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The Consumer Financial Protection Bureau: like installing a stop sign at the location of a FIRE crash 30+ years in the making ...
Runtime: 7min.
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Re: Elizabeth Warren discusses the Consumer Financial Protection Bureau - Sept. 17, 2010 (7min.)
Its 30 years too late, america has been gutted.
Whats funny in the video is warren is advocating families to stop/limit borrowing to what they can pay for. On the other hand the the administration/congress/leaders want people and businesses to borrow to somehow save the economy. -
Re: Elizabeth Warren - just another Big Government Hack?
Please check out this article where Elizabeth Warren is recommending the development of Government Paying for Student Loan Debt for time served in Public service and the Government picking up Healthcare Debt.
Debt does Not vanish from the system because of 'good works done by recent College grads' and 'Healthcare cost don't drop if the Government starts picking up the tab. Is there an Econ Course I can take that explains 'How to make Debt Disappear by working for the Peace Corps'?
Educational Debt or Health Cost Debt transferred to the Government - the Citizen is still on the hook - the Feds are just forcing the Debt on everyone instead of the person who incurred the debt. More debt is bad whether it is bad for with Credit Card , a HELOC, or is transferred to the Federal Government.
"A college loan program that would let all students borrow the full costs of four years of college and repay by taking up four years of service in the military, the Peace Corps, Teach for America, or other public service would let young people launch their lives without the overhang of debt. Universal health insurance would make it safer to start a business and more profitable to run one. A Financial Product Safety Commission that would curb abusive lending practices would make borrowing to buy a home or to finance a new idea safer and more predictable. The opportunity infrastructure can be woven from many different pieces."
Full article: http://www.democracyjournal.org/arti...t2=3000&page=2Comment
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