Elizabeth Warren Interviewed By Bill Maher On Credit Card Legislation, Usury (VIDEO)

TARP watchdog Elizabeth Warren sat down for an interview with Bill Maher on last night's episode of "Real Time." One of the topics she and Maher discussed was the current credit card legislation and how usury has regained a place within our society. Warren stated that this is the reason we needed a credit card bill of rights, to prevent companies from arbitrarily raising interest rates and burying people in a mountain of debt. Maher took another angle, saying it proved that we really just don't treat each other very well.

Watch a clip of the interview below.

Comments

[OverIt]

Love Prof. Warren.

[gallimaufry03]

His "we don't treat each other very well" line was superb. I was trying to think back to a time when we did and I think it wasn't too long ago. I remember when neighbors were nicer to each other. We didn't have road rage. Kids weren't in their rooms playing video games but outside running around in reasonably predatory-free communities.

Then we got the Wall Street "greed is good" speech that defined the moment when we crossed over to the dark side. Thank you Oliver Stone. What should have been a cautionary tale was misread as a guiding philosophy on how to make a buck (or a billion).

I really REALLY liked this interview. This woman needs to be everywhere giving her insights.

[MuchMadness]

Of course people aren't basically good. Who thought they were?

[Mauiloa]

Dump Geithner at Sec Treasury and give the job to this very smart and common-sense oriented woman!

[Tyler-Durden]

HEAR-HEAR!

[mingjia]

The problem is twofold--lobbying, which should be banned; and as an extension of the first problem, utterly gutless, pussilanimous congressmen who sell out to big business REGULARLY. I think most of them are conservatives.

[gb slacker]

Unfortunately for your first argument, lobbying is constitutionally protected.

[Tyler-Durden]

this woman needs more exposure. she's the first person in govt. i've heard make sense in years, with regard to the economy.

[BoyInBOYCOTT]

Isn't it comforting to have articulate GROWN UPS running our government?

I was so tired of lying and stupid children, you felt you had to watch 24/7.

[BoyInBOYCOTT]

Ms. Warren did a really good job holding up her part of the interview, she impressed me.

[HST]

The whole "unraveling" since 1979 that Ms.Warren refers to needs to be raveled again.

[GreedOfPeoplecritic]

Please post a video clip of the entire Elizabeth Warren Interview with Bill Maher from the very begining. I think you are doing a disservice by not letting more people have the easy opportunity to listen to the time line of deregulation from the S & L scandal during the Reagan administration on forward to now. Otherwise most people won't go thru the trouble of viewing whole lenghly videos like that on of the Jon Stewart Daily Show Interview or the one on Squawk Box to get this very important time line of deregulation.

[lovethesinner]

I agree. The whole interview is needed for context. Elizabeth Warren should be given a prime time address to the nation. She's the only person who seems to truly understand what happened, and what we need to do to make sure it never happens again.

Elizabeth Warren: my choice for Economic Educator-In-Chief.

[tb92]

I wonder if she's interested in running for President in 2016?

[drkazmd65]

I would vote for her. I would take time to man a calling bank for her. I would drive old folks and those without cars to the polls to vote for her.

And I would be love to have her over to our place for dinner.

What better choice could we make?

[KillgoreTrout43]

"I would be love to have her over....?"

[write2bheard]

Hooray for the poster who posted about a new model of capitalism -- "Meritorious Capitalism". Businesses don't have to exploit, enslave, trick, tramp, and screw their customers to make a decent (I said decent not obscene) profit. There is another model, the Mondragon Model, that is a very profitable business and it got that way through treating each other well. Google Mondragon co op to get a picture of how we can work together for the good of all and treat each other well. We don't have to re-invent the wheel. This can work.

[ebanks84]

Maher hit the nail squarely on the head when he said "we really don't treat each other very well". And what a shame that is. The American people have been used like guinea pigs to the financial industry. Get as much as you can from these su ckers has been the government's mantra because they haven't stopped anybody from doing anything to us by instituting proper regulations.

This is what O ba ma is trying to do right now and we should be proud of him for taking these actions. We finally have a president who cares for the people.

[TR12]

and she adeptly skirted his question regarding infusing and expecting decency into our social and legal policies

"Oleayeeee"

[KillgoreTrout43]

She didn't skirt the question. She finished saying what she started to say.

[merrylee]

"The banking industry, which had some heavy-weight representatives monitoring the vote off of the Senate floor, warned that an interest rate limit could cause a sour reaction in the financial markets. "

read it again - Credit Card Companies had their GOONS (no doubt paid with your Bailout dollars) just off the Senate Floor to maintain their usurious ways

same crowd that prevented Credit Card holders from testifying

Jane Hamsher brings it all back home here:
- http://firedoglake.com/2009/05/14/democrats-for-loan-sharking/

[twisted-european]

$350 bn down the drain. Using this money, 10000s of people could be employed for several years.

Let's have an investigation on who scr*wed up here.