GBaghdaddy » July 19th, 2013, 9:50 am •
CNBC pulls video of Elizabeth Warren smacking down anchor over Glass-Steagall
7/19/2013 7:00am by John Aravosis 3
Earlier this week, Democratic Senator Elizabeth Warren (D-MA) went on CNBC last Friday to debate the Glass-Steagall banking regulations that were adopted in 1933, and her proposal to update and strengthen the law in a way that would likely force the big banks to spin off some of their business and stop being so damn big.
As you can imagine, CNBC is no fan of Glass Steagall, regulating banks, or Elizabeth Warren.
During her appearance on CNBC, Warren basically kicked ass, the video went viral, with over 700,000 views in a matter of days, so CNBC pulled it.
And where did CNBC pull the video from? They filed a complaint with YouTube and had the video yanked from the Senator’s official YouTube account – but only after it had accumulated over 700,000 views in a matter of days.
Read More Link on Right
Apparently, the buzz over Warren’s appearance got so great, that CNBC anchor Jim Cramer had to try to shoot it down on Twitter (h/t to HuffPo for that point):
Yeah, Elizabeth Warren had so little impact that CNBC filed a complaint against the YouTube account of a United States Senator in order to get the no-impact video pulled.
Here’s a quick transcript of the best part
“ELIZABETH WARREN: From 1797 to 1933, the American banking system crashed about every 15 years. In 1933, we put good reforms in place, for which Glass-Steagall was the centerpiece, and from 1933 to the early 1980s, that’s a 50 year period, we didn’t have any of that – none. We kept the system steady and secure.
And it was only as we started deregulating, you start hitting the S&L crisis, and what did we do? We deregulated some more. And then you hit long-term capital management at the end of the 90s, and what did we do as a country, this country continued to deregulate more. And then we hit the big crash in 2008.
You are not going to defend the proposition that regulation can never work, it did work.
CNBC’s BRIAN SULLIVAN: I didn’t say regulation never worked, Senator. By far and away, and I agree, there were fewer bank failures in that time after Glass-Steagall.
ELIZABETH WARREN: “Fewer,” as in of the big ones, zero.”
Damn she is good.
[Lvn42day] I liked what SAG said last night about a single moment in time when we will no longer experience life as it is now. We are traveling, maybe slower than we want to; but we are moving in the right direction and when we reach that singularity……everything will change.
beudful1] Robertprofessor Some other gurus are being really negative, I still want to believe the UN announcement, have you heard more?
[Robertprofessor] beudful1 I’m convinced the announcement was made at the UN. After that, I don’t know what has developed. What wango1 is saying is probably the most reliable recent information.
[shatterstar] IMO— We got that post from Okie on Wednesday evening saying procedures were initiated. Yesterday, we get news of the UN annoucement. Today all the representatives of the CBI Banks are in Moscow. We know that Iraq made up a holiday for some undisclosed reason..
[shatterstar] G20 Summit is in Moscow right now..
[GJHHonor] mrs.) J. Lew is there also shatterstar correct? I read that yesterday and wondered why he was there thanks
[shatterstar] WE do know that the Glass Seagall Act is supposed to be reviewed in the House today as well. And we know that they performed crazy cyber security tests yesterday as well. These are things that we can see. These are things that we can prove, even though we don’t know the substance.. more coming
[shatterstar] So the UN put iraq under those sanctions in the first place, so It would be logical that they review it and make sure that progress is being made in the light of all the civil unrest… It also COULD mean that the countries are wondering why this hasn’t happened yet.
[shatterstar] And then they responded by sayin that the RV has happened/happening as we speak. We wont know until they make the report public but I don’t they will do that until it is time to go to the bank. COuld you imagine if they put this on the news right now. Everybody would be at the bank buying dinar..
[tatortot] shatterstar I wish we knew in what context that comment was made!
[shatterstar] tatortot me too.
[shatterstar] But my Yellow School Bus analysis is that… There was definitely some time period given that they had to get this done. We dont how much time was given. We are definitely close. I am thinking that it will be a few days just because not everything is in place, but can be within 48hrs
[shatterstar] So we hurry up an wait some more. But this thing is getting out of hand. They are bombing the mosques in Iraq now. And its Ramadan. So the citizens are mad, the countries involved are anxious, so we i think we are good. Somebody and soon will push the button
[shatterstar] You know what would be interesting? if they made up another holiday like the heatwave thing fo Sunday… Now that would be downright obvious IMO
Maryrose] shatterstar didn’t they say the computers were down because of the heat this past week?? I laughed
[TexasMom] Maryrose they are accustomed to 125 degree weather there. C’mon with the horse hockey lol
[pastored] were are the computor outside in the sun lol
[shatterstar] Maryrose yep eventhough they are inside with air conditioning because of computer equipment
[Maryrose] TexasMom that’s why I laughed
[bama] regarding the UN announcement or not, according to the UN Journal for yesterday, they had 17 -18 meetings of various groups and committees. The only way to know if the announcement happened is to have somone in the 1 meeting where it took place. The only way to know it did not happen is to have had someone in all the meetings that can refute the story
[Papa Bear] GM DINAR FAMILY
[cajunrebel7] Papabear: What’s up Big guy? Good Morning, Glad you are here! Peeps about to walk the plank!
[Papa Bear] IMHO could take 3 0r 4 days IMHO
[Papa Bear] No walking plank on this faith trip.LOL
[canadagoose] Papa Bear Angels whispered in my ear for this next week. That was the 16th.
[abbababy] Papa Bear HI Have a blessed day. Thank you for coming in I will catch your post later. I really do appreciate seeing you here in chat. You’re a Gem.
[Papa Bear] abbababy Good to see you
[owl] Papa Bear Papa Bear dunno how to ask this correctly, but are you and the peeps behind the curtain finding this reported ‘UN RV announcement’ to be a “milestone, same as ch7 in significance?
[Papa Bear] owl Milestone but dont ask me about Glass- Stegall
[highhopes] highhopes] What do we know this week ? Okie, Jester, Tony and others say GCR could happen anytime. ISX and Iraq banks closed because of heat yesterday…lol, Big tests yesterday in US to test financial systems. Banks are working overtime and expecting us any minute to start calling for apts.
[Papa Bear] highhopes We DO????
[oxglove] Papa Bear not sure if I understand what you posted…are you saying it could take 3 or 4 days for things to materialize and for us to see it done?
[Papa Bear] oxglove Yep never put all your hopes in any one day but never give up on a day either. Suddenly Gods blessing you ask for through prayer will arrive
[cheeny] Papa Bear Glass Stegall is a good thing right? Was GB correct
Papa Bear- cheeny YES
[cheeny] Papa Bear Well it matters to me what you believe as I think and feel that you are well informed and very wise.