Senator Warren Grills Fed's Powell on Bank Runs
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- เผยแพร่เมื่อ 18 พ.ย. 2024
- US Senator Elizabeth Warren grills Federal Reserve Chair Jerome Powell about the regional bank runs earlier this year and the state of financial regulation during Powell's semiannual monetary report to the the Senate Banking Committee.
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No one will ever be responsible for anything.
The Queen of putting words in other people’s mouths.
Actually, he answered her question and said the Vice Chair had sole responsibility under the law, implying he was NOT going to take responsibility for SVB’s failure, but she cut him off, didn’t let him finish and interjected with “So you take full responsibility?!” when he just said the opposite. That is when he got snippy and said “I didn’t say that!” which is good for him IMO since she knew he didn’t say that and was playing this legal game that any judge in a court of law would admonish her for.
Are you stupid. Powell tried to dodge the question and said the vice chair is responsible for the supervision. Than Warren rightfully so asked him: so you take no responsibility? Which was in essence his reply to her previous question.
@andyboud39844:10
Warren speak with fork tongue
Congress created the FED and mandates that gov steal at least 2% from workers every year.
Recently Congress passed the 'Fiscal Responsibility Act' will allows gov to borrow unlimited amounts ($32T isn't to pay bills).
Wealth transfer from poor to rich must occur at a regular interval.
Most government spending actually transfers funds from poor to rich: Social Security, Medicare, Medicaid, VA benefits, and public employee pensions are all designed to provide healthcare and income to people who are earning less income.
$26 billion for rescue is peanut......and who's responsible for the $32T of debt the US government accumulate........Ms Warren
I agree. Ms Warrenn is the worst of all
No, Donald Trump is significantly to blame as 25% of our debt was accrued in his presidency for big tax cuts for the wealthy & corporations. And that’s a proveable FACT.
let's vote sen Karen out of the sente
Let's vote out Mitch McConnell for stacking the Supreme Corruption Court. Let's make sure Trump never gets elected again. Let's vote out Lindsey Gramham, Ted Cruz, Rand Paul, Chuck Grassley, Marsha Blackburn, how about little miss Susan Collins who helped stack the Supreme court. How about the House? vote out Marjorie Traitor Green, Laura Boebert, GYMNASIUM JORDAN, Comer, Shall I go on?
Senator Warren is quite skilled in the art of partisan misrepresentation, maybe the best.
Right
@@SeekingAlfalfa They aren’t AS skilled as her at it, not that they aren’t also “good” at it.
Another Trump Crony helping the Rich, the bankers, and robbing the people. No accountability either. Way to go Republicans. POWELL is not even an Economist, for pete's sake.
These hearings are such a clown show. So many senators with zero economics knowledge sitting around a table asking stupid questions that wastes everybody's time.
Thank you Senator Elizabeth Warren.
The problem is that there are no consequences or accountability in this country
It's like legalized gambling....lol
No accountability for the RICH, and the GOP lackeys that do their bidding.
Bitcoin is the way.
It is time to pay the piper.
We have had near zero fed funds rate since 2008...it was supposed to be temporary
Enabled by creating excess money in the systems
It has enabled mal investment and low mortgages have enable people to bid up housing prices
Debt market is now unstable
At a certain point they will not be able to control is
Inflate house prices just to get taxes! Nobody buys a house very expensive...
What a grill!! Very powerful points made. Taking responsibility going forward, but what to do about the past? Really forces the consequence of Powell to self resign if he really admits to such a huge mistakes. Powell deregulated and Powell didn't raise rates sooner. He is to blame for our current situation.
But Ms Warren is the worst of all
@@mattia6058 why do you say that. I think she is terrific and can’t understand why you would think that especially in this circumstance.
@@aliciastanley5582 she’s actually not terrific at all, she is a master at her own propaganda. Do you notice how she didn’t ask Powell to respond for every allegation she made, she did that, because Powell probably would’ve had some good answers to it all. I’m not a fan necessarily of Powell, but I am certainly no fan of Warren .Deregulation needs to happen in all parts of government. There is way too much of it. That doesn’t mean you throw the baby out with the bathwater, but it does need to be overhauled.
what video were you watching?
@@rdc23210:35 she asked a question and he answered
She was screaming to break up the banks. Thanks to her policies the biggest banks survived and small ones failed. She complains about bonuses bankers receive whilst she commits insider trading on a regular basis amasing a fortune worth tens of millions.Yet points the finger at others. She complains and never provides a solution to the problem. She is such a hypocrite its ridiculous.
she introduced a bill to ban congress from trading, you clearly have 0 idea who she is, please shut up.
