you are really saying needs to be followed by the word "YET!"

Elizabeth Warren just got there, and it took a mighty fight to overcome the stodgy opposition - but now they look even worse than they did during the campaign.

We need to seek equally honest and determined candidates and get them to run in EVERY House and Senate district.

I think the response would be more positive than many might think, because there are a lot of people who are starting to realize that the right wing agendas of selfishness and profit-before-h onor etc are wrong. They are getting unhappy being part of the party that is destroying the Nation.

Let's get busy, and find the candidates, or BE the candidates, and get this Nation back on track - or Really on Track for the first time ever.
 
 
+72 # Beenie 2013-03-08 12:24
Go get 'em, Elizabeth!!! Massachusetts made a good decision electing you and firing Scott Brown!!!!!
 
 
+1 # zornorff 2013-03-09 20:06
Agreed. Scott Brown's loss to Liz Warren may be his gain, however...he is running for governor, and Mass has a history of electing repugnican governors. At least our legislature leads them around by the nose so they can't do any damage. We will miss Deval Patrick.
 
 
+4 # James38 2013-03-10 01:30
@zornoff - UGH, who is running against Brown? Any chance we can generate some useful support for that person? Brown is an utterly conscienceless zombie Norquisling, and needs to be swatted down again if at all possible. We need to feed this variety of sub-human a steady diet of failure. It will help them dwindle away and vanish.
 
 
+63 # Kimberly999 2013-03-08 12:24
Haven't other people been jailed for "offering material support for terrorism"? Surely, helping terrorists launder money would fall within that statute. It is clear that our completely corrupt & owned by Wall Street or they would be as outraged as the rest of us. Ms. Warren may be one of the few ethical Senators still in Washington.
 
 
+24 # Merschrod 2013-03-08 13:39
Kim I like the material support charge
 
 
+11 # chomper2 2013-03-08 17:02
Yes indeed! And send them to Guantanamo with the rest of the terrorists. Maybe even extraordinary rendition to who knows where.
 
 
+13 # James38 2013-03-08 18:29
Kim, fortunately Elizabeth Warren isn't just "still" in Washington, she is NOW in Washington, and very recently got there.

We need to duplicate the same determined effort that she and her supporters made to get her elected.

We need to nominate and elect more and more equally principled, honest, and robustly activist persons to both Houses of Congress.

Those potential candidates need to come forth and be encouraged in every House and Senate district in the Nation.

This is the practical way we can change our Nation into what we want, and what it should be.
 
 
+1 # Walter J Smith 2013-03-08 20:05
Our overwhelming bipartisan geniuses agree that terizm is a king kong sized boogy monster, and they have to spend trillions annually to make sure by sending drones to kill children and old people and women in three continents, and if we disagree, we, too, must be terizts.
 
 
-1 # ghostperson 2013-03-09 22:44
Kimberly999: Good thought.
 
 
+47 # davidschandler 2013-03-08 12:24
How could putting criminals in jail hurt the economy? No way!
 
 
+23 # James38 2013-03-08 14:43
And if you really want to help the economy you could dump the Drug War and let all those prisoners out of the Gulag.

Get the Private Prison Industry behind jailing the War Criminals and the Bankers.

Oops, are they one and the same? Then set them against each other and let them rip each other up. Should be quite the spectacle.
 
 
+1 # ghostperson 2013-03-09 23:08
Righto. First time, small potato offenders with mandatory, harsh sentences and global defrauders remaining uninconvenience d by so much as investigation, forget prosecution.
 
 
0 # ghostperson 2013-03-09 23:05
For an unbelievably vapid view of why the plutocrats believe they should be exempt from accountability, read Liberty and Justice for Some. It is "a virtual consensus among the elites that their members are so indispensable to the running of american society that vesting them with immunity from prosecution--ev en from the most egregious crimes--is not only in their interest but in our interest, too."

Far and wide the big wigs and their handmaidens in government say: "It is simply too disruptive, distracting, and unjust [we are told], to subject [the hoi polloi] to the burden of legal consequences."

