Tuesday, February 2, 2010

Elizabeth Warren Explains (Part of) the Financial Crisis So even 3rd Graders Can Understand

Elizabeth Warren video below, with Jon Stewart last week.  In it she explains the nexus of the financial problems we have from the banking point of view - at a level perhaps in a way that would not go over the head of Joe 6Pack.  Of course, banks were not the only culprit - "we" all were ... consumers, government, oligarchs - but the consumer is "fixing herself" in forceful nature (no other option) and the government is hopeless to fix.  So that leaves the oligarchs...

Can you imagine a Treasury Secretary with a pragmatic person such as this, who is not beholden to the top handful of financial institutions?  [Aug 13, 2009: The Parallel Reality: Nassim Taleb and Elizabeth Warren]

8 minute video - email readers will need to come to the site to view.

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