Elizabeth Warren: Middle class families vs. big banks

[ProSense]

Middle class families vs. big banks

by Elizabeth Warren

<...>

The big banks and their army of lobbyists couldn't stop the creation of a new Consumer Financial Protection Bureau, so now they are trying to undermine its work, enlisting their Republican friends on the Senate Banking Committee to stop the nomination of Richard Cordray to lead the agency -- just to try to slow up the agency from doing its work.

It's outrageous -- and we've got to hold them accountable.

I’m starting a petition: Sign on now to call on the Republicans on the Senate Banking Committee to protect the interests of middle class families, to confirm a director for the Consumer Financial Protection Bureau, and to let the agency do its work.

The goal of this new agency is to protect consumers by ending the tricks and traps and fine print banks have used to make it hard to understand and compare the costs of mortgages and credit cards. We need to hold Wall Street accountable for issuing the kinds of deceptive loans that nearly brought our economy to its knees in 2008.

I fought hard for these new protections and faced an army of lobbyists to hold the banks accountable. I am proud to have been part of the David vs. Goliath effort that led to the passage of this new agency. I was also proud to help set up the new agency over the past year as an assistant to the President.

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Excellent!!!

[ProSense]

1. No comment?

Who objects to this post?

[JoePhilly]

2. Folks are struggling to decide how to scream about this ....

Warren is defending the same financial reform legislation that many on DU claim ... "does nothing".

The same folks love Warren. And so some of them will find it hard to agree with her here because to do so means supporting that legislation, which they claimed was meaningless.

Those who think the legislation was a good start, and think Warren is great (like me) might be seeing the title and simply saying ... ahh ... good.

Maybe you need an edgier title? Something more action oriented?

"Warren defends Financial Reform Legislation, wants you to sign her petition!!"

But who knows.

K&R

[flpoljunkie]

4. The CFPB is the best part of Dodd-Frank. Reason enough to sign Warren's petition.

[JoePhilly]

5. Agree

[jwirr]

3. Signed the petition but it is addressing rethugs the obstructionists

of the world. I do not expect them to listen.