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The Boston Globe

Opinion

Joan Vennochi

Elizabeth Warren’s voice against Wall Street gets tuned out

One woman took the fall for Jamie Dimon, the CEO of JPMorgan Chase. Another woman — Elizabeth Warren, the Democrat running for US Senate in Massachusetts — is calling for him to resign from the NY Fed.

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Comments

ya know vennochi, the CREDIBILITY thing with warren is not something that you and or the globe can just tune out but you make a damn good case in this piece for elizabeth warren in her run for the senate. ma

Hey this is irrelevant. Brown - oh excuse me...Senator Sidelines - will win. He looks good and if you listen to his ads, he loves Boston sports and he loves kids! He's running FROM his record and he says nothing about controversial policy items. What else can YOU possibly want in a senator?

Warren is not an insider, she,s an outsider. She's an outsider to MA politics. Blue dog democrats don't like her right up to Tom Menino who doesn't support her and might even vote for Brown. They don't like the fact that good MA politicians have been swept aside to make room for her.

I can agree with part of your rant, Joan....the part where you put The Cherokee financial warrior in the same group as Spitzer the sex addict and Saunders the Socialist. Any credibility she had in academia has been lost to her personal exaggerations and exploitation of the "minority" issue. And frankly, your initial premise that "the boys" are scheming to steal and "the girls" are paying the price is worthless tripe. The female ex-VP was up to her hips in this trading extravaganza, and her gender did not stop her from being as stupid and/or greedy as any of the boys. Let's drop the "causes" of gender war and your distaste for Scott Brown (which is starting to look like reverse misogeny)and concentrate on the facts.

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Those big bus tires on President Obama's campaign bus have Liz pinned to the pavement. Those big campaign contributors on Wall Street and Banking (the rich guys we hate) have loaded it with gold. One more Democrat in the Senate? He can buy his way to another four years without her. Her wikepedia bio (my easy read source) could be used for a campaign ad. The Oklahoma dirt on her shoes, long ago washed away, remains as evidence that she is one tough little cookie (Mrs Pauls?). Don't blame the local politicos for not backing her. They march in lockstep with their macho demo leaders in D.C. It's the big guys and big bucks not her native American blood that trumps her smarts and desires to bring banks and Wall Street into some kind of honest business practices.

Her voice gets tuned out because you can't trust anything she says... I'm grew up poor (but drove a MG to high school) I'm for the consumer (except when I'm defending Insurance companies against asbestos liabilities) I claim I'm a minority when its to my benefit (but call you a racist if you ask about it in any other context). Oh, Granny.

The only people who have a right to be concerned about the JP Morgan loss are the shareholders of the company, who have a right to sell their shares if they do not like what the company is doing. It is NOT the business of the government to intercede on the transactions a company makes with its own funds. The type of micro management that Warren and other Democrats would like to see would remove all the capital from our capitalist system. It would be a disaster. The tax payers are not on the hook for the loss, so the government should butt out. It should not be punitive against Dimon either.

Voice of reason and clarity? Ms. Warren is a liar who used affirmative action to advance her own career.

The Big Boys on Wall Street want to have their cake and eat it, too. They shout "no micromanagement!" to keep Elizabeth Warren at bay, but succor to "big government" when it's time for bailout brought about by their reckless investments. One of the most disappointing aspects of President Obama's tenure, to date, has been his willingness to let this culture run rampant. I suspect he simply chose not to confront this issue during such a sensitive period of recovery; similar to his political calculation in not prosecuting Bush and Cheney for their torture-based war crimes.

Richmond-it's not micromanagement we need. We need macromanagement of the banks. What we have now is not good for society or the economy in general. Our banking system is corrupted and run by a bunch of money-hungry tools. Our baking system is unstable.Literally unstable. We'll be looking at more government bailouts again soon-mark my words. There's no place for disgruntled shareholders to go; all the Wall Street majors are doing it.

If the FBI is investigating possible criminal intent at JP Morgan, why doesn't Ms. Warren and others call for the FBI to investigate the loss of $500,000,000 at Solyndra and criminal intent at the White House? Isn't she always on the side of the little guy? So far, Dems like Warren are sticking with Obama. To suggest she stands above all others with her self righteous approach is utter garbage, facilitated by enablers at the Globe.

Three words to describe Professor Warren; liar, cheat and fraud. Her campaign is a joke.

You gotta love it - Warren whining about JPMorgan Chase - and - her (old) 'boss' claiming there is nothing the matter with the management of JPMorgan. Seriously, this President is waaaaaay out of touch. But we knew that before he was elected President. The sad thing there were too many first time voters who didn't do their homework - and thought it would be 'great' to elect an unknown, Black man. Although, after living in the White House as 'first lady' for 4 years and rubbing shoulders with the country's rich & famous, do you think Michelle is now proud of America?