It doesn't distract me. I want them pilloried publicly.

Is there any bull shit more audacious than these pearls of twaddle by master criminals?

The book says that there is no more shame. It has become perfectly acceptable to advocate openly "elite immunity." Such advocacy has had its intended effect, the U.S. has become "a nation that does not apply the rule of law to its elite class."

The founding fathers were very much aware of this problem. Alexander Hamilton wrote in Federalist Paper No. 15: "If the threat of real punishment for criminality is removed...there will be little incentive to abide by the law and much incentive to break it."

The founders saw the Constitution not as imposing limitations on ordinary citizens but on government and those who run it which presumably includes its owners.
 
 
+38 # Wolfchen 2013-03-08 12:39
Republicans are not hard on crime...they just come down hard on the two-bit criminals who don't ply these crooked politicians with cash and other economic benefits upon leaving office. Look at Obama's appointments... he's also in on the fix.

If we want meaningful reform, we must have public financing of elections backed by a supporting constitutional amendment. We also must insist on prison time for all financial crimes, with aggressive prosecution by attorney generals at the state and federal levels. Further, all politicians must do hard prison time, and not be sent to country club type of confinement.

The electorate has the power to bring this about, if it ceases to be vapid, inane gargoyles.
 
 
+7 # Felix Julian 2013-03-08 15:13
["Vapid, inane, gargoyles"!! Shades of another real American hero- Hunter S. Thompson!
 
 
+27 # cafetomo 2013-03-08 12:51
A favorite fantasy of corporate culture would have itself appear that there is not someone somewhere who actually knows or remembers what they did. Giving a corporation the fiction of personhood is enabling some to invisibly roll the dice using a non-existent entity to get caught with their hand in the cookie jar. As shareholders pay up, others learn a little more about how not to get caught the next time. Not unlike dealers trying to figure the route that gets their product into the states. They may lose a few, but with no downside and vast rewards, what's to harm?
 
 
+47 # aj616 2013-03-08 12:59
I hope she continues to lean hard on HSBC and make the top exec's pay, with jail time real jail time, like years worth. The corporation should pay more then 1.92 billion, how about the amount they laundered, to start?
 
 
+27 # James38 2013-03-08 14:51
The fine, along with jail time for the ones responsible, should be double the amount they laundered, plus DOUBLE the amount they earned by doing it. They need to feel the pain.

It is not just financial harm and moral damage they do, much of that money goes to fund terrorism and other destructive criminal endeavors.
 
 
+10 # Felix Julian 2013-03-08 15:14
I wonder if they'll draw straws to see which flunky would actually serve the time?
 
 
+4 # flippancy 2013-03-09 16:54
Quoting Felix Julian:
I wonder if they'll draw straws to see which flunky would actually serve the time?


How about jailing the entire board and every corporate executive for a minimum of 20 years?
 
 
+14 # dick 2013-03-08 13:01
Where is the Press Conference in front of a federal lockup with Liz & other Senators, Reps? You get 1 point out of a thousand for asking a question when YOU KNOW no one is listening? Subpoena Holder & question him in HIGHLY PUBLICIZED hearings. Actually, you get NO points for asking a question when YOU KNOW no one is listening so you can include it in your fundraising letters? Where is the challenge on the CAPITAL STEPS? The talking filibuster? Something. Anything. ACTION.
If Rand Paul had the guts, where is Liz, other Dems? Hiding in Senate chambers? GET ALL OVER TV & DO YOUR JOB. NOW.
 
 
+57 # CL38 2013-03-08 13:03
I'm proud to have voted for Senator Warren in Massachusetts. She isn't afraid to take on the big banks. She is a force for justice.

We're with you 100%, Elizabeth.
 
 
+54 # vitobonespur 2013-03-08 13:04
I really LIKE that lady!
 
