Elizabeth Warren Destroys Janet Yellen Over JPMorgan's 'Living Will'
ฝัง
- เผยแพร่เมื่อ 20 ต.ค. 2024
- Chair of the Federal Reserve, Janet Yellen gave a tepid thumbs-up to the economic recovery while expressing disappointment and caution in the housing market, pledging to remain vigilant over asset bubbles. Yellen expressed confidence in her oversight of the 'mega banks' and was satisfied with their liquidity and liquidity requirements. To Warren's dismay, Yellen believes the fed has a firm grasp on oversight in the area of these financial firms.
However, some of the questioning got a bit more granular, as Democrat Senator from the State of Massachusetts, Elizabeth Warren questioned Yellen on whether ultra-large financial institutions ('too big to fail) remained a threat to the economy. She pointed out that JPMorgan Chase, for instance, has 3,391 subsidiaries - more than three times the number of Lehman Brothers when it ultimately collapsed and was not saved in the 2008 financial crisis.
Ladies and gentlemen: the Lioness of the Senate.
Elizabeth Warren is the only breath of fresh air I find in the Senate. She's a great example of what
we so terribly need in our government, but with our voters, that will never happen here.
Bernie Sanders should run as her VP only because he's old
Never happen? She is a U.S. Senator. She is in our government right now.
Andrew Palmer I'm assuming he's talking about the Presidency.
Andrew Palmer
How many of our elected representatives are willing to step on the toes of the Wall Street banks?
sojutime
All I can tell you is that the toughest elected representatives we have are in government already. ;)
Janet Yellin does not appear to give a shit about her job
+Linda Taylor I believe she's using the old "be so boring that shit turns to daisies" trick.
She's just a Rothschild puppet, like everyone else in the Fed
Immaculate Oh here we go. The old "Rothschild" conspiracy. Please just stop, you're embarrassing yourself.
I love Elizabeth Warren.
Vincent Benjamin , me too!
Do you still love her?
I am in love with Elizabeth Warren. Do not tell her husband lol
Better not even think of it🤣🤣🤣🤣
This is why E. Warren should be a leader of the U.S.
Why is this unbelievably smart, articulate and conscientious woman not rung to be president of the United States? She is not just the best female candidate she is the best candidate...period! Democrats, draft her at the convention! She'd win November in a walk.
+ckom0007 Goldman sach told the democrats if warren runs for president they will get no money. So we have sanders instead.
never happen ,she will be a bigger thorn in clintons arse than she is in trumps
If americans don't elect people like Warren and Sanders they deserve a Trump.
+Eckendenker Sanders and Warren would make a great ticket but would take her out of the Senate where she is valuable. Unless they could get another progressive Democrat like her to fill her shoes. Secondly, if Sanders does not get the nomination, I would rather have Trump than Clinton and I don't really want Trump but he would be better than Clinton.
Truth^^^^
+Eckendenker hear hear!!!
+Eckendenker god forbid that the yanks elect someone with a brain in their head. The people want what the people the get. You are right, they deserve Trumpph and the idiocy that comes with it.
+Mike Ikeda With all the election fraud it is highly unlikely..next president has already been chosen. it is an illusion that you have a choice
If she ever runs for president I'll vote for her in a heartbeat
Dana Br cool. Make a donation
Dingdingding, here's your chance. We need your vote!
Sticking with that?
Dana Br idiot she’s a woman 🤣
Have you?
Umm... did the chair at the end give a wink and a "way to go" nod to the Fed Chair after that pathetic display of incompetence and admission of failure? Either you're doing the job and following the law or you're not. I don't give a fuck whether or not the poor little banks have a tough job to do. It's not your job to break the law to give them room to continually stonewall you with bogus plans and reports, which is exactly what's happening. Observe the law or get out. Jesus Christ. Is our system really this fucked?
jpkjnn In a word, yes.
jpkjnn where? i missed it!
jpkjnn I thought he did too!
jpkjnn I was torn between interpreting it that way, or as a less than stellar attempt to smile and be polite to the incredibly vacuous woman with the vague and slimy replies.
GuinnevereB Good point.
Wow.... Janet Yellen comes off as an actual simpleton. She's in charge of the Federal Reserve? She sounds like a receptionist delivering a message she doesn't really understand.
Yellen has to kiss up to the Rothschilds-Morgan's and Rockefellers-keep the family together and keep the citizens quiet! The Fed is a fraud against the american people..it always has been. A few honest presidents have tried to kill it but the Rothschilds alone are worth an estimated 500 Trillion dollars.. the own all the international banks..the world bank..the Imf and most of Europe. Warren is delightfully brilliant and would make a great president!!