Ms Warrenn is the worst of all
@mattia6058 I don't understand why people would vote for her. Anyone with two braincells can see through her lies.
Please direct me to evidence that she commits insider trading and at the scale you claim because I think you are likely to just be a typical right winger who makes 💩up.
@@mattia6058 unsupported by any factual evidence, right?
I hate when people put words in other's mouth. Yes blame regulation, not the criminals, wtf..
Why pay for Broadway 😅
Debt inflation led to the failures when the Fed had to raise rates. Debt and spending.
At last someone pointing fingers in fhe right direction
What about Student Loans Ms Warren ?
"Learning from" is not an excuse to be stubborn in the face of obvious past mistakes. History has already shown unhinged QE does not work, and more so inflation-centric QT. A lot of people warned you about that months ago leading to the catastrophe but you did nothing. You play with people's means of living when you got too frivolous in your thirst for greed.
How does this women keep her seat? She gets paid by the banks! She talks out both sides of her mouth
That is a public ass kicking.
He deserves it! Trump put him there. He's not even an Economist.
Its a phony theatre ACT..Oh gullible one
All the while.........Never ever asking, WHERE DID THE MONEY GO ? lol SMOKE AND MIRRORS.
It's too late now. Horses are out of the Barn. It's been spent, shuttled, scuffled, etc. Bankers know that, and if they do know their not telling. This is how corrupt banking, Fed Reserve Chairman works.
What if we didn't have the FDIC, and the few banking protections we have now left over from the FDR Era?
What I wouldn't give to have FDR back!
Yea. Does she pay taxes
Pocahontas 🤠
I'm a conservative and I totally agree with pocahontas on this one.
CEOs should be put into jail!
Why?
Warren lawyered this encounter and also misrepresented the situation. The Fed's examiners were not "asleep at the wheel." They recognized the problem, warned Silicon Valley Bank and Silicon Valley Bank did nothing. The primary fault here is with SVB. Yes, the examiners should've been more forceful, but they were watchful.
The unproductive encounter could've focused on the specific changes need to avoid bank failures in the future. Instead, Warren continued to grind the axe that she didn't support Powell and how right she was. In public life, if you have to work with someone you don't like, that's how it is. Work with them.
damn!
Warren is my favorite US Senator and I don't even live in Massachusetts.
"Grills"? Which 15yo wrote that headline? Thats so cringe
Not a fan of her politics, but she did well in this questioning. Powell is just very good at dancing around questions which is pretty frustrating.
If he’s done all she said- and he did not deny any of it- this guy should be canned.
She hardly question anything, she threw out accusations after accusations, and did not ask Powell specifically on any of the allegations. This senator is just about grandstanding, while swindling out Americans with her insider trading.
I think he’s very good at responding to someone who is trying to play politics in a non political manner
Warren speak with fork tongue
Bravo Warren!!!!
Warren speak with fork tongue
Amazing woman😊
She is the worst of all
Love Senator Warren, so direct..
Do you also ❤ all the Inflation she helped cause by voting for ALL the Inflationary Policies & Spending 💰 of the last 2 years, also causing Real Wages to Decline for 27 Months Straight. She's the arsonist, yet, blaming the Chief Fireman for the damage. It's preposterous. Ignorance is Bliss unless you account for Inflation, then it's actually costing US more than a months worth of additional earnings just to cover the difference since Democrats took office in 2020. CAPISH? It's Inhumane, Shameful & Cruel in my humble opinion.
Pocohontas NOT direct....Pocohontas speak with fork tongue !!!
Ok.
We do need significant changes starting with
Nancy Pelosi
We need to make her an example .
We need changes with politicians and 1%
They have all the say and no contributions other than money and how they want things
We the people will suffer
Makes me wonder why we still haven't fought on paying taxes
The people need massive reduction
The fact you mention Nancy Pelosi and then not McConnell or any GOP leadership really weakens your point. This isn’t a “Democrat” issue
@@michaeltoma9329 it kind of is d3m issue. This current administration has printed, more money in the history of the country, and now the only way to combat that is to raise interest rates and stop printing money.
Changes? Paying Taxes? We'll change things by making Trump unable to run again, after he's indicted and then convicted. Your Taxes, he did. But, not for you. 2017 ring a bell? He gave 7.6 Trillion Dollars worth to the wealthy! Unfunded. The national debt went up by 7.6 Trillon dollars. More than any president in a 4 year period. And, now you're paying more taxes than ever thanks to Trump.
Well, dude wouldn't have to raise rates if they didn't print all that money that Liz wanted 🤷🏻♂
thực hiện chương trình hành động phủ. Xanh lục địa châu phi với 10 tỷ USD đi kèm với công tác bảo vệ rừng...
epic.