 
+51 # Vardoz 2013-03-08 13:09
Thank you Senator Warren- this is why we voted for you and donated- you have more principles, ethics and balls then all the others put together-
 
 
+53 # roger paul 2013-03-08 13:11
Ya gotta love this great woman! No wonder the Republicans and Wall Street were afraid of her.
 
 
+33 # WallStWallFlowerGirl 2013-03-08 13:20
Well now... If people go to jail for committing crimes (citizen average, that is) and if the Supreme Court ruled in favor of corporations to be "people," then these "people" are beholden to all the laws applied to human beings, no??

By the way Futilitarian, your comment was priceless and I meant to give you a "Thumbs Up" but I hit the wrong button! Doh! Many Thumbs Up :))
 
 
+52 # ruttaro 2013-03-08 13:24
Let's not forget that HSBC laundered money for terrorist affiliated organizations. The big banks launder $500 plus billion a year in drug money. If any of us laundered $500 for a terrorist supporting organization we would be visiting Cuba staying for ever at Hotel Gitmo. Jeese Jackso said it back in 1984 while running for president: "If you want to stop the drug trade in America, go after the banks." Thank you to the people of Massachusettes for finally sending a Senator who represents the people. We are all represented by her.
 
 
-2 # Walter J Smith 2013-03-08 20:07
Yeah, but it's apparently okay to launder drug money for terrorists if you also buy off the Dept of Justice & the Prez.

They all got to have priorities, ya know?
 
 
+47 # jbell94521 2013-03-08 13:30
I don't know about you, but I have had more than enough of the rampant and widespread impunity that the planet's largest crimminals enjoy, almost by default. How about we start a serious and dedicated movement to impeach any and all politicians and officials who do not explicity back Elizabeth Warren's play on this! Warren is a brave person, acting with real integrity, which is rare these days in this arena. But unless we do something substantive to back her, there is no way her efforts can succeed. If we got serious about going after those who abuse their office and provide this treasonous umbrella of immunity to the world's largest crimminals, it could change the face of politics and our social structure and have highly beneficial and far-reaching consequences. Who is in this? Decalre. Let's do it. What have we got to lose! Maybe RSN can becoome the focoal point of this movement. Please add your practical ideas here. If we do nothing, nothing will change, except perhaps that the crimes will become even more outrageous.
 
 
+3 # Firefox11 2013-03-09 13:14
“Never depend upon institutions or government to solve any problem. All social movements are founded by, guided by, motivated and seen through by the passion of individuals. ”
― Margaret Mead
 
 
+33 # USA2012??? 2013-03-08 13:32
I don't know if we're paying attention to the direction of the country, but the seemingly hands off position towards the country's financial industry is a clear sign that we're done. it's just a matter of time before we implode in on ourselves: you simply cannot continue to manipulate the ends form the middle without an eventual collapse.
 
 
+7 # Unicorn144 2013-03-08 14:00
King James Version of 1 Thessalonians 5:3.

So it's like this:

"....For when they shall say, Peace and safety; then sudden destruction cometh upon them, as travail upon a woman with child; and they shall not escape...."

Guess they know which woman is in travail...givin g birth to "Justice"; as our next President: obviously
 
 
+3 # Felix Julian 2013-03-08 15:19
Weird, but okay! :)
 
 
+22 # SusannaDana 2013-03-08 14:09
It wouldn't take very high level criminal prosecutions of corporate big-wigs to shut down the banksters' organized crime syndicate, do you think?

40% of the average person's asset value down the old porcelain commode....

Moynihan, Dimon in cuffs doing the perp walk like a captured drug lord...

That should straighten them all out. Mr Holder: What do you think?
 
 
+24 # Urbancurmudgeon 2013-03-08 14:15
billiemcgregor says that high end criminals should be held equally responsible by the law. That's not true. because of their education and stature they should be held twice as responsible With all the breaks these sllmey thieves have gotten in lie, with all the perks they enjoy, they still steal. They are disgusting and should all do hard time.
 
