The Debt Crusader

Elizabeth Warren has the right idea about what makes our economy strong, and that is the middle class. Her idea for a Financial Product Safety Commission modeled after the Consumer Product Safety Commission seems just common sense after all the unscrupulous behavior we've seen from our financial institutions.

We are bailing out the insurer AIG at 180 billion dollars because of the last administation.8 years of failure to take on these issues.These banks have been given 100's of billions to pay for failed leadership in America.Sending platinum cards @ 29% apr to animals or anything that breathes is a crime.Predatory lending has to be stopped and corporate welfare .We have to stop the corporate welfare nation that was Bush/Cheney.Taxpayers have had enough of criminal behavior!.

Interesting that you should quote Todd Zywicki -- the man who was kicked off the Dartmouth College Board of Trustees by his fellow Trustees -- including his fellow right-wing write-in candidates voting against him -- for public misconduct.

What would happen if we declared a Jubilee for debitors and start all over again with a clean slate and new regulation; not more de-regulation?

Warren's theory may have some basis for success but politicians hands must be kept off of it. They are sure to ruin anything that looks like it will work. I do however disagree with her on the point of not saving the banks and instead families in crisis. Without the bank bailout 350 billion by Bush, the banking system would've collapsed and families would have lost their life savings, finances and likely unemployment would have soared to the 20% level or higher. I can't help but commnet on the Bush basher below. Fannie and Freddie were propped up by Barney Frank, Chris Dodd, Hillary Clinton, John Kerry, Ted Kennedy and on and on the list of democrats go. In 2002 then again in 2003 GWB tried to regulate both these institutions and was shotdown by the dems (See New York Times 09-11-03) In 2005, Mc Cain said their collapse was coming if they did not regulate them. Again the democrats shot the GOP down. As late as June of 2008 Barney Frank (Who gay lover is a big wig in one or the other) said Fannie and Freddie were on solid financial ground. See his video on Youtube and O Reilly. So to blame Bush is an outright lie, the dems were neck deep in the sewage they themselves spewed and then blamed on Bush. Bush actually did very little de-regulation during his tenure and efforts to regulate were blocked by the dems. They seem to have a short memory but the Bush bashing is getting old. If de-regulation was the cause then look to Bill Clinton no one even comes close to the amount of de-regulation he did as president.

I/ve always felt that the typical home mortgage is nothing more than loan sharking. Why not allow the home buyer greater equity, sooner. The home owner would use this equity better then the lenders, as shown by the Fanny and Freddie debacle

This is the difference between the Obama and Bush administration. Bush's was headed by an unremarkable student and consequently appointments were made to second-rate professionals, dubious scholars and oxymoron scientists. Thence the result was a spectacular failure of the presidency, economy and regression in education and sciences. Obama is a known top class mind and his administration and Congress are now appointing real scholars and Nobel winning scientists.

Her book All Your Worth is a wonderful read for people trying to plan their budget. She makes sense when she talks. That should scare the bejesus out of the lobbyists.