Well, needless to say I went out and found the interview soon as I could. Apparently it was so contentious that NPR posted the raw file on the blog so people could hear the entire thing.
Good thing.
Davidson (Who is partly responsible for me understanding anything about the current mess) comes across like a total jackass. And that's a shame. He's a great reporter - but for some reason he was all cowboy'ed up to wail on Warren from the outset.
I listened to the whole thing just stunned at how completely wrongheaded he sounded and how mindbogglingly brilliant Ms. Warren sounds.
Here's the money quote from the interview:
ELIZABETH WARREN: No no no. [Davidson snickers] We’re now at what — we’re now seven, eight months into this. And it’s the second part of what you said. We can’t do anything about the American family until this crisis is over? This crisis will not be over until the American family begins to recover. [More Davidson sputtering.] This crisis does not exist independently —
DAVIDSON: That’s your crisis.
ELIZABETH WARREN: No it is not my crisis! That is America’s crisis! If people cannot pay their credit card bills [Davidson tries to interrupt] if they cannot pay their mortgages —
DAVIDSON: But you are not in the mainstream of views on this issue. You are not —
ELIZABETH WARREN: What, if they can’t pay their credit card bills the banks are gonna do fine? Who are you looking at?
Read more.
Listen to the interview
Freak at what short shrift is given to the only person out there stating the obvious:
Namely, this whole mess is only a national mess because it is affecting American families [i.e. those who constitute the Nation].If this mess was only affecting banks, it'd be an FDIC problem, or something that the market would handle in the usual bankruptcy/buyout regimen.
This mess has reached out and bit millions of average Americans - and no amount of financial sector groupthink should allow us to forget that.
ARRRRGH!!!
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