You are here

Home

The battle over Elizabeth Warren

Fri, 08/06/2010 - 09:57 — Dave Culver
Section(s): 
Business
  • Real consumer protection against fraud and misinformation in financial services is something the "financial sector" has fought for years. The catastrophe that required a $4 trillion public fiscal and credit injection into the economy makes no impression on the people whose reckless, unregulated behavior caused it, and whose bread is now buttered with its spoils.
  • The Case For Elizabeth Warren

John Case, People's World

Who is surprised that the banking industry is drawing a line in the sand to prevent the nomination of Elizabeth Warren to head the new consumer financial protection agency?

Sen. Chris Dodd - who wanted to leave a legacy as a pragmatic financial reformer - has begun a frankly humiliating process of damning with faint praise the one individual who has conducted herself with striking integrity throughout the entire bailout and rescue drama of the past two years. "Elizabeth would be a terrific nominee," said Dodd, the Connecticut Democrat who leads the Senate Banking Committee. "The question is, ‘Is she confirmable?' And there's a serious question about it."

This compares in spinelessness to Agriculture Secretary Tom Vilsack's termination of Shirley Sherrod, and his subsequent "acceptance of responsibility" - what does that mean exactly?

More...

Related:

The Case For Elizabeth Warren, Katrina vanden Heuvel, The Nation
Elizabeth Warren should be the top contender to head the new Consumer Financial Protection Bureau. After all, it was her brainchild, her baby.

Fair Use Notice

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.