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Pierce writes: "Any Democratic politician who thinks this is a bad situation - or, worse, will not stand by a Democratic colleague in this situation - is not worth the hankie to blow Joe Lieberman's nose."

Elizabeth Warren. (photo: AP)
Elizabeth Warren. (photo: AP)


Senator Professor Warren and the Bankers

By Charles Pierce, Esquire

29 March 15

 

In which the Senator Professor makes all the right people nervous.

et us be quite definite about this. Any Democratic politician who thinks this is a bad situation -- or, worse, will not stand by a Democratic colleague in this situation -- is not worth the hankie to blow Joe Lieberman's nose.

Representatives from Citigroup, JPMorgan, Goldman Sachs and Bank of America, have met to discuss ways to urge Democrats, including Warren and Ohio Senator Sherrod Brown, to soften their party's tone toward Wall Street, sources familiar with the discussions said this week. Bank officials said the idea of withholding donations was not discussed at a meeting of the four banks in Washington but it has been raised in one-on-one conversations between representatives of some of them. However, there was no agreement on coordinating any action, and each bank is making its own decision, they said.

My god, what a prodigious bluff. Also, my god, what towering arrogance? These guys own half the world and have enough money to buy the other half, and they're threatening the party still most likely to control the White House because they don't like the Senator Professor's tone? Her tone? Sherrod Brown's tone? These are guys who should be worried about the tone of the guard who's calling them down to breakfast at Danbury and they're concerned about the tenderness of their Savile Row'd fee-fees? Honkies, please.

The tensions are a sign that the aftermath of the 2008 financial crisis - the bank bailouts and the fights over financial reforms to rein in Wall Street - are still a factor in the 2016 elections. Citigroup has decided to withhold donations for now to the Democratic Senatorial Campaign Committee over concerns that Senate Democrats could give Warren and lawmakers who share her views more power, sources inside the bank told Reuters.

Tensions? These are the guys who should have spent the last six years going door to door apologizing to every American for blowing up the world economy and then buying up the splinters. That is, they should have been going door-to-door to apologize to all those Americans who still have doors they can call their own.

Call this. Do it now. Tell them their money is no good here any more. Give these brigands the 86 the way any respectable saloonkeeper gives the heave to a chronic deadbeat who's run up an unpayable tab. Show the country in simple (and not necessarily civil) words what these people really are. Demonstrate, speech by speech, that they have no loyalty to the political entity that is the United States of America, that they are stateless gombeen bastards who would sell this country's democracy off like a subprime mortgage to put another ten bucks into their pockets. They are threatening the people whom they still should be thanking for saving them from themselves. And Senator Professor Warren is only their most conspicuous target. Don't kid yourselves, this is a message they're sending to every politician, up and down the line, national and local. Don't cross us. We own you. There is only one response for a democratic people to make to this ongoing gross obscenity.

Bring it, motherfkers. Bring your lunch. And your lawyers.

This is a fight the Democratic party must have, if it's going to be worth a damn as a political entity. If some Democratic politicians line up on the wrong side, and they go down, so be it. The rest of the country has sacrificed enough for the plague-ridden benefits of its investor class.


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+56 # twnzach 2015-03-29 12:06
I hate blanket statements, but if we can bunch up "bankers" based on what the "companies" they work for are saying on their collective behalf -- Boy! do they have Cheek!
 
 
+14 # ericlipps 2015-03-29 17:30
Quoting twnzach:
I hate blanket statements, but if we can bunch up "bankers" based on what the "companies" they work for are saying on their collective behalf -- Boy! do they have Cheek!

Just not the cheeks above the neck.
 
 
+87 # Bolduc619 2015-03-29 13:40
Awesome article, thank you Mr. Pierce!
 
 
+125 # jdd 2015-03-29 13:50
Now that Wall Street has foolishly made its threat, the electorate should take note of which way the Democratic Party lines up. One can be certain that the majority, pro-Wall Street faction, led by the President, will not rally behind Sen. Warren. Neither she, nor Gov. O'Malley, who recently announced his support for a return to Glass-Steagall, should see this as anything but an honor, for as FDR said of Wall Street in late 1931, "I welcome their hatred," one week before achieving the greatest landslide victory in America's history.
 
 
+16 # RLF 2015-03-30 06:10
NY Sen. schumer has his lipstick firmly in place on the backsides of every Wall St. important and will soon be emperor of the senate...this country is sooo fucked!
 
