General Discussion
In reply to the discussion: A hit and a miss from Senator Elizabeth Warren [View all]sheshe2
(96,895 posts)And I am so damn tired tonight...gotta go soon.
Thanks so much for all you brilliant adds to smartypants post.
This one is perfect, Cha. He damn well supported her work @ CFPB.
Not sure what she was doing in that interview.
However.
A GOP Senate's First Target: Elizabeth Warrens Consumer Protection Agency
For years, House Republicans have been trying to gut her greatest accomplishment.
If the GOP wins the Senate, they'll no doubt use the opportunity to push through a range of measures that are kryptonite to Democratic votersnew abortion restrictions, limits on the ability of the Environmental Protection Agency to combat climate change, a relaxation of the rules reining in Wall Street's worst excesses.
But Republicans are particularly keen on handicapping one particular federal watchdog: the Consumer Financial Protection Bureau (CFPB), the three-year-old agency that Sen. Elizabeth Warren (D-Mass.) devised and helped build in the wake of the financial crisis.
The bureau's job is to make sure Americans aren't getting screwed by mortgage lenders, credit card companies, debt collectors, and other financial institutions. It's the first federal agency designed specifically to protect everyday consumers from financial wrongdoing, and Republicans have done everything in their power to hobble the agencyincluding fighting the confirmation of its director, Richard Cordray. Winning the Senate in November could be their best chance to roll back Warren's greatest accomplishment.
"You just have to watch the House to see what is going to come out of the Senate."
Half of their work is already done. The House has passed a bill that would limit the bureau's power by replacing its director with a five-member panel, and subjecting its budget to the congressional appropriations processmeaning that hostile lawmakers could starve it to death. (Unlike most federal agencies, the bureau is bankrolled by the Federal Reserve, an effort to free it from the whims of partisan politics.) House Republicans have also introduced legislation to let other financial regulators overturn CFPB rules, to eliminate a fund the bureau uses to compensate consumers who've been defrauded by an institution that's gone belly-up, and to restrict the kind of data the bureau may collect from consumers. (Republicans have charged that the CFPB's collection of credit data is a violation of privacy, even though the bureau does not collect any personal details the consumer doesn't volunteer.)
http://www.motherjones.com/politics/2014/09/republican-senate-would-gut-elizabeth-warren-consumer-protection-bureau
I keep asking the question Cha. Why do so many want her out of her Senate seat to run for President!? I believe I know that answer, I sure wish that those that support her run would look at the facts.
We voted for her in MA for what she tried to do in CFPB! Now many want her to leave, not surprising since the GOP and Wall Street want her gone as well.
There is a game at foot and it smells Cha. Is someone trying to make her look bad? Anti Obama? That is an interesting question.
Something stinks in Denmark!