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In reply to the discussion: Elizabeth Warren got millions from banks, too. [View all]1StrongBlackMan
(31,849 posts)34. Well ...
I suppose it depends on who one asks ...
In June 2009, President Obama proposed to address failures of consumer protection by establishing a new financial agency to focus directly on consumers, rather than on bank safety and soundness or on monetary policy. This new agency would heighten government accountability by consolidating in one place responsibilities that had been scattered across government. The agency would also have responsibility for supervision and enforcement with respect to the laws over providers of consumer financial products and services that escaped regular Federal oversight. This agency would protect families from unfair, deceptive, and abusive financial practices. The President urged Congress to give the consumer agency the same accountability and independence that the other banking agencies have and sufficient funding so it could ensure that powerful financial companies would comply with consumer laws.
In July 2010, Congress passed and President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Act created the Consumer Financial Protection Bureau (CFPB). The CFPB consolidates most Federal consumer financial protection authority in one place. The consumer bureau is focused on one goal: watching out for American consumers in the market for consumer financial products and services.
http://www.consumerfinance.gov/the-bureau/creatingthebureau/
In July 2010, Congress passed and President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Act created the Consumer Financial Protection Bureau (CFPB). The CFPB consolidates most Federal consumer financial protection authority in one place. The consumer bureau is focused on one goal: watching out for American consumers in the market for consumer financial products and services.
http://www.consumerfinance.gov/the-bureau/creatingthebureau/
So I guess it could be President Obama; or maybe, Frank or Dodd; but I suppose, the idea could have come to you in a dream.
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Just let Manny dream... Because giving credit to the President is his worst nightmare.
tridim
Apr 2014
#17
Yes and all the while Goldman-Sachs is giving Ms. Clinton $400,000 for having tea and crumpets
rhett o rick
Apr 2014
#3
FDR's opponent's called him a communist, but in reality he saved the American free enterprise system
StevieM
Apr 2014
#13
What a hypocritical harpie! Damn her for being good to the ones the banks fucked over
Nanjing to Seoul
Apr 2014
#14
Saw an Elizabeth Warren for President 2016 bumper sticker today in Los Angeles.
cui bono
Apr 2014
#15
Democratic leadership refuses to prosecute powerful people. Just think if Govt. worked as hard
pragmatic_dem
Apr 2014
#46