 
+14 # davehaze 2015-03-30 07:12
Yes. Expect Schumer and the gaggle of Democratic party politicians and Hillary to apologize for Warrens and Browns bad behavior.

Schumer will accurately whine to Wallstreet, They are not us.
 
 
0 # politicfix 2015-04-01 20:46
Why should we concern ourselves with what the President will or will not do at this point? We need to get behind the people who are willing to stand up for what's right. They're counting on the majority of people to rally behind them and not cave in. There really is no choice at this point, and we have to "welcome their hatred" without wavering. Stop the big thief at the top and you stop the little thieves at the bottom.
 
 
+65 # Seadog 2015-03-29 13:53
The politicians in either party working for the banksters are crooks, all of them.
 
 
+2 # Justice Lady 2015-03-30 12:44
"If you had all the money & I had all the land I could get all your money for 1 night's rent" Shirley Anne Hardy author of "Stolen Land -Stolen Lives & the great con trick of DEBT" It's our inflated land prices at the root of it all.A Single Tax on land values is the only real remedy for our econmic woes
as Henry George wrote.
 
 
+18 # jsluka 2015-03-29 13:54
"Honkies"? Should that be "hankies"?
 
 
+79 # PABLO DIABLO 2015-03-29 13:55
The audacity to threaten our Congress? Put a few (or all) these criminals in prison.
WAKE UP AMERICA.
 
 
+2 # hadgembes 2015-03-31 22:54
That is the failure of this administration with its DOJ not try try them for being responsible for the 2008 economic disaster where they gamble with the savings and retirement funds of many.
 
 
+1 # madame de farge 2015-04-01 16:26
The VERY REASON for having public financing for Elections....Th ese arrogant, money laundering, market manipulating, and tax dodging 1% should be sent to Guantanamo BAY for the Duration (until we have single payor, free education AND the DEBT is paid off in full)
 
 
+31 # economagic 2015-03-29 13:58
"blowing up the world economy and then buying up the splinters."

That would be ". . . and buying them up ON THE CHEAP."

"This is a fight the Democratic party must have, if it's going to be worth a damn as a political entity."

Indeed, and the outlook is not sanguine.

Sometimes nothing less than a blanket statement will suffice. Tyranny has changed only in form since it arose some 5,000-10,000 years ago, and for that reason alone we should revive that term. The kings were overthrown or edged out, only to be replaced by capital, originally capital GOODS, the goods of production of which the Industrial Revolution was made. The bankers stood in the shadows until the transition was complete (think the long war, 1914-1945), after which they moved swiftly to eliminate many of the middlemen.

Another nastier, more modern term is popping up more and more often, but it is poorly understood and generally obscures the issue -- which is just fine with the tyrants.

Personally, after 2004 I quit voting for candidates from the party that calls itself "Democratic" who yet consistently supported tyranny. I think electoral politics is now a rear-guard action, one that needs to be fought but one that is unlikely to prevail. I am increasingly turning my energies toward local sustainability, rebuilding local communities and economies for resilience through times that are likely to get really tough.
 
 
+33 # Charles3000 2015-03-29 14:20
In merry olde England they used drawing and quartering on bankers such as these.
 
 
+6 # HowardMH 2015-03-30 10:24
Oh way to go olde England. The only thing the American people seam to be able to do is maybe slap the pinkie of the Wall Street Bastards maybe once very softly. We are so screwed, because to many are wimps.
 
 
+36 # REDPILLED 2015-03-29 14:25
As long as there is a Federal Reserve and only one state bank (North Dakota), we will continue to be screwed.
 
 
+65 # Old4Poor 2015-03-29 14:25
The first step is for everyone who cares about Progressive principles to STOP using these monster banks for any reason.

Credit Unions, folks, and local banks, the few that are still around.

I gave up Credit Cards almost 8 years ago and now use a Debit card through my Credit Union. I am not only not giving the big banks any profits off my spending and money but it helps me avoid impulse purchasing, which most of us seem to have been doing.

Too Big to Fail Banks cannot exist without our using them.
 
 
+22 # Linda 2015-03-29 15:49
Please stop using the word progressive ,I really hate that so many Liberals have stopped using the term Liberal and started using progressive after Hillary coined that term. I will state right now I am no damn progressive and I don't want to be I am a Liberal and proud of it and if you are a Liberal you should be proud of it too.It is not a dirty word it is a word that shows your on the side of moral judgement !

Oh ! I do use Credit Unions have for many many years !
 
