Posts Tagged ‘elizabeth warren’

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Charlie Munger: Finance Out of Control

Posted by admin on Saturday, June 4, 2016

Charlie Munger, vice-chair Berkshire Hathaway, Money Quote saying as a Republican, there are few other things he can agree with Elizabeth Warren on – except current state of banking is risky and dangerous. Charlie Munger said:
 
Elizabeth Warren doesn't agree with me on many subjects, and I wouldn't agree with her on many subjects, but she is basically right when she says that American finance is out of control and that it isn't good for the rest of us Quote
 

“Elizabeth Warren doesn’t agree with me on many subjects, and I wouldn’t agree with her on many subjects, but she is basically right when she says that American finance is out of control and that it isn’t good for the rest of us” — Charlie Munger

 

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In this quote, Charlie Munger is agreeing with Elizabeth Warren’s assessment that the American financial system has become excessive and unbalanced in a way that negatively impacts most citizens.

While Munger and Warren likely disagree on specific policies or solutions, Munger acknowledges that Warren’s broader point about the financial industry having too much influence and power at the expense of ordinary Americans is valid.

By saying she is “basically right” on this issue, Munger seems to be conceding that the interests of large financial institutions have come to dominate in a way that is unhealthy for society and the overall economy.

Elizabeth Warren: Trump A Money Grubber

Posted by admin on Friday, May 27, 2016

Elizabeth Warren Money Quote saying Donald Trump has a few problems in her estimation – mostly greedy self-interest. Elizabeth Warren said:
 
A man who cares about no one but himself. A small, insecure money-grubber who doesn’t care who gets hurt, so long as he makes some money off it. What kind of man does that? Quote
 

“A man who cares about no one but himself. A small, insecure money-grubber who doesn’t care who gets hurt, so long as he makes some money off it. What kind of man does that?” — Elizabeth Warren

 

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In this quote, Elizabeth Warren is harshly criticizing Donald Trump. Some key points:

  • She describes the person as a “man who cares about no one but himself”, implying selfishness and lack of concern for others.
  • Warren further calls him a “small, insecure money-grubber”, suggesting greed and pettiness as motivating factors.
  • She asserts he is willing to hurt people as long as he profits personally, showing a disregard for the harm caused by his actions.
  • By asking “What kind of man does that?”, Warren appears to be portraying this person as unethical, lacking in morals or principles beyond making money.

Overall, the tone is one of strong condemnation, with Warren characterizing this individual in an extremely negative light as someone who puts personal financial gain above all other concerns, even if it means hurting others.

Elizabeth Warren: Banks Broke Economy

Posted by admin on Monday, February 29, 2016

Elizabeth Warren Money Quote saying Academy Awards shorted #TheBigShort but it still shows the way Wall Street banks caused the financial crisis. Elizabeth Warren said:
 
And no Best Picture award, but 'The Big Short' made clear we will not forget that Wall Street broke our economy Quote
 

“And no Best Picture award, but ‘The Big Short’ made clear we will not forget that Wall Street broke our economy” — Elizabeth Warren

 

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In this quote, Elizabeth Warren is praising the movie “The Big Short” for raising awareness about the role of Wall Street in the financial crisis of 2007-2008 that led to the Great Recession.

While the movie did not win an Academy Award for Best Picture, Warren feels it did an effective job of explaining how risky and unregulated practices on Wall Street helped “break our economy.”

The quote suggests Warren believes the movie will help ensure people do not forget the role of the financial sector in causing severe economic problems.

Elizabeth Warren: Country a Private Club?

Posted by admin on Friday, February 5, 2016

Elizabeth Warren Money Quotation saying wealthy win big if we elect anyone unwilling to take on the billionaires who run the country now. Elizabeth Warren said:
 
Anyone who shrugs and claims that change is just too hard has crawled into bed with the billionaires who want to run this country like some private club Quote
 

“Anyone who shrugs and claims that change is just too hard has crawled into bed with the billionaires who want to run this country like some private club” — Elizabeth Warren

 

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In this quote, Elizabeth Warren is criticizing those who are unwilling to fight for political and economic change. She argues that claiming change is too difficult effectively means siding with billionaires and large corporations who want to maintain the status quo that benefits them.

Warren is suggesting that failing to push for reforms that curb the influence of money in politics and reduce economic inequality means allowing the wealthy to continue dominating policymaking as if the government was a “private club” just for them, rather than an institution meant to serve all citizens.