 
+22 # Sharpone 2013-03-08 14:23
How big does a bank have to be before people don't go to jail?
 
 
+26 # BMoldow 2013-03-08 14:24
All you people who praise Senator Warren need to ask yourself," did I write my representatives and ask them to support Senator Warren's position and take action to rectify this situation.

Let's stop this privileged class once an for all.
 
 
+31 # angelfish 2013-03-08 14:30
Maybe Elizabeth would serve us better as Attorney General! Holder seems totally USELESS in the position! She has only JUST become a Senator and already she's DOING the Job! God Bless you Elizabeth. I KNEW we would see some action once you were in Congress!
 
 
+27 # walt 2013-03-08 14:34
Elizabeth Warren is spot-on yet again.

Now let's see if those in charge have the spine to take action. Eric Holder has already said it's "no-can-do" for him as Attorney General. Don't hold your breath since these banksters are the same folks who own the government and elected representatives.

Let's just wait and see if any action is taken to prosecute crooked banksters. Meanwhile, the same crooks are foreclosing on families around the country. Amazing what money and power can get you!
 
 
+32 # tuandon 2013-03-08 14:47
Go get 'em, Sen. Warren! Nothing will change until a few of these elitist rats spend 10-20 in gen-pop at some wonderful place like the federal prison in Littleton, Colorado, or even Leavenworth. But the best would be to throw them into some state-run hellhole in Texas.
 
 
+18 # Wolfchen 2013-03-08 14:50
Jury Nullification

Very well put...and remember that it was Clinton who signed off on the repeal of Glass-Steagall, thereby authorizing the growth of mega-banks and the explosion of corruption. Our political system is rotten from the core. It will not change until we unify and stop electing these crooks infesting both political parties.

You want to be heard around the world and generate some corrective action? Well then, take the following pledge:
Until our state and federal governments vigorously prosecute all financial crimes committed by financial institutions, and send the criminals to hard-time prisons...

I pledge that I will participate in jury nullification in all trials involving misdemeanors and felonies for the theft of property owned by banks and other financial institutions.

If Grover Norquist can demand oaths for voting against tax increases for the upper class, then we can demand oaths for voting against conviction of those who steal their ill-gotten profits.
 
 
+7 # mdhome 2013-03-08 17:41
Grover should be up in front of a firing squad for his damage to the country. If he is not a traitor, Osama Bin Ladin is the second coming of Christ.

I think Clinton got completely bamboozled by the Banks, in any event to allow the banks to continue to hold the world economy hostage is the shame of congress and they should fix it NOW.
 
 
0 # Firefox11 2013-03-09 13:18
I think Clinton got bamboozled by House Speaker Newt Gingrich and the Republican Congress in 1996.
 
 
+7 # James38 2013-03-08 19:02
Wolfchen, Clinton has recently recanted his support for the DOMA - Defense of Marriage Act (see Doma - News Results - Why Bill Clinton is apologizing for signing DOMA The Week via Yahoo! News - Mar 07 11:13pm)

Now maybe we can hope he will recant two other decisions he made.

One is the repeal of Glass-Steagall.

The other was the shutdown of the Thorium Nuclear Reactor experiment and development project.

In the immediate future we need to quit burning Fossil Carbon - Coal, oil, and natural gas - because we are already in severe danger of disastrous climate change.

One of the important ways to replace Coal and other fossil fuels as a source of base-load electric power is with the LIFTR (Liquid Fluoride Thorium Reactor), the only truly fail-safe reactor. This type of reactor needs no huge containment structure since it operates at atmospheric pressure, and there is no danger of a massive release of radiation. It also can use our present stockpiles of Nuclear "Waste" (which is actually just contaminated fuel from which less than 2% of the available energy has been used). This will solve the storage problem and give us energy for many years.

We need Clinton to continue to correct these mistakes. I am very glad he decided to reject DOMA. He is obviously still extremely influential. We need to encourage him to change the record on these other subjects as well. They are equally important.
 