She graduated Yale and was referred to as one of the brightest students of Joseph Stiglitz and James Tobin, two Nobel laureates. So yeah, she isn't a simpleton.
How could they tell she was bright? She may be smart, but you can't tell it from listening to her.
+Brian M -- Yellen? She sounds like an idiot.
jfrsnjhnsn 😂😂
My friend works for JP Morgan. His bonus was $3 Million. That's an annual bonus. These folks are crooks.
Depends on what he produced/sold for the firm. He could be undervalued/underpaid.
Man I hope sanders selects her for his running mate.. Can you imagine sanders/warren ... They would destroy anybody they went against
Elizabeth Warren. I simply love this woman. Determined, succinct. She has the ability to ascertain whats relevant and she always seems to get there.
EXACTLY what I love about her also. So precise and sharp ... but here, also giving tipps to Ms. Yellen shows a kind nature
This is the warren we love, the kind that the Wall Street fears, not the kind that endorses Hillary
but wouldn't you rather her be there alongside hillary than not at all?
+Madeline Tyler she hated Hillary, and now it just looks like that she's a sellout
+Seani Wu fair enough
She just hates Trump more.
Trump won't bribe her like Hillary
Epic financial meltdown T minus 2 years, get ready! Have a good look at Yellen, does she look like a financial genius? Or a Grandma who fell asleep on the couch and burnt a batch of cookies?
+FavStaR69 what's really worrisome is how Warren goes out of her way after the hearing to be palsy with Yellen.
Business as usual. When will the next collapse occur? Thank you Elizabeth for standing up to the money.
Having just read some of the other comments, I've discovered that a number of biased commenters
do not like smart, attractive, and unbelievably able women who are superior to them. The woods are
full of these trolls.
thank you for saying that. It's amazing how many people just hate people who are brighter and better informed than themselves--- I wish there were more like Elizabeth Warren in government.
ahahahahaha love it!
Except they're not superior... lol they just worked the cranks up the corporate ladder :D
McTrollenstein If you don't find Senator Warren superior, you have some screws loose.
She is not a corporate looser, but a breath of fresh air.
Malcolm MacLeod You sound like a religious zealot as to how you describe her. By law (and not always followed faithfully), everyone in this country is equal, which is what I also believe in. Just saying, by the size of how corrupt the government and banking sector is, I doubt one senator can fix it. That seems plain foolish and naive.
I wish that she would run for president. I dont know if she could win because she certainly wouldnt get the backing of wall street or the banks but if she did this country would have a much better future to look forward to.
I would LOVE to see the debate between Hillary Clinton and Elizabeth Warren.
Warren can tell tales about growing up in a teepee, and Hillary can tell tales about dodging sniper fire is Bosnia !
I would also like to see her run but it will never happen. She will not be allowed to run. The MSM will bury her like they did with Ron Paul. She is our only hope, which just shows how hopeless our situation truly is. She is the only politician I have ever liked, or backed.
Cissy2cute Our only real hope is Ted Cruz.
Warren is another tax and spend Democrat.
and that is how we got in this mess in the first place.
MetalDetroit Well, I belong to no party. But she is the first to truly stand up to these banking crooks and also make her fellow politicians squirm. She means what she says and is not putting on any anger; it's real. In truth, IMO the whole system needs to be scrapped at this point as it is nothing but filled with corruption, greed and, of course, nothing but rich people. :(
We actually opened the door for people to sue predatory lenders back in 2006. I wouldn't be surprised if our case had crossed her desk at some point. And it turned out to be a settlement rather than going to court. Our lawyers got almost as much as we did, which was nowhere near enough to replace the house that was stolen from us. That is why she makes me feel proud when she puts pressure on the banking industry and the ludicrous bailout.
MetalDetroit Ted Cruz?????? OMG are you clueless. He is a lunatic who wants to make christianity our "national religion" by law as well as get rid of the EPA, minimum wages and give corporations freedom to do anything they want. We didnt get into anything by "tax and spend" who did that? The mess started with Nixon and continued with Reagan and GW Bush put the nail in the coffin. Republicans destroyed the economy so you need to get your facts in order dude. Cruz looks like Frank Burns from MASH and is hated by his own party. If the republican'ts hate someone in their own party you KNOW they are batshit crazy!
