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Old 09-15-2010, 07:44 PM
 
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Elizabeth Warren Named Special Advisor

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

Daily Kos: Elizabeth Warren Named Special Advisor
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Old 09-15-2010, 07:49 PM
 
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Indeed, a great victory, the battle ain't over yet, not by a long shot, but yes, this is definitely a reason to breathe a sigh of relief. !!
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Old 09-15-2010, 07:50 PM
 
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I think it is a good appointment. However, HuffPo article says that Geithner was not too happy and that Dodd threatened to de-fund the bureau.
White House Taps Warren To Set Up Consumer Financial Protection Bureau
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Old 09-15-2010, 07:52 PM
 
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Quote:
Originally Posted by calmdude View Post
I think it is a good appointment. However, HuffPo article says that Geithner was not too happy and that Dodd threatened to de-fund the bureau.
White House Taps Warren To Set Up Consumer Financial Protection Bureau
Screw 'em.
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Old 09-15-2010, 07:52 PM
 
13,180 posts, read 13,621,174 times
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Quote:
Originally Posted by calmdude View Post
I think it is a good appointment. However, HuffPo article says that Geithner was not too happy and that Dodd threatened to de-fund the bureau.
White House Taps Warren To Set Up Consumer Financial Protection Bureau
Dodd didn't threaten himself to defund...he predicted the GOP along with their conservative Blue Dog democrats could do it...

Big difference.

Geithner of course is not an advocate for the consumer so that's not surprising.

I wonder if the GOP that has everyone fooled how "serious" they are and how "anti-corruption" they are, will challenge this? I think so.

The way Americans pay attention to the issues, most people will never know how much the GOP is bought and paid for by corporate America.

Last edited by padcrasher; 09-15-2010 at 08:24 PM..
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Old 09-15-2010, 07:52 PM
 
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Originally Posted by kovert View Post
Screw 'em.
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Old 09-15-2010, 07:53 PM
 
27,632 posts, read 18,652,996 times
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Quote:
Originally Posted by calmdude View Post
I think it is a good appointment. However, HuffPo article says that Geithner was not too happy and that Dodd threatened to de-fund the bureau.
White House Taps Warren To Set Up Consumer Financial Protection Bureau
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.
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Old 09-15-2010, 07:56 PM
 
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Originally Posted by padcrasher View Post
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.
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Old 09-15-2010, 07:56 PM
 
Location: Union County
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Originally Posted by sickofnyc View Post
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.
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Old 09-15-2010, 07:59 PM
 
13,180 posts, read 13,621,174 times
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Quote:
Originally Posted by calmdude View Post
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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