Elizabeth Warren

[GuyWhiteyCorngood]

What do you think?

[HALLGATOR]

"Too big for trial?" Good question.

[oaklandroadie]

We don't have to take her seriously until she shows up in war paint.

[hbgator]

She is just showing her minority roots!

To listen to her run for office, You would think she was born on an Indian Reservation.

[diehardgator1]

just another ding bat

[GuyWhiteyCorngood]

Originally Posted by HALLGATOR

"Too big for trial?" Good question.

I agree this is a good question...more important than her minority roots.

[brainstorm]

I really liked her approach. Simple. Direct. She was very clear with her question and insisted on a direct answer. I use this method at work all the time. It cuts (or exposes) the BS.

[northgagator]

Originally Posted by brainstorm

I really liked her approach. Simple. Direct. She was very clear with her question and insisted on a direct answer. I use this method at work all the time. It cuts (or exposes) the BS.

Agree with you Brain. I used that approach a lot at work too. It knocks people off balance and exposes people.

The only problem is that you can be accused of using intimidation.

[g8trjax]

She is grandstanding. The notion that our govt has any moral high ground was erased long ago.

[gatorman_07732]

Color me impressed.....seriously......really......honestly
She is 100% spot on when she said they are unmanageable, not that that's rocket science

[Juggernautz]

Originally Posted by brainstorm

I really liked her approach. Simple. Direct. She was very clear with her question and insisted on a direct answer. I use this method at work all the time. It cuts (or exposes) the BS.

Will have to agree with you on this one.

[GatorAbe7]

As a Conservative, color me impressed with this Dem. You go Warren, it's about time some of these banking untouchables were cornered.

[busigator96]

She was exposing lenders well before running for office. I first learned about her in the movie "Maxed Out".

[GatorAbe7]

Originally Posted by busigator96

She was exposing lenders well before running for office. I first learned about her in the movie "Maxed Out".

Same here.

Does anyone else here know more about Warren? In other words, does her functionality as a Democrat go very far beyond her regulatory plans for the banks?

[chemgator]

Originally Posted by GatorAbe7

Same here.

Does anyone else here know more about Warren? In other words, does her functionality as a Democrat go very far beyond her regulatory plans for the banks?

She is out to protect the consumer against the big bad corporations. So much so that she is willing to double the size of gov't, if need be, to protect the dumbest of consumers from anything that could be described as "predatory ______ practices" (insert "lending" or "credit card"). Example: adjustable rate mortgages are predatory lending practices, if some idiot decides to get one and can't pay it back.

[fredsanford]

Originally Posted by chemgator

She is out to protect the consumer against the big bad corporations. So much so that she is willing to double the size of gov't, if need be, to protect the dumbest of consumers from anything that could be described as "predatory ______ practices" (insert "lending" or "credit card"). Example: adjustable rate mortgages are predatory lending practices, if some idiot decides to get one and can't pay it back.

Yes, lenders have no obligations to be responsible. Only applicants.

[MichiGator2002]

Taking out a mortgage for which you have no means and possibly only wild optimism rather than an actual intention of paying it back... why isn't that called "predatory borrowing"?

The only thing I have experienced or witnessed I could conceive of as "predatory lending" was the practice of sending preapproved signature cards to 18 year old credit ghosts.

[fredsanford]

Originally Posted by MichiGator2002

Taking out a mortgage for which you have no means and possibly only wild optimism rather than an actual intention of paying it back... why isn't that called "predatory borrowing"?

The only thing I have experienced or witnessed I could conceive of as "predatory lending" was the practice of sending preapproved signature cards to 18 year old credit ghosts.

So the mortgage lenders who told people to leave their income levels blank or to inflate them bear no responsibility? Or the banks that rubber stamped them?

[HALLGATOR]

Originally Posted by chemgator

She is out to protect the consumer against the big bad corporations. So much so that she is willing to double the size of gov't, if need be, to protect the dumbest of consumers from anything that could be described as "predatory ______ practices" (insert "lending" or "credit card"). Example: adjustable rate mortgages are predatory lending practices, if some idiot decides to get one and can't pay it back.

I don't think they are predatory by nature but the can be made that way when glossed over by unscrupulous people whose only intent is to close a deal. I know from experience how the insurance companies taught agents to gloss over guaranteed rates in favor of current rates when the Universal Life policies come out and they were pushing people to convert their old whole life policies. These practices led to people losing their coverage later on due a drastic increase in premiums needed to keep them going which came about when interest rates started falling. Companies are not any more above board than the people running them and when driven by profits nefarious dealings are far from uncommon practices.

[gatorman_07732]

Originally Posted by fredsanford

So the mortgage lenders who told people to leave their income levels blank or to inflate them bear no responsibility? Or the banks that rubber stamped them?

What banks specifically did that? I've taken out numerous mortgages (10+) from 1997 - 2008 and have never once witnessed that.