I think Bernie should take her as Vice President
+Matt Adler Everybody thinks Bernie should take her as Vice President
+fame rain Oooh I didnt even think of her, either way Bernies choices for VP will be very short, pretty much everyones bought. The real fight will be when he gets into office, we need to keep supporting him because congress will do everything in its power to gridlock him in trying to make changes so we will have to be holding conventions in washington during his term
+Matt Adler Fuck that. She should be president!
+Alistair Bowen-Davies Dude Bernie supporters originaly wanted her to Run. But Bernie is the one most beholden to her ideas so we now support him.
Matt Adler first and formost, Bernie should be president 2016. And then Liz Warren as his Vice. But Warren 2020!
Elizabeth could have summed this up with three sentences: "It's a pass-fail grade. Did they pass? Then they can do the world a favor and fail quicker."
Liz Warren is good taking[[
Janet Yellen makes me sick (talking around the bush) and love Elizabeth Warren (she should be president).
what an amazing woman/lady in how she works and works quietly and stays assertive without ever a Put down and even goes and makes time after questioning to demonstrate that this is about policies and procedures and the law not about the person whom she is questioning - I hope for the sake of Americans God will help preserve her to become the first ever Woman President of the greatest nation on earth
Sen. Elizabeth Warren...I love her ,she tells you the way it is !
The moderator's wink at the end says it all.
Warren: The law says every year banks must say how they could be dissolved without a bailout or national crisis and the Fed pronounces their plan adequate or inadequate..
Yellen: I thought the law was that each year each bank sends 10,000 pages that nobody intends to read and the Fed doesn't approve or disapprove but provides 'feedback' e.g. "thanks!."
It would be amazing if she were our first female president.
I pity those people who face interogation by Elizabeth Warren
hahaha i know she's scary smart and articulate.
So intelligent and quick. That's a Harvard Law student for ya!
actually, a Harvard Law Professor. she was a student elsewhere, at Rutgers
Elizabeth Warren has a better grasp on the reality of our countries problems and needs than anyone else in Congress! She says she doesn't want to run for president (at least that was the case during this years election), I hope she will reconsider and be a candidate in 2020!
"That was a very nice public spanking you gave me."
"Why thank you very much. Lets go out for some coffee. Shall we?"
minute 7:57
One of the rare individuals who stands up for the citizens and not the corporations.
How the hell do people like Yellen have a job?!?!?!
When you have $ to pay people off, and possibly have a lot of connections. corruption my friend.
suvariboy They're rich and often, to be honest - white. Questions?
They know somebody.
she's extraordinarily qualified en.wikipedia.org/wiki/Janet_Yellen
Tenacious, focused, educated, dedicated to the people, cunning, tactful, I could go on. Elizabeth Warren is what this country needs.
This is what happens when the foxes guard the hen house. This was published in July, 2014. Has anything been done about this since then? Hear the crickets?
I've watched this vid a few times now and its become clear to me that this is just theatre and nothing more and they are all colluding.Notice how at the the end the
Chair gives Yellen the old nudge,nudge wink,wink. Anyone who thinks that Warren is a heroin in waiting is clearly delusional ,which would account for at least 60% of American voters.
fully agree, at least one person who sees this. You can even see Warren going back to yellen after it all, as in: "sorry i had to put you through this, you can continue to fraud now."
For such a lioness of the Senate...watch until the VERY end of this video. Watch how she saddles up to Janet Yellen with cozy and warm smiles and laughs! UGH.
I had no idea JPM had become so large.
Right. That's why they have so many subsidiaries; to hide it.
very funny you didnt realize that all the wallstreet banks were getting that big i guess when you deposited money into your bank you also didnt realize that its no longer your money but belong s to the bank and that they can invest your money in the market and lose it and be givin back that money?????
paulywaulyify
and thats just your deposits at the bank how about your car insurance payments same same thing so how do you think these people are getting so big ???? not to mention when they over inflate a stock the cost of its products goes up OH and what about if your joe schmo who wants to buy stocks to retire on well becaus e they took your money and inflated the stock you must then pay the over inflated cost of the stock
We're looking at a future where the banks aren't just To Big To Fail, but in a few years they will be To Big To Fail. Even the USA will not be able to save them the next time.
theyll save them every time as long as congress lets the federal reserve hold all the cards
You know it is getting really bad when Warren is the one making more sense.