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Great column, Joan! I read all other posts: off-point, slanted, false and mostly opinion. No validation. The sorry things are that these people vote, that they aren't courteous (or they would read posts and click links) and they have not historical background for their views. That means they focus on sound bites, non-issues and gossip without reliable information. This is the piece on Warren and Dimon. After listening/reading it, there should not be any question why "Wall St.'s Favorite Senator" is a name reserved soley for Scott Brown. And from the Herald, yet! http://www.bostonherald.com/news/us_politics/view.bg?articleid=1061131620&srvc=rss

I'm concerned that there is latent racism against Native Americans in both Rep and Dem refusal to listen properly to this sage voice of clarity.

There will certainly be some people out there who need a primer on Elizabeth Warren. This is the best. Brown supporters will have trouble reading it because when finished, Scott Brown will more closely resemble Good Ol' Charlie Brown as Lucy taunts him on his first four hoop misses: http://www.vanityfair.com/politics/features/2011/11/elizabeth-warren-201111 And this is why she does not head the Consumer Panel which she created. Talk about NON-PARTISAN! Bipartisan, as a Brown concept, is over-rated and misapplied. Nonpartisan is Elizabeth Warren's approach when the common good is at stake: http://www.huffingtonpost.com/2010/07/15/tim-geithner-opposes-nomi_n_647691.html I'm leaving all the two-bit Brown issues alone. I could fill the screen with them, but I don't think anyone would care and rightly so. That's why they are called non-issues.

Is Dimon really "a rare high-profile Democrat in an industry dominated by low-tax, free-market Republicans." I don't think so. Let's have a few names, Politico. How about the sleaziest of them all, Bernie Madoff. Not only a Democrat, but a big-time contributor to Democrats.

Just what this County needs balance -

The sick puppies of the Mass electorate are having their day. Independent voters should tune into the tone of Sen Brown's constituency and see they are not bipartisan nor, in fact, civil. If this is whom Sen Brown feels he is representing he has a lot of explaining to do. Maybe he will show up at some public back and forth to clarify if his supporters here are his kind of people. Anyone who reads the biography of Elizabeth Warren realizes how trite and trumped up this charge about her Native American heritage is. Wikipedia might be a start. After reading her accomplishments it will become clear that she used no edge other than her own merits to get where she is. It will not convince the diehard reactionary crowd but it might enlighten voters who want to get a clearer view of Prof Elizabeth Warren's past life. After all those who embrace the status quo or even a more distant past have no real grounds to whine like they do, so their next gambit is ad hominem attacks. Expanding personal security and citizen choices is just not their bailiwick. They rely on that a person's fortune is the luck of the draw. They have no notion that giving fellow citizens a chance to prosper is beneficial also to themselves. Maybe a quote from Thomas Paine will help: "the strength of one man is so unequal to his wants, and his mind so unfitted for perpetual solitude, that he is soon obliged to seek assistance and relief of another, who in his turn requires the same."

Warren is also the 'fake Native American'. She has no moral high ground and if we accept the fact that she is as smart as you say she is, then she is a fake, phony and fraud, because nobody that smart uses family dinner conversation and 'high cheekbones', to go out and OFFICIALLY (in employment/employee documents) claim Native American heritage. As for the lady that resigned from JP, she was mentored by Dimon and he held off as long as possible before he had to let he go. PS She was the executive in charge!! But I really do appreciate the objectivity in your column and I especially liked the NY Times reference, 'the girl is gone, but the boys knew what she was doing'. Ah yes, the NY Times, that pillar of objectivity, the two papers do belong together!!!!!!!!

Only a complete sap believes any Dem is anti-Wall Street. The Dems are the party of choice for fat cats. Look who threw a fund raiser for Obama: the head of Blackstone, a gang which makes Bain look like the Little Sisters of the Poor.

The funniest part of this is, of course, listening to the rightwing morons who are so pleased to ridicule Elizabeth Warren although she is one of the few voices around who aggressively advocates for the average working person and is willing to take on the banks and financial manipulators. But these Republican toadies who are so abysmally ignorant prefer to celebrate the attacks on her ancestry and visualize themselves as "on the team" with Little Scotty Brown. Meanwhile, Brown is stuffing Wall Street cash in his pockets at an astounding rate and working to do his 1% masters' bidding. And these same wingnut cheerleaders will wonder what happened when the likes of Scott Brown and his puppetmasters walk off into a golden sunset, pockets full of cash, laughing at the dummies who did their dirty work for them only to discover they most definitely were "not on thee team" when it came to divvying up the spoils. So laugh, suckers, laugh....just don't come around whining when you're left out in the cold hoping for some of those good, old trickle-down crumbs.

Joan, I rarely agree with you, but you nailed this one. It is SOOOOOOOO obvious that we the people, left & right, are getting the shaft on Wall Street "reforms".