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Welcome to episode seven million of our popular series, "Elizabeth Warren Gets Righteous On A Douchebag." The schmuck in the hot seat this time around is one Leonard Chanin, who during the George W. Bush administration was Deputy Director of the Division of Consumer and Community Affairs at the Federal Reserve Board. His office was one of several agencies that had the authority to regulate the speculative markets in subprime loans, but instead blithely sat back and watched that market and the economy burst into thermonuclear flames.

Chanin was ostensibly at Tuesday's hearing of the Senate Banking Committee to testify about how regulation of consumer finances is a terrible thing for both consumers and banks, because as the Republicans who run the committee know, all regulation is bad. Elizabeth Warren wasn't about to have a bit of that nonsense, and tore into Chanin.

Of all the people who might be called on to advise Congress about how to weigh the costs and benefits of consumer regulations, I am surprised that my Republican colleagues would choose a witness who might have one of the worst track records in history on this issue.

She treated the committee to a little history lesson, noting Chanin's role in letting the 2008 financial meltdown develop. Let's be honest here: her real audience wasn't the never-regulate-anything dolts on the committee, but the tens of thousands (so far) of people who'll watch this on YouTube.

Chanin, Warren pointed out, “helped lead the Federal Reserve division that refused to regulate deceptive mortgages — including the subprime lending that helped spark the crisis.” Warren noted that the bipartisan Financial Crisis Inquiry Commission called Chanin’s lack of oversight while at the Federal Reserve a “pivotal failure” and the “prime example” of the kind of hands-off regulatory approach that allowed the crisis to happen.

“You did essentially nothing,” Warren told Chanin, who has since left the Federal Reserve to work for a private law firm advising big banks. “Now, your failure had devastating consequences.” Chanin was brought forth by Republicans to argue against regulations like those imposed by Dodd-Frank.

Warren had no plans to go along with that agenda, thank you very much, and rejected the very idea that Chanin is any sort of expert at all:

So when you talk now about how certain regulations are too costly or too difficult to comply with, you sound a lot like you did before the 2008 crisis when you failed to act. So my question is, given your track record at the Fed, why should anyone take you seriously now?

Senator Feistypants reminds us why we love her in this video. When Chanin tries to get away with a whopper, claiming there was "simply no data presented to the Fed on a statistical basis that suggested that there was a meltdown in the mortgage market in 2005 or 2006,” Warren is clearly incensed that even after multiple investigations have found his office responsible for ignoring the signs of impending collapse in the subprime bubble, he's still claiming it was a complete surprise to everyone:

Warren: I’m sorry, are you saying there were no data in the lead up to the financial crash that showed the increasing default rates on subprime mortgages and what they were doing to communities across America? Did you have your eyes stitched closed?

Chanin: There was anecdotal evidence to be sure, but there was no hard data --

Warren: I'm not talking anecdotal. Are you telling me you never saw any data about the increases in mortgage foreclosure rates before the crash in 2008? Is that what you're saying here?

Chanin: No hard data was presented to the Fed until the crisis erupted

Warren: Oh my god.

Warren listed several investigators and officials, including the Financial Crisis Inquiry Commission and former Fed chair Alan Greenspan, who said Chanin's office and his inaction had driven the collapse, pointing at him and saying "That was you."

If you are still defending your time at the Fed, and saying you had no information about a problem that was emerging, then frankly, that raises even more questions about your judgment.

We enjoyed watching Chanin squirm. So will you. Watch this video again and again. It's much better than Cats.

[Salon]

Doktor Zoom

Doktor Zoom's real name is Marty Kelley, and he lives in the wilds of Boise, Idaho. He is not a medical doctor, but does have a real PhD in Rhetoric. You should definitely donate some money to this little mommyblog where he has finally found acceptance and cat pictures. He is on maternity leave until 2033. Here is his Twitter, also. His quest to avoid prolixity is not going so great.