Elizabeth Warren: 32 Outspent 3.7 Million

Posted by admin on Monday, February 1, 2016

In 2012 about 3.7 million Americans gave modest donations under $200 to President Obama and Mitt Romney. Those donations add up to three hundred and thirteen million dollars. In the same election 32 people gave monster donations to super PACs. 32 people spent slightly more on the 2012 elections than the 3.7 million people who sent modest dollar donations to their preferred presidential candidate

 
When 32 people can outspend 3.7 million citizens it's pretty obvious that democracy is in real danger Quote
 

“When 32 people can outspend 3.7 million citizens it’s pretty obvious that democracy is in real danger” — Elizabeth Warren

 

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In this quote, Elizabeth Warren is criticizing the influence of large political donations on democracy. She argues that when a small number of donors (32 people in this case) can outspend millions of ordinary citizens, it shows that wealthy special interests have too much sway over the political process.

Warren is suggesting that this imbalance of political influence poses a real threat to the principles of democracy, which are meant to give equal representation and consideration to all citizens regardless of wealth or social status. The quote expresses Warren’s view that campaign finance laws need reform to curb the disproportionate influence of large donations from a tiny fraction of the population.

Elizabeth Warren: Block Bankruptcy Exit

Posted by admin on Sunday, January 17, 2016

Elizabeth Warren Money Quotation saying banks extended loans to those in financial straights to charge higher rates and fees than they could afford, while avoiding bankruptcy. Elizabeth Warren said:
 
The bankers ... strategy emerged: Target families who were already in a little trouble, lend them more money, get them entangled in high fees and astronomical interest rates, and then block the doors  to the bankruptcy exit if they really got in over their heads Quote
 

“The bankers … strategy emerged: Target families who were already in a little trouble, lend them more money, get them entangled in high fees and astronomical interest rates, and then block the doors to the bankruptcy exit if they really got in over their heads” — Elizabeth Warren

 

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In this quote, Elizabeth Warren is criticizing predatory lending practices by banks that targeted families in financial difficulty. She says the bankers’ strategy was to lend more money to people already in a little trouble, knowing they would get trapped paying high fees and interest rates.

Warren argues that if those families truly got into deeper debt over their heads, the banks would then block them from being able to declare bankruptcy as a way to escape or reduce their debts – keeping them under the thumb of the banks and in long-term debt.

The quote portrays Warren’s view that some banking practices took advantage of vulnerable families in crisis rather than helping them get out of financial trouble.

Elizabeth Warren: Trickle-down Politics

Posted by admin on Wednesday, November 18, 2015

Senator Elizabeth Warren Money Quotation saying trickle-down theory was intended to enrich the wealthy further and attack the middle-class via politics. Elizabeth Warren said:
 
Trickle-down was nothing more than the politics of helping the rich-and-powerful get richer and more powerful, and it cut the legs out from under America’s middle class Quote
 

“Trickle-down was nothing more than the politics of helping the rich-and-powerful get richer and more powerful, and it cut the legs out from under America’s middle class” — Elizabeth Warren

 

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In this quote, Elizabeth Warren is criticizing “trickle-down economics” policies that aim to stimulate the economy by giving tax breaks and other financial benefits primarily to large corporations and the wealthy. She argues that rather than helping the broader economy or middle class, such policies have mainly benefited the rich and powerful by making them richer and more powerful.

Warren asserts that trickle-down economics has significantly weakened the middle class in America by reducing support and opportunities for ordinary working families and individuals. The quote portrays Warren’s view that trickle-down was a failed approach that primarily served elite interests rather than strengthening the overall economy from the middle-out as its proponents claimed it would.

Trickle-Down-Economics.png
 

Elizabeth Warren: Get a Shot at Doing Great

Posted by admin on Tuesday, November 17, 2015

Elizabeth Warren Money Quote saying trickle-down economics was a political ploy to enrich big companies and already wealthy. Elizabeth Warren said:
 
The trickle-down experiment that began in the Reagan years failed America's middle class.  Sure, the rich are doing great.  Giant corporations are doing great.  Lobbyists are doing great.  But we need an economy where everyone else who works hard gets a shot at doing great! Quote
 

“The trickle-down experiment that began in the Reagan years failed America’s middle class. Sure, the rich are doing great. Giant corporations are doing great. Lobbyists are doing great. But we need an economy where everyone else who works hard gets a shot at doing great!” — Elizabeth Warren

 

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Elizabeth Warren is criticizing trickle-down economics, which is the theory that tax breaks and benefits for corporations and the wealthy will trickle down to benefit the broader economy and population.

Trickle-down economics suggests that tax breaks and other economic benefits for large corporations and the wealthy will benefit everyone as the benefits “trickle down” through the economy.

Warren argues that this approach has failed the American middle class. While the rich and large companies have done well, ordinary working Americans who work hard have not all had a fair chance to achieve economic success.

She is advocating for an alternative economic system where the rules are not stacked against average working people, and where hard work is more likely to lead to a good life and economic security for more Americans.

Trickle Down Economics
 

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