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She's an outspoken advocate for families, described as having "a seemingly visceral loathing of financial services companies." Her husband, Bruce Mann, describes her as "a grandmother who can make grown men cry." Her brother, David Herring, said, "She was tougher than a snake, partner."
Warren was named a counselor to Treasury Secretary Timothy F. Geithner, who under the Dodd-Frank financial regulatory law is responsible for setting up the bureau before it becomes an independent agency housed at the Federal Reserve. While Warren’s job will be to help establish the bureau, she would be under Geithner. The position would allow her to avoid a Senate confirmation battle and immediately influence the agency she is credited with first proposing several years ago. - Bloomberg News
Says much about Warren that the banking industry does not like her. Much like Wall Street hated and feared Spitzer. I saw a documentary about her awhile back. She is brilliant and amazing. This is good news.
Dodd did threaten himself to defund...he predicted the GOP along with their conservative Blue Dog democrats could do it...
Big difference.
Could be - the impression I got was a bit different - maybe, ultimately, he did mean the Congress (as the article says later on). However note his comment:
"I'm not enthusiastic about that and I think it'll be met with a lot of opposition," Dodd told reporters after coming off the Senate floor. Dodd: Congress Could Defund Consumer Bureau Over Warren Interim Appointment
Anyway, it is a temp position now - at least she is in. She sounds sensible and pro-consumer, no wonder the big banks hate her.
Says much about Warren that the banking industry does not like her. Much like Wall Street hated and feared Spitzer. I saw a documentary about her awhile back. She is brilliant and amazing. This is good news.
Let's hope she doesn't follow in his illustrious footsteps.
Could be - the impression I got was a bit different - maybe, ultimately, he did mean the Congree (as the article says later on). However note his comment:
"I'm not enthusiastic about that and I think it'll be met with a lot of opposition," Dodd told reporters after coming off the Senate floor. Dodd: Congress Could Defund Consumer Bureau Over Warren Interim Appointment
Yes, I agree he's been no advocate here. He hopes to work for the financial industry as a lobbyist after his retirement I suppose.
Progressives/Liberals were threatening to dump Obama entirely if he didn't have the cojones to make this appointment.
Had it not been for their pressure Obama, would have appointed yet another financial industry tool like Geithner.
This isn't Obama's style to stand for principle and do the right thing....He's much more trying to please the right wing so they won't say mean things about him.
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