January 14, 2025 • 16 mins
Chris dives into Elizabeth Warren's Wall Street Journal op-ed about "unrigging the economy." He critiques Warren's policy proposals, from financial regulations to housing and banking reforms, pointing out contradictions, flaws, and the history of regulatory missteps. www.watchdogonwallstreet.com
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
Elizabeth Warren tries to make nice.
Speaker 3 (00:20):
Oh, it's how wonderful sinces bipartisan ship seas reaching out.
Speaker 2 (00:26):
Yeah.
Speaker 3 (00:26):
She had a piece in the Wall Street Journal today.
If Trump wants to unrig the economy, I'm in, she says,
I will lead Democrats on the Banking Committee to lower costs,
advanced security, and cut red tape.
Speaker 2 (00:50):
Again.
Speaker 3 (00:51):
There was a Chris Rock stand up episode where he
was talking about if you remember the tiger tamers from Vegas,
Siegfried and Roy, you remember one of them, I can't
remember which one got attacked by one of their tigers.
And he made the comment and his stand up routine
(01:13):
that you know, everybody's.
Speaker 2 (01:14):
Saying, oh my god, look at tiger went crazy. Oh
my god, it tiger went crazy.
Speaker 3 (01:18):
And Chris I was like, no, let's tell you didn't
go crazy. That tiger went tiger. That's what tigers do.
But you think you're going to tame a ultra far
left communists. I don't know, communist fascists. What do you
even want to call her? Okaymost the same thing, communism, fascism.
(01:40):
I mean, it's same same thing. It's the you know,
what's the difference between the bloods and the crips. They're
both gangs. Anyway, I don't believe a word she's saying.
But we're gonna go through her piece today. Okay, we're
gonna have fun with this. And she she talks about
the mission of Democrats on the Senate Banking, Housing, and
Urban Affairs Committee is to deliver what Americans have asked
(02:02):
for in election after election, unrigging the economy to make
life more affordable for working families, right right, unrigging the economy.
You making it more affordable for American families with all
your bull green initiatives and forcing them to buy more
(02:25):
expensive appliances, and making permitting more expense. I go on
down the list, but anyway, she says, she's worried, too
ready to work with Chairman Tim Scott, Donald Trump, and
business leaders whenever they support policies that rebuild the middle class,
advance our economic and national security, and fight the corruption
of those who seek to use government to enrich themselves. Again,
(02:50):
she has her own Again, I don't think it's ever
been a center in history. She has her own agency.
That Consumer Financial Protection Bureau just completely unconstitutional, that does
nothing that make life more difficult on everyone. But anyway,
she says, first, we must lower costs and improve access
(03:11):
to financial services. Lower costs and improve access to financial services.
Since when did they get expensive to open up a
bank account? Lower costs improve Is it difficult?
Speaker 2 (03:30):
Quite? Frankly, I think.
Speaker 3 (03:31):
It's easier than ever, easier and less costly than ever
to get yourself a bank account. But then she brings
up housing. Okay, again, she's just what does one have
to do with the other. Last year housing costs reached
the highest level in decades. Well, Elizabeth, they went up
(03:54):
for a myriad of reasons. One of the reasons is
is that all of the full excrement governments span that
you Democrats push forward lit a fire as far as
inflation was concerned, eventually driving up mortgage costs. But she says,
conservatives who believe that there is a supply problem, all right,
of course, of course there is a supply problem. Why
(04:17):
is there a supply problem? With red tape, red tape,
the cost of building homes. It's not easy to do.
Liberals who believe price fixing and corporate landlords, our culprits
are also right.
Speaker 2 (04:34):
Yeah, that's it. That's it.
Speaker 3 (04:37):
It's price fixing and corporate landlords. Again.
Speaker 1 (04:42):
Yeah.
Speaker 2 (04:42):
Is there an.
Speaker 3 (04:43):
Issue in certain areas where people have bought up certain communities,
brought up multiple homes.
Speaker 2 (04:49):
Blackrock, private area.
Speaker 3 (04:50):
Yeah yeah, okay, but again, you know, the simple solution
to that is what it's just more housing, greater supply.
She says that her committee should pursue serious federal investment
to create incentives for home construction, established partnerships with local
(05:11):
communities to cut red tape, and take on Wall Street
landlords that are squeezing families out of local markets. Federal
investment now, now, now, Elizabeth, what you need to do
is get the hell out of the way. Okay, get
out of the way. Listen to John Gault from iin Rand.
