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Elizabeth Warren only takes 52 seconds to make it clear that Romney is out of step concerning economic regulations.

First, watch this segment from Rachel Maddow‘s show:

http://video.msnbc.msn.com/the-rachel-maddow-show/47422131#47422131

Elizabeth Warren‘s key statement on Dimon’s excuse for the J.P. Morgan fiasco and how Romney’s claim that economic regulations are stifling growth:

“You know, you really want to say did he hear what Jamie Dimon just said? Jamie Dimon’s own words were that this was stupid. This was sloppy, so stupid, and so sloppy that it wasn’t even picked up by a regulator. There was no one to say hey, wait a minute; I want to review your risk practices. I want to see the kind of risk that this huge financial institution is taking on, because we’re just about three and a half years past the time when you took on so much risk that you brought this economy almost to its knees. So the idea that Mitt Romney thinks that the banks are over regulated. It’s an alternative reality. It’s simply not true. The problem right now is that there’s not adequate regulation.”

Got it? Regulation (which we used to have in adequate amounts due to the abandoned  Glass-Steagall Act) used to keep our economy safe. Romney supports big banks over small Americans. And which of these hold the majority vote (provided they are not conned by Tea Bag Republicans)?

It’s up to all of us to get educated and get the word out.

A word to the Rich from Elizabeth Warren…

Good luck in Massachusetts, Kiddo… and don’t think lots of us aren’t hoping you run for President in 2016!

The Congress is going to try and screw us by way of Big Banks… but at least we have Elizabeth Warren.

Jon Stewart did a very nice interview with Elizabeth Warren, the Assistant to the President and Special Advisor to the Secretary of the Treasury on the Consumer Financial Protection Bureau.

Elizabeth Warren

Her concern was that major banks, like Citigroup, and major Wall Street players are trying to “knife” her agency in the back… and that includes support from our Representative here in WV’s District 2, Shelley Moore Capito (R), who is chair of the Financial Institutions and Consumer Credit Subcommittee.

Warren is a very smart and intelligent woman with an agency that has very little actual power… therefore, her major strength lies in making people aware of the financial situation which has kept the middle class in financial slavery.

Warren said that the bank lobbyists and their supporters in Congress won’t be able to “knife the agency in the back alley” if they “actually believe people will pay attention, if they believe people care about this.”

To which Jon Stewart replied:

“or if they still have the capacity to feel shame — you begin to wonder at times.”

There is going to be a vote in the House Financial Services Committee next week which will delay the opening of Warren’s Agency, or, at the very least, will weaken its activities. A great many people got into the fight in public last year to set up the agency Warren will head. This year, however, the attacks against this agency are happening in secret.

Warren brought up one of her major interests, the devastating agreements that banks attach to consumer credit cards:

“There was a survey last year. Ninety-six percent of Americans said — I want to get rid of the fine print in credit card agreements and mortgages. I think it is there just to cheat me, to hide things from me. Ninety-one percent felt strongly about it. When that is the case, that’s not Democrats, that’s not Republicans, that’s not Libertarians. This is not partisan. It’s basic and sensible. This game is about trying to push the sensible part right back in the middle and say that’s what we have a responsibility to do.”

“This consumer agency is a tangible, very concrete down payment on the notion that together we can build something that is fairer, and give middle class families a chance to survive, maybe even prosper.”

Elizabeth Warren   

Even if you saw Warren on the Daily Show Tuesday night, this is one of those interviews where Stewart kept it going past the show’s end. You can see the whole interview at http://www.thedailyshow.com/full-episodes/tue-april-26-2011-elizabeth-warren . Thanks to Morgan County USA for the basic information on Capito.

Screw the Republicans. Screw Dodd. Obama plans to give Warren an Interim Appointment.

We were expecting this and it happened today. It’s to bad Congress can’t get it’s act together. We’re lucky to get Warren representing consumers, even if it is only for the interim.

This from Taegan Goddard’s Political Wire:

clipped from politicalwire.com

President Obama will appoint Elizabeth Warren to a special position reporting to both him and to the Treasury Department and tasked with heading the effort to start the new federal Consumer Financial Protection Bureau, ABC News reports.

Warren “has been seen by many on the Left as a force for greater accountability and transparency, and a check against the forces in the Obama administration more closely allied with the financial sector. Many officials in that sector eye her warily as too anti-business.”

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Did you see this piece on Elizabeth Warren in The Hill?

If Obama names Elizabeth Warren, the Democratic base erupts like a volcano and votes…

By Brent Budowsky – 09/09/10 03:06 PM ET

Within hours and possibly minutes I expect the president will name Elizabeth Warren to lead the new consumer protection agency, and if he does, the Democratic base will erupt and turn out to vote in far greater numbers than any current poll suggests.

I could be wrong; Obama might give up at the last minute, which would be the last betrayal of the Democratic base and very possibly the death knell of the Democratic House of Representatives. But if he names Warren, the pundits be will amazed, astonished and flabbergasted by the lift this would give to the Democratic base and by the voter turnout that would follow.

If Obama names Warren, consumers would have the strongest possible friend fighting for them all day, every day, at a time of major consumer rip-offs and disastrous consumer confidence that would be lifted with the Warren selection.

If Obama names Warren, veterans and military families who have endured rip-offs and abuses would have the strongest possible friend with Elizabeth Warren.

If Obama names Warren, small business would have the strongest possible ally as she champions fair treatment by small business that has been a piñata being abused by large financial institutions.

If Obama names Warren, the momentum in the campaign would shift powerfully and immediately, with a rejuvenated Democratic base excited and fighting trim, ready to roll, ready to fight, ready to erupt with support that the selection of Warren would inspire.

Warren should be nominated through a recess appointment, not a nomination that would bring a unified Republican filibuster in the tired Kabuki dance that the American people, and the progressive base, have suffered from for far too long.

Read the rest of it HERE

I’d like to see Chris Dodd get out of the way…

Elizabeth Warren is not only right for the job, she is needed by this country.
Here’s a clip from the HuffPo… you probably want to go in and read the whole thing:
clipped from www.huffingtonpost.com
Despite the outpouring of support for bailout watchdog Elizabeth Warren’s candidacy to lead a new consumer protection agency, one prominent Democrat continues to publicly stand in her way: Senate Banking Committee Chairman Christopher Dodd.
The Connecticut Democrat, who has lambasted lenders for taking advantage of cash-strapped borrowers and bank regulators for their poor record in protecting consumers, led the effort to get the recently-enacted financial reform law through Congress. The agency it calls for — a unit specifically charged with protecting borrowers from predatory lenders — survived attacks by the financial services industry and Republicans. It’s now hailed as one of the Obama administration’s top achievements.
Dodd has said that there are questions about whether the Senate would confirm her. Warren would have to garner 60 votes to end a filibuster before the Senate could give her nomination an up-or-down vote.
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