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MSNBC All In With Chris Hayes November 19, 2021 01:53:00

But saule omarova had to sit and field the same questions. after more than six minutes of that ridiculousness, senator elizabeth warren stepped in and decided to put an end to it. professor omarova, i know the giant banks object you keeping our systems safe and you may cut into big bank profits. so they and their republican buddies have declared war on you. the attacks on your nomination have been vicious and personal. we ve just seen them. sexism, racism, pages straight out of joe mccarthy s 1950s red scare tactics all on full display. welcome to washington in 2021. now, one claim is that you intend to nationalize is banking system. let s get this nonsense out of the way. does the occ have the power to end private banking and to move all consumer deposits to a public ledger? absolutely not. if the occ did have that power, is that something you ....

Elizabeth Warren , Professor Omarova , Bank Profits , Red Scare Tactics , Crazy Joe Mccarthy , Welcome To Washington , Banking System , Consumer Deposits ,

MSNBC All In With Chris Hayes November 19, 2021 01:56:00

She wants to come to the united states. she comes to the united states. she studies at an american collect while she s here, the soviet union collapses and she gets to stay and build a life here. she is a well-respected academic, not someone who sought the limelight. she has just worked through how she believes banking regulation should be run for the american people, not for the big banks, and that s how she ends up in this crazy joe mccarthy meets trumpism in the senate banking hearing. as you know, i mean, to your point here, i mean, this is cover essentially for interests that don t want to be regulated. rebecca tracer wrote a profile of her. noting this, in the early ....

Soviet Union , Banking Regulation , Crazy Joe Mccarthy , Rebecca Tracer , Banking Hearing , Dont Want ,

MSNBC All In With Chris Hayes November 19, 2021 08:53:00

Buddies, have declared war on you. the attacks on your nomination have been vicious and personal. we ve just seen them. sexism, racism, pages straight out of joe mccarthy s red scare tactic, it is all they are on full display. welcome to washington in 2021. now one claim is that you intend to nationalize the banking system. so let s just get this nonsense out of the way. does the sec have the power to and private banking, and move all consumer deposits to a public ledger. absolutely not. if the fcc did have that putt were, is that something that you support. absolutely not. and are you a capitalist who believes in free markets. yes i am. and senator elizabeth warren democrat of massachusetts, member of the banking housing i ve got to say, i ve watched a lot of absurd stuff. on the capitol hill. that was one of the most cringe inducing, embarrassing performances i ve seen in a ....

Red Scare Tactic , Crazy Joe Mccarthy , Banking System , Welcome To Washington , Elizabeth Warren , Consumer Deposits , Banking Housing , Capitol Hill ,

MSNBC All In With Chris Hayes November 19, 2021 08:56:00

People, not for the big banks, and that s how she ends up in this crazy joe mccarthy meets trumpism in the senate banking hearing. and as you know, to your point here, this is cover, essential, for interest don t want to be regulated. rebecca chaser wrote a great profile of professor saule omarova, i was in new york magazine, it made this point. these are obscure positions, most people don t the wheel with this, the icc, in the early audits, they became notorious to making a also tried to big banks, as regulator whose looser rules would supersede stricter state regulations. the bank jpmorgan which would use to charter took federal charters over state once. so, because there are all these different entities that regulate banks, there can be a kind of race to the bottom effect that this happens. and this is a really important, ....

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