Tuesday, 23 September 2008

Marcy Kaptur (D-OH): "Real reform now or nothing!"

Must see.

She rips Wall Street a new one.


OkieLawyer said...

Bravo! Hear! Hear!

OkieLawyer said...

Was the subprime fiasco a deliberate fraud?

dd said...

here's her website/contact. Support her!

dd said...

Bad link above. Good link:

Fred said...

Remember that Marcy was the one who couldn't tell the difference between Paulson and Bernanke. She finally had Bernanke identifying himself as the CEO of the Princeton economics department.

Anonymous said...

Someone who is representing us.
What a blessing to hear her words, truth in an age of perpetuating lies.

Anonymous said...

Finally someone says it like it is. Maybe she has a computer and reads economic blogs on the internet. How refreshing. Thanks, dd, I'm straight off to that link to register my support.

Anonymous said...

I agree with her opposition to a bailout, and particularly rushed legislation, but her praise at about 2:30 into the speech of the FDR-era banking regulations "that served us so well for 70 years" need to be toned WAY down.

The new banking regs are part of the problem:

1. Created patchwork system that allowed regulatory arbitrage
2. Established Fannie Mae
3. Saw another 7 years of Great Depression (1932-1939), as well as Penn Central, Continental Illinois, and S&L crises
4. Included Glass-Steagall, which has been discredited now that there are no more investment banks, only universal banks. (Which business model can survive?)

dearieme said...

Put aside some of the inaccuracy and naivety, it was still pretty good stuff and surprisingly (for this foreigner) non-partisan. Come on, O, dump Biden and hire this lass.