(05:32):
Get out of the way. The Federal Reserve, after driving
mortgage rates to their highest levels since two thousand and eight, no, no, no, no,
the Federal Reserve didn't do that. The Federal Reserve actually,
you know, they kept rates down way too long because
(05:55):
of pressure brought to bear by you folks in Washington, DC. Oh,
inflation is transitory. Well, she is saying that they should
cut rates further. Hey, Elizabeth, you're on the fricking banking committee. Okay,
you're on the freaking banking committee. The Federal Reserve has
(06:15):
cut rates by one hundred basis points just over the
past few months for the first time ever, ever.
Speaker 2 (06:22):
Ever.
Speaker 3 (06:24):
Yeah, interest rates went in the opposite direction by over
one hundred basis points.
Speaker 2 (06:33):
She says.
Speaker 3 (06:33):
The Trump administration can help by transferring or selling unused
federal property to local actors to increase supply. We should
avoid anything that risk raising housing prices, such as privatizing
Fanny May and Freddie Mack in a way that rewards
Wall Street while inflating the costs of barring. That's yes,
(06:54):
Fanny and Freddy is another great place where politicians and
members of politicians' families can get no show jobs. Oh yeah,
you may have that story. I did hear on the program.
It was body Flake, body, f body flank and his
gay lover.
Speaker 2 (07:12):
He got his gay lever.
Speaker 3 (07:13):
A job over with Fanny may make it a hundreds
of thousands of dollars. Yeah, we covered that here on
the program. Remember Franklin rains there buddies with Maxine Waters
drove that thing into the ground during the financial crisis. Fanny,
there's there's no need for Fanny, there's no need for
Freddy shut them down. Okay, okay, we should continue, She says.
(07:37):
President Biden's popular fights against junk fees, corporate consolidation, and
price gouging.
Speaker 2 (07:45):
What junk fees? Junk fees?
Speaker 3 (07:48):
Yeah, like, uh, I don't know charging people a fee,
I mean, I'm sorry. You know, if you bounce a check,
there should be no repercussions for that.
Speaker 2 (08:02):
At all.
Speaker 3 (08:03):
I mean, certain banks have certain ways where they cover
it for a period of time. Again, I don't like
ridiculous fees either. But again, you can go out there
and you can you can search for a bank that's
going to do the right thing by you. Corporate consolidation, again,
I don't know what you're talking about. You're talking about
(08:25):
those efforts by Lena Khan that failed here, there, and everywhere.
Why don't you stay out of that business? A lot
of mergers don't work out. Let the free market decide.
Price gouging another one of the most ridiculous things I've
ever heard of in my entire life. Yeah, yeah, yeah,
the companies are getting together and their price scouging.
Speaker 2 (08:44):
Ah Ye again, here's one.
Speaker 3 (08:49):
Here's one where I disagreed with Donald Trump. She says,
mister Trump won up Democrats by proposing to cap credit
card rates at ten. I'll work with Republicans to make
it happen. That's not going to happen. It's not gonna
(09:11):
happen because the public will have a collective freakout. Okay,
public will have a collective freakout when all of a
sudden their credit cards are getting canceled here, there, and everywhere.
The reason why, the reason why a credit card company
charges twenty plus percent on these rates is because it's
(09:35):
a non recourse loan. Again, this is someone that's on
you know, one of the top top person on the
Senate Banking Committee that doesn't understand risk and pricing risk.
This is again, this is dangerous. She's dangerously stupid. Okay,
(09:55):
And again, you know, is she really stupid or is
this by it? I don't know if they listen. Okay,
if a bank out there could put out a credit card,
put out a credit card and it would basically take
the business of every other credit card company out there.
(10:16):
Every credit card company out there, they said, oh you listen,
we're going to have ten percent interest rates. Everybody else
is twenty plus percent. Who wouldn't do it. It's not
sustainable unless you're only dealing with people that are super
high credit pay their bills every single month. Anyway, if
(10:39):
the President elect is serious about protecting consumers, he should
support the Consumer Financial Protection Bureaus work to lower costs.
The CFPB needs to be shut down. It's unconstitutional. Yeah,
she said that the bureau has returned more than twenty
billion the customers who were cheated by credit card companies
and financial institutions.
Speaker 2 (11:02):
Whatever. You believe that.
