Elizabeth Warren Skewers Federal Reserve Regulator Who Played “Pivotal” Role in 2008 Financial Crisis

This video of Elizabeth Warren ‘roasting’ a bank regulator who refused to regulate responsibly has been viewed over 1.8 million times — in just 3 days.

On April 5th, Republicans tried to use their Senate Banking Committee hearing to show that regulating banks costs too much. Elizabeth Warren turned that on its head, opening her questions saying, “I want to focus on the other side of the equation, and that is the cost to American families of failing to regulate.”

Nor would she stand for ‘tenure defenders.’

“Did you have your eyes stitched closed?” she asks Leonard Chanin, Republicans’ lead witness and former Deputy Director of the Division of Consumer and Community Affairs at the Federal Reserve Board in response to his dogged refusal there was any hard data available prior to regulation failures that led to the economic collapse of 2008.

A ‘prime example’ of the hands-off regulatory approach that may lead to the next.

“You did essentially nothing,” Warren told Chanin, who has since left the Federal Reserve to work for a private law firm advising big banks. “Now, your failure had devastating consequences.”

 

Rush Limbaugh Defends The Koch Brothers: They “Haven’t Done Diddly Squat”

During the February 12 edition of Premiere Radio Networks’ The Rush Limbaugh Show, Limbaugh – in speaking of, uhem, denying the Koch Brothers influence over Government, specifically the GOP – proclaims; “The Koch Brothers Haven’t Done Diddly Squat Because They Can’t, They’re Not In Government”

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LISTEN TO HIS RANT

RUSH LIMBAUGH: That’s exactly how this country was portrayed last night, and the previous debate, and every other Democrat debate or every Democrat campaign appearance. This place is portrayed as Hell on earth, brought to you by George W. Bush, the Republicans and the Iraq War, in the modern incarnation. The America they want to save us from, the America from which they want to liberate us, is not George W. Bush’s. It’s Barack Obama’s. But they don’t ever say that. They blame the Koch brothers. Nobody knows who the Koch Brothers are. The Koch Brothers can’t do, don’t do diddly — the Koch brothers never enforced a regulation on anyone, the Koch brothers never raised anybody’s taxes. The Koch brothers never sent anybody’s kids off to war. The Koch brothers haven’t done diddly squat because they can’t, they’re not in government. Government does all of this.