 
+2 # Firefox11 2013-03-09 13:25
Two great ideas. What is the best way to reach Mr. Clinton?
 
 
0 # James38 2013-03-09 16:33
Firefox11:

Seriously, write him a letter. A real snail-mail letter. They stand out in the current floods of email like a boulder in a stream.

Best Wishes,

James
 
 
+3 # JSRaleigh 2013-03-08 14:59
Plus you get to keep all the profits.
 
 
+12 # Sam Seaman 2013-03-08 15:37
It's a natural characteristic of any country in the world to come down heavier on organizations that are perceived to be foreign than those that are perceived to be national. HSBC caught laundering drug money?

Remember Goldman Sachs? -they just stole yours.

Remember BP -thought of as British too? As a global company, BP has most of it's offices, plant & equipment and workforce in the USA -America just fining itself.

Remember the Exxon spill?
 
 
+13 # lourdmar 2013-03-08 16:25
You've just gotta love her! Doesn't miss a beat...
BRAVA!
 
 
-14 # Vern Radul 2013-03-08 17:05
Don't forget to support AIPAC and bomb the crap out of Iran too. - E. Warren
 
 
-7 # Vern Radul 2013-03-08 21:53
http://tinyurl.com/warren-support-aipac-bomb-iran
 
 
+20 # Pancho 2013-03-08 17:12
So who caused the most harm?

The Wall Street banksters and HBSC who laundered and/or stole billions?

Or, Aaron Swarts, who never tried to make a penny from the documents he circulated for free?

Why do they call it the "Department of 'Justice'?"
 
 
+12 # James38 2013-03-08 18:46
In case you don't know the story, go to http://en.wikipedia.org/wiki/Aaron_Swartz

Swartz hanged himself at the age of 27 after being arrested on charges of the "crime" of downloading academic journal articles from JSTOR. He was threatened with a huge fine and a maximum of 35 years in prison.

He was obviously targeted because of his political activism. I am sad that he decided not to fight the charges, and it is a tragic loss to all of us.

It seems very possible he could have beaten most of the charges and received a much reduced sentence, while using the whole mess to publicize the problems he was dedicated to solving. We will unfortunately never know.
 
 
+3 # Firefox11 2013-03-09 13:31
The System likes to isolate and demonize its detractors, rather than be forced to change. Of course, it would have been far better if Aaron Swartz had fought the charges; he could have been a focal point of a progressive movement for change. The Federal Government learned a long time ago to just take out the leaders of any group that gets in its way.
 
 
+1 # Nominae 2013-03-09 21:59
Quoting James38:
In case you don't know the story, go to http://en.wikipedia.org/wiki/Aaron_Swartz

Swartz hanged himself at the age of 27 after being arrested on charges of the "crime" of downloading academic journal articles from JSTOR. He was threatened with a huge fine and a maximum of 35 years in prison.

He was obviously targeted because of his political activism. I am sad that he decided not to fight the charges, and it is a tragic loss to all of us. ..........


We likewise don't know what kind of "Black Ops" pressure he may have been facing, including the possibility of threats to his friends and family. This new Surveillance Society does NOT mess around with "legal", "ethical", "moral", or "humane"

As you say ...... sadly, we will never know.
 
 
+1 # Firefox11 2013-03-09 13:27
Another euphemism, like Star Wars Missile System, Iraqi Freedom, Patriot Act.
 
 
+6 # PeterSee 2013-03-08 17:27
I, too, think it's fundamentally wrong. That should be obvious. It's the systemic corruption that's infuriating.
 
 
+6 # wherefore 2013-03-08 17:30
The remainder of AG Holder's comment was that Congress needs to take a look at this situation. In other words, he would love to prosecute these people, but with a majority of Congress ready to oppose anything that the administration does, how far will a prosecution go? If Congress, and by extension the American people will commit to backing this type of action, they had better say so loudly and clearly. Otherwise there is so much wiggle room that a prosecution will fail. Congress is the entity that needs to break up the banks and pass much more stringent laws regulating them.
 