Speaker 3 (11:04):
To believe that, no, now again, I watch this stuff
in this money that's not returned to customers. These are fines,
more often than not, arbitrary that these big companies pay
because the government again acts like Don Finucci and Godfather too.
They need to wet their beak up. You know what
(11:25):
will settle, will settle to shut these people in Washington
DC up. We must advance economic and national security. Our
committee has key responsibilities over export control, sanctions, trade policy,
corporate transparency, domestic supply chains and other levers to support
our economic security and at home, and promote our values abroad.
(11:49):
I'll support the Trump administration if he uses these tools responsibly.
That includes helping American industry grow and preventing terrorists from
exploiting our financial system, not doing favors for corporate lobbyists
or countries that don't share our values. Oh, give me
a break. Stop, stop, Liz, Liz Yakman. You know, go sell,
(12:13):
Go sell stupid somewhere else, Go sell crazy somewhere else,
all stocked up over here. Okay, give me a break.
We must that our financial system serves families and the
real economy, the real economy as opposed to the fake economy.
(12:35):
I don't know what she means by that community lenders
must provide the majority of loans to the small businesses
that power our economy. Why do you think we don't
have many small banks and community lenders out there? You
do know that we lost over three hundred banks during
the financial crisis and the after effects, and many of
(12:56):
those banks, quite frankly, were shut down because they couldn't
afford to deal with the regulatory costs. You made this happen.
Speaker 2 (13:05):
You made this.
Speaker 3 (13:06):
Happen, all right, Small lenners are getting swallowed up by
the two big to fail banks.
Speaker 2 (13:10):
You did that.
Speaker 3 (13:11):
Your regulations allow for too big to fail goes again.
Get you the BS coming out of your mouth. This
consolidation stifles competition and access to credit. Meanwhile, private equity
raiders continue to hollow out businesses and communities by buying
up everything from grocery stores to hospitals, again killing competition.
Speaker 2 (13:32):
She's not wrong there, but you did it.
Speaker 3 (13:36):
You did we go all go, all the way back,
all the way back. You guys, both Democrats and Republicans
repealed Glass Steegel had the whole dot Com crap up,
the and Ron all that stuff.
Speaker 2 (13:49):
Oh what do we get? What do we get?
Speaker 3 (13:52):
Another ridiculous piece of legislation that messed with Wall Street,
Sarbanes Oxley.
Speaker 2 (13:58):
What do we get after that?
Speaker 3 (13:59):
God, Frank, I mean one piece of garbage legislation after another.
The reason why too Big to Fail exists is because
of you and your ilk Republicans too. It's regulations. Risk
is building in the system. Two big to fail banks
are quietly taking on riskier investments. The shadowy private credit
(14:22):
market has loaded up on highly leveraged loans. After ways
of catastrophic losses, the insurance industry faces a reckoning that even.
Speaker 2 (14:30):
Climate change deniers can't ignore. Oh yeah, right, sure, Oh
my god.
Speaker 3 (14:43):
Again she's got other policies here the Recoup Act, which
redruits incentives for risk taking by clawing back compensation from
bank executives who got big paychecks while their banks failed. Again,
holding bank regulators accountable with their solution of bank failures.
Yeah right, yeah, you know you guys cut deals Silicon
(15:05):
Valley Bank. Hey, there's some big donors there. You got
to take care of that. Other banks fail not so much.
Again Here she goes where again again? Remember you know
that tiger didn't go crazy, That tiger went tiger, She says, Yes,
we should simplify financial regulations. Republicans are right that regulatory
(15:25):
complexity can drive up costs and hurt smaller companies that
don't have armies of lobbyists. Simpler structure rules such as
Glasstel would eliminate a mountain of paperwork and end the
need for regulators to intrude into businesses. Clearer rules would
create more transparency and give Americans across the country simpler
access to public markets. Again, if you believe, okay, you
(15:48):
believe that Elizabeth Warren wants to go back to glass steel,
I'm sorry, sorry again. Regulations regulation, whether it be the
regulatory code, whether it be you know, the crap that
the acronym agencies are thrown out, whether it be the
(16:08):
tax code. All of the burdens that are put on we,
the taxpayers here in this country is what gives individuals
like Elizabeth Warren and her ILK power the ability to
create complicated loopholes, carve outs and giveaways to people who
cut a check. If you haven't figured that out yet,
(16:31):
and if you haven't figured out that again, both sides
play this game. Something wrong with you. You call it regulatory
Capture's a myriad of the different things you can call it.