 
+31 # Ken Halt 2015-03-29 16:58
Linda: While I appreciate your declaration of being a Liberal with a capital L (which I am, too) and damned proud of it, "progressive" is not a pejorative term and perhaps more accurately descriptive than "liberal". Liberal about what? The word "progressive" connotes a desire to make progress, to fix things, to make life and democracy better, to progress to a more egalitarian society. I don't know who coined the term "progressive", but Liberal or Progressive, the different labels define the same group of people: those who are committed to democratic values and are willing to share the world with others. A rose by any other name...
 
 
+10 # Ronzer 2015-03-29 20:03
Ken is quite right, and to further the discussion of the terms. Liberal is not the opposite of Conservative, but is the opposite of Fundamentalist. These are both ways of thinking. Being open minded is a Liberal way of thinking. Progressive is the opposite of Conservative, both of which are ways of acting or governing. Of course, while what I say may be accurate, we are still stuck with using the terms in the current and common manner if we want to be understood.
 
 
0 # politicfix 2015-04-01 20:40
Debating the name? Progressive Liberal, or whatever.. When the progress becomes actual the correct label will be applied.
 
 
+22 # ericlipps 2015-03-29 17:36
Quoting Linda:
Please stop using the word progressive ,I really hate that so many Liberals have stopped using the term Liberal and started using progressive after Hillary coined that term. I will state right now I am no damn progressive and I don't want to be I am a Liberal and proud of it and if you are a Liberal you should be proud of it too.It is not a dirty word it is a word that shows your on the side of moral judgement !

Oh ! I do use Credit Unions have for many many years !

Hillary Clinton didn't coin that term: it's a hundred years old. a Progressive Party contested the 1912 presidential election with Teddy Roosevelt as its candidate.

The term later fell into disrepute because of its adoption by socialists and communists disdainful of mere liberals. Its revival in more recent times has been tricky because of those associations.
 
 
+7 # Old4Poor 2015-03-30 01:05
In this instance I chose Progressive because of the issue involved. I also call myself a Liberal, proudly, and a Populist,and even on occasion a Socialist.

I do shy away from Democrat, however, even though that is how I need to be registered to vote in my State.

Usualy if someone here in AZ asks me if I am a Democreat (a swear word in and of itself to many), I say that while I am registered as one I consider myself to be a Liberal.

It seems silly to me to have to list these labels all in a long string.

I do not consider the word Progressive to be connected to Hillary at all, as it was one both of my Parents used to describe themselves in the 1940s.
 
 
+28 # KrazyFromPolitics 2015-03-29 15:15
Any way you look at it, all of the sons-of-bitches who participated in the real estate/ banking crimes against the citizens of the world should be doing hard time and never allowed to participate in financial and banking enterprises for life. they should also be stripped of their ill-gotten financial gains. But, alas, the people elected to guard against such largess have no courage and are beneficiaries of the Wall Street sons-of bitches. That is, with the exception of Warren, Brown, and Sanders, you will have to look very hard and long to find people who practice statecraft rather than politics. The former requires integrity and a moral compass. The latter requires only animal-like cunning. Don't get me started on DOJ and Holder. I'm sure he will be well compensated after leaving his AG position.
 
 
+7 # Old4Poor 2015-03-30 13:59
I still hope to see Jamie Dimon in an orange jump suit and cuffs before I die.
 
 
+5 # zach 2015-03-29 15:27
What are they worried about. Hilary will be the nominee, and the way the Repubican slate of candidates is shaping up, Hilary will be Madame President on January 20, 2017.
They have nothing to worry about, in fact, a lot to celebrate.
 
 
+29 # Linda 2015-03-29 15:43
What I want to know is why aren't people in the damn streets fighting for their rights ?

Today I found out that a bill was passed by Republican's that has destroyed the Affordable Care Act and Medicare will be made into a voucher program .I worry that my Social Security will be next to go ,then every other program that helps people who have low income .
I am 70 years old and I think its a damn shame and morally wrong that seniors like myself have to worry about their retirement years being spent living on the streets when Republican's do their worse and scrap every program that help us survive.
Will they end HUD ( affordable housing ) ,will they end food stamps , or HEAP (fuel assistance ) SSI ? Will us seniors have a roof over our heads ,a warm home in the winter ,will we have health insurance ( Medicare )and will we have enough to eat?
Should any senior spend their retirement wishing for death because living is too unbearable ?
Why aren't those physically able fighting for us elders and themselves ? What ever happened to the spirit of the 60's when our young folks ,"myself at the time," fought for what was right ?
I am so disappointed in this generation and the generation before this . Maybe you will get what you deserve but you will drag a whole lot of people along with you who don't deserve it !
Post all you want but do something about it don't just post !
 