 
+6 # CL38 2013-03-08 20:31
Yet one more Republican obstruction protection for the rich.
 
 
+6 # mdhome 2013-03-08 17:35
Are we going to give a pass to serial killers because they kill so many, they should not be prosecuted?! By the Holder way of thinking, I expect so. I wonder if any of these people (other than Warren and Sanders) have any idea of the harm they have done to real people, people who now have no retirement, no house, no job, no family, no way to get their feet back under them, I wonder whose picture will be placed in the new dictionary under despicable.
 
 
+3 # The Voice of Reason 2013-03-08 20:30
'serial killers' ? you mean the military? everyone's military?
 
 
+2 # Firefox11 2013-03-09 13:34
For many in power, "real people" are just numbers on a page; sort of like in a war, those killed are numbers, body count.
 
 
+1 # James38 2013-03-09 16:40
@mdhome - the name Bashir Assad comes to mind, along with George W Bush, Dick Cheney, Paul Wolfowitz, Condoleezza Rice, and a long list of similar "leaders", right on to the Banksters you reference.
 
 
+17 # AUCHMANNOCH 2013-03-08 19:17
HSBC began in Hong Kong to help finance British merchants in the opium trade.The British imported opium from India and sold it in china so they could buy tea to sell back in England. Started in the 1820's and so HSBC hasn't changed its business model in 200 years!
 
 
+5 # Nominae 2013-03-08 22:27
Quoting AUCHMANNOCH:
HSBC began in Hong Kong to help finance British merchants in the opium trade.The British imported opium from India and sold it in china so they could buy tea to sell back in England. Started in the 1820's and so HSBC hasn't changed its business model in 200 years!


What a PERFECTLY timely factoid ! Thanks. That was great !
 
 
+4 # pianosaurus rex 2013-03-08 19:26
It will not take very much with these financial cowards to tip the entire lot over…. I am at a loss to explain how this Holder guy beat out ten million other sperm….

Put one banker in jail, only one.

That person will be an overnight sensation with the ball- fiddling sphincter- stretching crowd and the rest of the bankers will fall all over themselves to cooperate.

Might be hyperbole but jail one of these monkeys and scare a thousand more.

This wall st crowd will eventually require another socialist style bailout from the rest of America. Coming soon as LNG futures are being pumped beyond belief; right into a worldwide glut. LNG values are about to tank if it hasn’t begun already.

This time Americans need to say no to a bailout. Iceland had it right; jail the bankers, throw off the yoke of the IMF or world bank and live with freedom.
 
 
0 # Firefox11 2013-03-09 13:36
"Freedom is just another word for nothing left to lose".
 
 
+2 # The Voice of Reason 2013-03-08 20:29
You go girl!

But just to be on the safe side, will somebody wake me up in the next decade when some rich bastard finally gets prosecuted.

They should be going after the Oil Criminals and the crooked politicians they own. Or do you think we should just keep paying more and more into this worthless fuel economy ?

More and more, just like I thought.
 
 
+11 # Kathymoi 2013-03-08 21:29
Warren said, "...you pay a fine and go home and sleep in your own bed" but I don't think the people involved are paying any fine. They not only are not going to jail; I think, unless I'm wrong about this, "the bank" pays the fine, about 1/800 of the money laundered. The fine is not coming out of the pockets of the people who made the decisions to launder drug money. Is it? They are not having to sell their several homes to pay off this fine of 1 billion dollars. It comes out of "the bank." And then the Federal Reserve loans "the bank" the equvalent amount, and no harm is felt by anyone involved. The people who made the decisions need to pay the fine from their private resources and they need to go to jail, just like the guy on the street who bought an ounce of cocaine has to pay out of his personal resources and has to go to jail himself. Definitely.
 
 
+2 # Firefox11 2013-03-09 13:37
In the 1980's the Savings and Loan debacle was paid for by the American people; so the 2008 Banking debacle is simply deja vu.
 