I just like to call it the Watchdog and Wall
Street access of evil. Big business politicians and the media
work in hand to hand, hand in hand to further
their own needs. Watchdog on Wallstreet dot com
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
Elizabeth Warren tries to make nice.
Speaker 3 (00:20):
Oh, it's how wonderful sinces bipartisan ship seas reaching out.
Speaker 2 (00:26):
Yeah.
Speaker 3 (00:26):
She had a piece in the Wall Street Journal today.
If Trump wants to unrig the economy, I'm in, she says,
I will lead Democrats on the Banking Committee to lower costs,
advanced security, and cut red tape.
Speaker 2 (00:50):
Again.
Speaker 3 (00:51):
There was a Chris Rock stand up episode where he
was talking about if you remember the tiger tamers from Vegas,
Siegfried and Roy, you remember one of them, I can't
remember which one got attacked by one of their tigers.
And he made the comment and his stand up routine
(01:13):
that you know, everybody's.
Speaker 2 (01:14):
Saying, oh my god, look at tiger went crazy. Oh
my god, it tiger went crazy.
Speaker 3 (01:18):
And Chris I was like, no, let's tell you didn't
go crazy. That tiger went tiger. That's what tigers do.
But you think you're going to tame a ultra far
left communists. I don't know, communist fascists. What do you
even want to call her? Okaymost the same thing, communism, fascism.
(01:40):
I mean, it's same same thing. It's the you know,
what's the difference between the bloods and the crips. They're
both gangs. Anyway, I don't believe a word she's saying.
But we're gonna go through her piece today. Okay, we're
gonna have fun with this. And she she talks about
the mission of Democrats on the Senate Banking, Housing, and
Urban Affairs Committee is to deliver what Americans have asked
(02:02):
for in election after election, unrigging the economy to make
life more affordable for working families, right right, unrigging the economy.
You making it more affordable for American families with all
your bull green initiatives and forcing them to buy more
(02:25):
expensive appliances, and making permitting more expense. I go on
down the list, but anyway, she says, she's worried, too
ready to work with Chairman Tim Scott, Donald Trump, and
business leaders whenever they support policies that rebuild the middle class,
advance our economic and national security, and fight the corruption
of those who seek to use government to enrich themselves. Again,
(02:50):
she has her own Again, I don't think it's ever
been a center in history. She has her own agency.
That Consumer Financial Protection Bureau just completely unconstitutional, that does
nothing that make life more difficult on everyone. But anyway,
she says, first, we must lower costs and improve access
(03:11):
to financial services. Lower costs and improve access to financial services.
Since when did they get expensive to open up a
bank account? Lower costs improve Is it difficult?
Speaker 2 (03:30):
Quite? Frankly, I think.
Speaker 3 (03:31):
It's easier than ever, easier and less costly than ever
to get yourself a bank account. But then she brings
up housing. Okay, again, she's just what does one have
to do with the other. Last year housing costs reached
the highest level in decades. Well, Elizabeth, they went up
(03:54):
for a myriad of reasons. One of the reasons is
is that all of the full excrement governments span that
you Democrats push forward lit a fire as far as
inflation was concerned, eventually driving up mortgage costs. But she says,
conservatives who believe that there is a supply problem, all right,
of course, of course there is a supply problem. Why
(04:17):
is there a supply problem? With red tape, red tape,
the cost of building homes. It's not easy to do.
Liberals who believe price fixing and corporate landlords, our culprits
are also right.
Speaker 2 (04:34):
Yeah, that's it. That's it.
Speaker 3 (04:37):
It's price fixing and corporate landlords. Again.
Speaker 1 (04:42):
Yeah.
Speaker 2 (04:42):
Is there an.
Speaker 3 (04:43):
Issue in certain areas where people have bought up certain communities,
brought up multiple homes.
Speaker 2 (04:49):
Blackrock, private area.
Speaker 3 (04:50):
Yeah yeah, okay, but again, you know, the simple solution
to that is what it's just more housing, greater supply.
She says that her committee should pursue serious federal investment
to create incentives for home construction, established partnerships with local
(05:11):
communities to cut red tape, and take on Wall Street
landlords that are squeezing families out of local markets. Federal
investment now, now, now, Elizabeth, what you need to do
is get the hell out of the way. Okay, get
out of the way. Listen to John Gault from iin Rand.
