Dems Line Up To Back Elizabeth Warren, 'She Predicted What Was Going To Happen'

[laughingliberal]

Democratic lawmakers are lining up to back the appointment of Elizabeth Warren to head the newly created Consumer Financial Protection Bureau. Sens. Tom Harkin (D-Iowa) and Bernie Sanders (I-Vt.) were joined by Rep. Jackie Speier, (D-Calif.) and other members on Thursday to voice their support and admiration for the Harvard professor and expert on economics and the middle class.

"In my living room with many members of congress, she predicted what was going to happen several years ago," Rep. Rosa DeLauro (D-Conn) told reporters at the Capitol Thursday afternoon. "As she put it in 2007, consumers cannot buy a toaster that has a one in five chance of bursting into flames but they can enter into a mortgage that has the same one in five chance of putting them out onto the street."

Over 164,000 Americans have signed a petition in favor of Warren's appointment, and 57 representatives and 11 senators sent two letters to the White House on Thursday. DeLauro claimed that in the past 24 hours more than one hundred constituents have called her office <snip>

http://www.huffingtonpost.com/2010/07/22/dems-line-up-to-back-eliz_n_656206.html

[Liberty Belle]

1. She sounds like a great choice.

Though I'd argue that lots of those small appliances on the market are dangerous. My mom had a coffee maker with a plug that caught fire, brand new. We complained to the so-called Consumer Product Safety Commission under Bush and they never did a thing, even though there were zillions of complaints on the net of the same thing.

[EFerrari]

2. Cool. Thanks for good news!

[midnight]

3. K&R.

As she put it in 2007, consumers cannot buy a toaster that has a one in five chance of bursting into flames but they can enter into a mortgage that has the same one in five chance of putting them out onto the street."