Comments on: Why Obama will nominate Warren A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 By: jstaf Tue, 27 Jul 2010 14:03:39 +0000 I like the idea of an antagonistic relationship between the banking industry and the consumer protection board. If ever there was a place where tension is needed to maintain balance it is the relationship between people who want a safe place to save and borrow vs. a bunch of vampires trying to get another drop of blood for as little effort as possible.

Payday loans are only needed because banks are all too big to wring enough out of the lower-income folks to make it worth their time, so payday lenders instead of neighborhood banks appeared.

By: HBC Mon, 26 Jul 2010 15:10:44 +0000 Two birds, one stone: 6.html

By: hsvkitty Sun, 25 Jul 2010 00:53:55 +0000 The payday lenders ARE the modern day loan shark. you are kidding right? ydayfact.htm

By: janon Sat, 24 Jul 2010 19:16:51 +0000 Um, does anyone think payday lending makes people better off?

Compared to the neighborhood knee-breaker loan shark, who charges 20% a _week_, the payday lender is a bargain. Elizabeth Warren is not a friend of the lower middle class.

By: OscarLeroy Sat, 24 Jul 2010 01:31:15 +0000 “Successful Economic Stimulus”

Don’t make me laugh. Obama’s office said the stimulus would keep unemployment under 8%. Fail.

“Lilly Ledbetter Fair Pay Act”

Which would be nice if there weren’t 5 job seekers for every job opening in America.

“Cut Missile Defense by $1.4b
Weapons Systems Reform”

But still increased the Defense budget, because only by spending more than everyone else in the world combined can stop the 100 al-Qaeda in Afghanistan.

“Ordered Secret Prisons Closed”

Don’t make me laugh.

“Education Expansion”

Yeah, race to the top is working so well.

By: klhoughton Fri, 23 Jul 2010 18:23:09 +0000 “[N]o one in the Obama administration is going to want to face the political firestorm associated with not nominating her”

Uh huh. Tell me another one, Felix. As someone pointed out elsewhere, Geithner’s “she is an incredibly capable, effective advocate for reform” is basically the form of what you say about the person you didn’t hire.

By: commieatheist Fri, 23 Jul 2010 18:22:17 +0000 nynick – I’m thinking that Felix is invoking Ms. McArdle as an example of how pathetic and incoherent the opposition to Warren is. I doubt that he supports her views on any subject, whether it’s economics or the right kind of Himalayan Salt to put in your pantry.

By: ohmmade Fri, 23 Jul 2010 17:31:15 +0000 nynick: if she is appointed, will you eat your words? (my guess is no)

And your “obama’s not interested in policy” nonsense is laughable. In his short time in office, here’s what he’s accomplished, to which you’ll never give him any credit for:

SCHIP expansion
Education Expansion
Ordered Secret Prisons Closed
Cut Missile Defense by $1.4b
Veterans Health Care Budget Reform and Transparency Act
START Treaty
Hate Crimes Prevention Act
Closed Offshore Tax Havens
Extended discounted COBRA
Weapons Systems Reform
Stem Cell Research
Increased Fuel Economy Standards
Fraud Enforcement and Recovery Ac
Credit Card Reform
Lilly Ledbetter Fair Pay Act
Health Care Reform
Successful Economic Stimulus
Sonia Sotomayor
Elena Kagan

By: OscarLeroy Fri, 23 Jul 2010 17:20:22 +0000 “does anyone think payday lending makes people better off?”

It makes the people doing the lending better off. And I’m sure that’s all that matters to the elements of this administration that want to cap the capital gains tax at 20%, cut Social Security to head off more taxes on the wealthy, etc.

By: nynick Fri, 23 Jul 2010 16:33:59 +0000 The decision to nominate Ms. Warren should be a no-brainer. The fact that it’s not says a great deal about Obama’s biggest weakness, a near total lack of leadership. Regardless of what Geithner may say in public, he and his friends in the banking industry would much rather someone else get the job. Someone they could control. I hope Ms. Warren is nominated but if history is any guide, she will not be. Obama never missses a chance to fold like a lawn chair in the face of opposition. His only guiding principles are his political fortunes. From HCR to FinReg and everything in between, getting something passed that he can sign is far more important to him than whether the legislation will do much to solve the problem at hand. He’s just not interested in policy. He leaves that to others. When the policy succeeds he can take credit and when it fails there’s someone else to blame. In this case, Obama will leave the decision up to his economic team who cater to the bankers at the expense of everyone else. They will do what is best for their banker friends which will likely mean Ms. Warren will not be the choice.