(05:32):
Get out of the way. The Federal Reserve, after driving
mortgage rates to their highest levels since two thousand and eight, no, no, no, no,
the Federal Reserve didn't do that. The Federal Reserve actually,
you know, they kept rates down way too long because
(05:55):
of pressure brought to bear by you folks in Washington, DC. Oh,
inflation is transitory. Well, she is saying that they should
cut rates further. Hey, Elizabeth, you're on the fricking banking committee. Okay,
you're on the freaking banking committee. The Federal Reserve has
(06:15):
cut rates by one hundred basis points just over the
past few months for the first time ever, ever.
Speaker 2 (06:22):
Ever.
Speaker 3 (06:24):
Yeah, interest rates went in the opposite direction by over
one hundred basis points.
Speaker 2 (06:33):
She says.
Speaker 3 (06:33):
The Trump administration can help by transferring or selling unused
federal property to local actors to increase supply. We should
avoid anything that risk raising housing prices, such as privatizing
Fanny May and Freddie Mack in a way that rewards
Wall Street while inflating the costs of barring. That's yes,
(06:54):
Fanny and Freddy is another great place where politicians and
members of politicians' families can get no show jobs. Oh yeah,
you may have that story. I did hear on the program.
It was body Flake, body, f body flank and his
gay lover.
Speaker 2 (07:12):
He got his gay lever.
Speaker 3 (07:13):
A job over with Fanny may make it a hundreds
of thousands of dollars. Yeah, we covered that here on
the program. Remember Franklin rains there buddies with Maxine Waters
drove that thing into the ground during the financial crisis. Fanny,
there's there's no need for Fanny, there's no need for
Freddy shut them down. Okay, okay, we should continue, She says.
(07:37):
President Biden's popular fights against junk fees, corporate consolidation, and
price gouging.
Speaker 2 (07:45):
What junk fees? Junk fees?
Speaker 3 (07:48):
Yeah, like, uh, I don't know charging people a fee,
I mean, I'm sorry. You know, if you bounce a check,
there should be no repercussions for that.
Speaker 2 (08:02):
At all.
Speaker 3 (08:03):
I mean, certain banks have certain ways where they cover
it for a period of time. Again, I don't like
ridiculous fees either. But again, you can go out there
and you can you can search for a bank that's
going to do the right thing by you. Corporate consolidation, again,
I don't know what you're talking about. You're talking about
(08:25):
those efforts by Lena Khan that failed here, there, and everywhere.
Why don't you stay out of that business? A lot
of mergers don't work out. Let the free market decide.
Price gouging another one of the most ridiculous things I've
ever heard of in my entire life. Yeah, yeah, yeah,
the companies are getting together and their price scouging.
Speaker 2 (08:44):
Ah Ye again, here's one.
Speaker 3 (08:49):
Here's one where I disagreed with Donald Trump. She says,
mister Trump won up Democrats by proposing to cap credit
card rates at ten. I'll work with Republicans to make
it happen. That's not going to happen. It's not gonna
(09:11):
happen because the public will have a collective freakout. Okay,
public will have a collective freakout when all of a
sudden their credit cards are getting canceled here, there, and everywhere.
The reason why, the reason why a credit card company
charges twenty plus percent on these rates is because it's
(09:35):
a non recourse loan. Again, this is someone that's on
you know, one of the top top person on the
Senate Banking Committee that doesn't understand risk and pricing risk.
This is again, this is dangerous. She's dangerously stupid. Okay,
(09:55):
And again, you know, is she really stupid or is
this by it? I don't know if they listen. Okay,
if a bank out there could put out a credit card,
put out a credit card and it would basically take
the business of every other credit card company out there.
(10:16):
Every credit card company out there, they said, oh you listen,
we're going to have ten percent interest rates. Everybody else
is twenty plus percent. Who wouldn't do it. It's not
sustainable unless you're only dealing with people that are super
high credit pay their bills every single month. Anyway, if
(10:39):
the President elect is serious about protecting consumers, he should
support the Consumer Financial Protection Bureaus work to lower costs.
The CFPB needs to be shut down. It's unconstitutional. Yeah,
she said that the bureau has returned more than twenty
billion the customers who were cheated by credit card companies
and financial institutions.
Speaker 2 (11:02):
Whatever. You believe that.
Speaker 3 (11:04):
To believe that, no, now again, I watch this stuff
in this money that's not returned to customers. These are fines,
more often than not, arbitrary that these big companies pay
because the government again acts like Don Finucci and Godfather too.
