The problem with Matt Taibbi's piece...

[freshwest]

114. Yeah, she was so upset. Comes out just in time to set the mood for 2016.

I also read the whole article with Taibbi's usual colorful language and the standard kicking of Democrats. Not that the bank doesn't need to get a good asskicking, but why wait until the GOP gets majority, knowing they are eviscerating Warren's agency as we speak?

A GOP Senate's First Target - Elizabeth Warren’s Consumer Protection Agency

For years, House Republicans have been trying to gut her greatest accomplishment.



By Erika Eichelberger - Sep. 26, 2014

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 voters—new 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...

Yet people blame Obama.

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 agency—including 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...

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 process—meaning 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.)

Yet people hate the Federal Reserve, and want to effect a Ron Paul and Libertarian plan to eliminate it. A lot more on what they'll do to destroy Warren's work:

http://www.motherjones.com/politics/2014/09/republican-senate-would-gut-elizabeth-warren-consumer-protection-bureau

The timing and tone of this release makes it seem suspect. OTOH, she may be coming now out to help save the CPB, if one wants to give it the benefit of the doubt. This story proves why it needs to be there.