Senator Warren Grills Fed Chair Powell on Bank Regulations
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- čas přidán 8. 07. 2024
- US Senator Elizabeth Warren, a Massachusetts Democrat, grills Federal Reserve Chair Jerome Powell about bank regulations during Powell's semiannual testimony before the US Senate Banking and Housing Committee.
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"I doubt that"
My man Powell clapping back LOL
He was 100% wrong
Clapback nothing, he was lying.
Useless politician performing
She is doing her job. She is a politician.
Banks don't have the best reputation
@royprovins7037 Warren only cares abt keeping her sit
Dog and pony show - she is useless. Talks a lot - executive pay??? Economy is going burn down soon and she wants to trim pay - idiot. She had a famous quote about how the people who broke our system in 2007 and had to be held responsible. NONE of them were EVER held accountable
I watched this live Senator Warren made several attempts to put words in Jerome Powell's mouth... Again... It's been 4 years of her doing this... She left immediately following.... and wasn't present prior to this...
She didn’t get her campaign contributions yet ? She needs another beer .
Finally, someone pushes him instead of licking his boots. These banks need to be reigned in.
He does work for the banks. That’s where she’s wrong
He works for Congress actually.
@@timx9661 The federal reserve is a consortium of banks and as federal as fedex. Powell is not elected by the people and the circus which claims before the public that the president has any say in picking the chairman is just smoke and mirrors. The banks could hike interest rates to 30 percent tomorrow if they wished to.
Technically he works for the bank's "bank"..
No
Isn't Pocahantas virtually always wrong ?
She is so emotional...
@@yr6178 she knows she's on camera
I am bit confused if sentator Warren is Progressive or Democrats, I know Sn Warren is tackling the Issue with SVB and Banking Sector. However if Banks takes risk its not your Warren problem, the real problem is cash flow of bank incase of run out on banks. This classic Democrat move implenting a policy that does not tackle the real issue and leaving its for imminent collapse.
Yes, 100% agree. She was trying to put blames on the Trump's Executive Orders allowing regional banks with asset below 250B, to bypass Dodd-Frank act. Well, if she wanted to create a new regulations for the banks, why don't ask the current administration to create one?
I don’t understand. What can the fed do here? Does she understand monetary policy?
Another blue state clown who sounds great, but gets nothing done.
She's doing everything she can, she's holding this person accountable. Now we need TO STOP ELECTING REPUBLICANS that protect these actual clowns.
@@ZaneofAustin Sorry, Pocahantas has always been a clown not producing anything for the last decade plus
Who voted for this woman actually?
I'll do it again, cause she's right and she will bring the fire to deal with the problem.
Get ready.
this was awesome finnaly someone to put powell in his place
How can she define "risk taking"? A bank takes risk by default. Also, why private banks, including the Fed, have obligations to take care of the public?? If she feels some bank practices jeopardize the public interest, it's the congress's job to regulate it.
Banks have turned into hedge funds. Wrong
Does Elizabeth Warren know how banks and the financial markets even work?
Do you?
She was visiting professor at Harvard Law school teaching bankruptcy law. Her line of questioning is aimed at how do you fix the incentive structure of CEO pays to discourage taking such a risk that would harm the economy and then need another taxpayer bail out. After 6 years what has been implemented by the bank regulators and do you Chair Powell see the desired effect?
Both are 999999x richer than I am, both have history I do not know and cannot vouch for. But I would appreciate a straight answer from Chair Powell.
Maybe he can straight up say enforcing any restrictions on CEO pay can make me very unpopular with my CEO friends.
Powell is absolutely horrible. That position should be ran by someone like Liz Warren or Katie Porter.
BRING BACK CHECKS & BALANCES! OR RISK DESTROYING EVERYTHING THAT WE STAND FOR!
Was thst a Demon to the right of her? ...
i think i. hate powell and warren equally.
This country was better when regulation was normal.
Love Jay Powell
He works for bankers not people
Fed is a private bank
I'm not a fan of Sen Warren -- but she's right on quite a few things -- and on almost everything related to banks
No, she really isn't. She cannot even quote Powell properly.
She isnt correct about anything. Even her ethnicity
@@nickvin7447 she is correct. You're bootlicking a banker.
Unlike Warren, whatever Powell say makes sense
Careful or he won’t cur rates anymore like Wall Street wanted it so badly
Can't even stand a few seconds of this video. This is post-menopause in action.
This is what makes US a great nation. You need check and balances. The administration just cannot do what it wants.
Cranky old bird.
Deny everything Jerome
John Deaton
What is this circus
It appears, Senator Warren is not a “ drinking buddy” with Chairman Powell , is she?
What she was saying that if banks executives risk a lot of money 💴 , and lose
they should be responsible for it and get their bonuses cut!
It make sense.
In normal circumstances, if employees are doing poorly then no bonuses
are required?
She is asking Chairman Powell to put in regulations to monitor
big bank executives bonuses and their risky assets return?
Basically, Senator Warren wants accountability, does she?
Powell has no idea what he's doing
She's not asking questions for Powell to answer - she's answering the questions she's asking of him herself. And her drama is out of control.
😮😮😮😮
So when is USA going back to the gold standard, so that the money can no longer be printed out of thin air and there is macro accountability
I guess never
OK Pocahantas
You can't even add 2 + 2 but you think you got the economy figured out cuz trump told you to use a racist name like pocahontas for Warren. Warren was a professor, at Harvard while you was cleaning urinal cakes at your local fast food restaurant.
Clowns😆🌚
Love Senator Warren… she is relentless in trying to do the right thing by the American People! 🙏🙏🙏
Does anyone even care what she says anymore?
I do
@@lserranov good luck
@@Sawubona2007 if you don't care why you even watching the video?
@@lserranov I'm in the minority of people that somewhat care
The Creature From Jekyll Island is a must read for anyone that wants to understand why we must....
END THE FED.
Jaja the clown show continues
idiots in the comments calling this performative or "blue state antics" are so dumb. We're ALL affected by reckless banks. She's doing the right thing right now. Regardless of ur politcial views, as a citizen you can praise this short clip.
I’m not for big banks but banks need the risky behavior in order to capture large profits. They need to be smart about the risk not stupid like SVB, but regardless risk on. If they are taking risk of course large bonuses will come. Who’s going to work hard af and take a lot of risk and not pay themselves more when it goes well…? That’s capitalism and it’s acceptable. But I get where she’s coming from.
No they don't. That's why they have regulation. People like Jerome Powell decide not to do his job and people support it.
Dude is on it 💪
Pocahontas at it again
Gosh Liz Warren has to go
Poor Liz. Hasn’t seen the ball since the kickoff. Repulsive hypocrite.
Ms karren has no clue where to connect the dots. Pulling question outa er bumm
I am for regulation, but her premise has no substance. Also, Powell is not the enemy.
This women is really a wasted life
Get corrupt Warren out of office in November. Support John Deaton!!!!