They need to wet their beak up. You know what
(11:25):
will settle, will settle to shut these people in Washington
DC up. We must advance economic and national security. Our
committee has key responsibilities over export control, sanctions, trade policy,
corporate transparency, domestic supply chains and other levers to support
our economic security and at home, and promote our values abroad.
(11:49):
I'll support the Trump administration if he uses these tools responsibly.
That includes helping American industry grow and preventing terrorists from
exploiting our financial system, not doing favors for corporate lobbyists
or countries that don't share our values. Oh, give me
a break. Stop, stop, Liz, Liz Yakman. You know, go sell,
(12:13):
Go sell stupid somewhere else, Go sell crazy somewhere else,
all stocked up over here. Okay, give me a break.
We must that our financial system serves families and the
real economy, the real economy as opposed to the fake economy.
(12:35):
I don't know what she means by that community lenders
must provide the majority of loans to the small businesses
that power our economy. Why do you think we don't
have many small banks and community lenders out there? You
do know that we lost over three hundred banks during
the financial crisis and the after effects, and many of
(12:56):
those banks, quite frankly, were shut down because they couldn't
afford to deal with the regulatory costs. You made this happen.
Speaker 2 (13:05):
You made this.
Speaker 3 (13:06):
Happen, all right, Small lenners are getting swallowed up by
the two big to fail banks.
Speaker 2 (13:10):
You did that.
Speaker 3 (13:11):
Your regulations allow for too big to fail goes again.
Get you the BS coming out of your mouth. This
consolidation stifles competition and access to credit. Meanwhile, private equity
raiders continue to hollow out businesses and communities by buying
up everything from grocery stores to hospitals, again killing competition.
Speaker 2 (13:32):
She's not wrong there, but you did it.
Speaker 3 (13:36):
You did we go all go, all the way back,
all the way back. You guys, both Democrats and Republicans
repealed Glass Steegel had the whole dot Com crap up,
the and Ron all that stuff.
Speaker 2 (13:49):
Oh what do we get? What do we get?
Speaker 3 (13:52):
Another ridiculous piece of legislation that messed with Wall Street,
Sarbanes Oxley.
Speaker 2 (13:58):
What do we get after that?
Speaker 3 (13:59):
God, Frank, I mean one piece of garbage legislation after another.
The reason why too Big to Fail exists is because
of you and your ilk Republicans too. It's regulations. Risk
is building in the system. Two big to fail banks
are quietly taking on riskier investments. The shadowy private credit
(14:22):
market has loaded up on highly leveraged loans. After ways
of catastrophic losses, the insurance industry faces a reckoning that even.
Speaker 2 (14:30):
Climate change deniers can't ignore. Oh yeah, right, sure, Oh
my god.
Speaker 3 (14:43):
Again she's got other policies here the Recoup Act, which
redruits incentives for risk taking by clawing back compensation from
bank executives who got big paychecks while their banks failed. Again,
holding bank regulators accountable with their solution of bank failures.
Yeah right, yeah, you know you guys cut deals Silicon
(15:05):
Valley Bank. Hey, there's some big donors there. You got
to take care of that. Other banks fail not so much.
Again Here she goes where again again? Remember you know
that tiger didn't go crazy, That tiger went tiger, She says, Yes,
we should simplify financial regulations. Republicans are right that regulatory
(15:25):
complexity can drive up costs and hurt smaller companies that
don't have armies of lobbyists. Simpler structure rules such as
Glasstel would eliminate a mountain of paperwork and end the
need for regulators to intrude into businesses. Clearer rules would
create more transparency and give Americans across the country simpler
access to public markets. Again, if you believe, okay, you
(15:48):
believe that Elizabeth Warren wants to go back to glass steel,
I'm sorry, sorry again. Regulations regulation, whether it be the
regulatory code, whether it be you know, the crap that
the acronym agencies are thrown out, whether it be the
(16:08):
tax code. All of the burdens that are put on we,
the taxpayers here in this country is what gives individuals
like Elizabeth Warren and her ILK power the ability to
create complicated loopholes, carve outs and giveaways to people who
cut a check. If you haven't figured that out yet,
(16:31):
and if you haven't figured out that again, both sides
play this game. Something wrong with you. You call it regulatory
Capture's a myriad of the different things you can call it.
I just like to call it the Watchdog and Wall
Street access of evil. Big business politicians and the media
work in hand to hand, hand in hand to further
their own needs. Watchdog on Wallstreet dot com
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