{"id":17467,"date":"2013-07-19T13:24:21","date_gmt":"2013-07-19T20:24:21","guid":{"rendered":"http:\/\/amptoons.com\/blog\/?p=17467"},"modified":"2013-07-19T13:25:15","modified_gmt":"2013-07-19T20:25:15","slug":"cnbc-uses-copyright-claim-to-block-viral-elizabeth-warren-video","status":"publish","type":"post","link":"https:\/\/amptoons.com\/blog\/?p=17467","title":{"rendered":"CNBC Uses Copyright Claim To Block Viral Elizabeth Warren Video"},"content":{"rendered":"<p>From <a href=\"http:\/\/americablog.com\/2013\/07\/cnbc-pulls-elizabeth-warren-video-glass-steagall.html\">AmericaBlog<\/a>:<\/p>\n<blockquote><p>Earlier this week, Democratic Senator Elizabeth Warren (D-MA) went on CNBC last Friday to debate the <a href=\"https:\/\/en.wikipedia.org\/wiki\/Glass%E2%80%93Steagall_Act\">Glass-Steagall banking regulations<\/a> that were adopted in 1933, and her proposal to update and strengthen the law in a way that would likely force the big banks to spin off some of their business and stop being so damn big.<\/p>\n<p>As you can imagine, CNBC is no fan of Glass Steagall, regulating banks, or Elizabeth Warren.<\/p>\n<p>During her appearance on CNBC, Warren basically kicked ass, the video went viral, with over 700,000 views in a matter of days, so CNBC [&#8230;] filed a complaint with YouTube and had the video yanked from the Senator\u2019s official YouTube account.<\/p><\/blockquote>\n<p>Here&#8217;s another copy of the video (at least until it gets taken down):<\/p>\n<p><iframe loading=\"lazy\" width=\"595\" height=\"335\" src=\"\/\/www.youtube-nocookie.com\/embed\/Mwj0NK57VBQ\" frameborder=\"0\" allowfullscreen><\/iframe><\/p>\n<p>Transcript of the best bit:<\/p>\n<blockquote><p>     <strong>CNBC\u2019s BRIAN SULLIVAN: <\/strong>In the early 80s, the seventh-largest bank in America, it failed, almost set off another large banking crisis. Shouldn&#8217;t we just tell the American consumer that no matter what we do, there will be bank boom and bust cycles, no matter <em>what <\/em>the laws and regulations. You can&#8217;t protect everything.<\/p>\n<p>    <strong>ELIZABETH WARREN:<\/strong> No. That is just wrong. <\/p>\n<p> <strong>CNBC\u2019s BRIAN SULLIVAN:<\/strong> Why?<\/p>\n<p>    <strong>ELIZABETH WARREN:<\/strong> Just look at the history. <em>[Sullivan interrupts at this point, but Warren talks over him.]<\/em> From 1797 to 1933, the American banking system crashed about every 15 years. In 1933, we put good reforms in place, for which Glass-Steagall was the centerpiece, and from 1933 to the early 1980s, that\u2019s a 50 year period, we didn\u2019t have any of that \u2013 none. We kept the system steady and secure.<\/p>\n<p>    And it was only as we started deregulating, you start hitting the S&#038;L crisis, and what did we do? We deregulated some more. And then you hit long-term capital management at the end of the 90s, and what did we do as a country, this country continued to deregulate more. And then we hit the big crash in 2008.<\/p>\n<p>    You are not going to defend the proposition that regulation can never work, it did work.<\/p>\n<p>    <strong>CNBC\u2019s BRIAN SULLIVAN:<\/strong> I didn\u2019t say regulation never worked, Senator. By far and away, and I agree, there were fewer bank failures in that time after Glass-Steagall.<\/p>\n<p>    <strong>ELIZABETH WARREN:<\/strong> \u201cFewer,\u201d as in of the big ones, zero.<\/p><\/blockquote>\n<p>Three thoughts:<\/p>\n<p>1) I don&#8217;t think that putting back Glass-Steagall would, in and of itself, do much to stabilize the banking system. Nor is there any chance that the new Glass-Steagall could pass Congress. So what is Warren doing? <a href=\"http:\/\/nymag.com\/daily\/intelligencer\/2013\/07\/elizabeth-warrens-long-game-against-wall-street.html\">Kevin Roose<\/a> suggests &#8220;Senator Warren isn&#8217;t trying to change individual laws, so much as move the entire political discussion of the financial sector to a different rhetorical arena and force other legislators to join her there. [&#8230;] Senator Warren is proposing reforms she knows have no chance of passage, simply to widen the boundaries of debate.&#8221; <\/p>\n<p>2) The <a href=\"http:\/\/en.wikipedia.org\/wiki\/Streisand_effect\">Streisand Effect<\/a> may apply here.<\/p>\n<p>3) Yet another example of how copyright laws are being used, not to protect creators from unfair competition that would make it impossible to make a profit, but in an attempt to censor political speech.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From AmericaBlog: Earlier this week, Democratic Senator Elizabeth Warren (D-MA) went on CNBC last Friday to debate the Glass-Steagall banking regulations that were adopted in 1933, and her proposal to update and strengthen the law in a way that would &hellip; <a href=\"https:\/\/amptoons.com\/blog\/?p=17467\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25,91],"tags":[],"class_list":["post-17467","post","type-post","status-publish","format-standard","hentry","category-economics-and-the-like","category-free-speech-censorship-copyright-law-etc"],"_links":{"self":[{"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/17467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17467"}],"version-history":[{"count":2,"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/17467\/revisions"}],"predecessor-version":[{"id":17469,"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/17467\/revisions\/17469"}],"wp:attachment":[{"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}