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Reply #10: And while you are on Alternet . . . . [View All]

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JDPriestly Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-02-10 01:26 PM
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10. And while you are on Alternet . . . .
why not read this too?

4 Bogus Attacks Bankers and Their Political Puppets Are Using to Attack Elizabeth Warren


No reformers question whether Elizabeth Warren is the best candidate to head the new Consumer Financial Protection Bureau. She's a lauded scholar, an inspiring advocate who will draw talented and dedicated reformers to the new agency and she came up with the whole idea for creating the CFPB in the first place. Nominating a dedicated reformer like Warren will send a clear signal to the entire world that the U.S. government is serious about regulating the banks that drove the global economy off a cliff. Nominating anybody else will send a clear signal that bankers still have veto power over key political appointments.

By contrast, there are no compelling arguments against appointing Warren. Four have basically been offered, and they are all so weak that it's hard to view them as anything but bad-faith excuses to block somebody the bank lobby simply doesn't like. There's a perfectly rational reason for the bank lobby not to like Elizabeth Warren: she's spent much of her career explaining how elite bankers rip off American families, and there is every reason to believe she will crack down on this behavior if she's given the CFPB post. That's not a knock against Warren—that's what the CFPB director is supposed to do.

Read more at:

http://www.alternet.org/economy/147667/4_bogus_attacks_bankers_and_their_political_puppets_are_using_to_attack_elizabeth_warren

Be sure to e-mail Obama and ask him to appoint Elizabeth Warren to the top position on the new Consumer Financial Protection Bureau.

http://www.whitehouse.gov/contact

In case you missed that:

http://www.whitehouse.gov/contact
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