Americans' Trust "Shattered" & CEOs Still in Denial, Elizabeth Warren Says

GAMBLERS: Sell me your shares in May and Go Away. When everything has gone way up and you want back into the market in October, I will not sell them back to you. All you shorts and bears missed the permanent bottom in March. You've already missed a huge move up. We are climbing a "wall of worry" and long-term INVESTORS will profit greatly over the next 5-10 years (especially in materials and energy and selective small-cap funds). This market has tremendous pent-up energy to move up, despite bad news that normally would cause the market to correct. Those who are waiting for a huge pull-back to "get back in" will be terribly disappointed. Us older investors who've been involved in the markets since the 70's know that the markets will climb a lot more and then plateau for awhile. Day-traders and those who bet against (short) fundamentally good companies will continue to lose their shirts.

Another good report from Aaron. Keep it up. And please, no more Roubini, Georgie or any of those stupid gloom and doom market reports. We don't need them, we have our own common sense...

Warren's right. Wall Street has a strong sense of entitlement despite their massive corruption and screw ups. The rest of the country has zero trust. Too big to fail is too big to exist. Break up the big financial firms and if the people there think they can do better with start-ups, let them. Hurrah for Obama going after the hedge funds and tax dodgers.

No question--we need a Warren Commission now.

I love you Elizabeth but Wall St. owns Washington.

It is sooo incredibly ridiculous to think the new autoworker at $14 per hour should acquiesce at paying the salary of bankers making $500 per hour. What an insane world!

These banks have a wake up call coming, My Credit score is 841 and my B of A Credit line drops from $20K to 10K (i have No balance) and Interest rate of 29%, While my Credit Union card has not changed, Guess what B of A, you and your Cd card can collect dust in my sock draw, and my checking account is moving to a local owned bank, ya, i know, you could care less.; But how many think like i do about you and the way you are now bleeding you're very own customers?

Wall Street will thrive as long as people have a desire to get rich quickly! One Obama cannot do much!

Yes Liz: You and I don't matter to these "queen ants" at the top of the anthill! Like George Carlin said: "It's a big club and you ain't in it! You and I are not in the big club!"

No Elizabeth, the game has not fundamentally changed. Most banks will pay back the TARP and the Street will continue paying what Main Street considers huge bonuses. It's called capitalism, not socialism.

Socialist Warren and her Socialist buddies in the White House have zero credibility. Also, for all of you touting the standard media line that the worst is over are fools, look at the DJIA price graph for 2009 and you can quickly see that even with this "30% rally since March - the biggest since 1932!" the moving average is STILL DOWN 7% from the start of the year. Market makers in control of this heavily manipulated market make money from price movements in short term. They don't care which way it moves. The market is overdue for another downward correction and they will make money off suckers who have finally bought back into to the "recovery" scam being sold. Think about how foolish today's media spin is on the 491,000 jobs lost last month, "its not nearly as bad a loss as the month before of 600,000+ jobs!". No matter how you spin it, almost half a million jobs lost in one month is HORRIBLE people.

AMAZING!!! --- America and World markets are now immune to $BILLION bailouts and $TRILLION budget deficits ------- INVEST, INVEST, INVEST!!! before it is too late! DJIA will soon hit new highs! ------- Damn the torpedoes, full speed ahead!!! ------- Can you smell QUADRILLION, yet?... No?... Good, get your money BACK in the market! All holes have been plugged on the Good Ship Lollipop ------- The new credo: INVEST in MAY and GO AWAY

Until campaign reform occur money (Wall St.) will always have to influential hold over the governing bodies. Wall St. has completely screwed up with their belief of entitlement and arrogance. In no way should we blindly trust them with our money ever again. We have funneled money into them because of their credentials that never justified these billions. I have worked with fund managers for so long and quite frankly only a few are barely intelligent and even less are trustworthy.

Why is it that OUR tax money bought Obama a seat at the table?!? Break up the banks, remove the management, restructure the smaller banks to NOT use funky investment vehicles to lessen (sic) the risks... What was wrong with the old banking style? Banks=low risk, stock market=risk, junk-bonds=insane risk. "Too big too fail" is too big to swallow.

Elizabeth Warren for Treasury Secretary!!! I go out of my way to listen to this woman's take on our current predicament whenever I can. I've seen her on C-SPAN, CNN, Fox News, The Daily Show with John Stewart and I even watched MSNBC once when she was on. I love her no-nonsense, non-political discussions. Her focus on the fix rather than the balme game is also refreshing. Both sides of the isle have been guilty of deregulation and for far more than "the last eight years." Check out this clip form The Daily Show for the best 2 minute history/economics lesson I've ever heard! http://www.youtube.com/watch?v=e02loKMuJFw

How many politicians would get implicated in any investigation involving Wall Street?

I finally switched my 401k over to a safe fund yesterday. This "recovery" is all smoke and mirrors. The foreclosure wave has yet to hit, the unemployed don't have jobs, and spending will not return to what it was. People were spending equity, which they no longer have. Do what I did last weekend. Go to Costco and sit in the food court for half an hour and watch people leaving with their shopping baskets. I didn't see one single big ticket item. People were buying food and other staples, not plasmas, furnitures or computers. The market is simply being manipulated once again. Get out while you can.

a battle tween the haves and have nots, just how obama and co have planned since regaining power. this play is already in act two. grab your popcorn, take a seat, and watch it unfold before your very eyes.

The point is: The taxpayers, the government, should NOT be running these firms. They should have been put out of business. The government cannot run banks! The government cannot decide who should be earning what! Law profesors are even less qualified. Warren was my Contracts professor in law school, and is a flaming liberal.

Saying that 491,000 jobs lost last month is somehow good news simply since it is less of a loss than a previous month is like saying "well it's good news I'm not bleeding quite as bad as I was 15 minutes ago" - Morale of this story? The blood loss must STOP before it can be considered good news. The Obama controlled media has a most definate spin on reality - trying to sell this to the American people. The current rally is bank driven folks - and not sustainable. It's being driven by the 3 trillion dollars in taxpayer money (that doesn't exist - remember on 800 billion currency in circulation - print more money!) that has been promised to banks.