 
+8 # Old4Poor 2015-03-30 01:10
Understood as I am almost 72 and the big banks (especially Chase) stole my retirement and savings in 2008, and now Social Security is all I have left to live on.

However,that dreadful GOP budget is never going to make it through conference, and if parts of it do hit Obama's desk,it will be vetoed.

The GOP does not have enough votes in the Senate to override a VETO.
 
 
+2 # Juanbaltimore 2015-03-30 13:50
What has happened is that there are so many distractions -from computer games to "social" media like Facebook that folks just go mindless. There is also the overload of so much information that people just throw up their hands. It is most unfortunate. Colleges and universities have been made nearly unaffordable since the 1960's to keep people from rising up like they did back then.
 
 
+11 # Linda 2015-03-29 15:55
Maybe if you told you them that you had them in your crosshairs they would pay attention ?

I don't think a war in Iran is going to be a big issue when a war right here is reigning down on us . The question is do you fight or cower ?
 
 
+17 # Blackjack 2015-03-29 16:20
Mr. Pierce has squarely nailed it! Problem is the Dems shaking in their boots over the whines of the crybabies are proving once again they are NOT Dems at all. They are Repukes, hiding in Dem clothing. Off with their heads, which for many of them, should have happened several elections ago, but it's never too late to send a rat packing!
 
 
+9 # Shorey13 2015-03-29 16:29
Sorry, Mr. Pierce, but if you really believe that the Democrats, as a party, are going to stand up to Wall Street and its money, you must be smoking funny tobacco. Ms. Clinton might (might!) make a weak remonstrance, but she won't mean it, and she will still have her hand out waiting for their money.

Moderate Republicans hijacked the Democratic Party in the 1990's after they were ejected by the Reaganites, and they still hold the power.

If Ms. Warren really believes the Democrats will stand behind her as a party, then she is also deluded.

Like it or not, there is only one way to stand up to big money, and that is to form a Progressive Party and try to disrupt the next national election. Every single "progressive" advance in this country started with a minority party.
 
 
-6 # MDSolomon 2015-03-29 17:07
Pierce comes close, but does not quite penetrate the veil of power. Warren's job is to keep progressive voters in the blue silo, and thus prevent voters from opting for a third-party, namely the Green Party, which is on record for supporting public banking; i.e, taking away the money creation license that was unconstitutiona lly stolen with only three Senators present in 1913, with the passage of the "Federal" Reserve Act. The red party has similar "radicals" that will put on a good show, giving the faithful hope, and then, after they have been defeated, throwing their weight behind some "viable" red candidate. http://coloradopublicbanking.blogspot.com/2014/05/the-view-from-top-of-power-pyramid.html
 
 
+12 # Robbee 2015-03-29 17:22
BANKSTERS! how did FDR ever stand up to them?
 
 
+14 # Walter J Smith 2015-03-29 17:34
Hillary Clinton is the opposite of progressive:

https://en.wikipedia.org/wiki/Progressivism

She will tell the progressives any fairy tale they want to hear to get their votes.

It will work just as it worked for Obama when he told them the fairy tales they wanted to hear.

The question is when will progressives take themselves and their inheritance of progressivism seriously enough to stop believing the professional liars the D Party keeps vomiting up as presidential candidates.
 
 
+9 # Stilldreamin1 2015-03-29 18:44
Progressive/lib eral/left-wing all are fine with me. Just don't call the people who opened the floodgates to mammoth political contributions or who would make it illegal for states to label gmo's or would give corporations the power to sue for loses if American laws stand between them and profits. They're right wing zealots or maybe reactionaries if you're feeling charitable. It was refreshing to hear Nattanyahu describe himself as right- wing. At least that's accurate.
 
