Like I said about Warren's appointment in September 2010

[autorank]

Triumph of the Money Party!!! Warren's role downgraded, reports to Geithner

Michael Collins
September 16, 2010



The White House snatched back one of the few bones it's thrown to the people outraged at the looting of the United States Treasury by failed financial concerns - the big banks and Wall Street. The promised appointment Elizabeth Warren as head of the new agency to protect consumers from the financial services industry has been seriously downgraded. Instead of running the Consumer Finance Protection Agency, Warren's role has been diminished to that of special assistant to the president and adviser to Treasury Secretary Tim Geithner.

"President Obama, sidestepping a possibly heated confirmation battle, will appoint Harvard law professor Elizabeth Warren as a special advisor to the Treasury Department to launch the government's powerful new Consumer Financial Protection Bureau, according to two Democratic officials familiar with the decision." LA Times, Sept 15

An interim appointment would have given the no-nonsense Warren the full authority to structure consumer bureau in the interests of the people.

Snip

In the case of Warren, a fake drama was created whereby the White House could get credit for appointing Warren for full Senate approval while snatching back both that appointment and an interim slot; all in the name of political necessity. Whose necessity? Who benefits?

All involved in this destructive drama should be ashamed. But they won't. They don't care because they don't have to care. They're above the law and the real world consequences of a truly open political system. ...

Chalk it up as another big triumph of The Money Party.

Link: http://www.economicpopulist.org/content/triumph-money-party-warrens-role-downgraded-reports-geithner

[roxiejules]

1. Fraud caused...

the Great Depression and it has caused the current financial crisis. It seems the worse you behaved from 2000 to 2008, the better you’ve been treated.


:grr:



For those of you who don't remember how the looting of America unfolded (and the woman who tried to prevent it), please revisit the PBS documentary, The Warning.....link below.



http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=385x600885

[Kaleko]

2. Recommended to no avail.