Janet Yellen. I would like to thank you for your testimony which said nothing of how you're meeting your responsibilities as the guardian of the United States of America's financial system. Going around in circles wouldn't be so easy for these cronies if there was more than one rep (i.e. Elizabeth Warren) putting these people to task. At this point, financial institutions are looking more and more like monarchies. And we all know how most of those ended…
I am sure I missed the point, but I was impressed with E. Warren until she finished her speech. Then went over to J. Yellen who said absolutely nothing in her reply. It appeared as though Warren was apologising for going so hard on her. So what will be the outcome........ nothing!
Wow. She's smart and politically savvy. She made sure afterwards to go over and shake her hand for awhile. Meantime, the photographers were taking pictures. It was obvious at the end that Yellen just wanted to get out of there. She also stood so that the photographer couldn't get her face. The photographer had to move to get a better angle.
Liz Warren is the only Democrat I will vote for in 2016
Feedback? Janet Yellen, the gvt is not supposed to give FEEDBACK.
Its supposed to lead a country away from total meltdown economically.
Profits are mady by banks by producing complex financial packages.
+Inez Karkabe i agree. i got sick of that pointless, educationaleze bulshit term 'feedback.' It means absolutely nothing, and so criminals and obfuscaters like yellen and the rest love to use it.
ir means governments of the UN countries US and Canada, at least, are representing banks, corporations and military industry aside from Big Pharma, in the race to never ending production and profit. Thats why grass roots movements and people like Warren and Sanders are of vital importance, meaning they MUST succeed politically to work toward their aims. But faith in the government, in big daddy seems to linger on.
I am a hard right conservative, but I think Elizabeth Warren knows finance, and makes a lot of sense in that area!
Gotta love the nice wink from Mr. Johnson to Yellen at the end.. People.. Wake the FUCK UP. Happens @ 7:42
Ayn Rand was a nut case. And Senator Warren makes sense almost all the time.
what Elizabeth Warren did in the video is the reason why i support her!!!
there should be more like her in congress, in the courts and in the administration working for the people than those idiots working for gov't shutdown because they are racists and couldn't stand to have a black american president!!!
Because your black president is a criminal.
Afi James
Admit it, you don't like him because he is black.
C'mon, like: out of the closet.
Break 'em up.
warren seems all business no excuses type of lady :)
In my humble opinion, Elizabeth Warren is trustworthy because she makes uncomfortable questions that should be taken seriously and answered in a transparent manner.
Question: Who the fuck is Hillary Clinton?
Better question: Why does Hillary Clinton exist?
Rhetorical question: Why don't we automatically have Bernie and Warren as Pres and V.P?
It's always heartening to see Liz go after the powers that be, but the way government works these days, the solution the banks will see is "We're having a hard time meeting the regulations of Dodd-Frank, so let's just get rid of Dodd-Frank.". And they go to all the politicians they've bought (read: 99.99 percent of them) and get them to gut the regulations they can't or don't want to follow.
Good example of a non-answer from Yellen
One of the many landmark challenges from Sen Elizabeth Warren. As current today as it was
in 2014.
I am in love with this woman. Warren needs more limelight. If (by some miracle) media outlets gave her one tenth of the attention Sarah Palin got 6 years ago, maybe there would be bills that could affect real change passing, well, more realistically even just raising public awareness. But it's monumentally clear that even in a country where free speech is celebrated, the rich corporations run everything
So like Warren you are a Marxist?
There’s no honesty or justice in our government from what I see
How to not answer a question 101
PLEASE run for POTUS! Save our Country or at least make a level playing field!
Watch how Yellen and Warren interact once the hearing is adjourned.
Mike9201984 it's polite
And after all that, NOTHING IS DONE ABOUT IT.
Bernie's VP.....Elizabeth Warren!!!
People forget that she is a lawyer, that she is used to people trying to dodge the question......ahahahaha I am impressed that she never gets distracted!
pointless. A real waste of time.
Yellen said plans run tens of thousands of pages. Doesn't that say in itself that JP Morgan is too big? What a sham!
+Mike Ikeda JP Morgan uses an old trick to obfuscate by inundation. Pad, pad, pad so that no one can figure out what exactly the plans are, and so cannot say with certainty that they are adequate.
BERNIE SANDERS 2016 Wake up America, time is running out fast.
Wow, this actually surprised me. It doesn't mean she is a bitch for asking these questions.... but they are questions that need to be answered.
#BernieSanders2016
WealthyCommunist Have you ever heard the saying he doesn't know his ass from a hole in the ground. I put it to you that you don't even know what a Communist is if you think Bernie is one of them. Just another republican mole.