 
-1 # James38 2013-03-09 18:54
Debt you deja vu - Song title, lyric, special kind of deja vu.
 
 
+7 # Ronwalt 2013-03-08 22:04
Elizabeth Warren has always made sense. She and Bernie Sanders are about the only senators worth what we're paying them.
 
 
+5 # shawnsargent2000 2013-03-08 22:25
They Should have been in Jail Yesterday! We need Attorney General Eric Holder to Step down, and put someone in his place that will prosecute these obvious crimes!
 
 
+1 # The Juan Percent 2013-03-08 22:53
So Ms. Warren takes on Wall St. But she dares not take on the Israel Lobby.
The debate has already been settled for me for a long time, but I think most people who follow the situation closely are increasingly running out of excuses for not saying the obvious: there is no political force more powerful than the Israel Lobby. True, Wall St’s reach is wider and in some ways more harmful. But the Lobby’s power, when focused on foreign policy in the Middle East simply cannot be strayed or diluted. It is absolute.

It’s the same with the Koch brothers. They make great villains and I have no sympathy for them. But, really, do you think they are so powerful if they are constantly attacked in the media?

Wall St is powerful, but you can, after all, talk about it’s lobbyists. You can’t even mention the Israel Lobby in polite company. People with real power know that it’s best not to flaunt it. And the Israel Lobby knows it’s much more effective to ban all debate on the issue than allow it. Even if it is strong, by allowing debate means per definition of giving your enemies an advantage.

I congratulate Sen. Warren for speaking out against Wall St and giving the masses the illusion of there being a politician who is beyond reproach. She'll gladly raise a stink about the Financial robber barrons not being sent to prison, yet won't acknowledge the world's largest open air prison and aligns herself with war criminals.
 
 
+1 # Felix Julian 2013-03-09 08:16
You make a strong argument on the issue of AIPAC vis a vis Senator Warren. It is a priority issue for me and I agree with all you say. Thank you- you have just given me an idea. Given that MOST of CONgress is owned and occupied by the American Israel Public Affairs Comte., it has been virtually impossible to make any headway exposing this tax exempt, unregistered foreign lobby. Bernie Sanders, Dennis Kucinich and a handful of others (who are quickly marginalized) have had the nerve to bring up the some $3BILLION in taxpayer "defense grants" (yeah, they don't pay them back) we hand over to Israel every year. With Chuck Hagel at State we may make some progress. Senator Warren needs to be reminded that this outlay of $$$ is wholly imprudent at a time of fiscal crisis.
 
 
+2 # Firefox11 2013-03-09 13:43
"People with real power know that it’s best not to flaunt it."
So they keep it and themselves hidden. See the Wizard of Oz.

"by allowing debate means per definition of giving your enemies an advantage."
So debate is stifled in the mass media and in Congress.

"yet won't acknowledge the world's largest open air prison and aligns herself with war criminals."
not sure where you are going here; do you mean Palestine v. Israel?
 
 
+2 # The Juan Percent 2013-03-11 01:00
Quoting Firefox11:

not sure where you are going here; do you mean Palestine v. Israel?


The overwhelming majority of American Politicians are not "progressive" in any true sense. They're reactionary at best. As far as I'm concerned, I vehemently disagree that all "Options should be on the table in regard to Iran." If it means young men and women should grow up in America, then go to foreign lands and kill and die for Israel, I respectfully decline to throw out the confetti for Sen. Warren.

While Senator Warren's tough questioning is a breath of fresh air, but should we just ignore her pro war (being pro-Israeli is basically being pro war at this point) rhetoric? Support for Israel is support for Apartheid as far as I'm concerned. That is neither progressive nor commendable.

Cracking down on criminals who take homes through deception, while supporting those who bomb and demolish homes with women and children inside of it is reflective of her true character. Make no mistake about it, Gaza is not only being occupied be Israel, it is being occupied by our money and the future of our own children, as well. Cognitive dissonance is not a trait I gravitate towards.
 