 
+13 # Robbee 2015-03-29 18:46
you don't have to be a green, progressive, liberal, black, immirant or dem to want to get rid of our best government money can buy, all you have to want is freedom from our rich ruling class

the only thing a dem prez can do is, like obama, veto tax cuts for the rich - and such a fix is only temporary, until the next bush 2 gets elected, declares a mandate for change and signs new tax cuts for the rich and TPP - so-called "free" trade is too expensive for consumers, we can't afford it any more than we can afford carrying the rich, who pay lower tax rates than any of their workers, as we now do

at end of day the only thing that takes money out of politics is a constitutional amendment that does so, publicly funded elections, federal, state and local, money is not speech, banks are not people, no more gifts, "free" junkets or revolving doors
 
 
+3 # Floe 2015-03-29 20:54
I don't know why we keep waiting for more proof that we're looking to a system that is corroded to the core to change trajectory. I don't see the trajectory going anywhere but into the abyss whichever aspect you want to take. This article doesn't seem to notice the dissonance of our politicians even meeting with the bankers to confer with their admonitions. We have no democracy people. The fascists will soon be legislating that goosestepping is the only way to perambulate. Payback bank loans the way banks gave them to us - out of thin air. Just write a number that they say you owe and send them the mortgage in full. You'd be silly to work your life away just to pay off a made up sum of money.
 
 
+5 # Rockster 2015-03-29 23:41
The original good point made by Pierce is that the time to stand and be counted is Now. This is clearly true and very important . I'm distrustful of all the sideways comments guessing at who's more pure and what might happen. It's all mental flak and of zero operational worth. We are few in number and vastly outgunned so let's keep
FOCUSSED on what Can be done to get some freedom and democratic structure back into our politics. Sen Warren and her allies are our only good hope right now. It may be less important whether she can win the election than it is that we get her ideas into people's thinking. This time will tell the world which USA is for real. We must not be fooled by impostors of any ilk. And we must carry on the struggle for equality together. Now!
 
 
+5 # andyseles 2015-03-30 02:13
Shorey 13, you got it right. If you do a little time travel, you see Reagan busting the unions and deregulating the economy only to be followed by Slick Willie's collusion in knee-capping Glass-Steagall and exporting our jobs overseas. That left the Dems on a lesser traveled corner of Wall Street with their own tin cup. Bush followed up with a rigged Court, unfunded wars and a campaign to make the citizens distrust their government via intentional,sta rve-it-on-the-v ine, incompetence (Heckuva job, Brownie)...Only to be followed by the wunderkid who promised us the moon and the stars until Goldman Sachs played Rumplestiltskin s. Time to tip over the Monopoly board....
 
 
+1 # WestWinds 2015-03-30 09:13
This is off-topic but I ran across this just this morning and I thought you guys would be interested:

Fears of martial law as special ops set to swarm Southwest and operate undetected among civilians who've been deemed HOSTILE in massive military exercise --Operation Jade Helm will see 1,200 service members including Green Berets and SEALs and special forces from the Air Force and Marines in July | 26 March 2015 | Seven Southwestern states will soon be swarmed by 1,200 military special ops personnel as part of a controversial domestic military training in which some of the elite soldiers will operate undetected among civilians. Operation Jade Helm begins in July and will last for eight weeks. Soldiers will operate in and around towns in Texas, New Mexico, Arizona, California, Nevada, Utah and Colorado where some of them will drop from planes while carrying weapons loaded with blanks [!] in what military officials have dubbed Realistic Military Training. But with residents of the entire states of Texas and Utah dubbed 'hostile' for the purposes of the exercises, Jade Helm has some concerned the drills are too realistic. ***
YIKES!!!
 
 
0 # moonrigger 2015-03-30 13:42
I think the majority of us have waited over half a lifetime for the banks to get off their high horse, but their addiction has rendered them impervious to common sense. They forgot the tale about the golden goose. They've gotten away with all their crap for so long, they think they're untouchable and above the law. Can't blame them, given how often our representatives have caved or reversed the rules. Do they really want a Greek-styled revolution here? By golly, it's coming. What began as sticking it to the little guy with a plethora of meaningless fees for this or that, or upping interest on debt over minor issues, to making it impossible for the average person to get a loan--it's all high crimes, not misdemeanors. Thank goddess a few brave souls have emerged and are calling them out. We are waiting, DNC, for ALL of you to get on the freedom train and grow a set of cajones. Geez!
 
 
+2 # Pikewich 2015-03-30 17:55
Liberal or Progressive, if the majority of you hold your nose and vote for Hilarity, we will all continue on this downward spiral.

I will not be holding my breath waiting for the democrats to tell the bankers to shove off, and regain their roots.
 
 
0 # Sweet Pea 2015-03-31 06:40
I am a Liberal Progressive Democrat! . Each of the names add an additional explanation of myself.
 
 
+1 # librarian1984 2015-03-31 12:48
I told my kids that when I was growing up bankers were considered some of the community's most trusted members, and they couldn't believe it.
 

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