Victor Edmund Overbanks Victor today there is always a great chance you are right. The best we can do is vote for the best in the group that can get elected. All in the hope we are moving in the direction we want to see our country go. Sanders stands on the issues the same as he has done for years. The democratic party is scared shitless of him. The news media is quiet as a church mouse about how well he is doing. I believe what he professes is what is best for the times we are in and what I see coming. By 2030 47% of all the jobs we have now will be gone. I truly believe the capitalist system will fight any suitable solution to that job loss. They want to send them all off to war to kill them off end of problem.
+James Brown you keep fighting sir, I'm not giving up on our future either. for my future and my future children's future. Bernie 2016.
+Victor Edmund Overbanks His owners? His owners are the middle class and working families of this country. He takes no money from corporations, has stood by his principals for 35 years, and votes based on those principals, not on popularity. You have no evidence of these claims you are making. Bernie has 35 years worth of evidence of NOT being part of the establishment. You might not like his views, but this "controlled opposition" BS is tinfoil hat territory.
The Clintons have done more to promote the One Percent than the hole Republican party. Let's start with NAFTA then President Bill Clinton publicly declared "the Glass-Steagall law is no longer appropriate. Hows that for start? Who in their right mind would vote for more of that? I feel the bern!!!!!!!!!!!!!!!!
There are many things I don't agree with Warren on but I agree with her on this and she did a great job drilling Yellen
I like her
If it's too complex, they need to be broken up by the letter of the law. Thank you, Warren.
X Elizabeth Warren aka "the Terminator!"
*~Warren vs. Federal Reserve.~*
Now _that_ would deserve the title *"Breaking News!"*
Excellent 'dancer'! She is (yellen) so good at saying NOTHING!
That's why she has the job. Bull shitter isn't she and she thinks she's cleverer than everyone else
Definitly need more light bulbs......
warren does her homework BEFORE she enters court... and then some! phenomenal knowledge and very good mind. she would do well for the country if she went higher, say, like the oval office.
Actually she has no clue what she is talking about, and if you think she does, then neither do you
@@eval144 anyone who can have a banker sweating and stammering in public inquiry has her shit down pat.
troll, troll, troll yer boat...
I'm truly impressed by Sen, Warren and her expansive knowledge of the many areas on which I heard her speak. I, too, would support her for the position of U. S. President, but beware! Whomever I support never wins.
One point of disagreement as to one remark: There is no Jewish conspiracy on Wall Street, or in any other place on this earth. I thought that ridiculous idiocy had died when the Allies won WWII. Thank you for allowing me to share my thoughts.
Yellen has no idea what she is doing. And those that put her there like it that way. What a disgrace.
Why can't we have more senators and congress men where who are as passionate and intelligent as Elizabeth Warren. I hope she will run for president one day.
Warren and Bernie are the only hope left...
what about tulsa gubbard?
Senator Warren knows the answer of question she is asking, she comes prepare. I think she will be a great President
Fearless.
Never again. They should be in jail. Warren is a god.
What’s the 7:50 and onward about?
Warren is a goddess! Elizabeth Warren for President in 2016
the bailout has created a singular goal for banks: be too big to fail.
Warren for President! Way too soft and polite though.
Yellen is clearly not doing her damn job. Grossly incompetent.
She is so much smarter than anyone else that may be a presidential candidate. I hope she runs!!!!!
What a senator, does her homework... great woman.
Destroyed? At the end it looks like they're best buddies.
They are. The Progressives got the Federal Reserve through (Woodrow Wilson). A central bank is key for the progressives. They will lie their way around that subject ad infinitum.
Another job well done.
its pretty clear that Janet Yellen is out of her league here. She has no clue how to answer the questions. Why cant this happen to everyone in our government?
what has the board of the F.E.D. have in common? ,they are all jews.
If the statute says that the FED has to state whether the plans are adequate or not and the FED is not doing that why isn't the FED forced to do that or the chairman should be called to explain why they are refusing to follow the statute. This is against the law.
I'm a Canadian. This lady should be president!!!
did the Chairman just wink at Yellen ?!? what do I make out of a prosecutor who winks at me with a smile? :|
real good report.
10,000 s of pages for a plan? that seems incredible.
I love Elizabeth Warren Warren, she knows her business.
lets enjoy listening a senator which is rarely gentle, well informed and smart.I would love to cast my first vote for her as candidate of United states of America in 2016
Yelled looks like my late confused slightly demented aunt.
I think the only statement missing from EW was: "Please, do your job as pointed out in the statutory, or we will be forced to punish you in the courts."
Elizabeth Warren For President .