 
+2 # Nominae 2013-03-09 22:27
Quoting The Juan Percent:
So Ms. Warren takes on Wall St. But she dares not take on the Israel Lobby.........


You make some great points in re: AIPAC.

Elizabeth Warren is EMINENTLY SUITED for taking on Wall Street bcuz she knows their world as well as THEY do. That's what spooks them. The REST of the Senators on the Hill can be snowed like gullible children bcuz they cannot comprehend the purposefully confusing Wall Street lingo.

Warren SLAYS Wall Street in their OWN lingo.

So, why not celebrate Warren for who and what she IS, rather than ranking her down for the unpardonable sin of failing to be ALL THINGS TO ALL PEOPLE ?

This woman is FRESHMAN Senator. She has barely had time to find the restroom, and she is ALREADY kicking A$$ and literally "taking names" on Wall Street. The REST of those Stiffs on the Hill have been there since The Ice Age, and many have done NOTHING.

Let's let her do what she's *best* qualified to do in HER OWN WAY !

Or would you also like to throw mud at her bcuz she's not "walking on water" while she's taking on Wall Street ?

If you are so passionate about reining-in AIPAC, and our HUGE annual aid to Israel, I'm sure you will find no shortage of constituents to put YOU in office so YOU can git 'er done YOUR way.

In the meantime, if you can't help Warren, how about you just step the hell out of her way, and don't SLOW HER DOWN ?

She is there for what she IS, not for what she's NOT.
 
 
+4 # SouthBrun 2013-03-09 07:58
She obviously would be the Paulette Bunyan on cutting out the dead wood on Wall St. If only DOJ would give her the axe and keep it sharp for her.
 
 
+7 # Corvette-Bob 2013-03-09 08:58
If you rob a bank they throw you in jail, but if you are a bank and you rob the country, the government gives you more money so that you can give bonus to the bank rubbers, I mean bank executives.
 
 
+1 # corals33 2013-03-09 11:55
now don't get carried away folks...she's only a woman like Cynthia and easily swept aside like miss McKinney.One female asking questions does not make a revolution when all her male colleagues seem to lack the testicular fortitude required.Just make sure they don't shut her up in future.
 
 
+3 # Archie1954 2013-03-09 16:28
There is absolutely no equality before the law in the US. In fact, I'm coming to believe there is no law in the US at least not for the elite!
 
 
+1 # ghostperson 2013-03-09 22:42
Hillary for president, Warren Secretary of Treasury, Nader head of the new consumer protection agency. Michelle Obama Secretary of Health and Human Services. Bill McKibben Secretary of Interior. Sierra Club's choice to head of EPA. Secretary of Labor any single female head of household with multiple kids receiving no support from the father. Secretary of Commerce, any internet genius. Secretary of State Bernie Sanders. Secretary of Education any long-term, skilled school teacher struggling maintain professionalism while being forced to teach to a flawed test that is virtually meaningless.
Learning to think is no longer part of our educational system's function. Attorney General, the flawed Eliot Spitzer who is a mad man where white collar crime is concerned.
 
 
0 # tomtom 2013-03-10 01:02
Apprehend these criminals and put them in prison? The Department of Justice doesn't work. Look at two black men in solitary confinement for 40 years in Louisiana; forget the Voter Rights Act, they don't even recognize Lincoln's Emancipation Proclamation!
 
 
+1 # neohip 2013-03-10 10:35
Can anyone explain to me why Senator Warren voted for Brennan? And Al Franken?
 
 
0 # BeaDeeBunker 2013-03-11 00:20
What a country, God help us.
The new corporate tee shirt for the bankers of our fine country has just been leaked to me. It is required to be worn by both men and women under their corporate 'suits.' They were all made and printed in China. The team logo and motto are as follows:

TOO BIG TO FAIL-TOO BIG TO JAIL

subtext: Let's play fair-heads I win-tails you lose.
 

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