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Once upon a time... about ten years ago, a group of entirely ridiculous men burst onto the scene wearing stupid hats and telling men that wearing stupid hats and telling men that walking up to women in bars and insulting ("negging") them would get them laid. This did not last long, as women also had televisions and computers and were completely aware of these tricks as well, so when some ass came up to us in a bar and said "Hey, nice nails, are they real?" we would laugh and laugh and loudly announce "Oh my god, this guy just tried to neg me! Can you believe that shit? HEY EVERYONE, THIS GUY JUST TRIED TO NEG ME!" and then refer to him as "Mystery" the whole night.

Most of the men who tried that shit only did so a few times before realizing that it wasn't going to work, and thus moved on to other things. Perhaps things that did not involve furry hats and coming off as a huge creep. We may never know, because I would assume that those who tried it are now extremely embarrassed and would never, ever admit to this to us.

Still, there were a few men willing to eat that shit up, as well as some grifters willing to take advantage of that. Said grifters tended to be extremely misogynistic and seemed more like they were teaching men how to be as despised by women as they were than teaching them how to actually be liked by women.

Some of them, like Roosh V, a creepy weirdo who actually does live in his mom's basement, actively encouraged men to rape women who were intoxicated to the point of being obviously unable to consent.

However, even that branch of the PUA tree is wilting away. Many "self-help" style PUA forums like Nextasf and RSDnation are shutting down or have already shut down. In March, Chateau Heartiste, a batshit crazy PUA turned White Nationalist/Alt-Right blog was shut down by Wordpress. This week, rape advocate Roosh V (whom you may recall once called yours truly a "Wonkette typist/clown face, would not bang") announced that he was renouncing his PUA ways and devoting himself to Jesus. He explained to the forum he manages that he would no longer be allowing anyone to discuss premarital "fornication."

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'Baby Geniuses' star Jon Voight took to Twitter early this morning to proclaim his undying love for Donald Trump, probably because there is no one left in his life who will listen to him talk about this, or anything else, in person. In this video rant, Voight encouraged members of the Republican Party, whom he apparently thinks are the only real citizens of the United States, to stand by Donald Trump and "acknowledge the truth" that he is the best President since Abraham Lincoln.


Part ONE:

People of the Republican Party, I know you will agree with me when I say our president has our utmost respect and our love. This job is not easy. For he's battling the left and their absurd words of destruction. I've said this once and I'll say this again. That our nation has been built on the solid ground from our forefathers, and there is a moral code of duty that has been passed on from President Lincoln. I'm here today to acknowledge the truth, and I'm here today to tell you my fellow Americans that our country…

Oh no, not our absurd words of destruction!

Part DEUX:

is stronger, safer, and with more jobs because our President has made his every move correct. Don't be fooled by the political left, because we are the people of this nation that is witnessing triumph. So let us stand with our president. Let us stand up for this truth, that President Trump is the greatest president since President Lincoln.

Does Jon Voight not know there have been... other presidents? Can he name them? Because really, it does not sound like it. Does he also not know that a very big chunk of the Republican Party actually does not care very much for Abraham Lincoln? Namely those defenders of Confederate statues that Trump called "very fine people?" Also, did he intentionally diss their beloved Ronald Reagan?

Who can know? Who can even tell what he is trying to say or why he is trying to say it. He doesn't appear to have tweeted much since 2016, so I'm guessing whoever's job it was to keep him from tanking his career quit. Either that... or after filming the seventh season of Ray Donovan, he found out it's going to be canceled or his character is getting killed off or something and he is now free to be a jackass? I don't know, I haven't watched the show, although my parents are very into it and mad that I haven't watched it. Literally all I know about it is that it has something to do with Boston, because they keep mentioning that to me like it's a selling point.

It seems useless at this point to note that the people who scream their faces off about how bad it is for Hollywood celebs to support liberal causes, and how they should keep their politics to themselves, etc. etc. make a way bigger deal than normal people do whenever a Big Time Hollywood Celebrity like Jon Voight or, uh, Scott Baio, supports their cause. Mostly because they're the only ones who have elected a reality TV star and the star of Bedtime for Bonzo (who by the way, also once practically ruined a perfectly good Bette Davis movie with his bad acting. Which is not to say that Dark Victory is not fantastic and probably the best thing to watch if you want to sob your face off, but he was very bad in it.) to run the country.

But we might as well do that anyway, because it actually never stops being funny.

[Jon Voight Twitter]

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