themcglynn.com

19 Jul

Elizabeth Warren Receives Endorsements To Head New Consumer Agency

Financial Reform Coalition Endorses Elizabeth Warren To Head New Consumer Agency

 

By Shahien Nasiripour

On Monday, a coalition of groups fighting to reform the nation’s financial system formally endorsed Harvard Law professor and bailout watchdog Elizabeth Warren to head the new Consumer Financial Protection Bureau.

Americans for Financial Reform, an alliance of more than 250 organizations that has spent the past year advocating for financial reform legislation, said that Warren is the “most experienced, effective and independent person” to serve as the critical first chief of the new agency.

The endorsement comes on the heels of Thursday’s Huffington Post report that Treasury Secretary Timothy Geithner opposes Warren’s nomination, and Friday’s statements by a senior White House adviser and top Geithner lieutenants at Treasury that Warren was “well qualified” for the position, yet nonetheless was only one of three top candidates.

AFR includes top labor groups and progressive advocacy organizations with deep ties to the Obama administration, including AFL-CIO and the Service Employees International Union.

“[Elizabeth] Warren has shown a steadfast and tireless commitment to protecting consumers throughout her distinguished career and is without question the best candidate to run the new CFPB,” Heather Booth, AFR’s director, said in a statement………………………

*************************

John R. Talbott: The Real Reason Geithner Is Afraid of Elizabeth Warren

Elizabeth Warren is a threat to the scheme Tim Geithner has utilized to date to hide bank losses, thus keeping the banks solvent and out of bankruptcy court and their existing management teams employed and well-paid………………….

**********************

Robert Kuttner: The Warren Drama: Another Missed Opportunity?

The best possible antidote to the perception that the Administration has favored Wall Street over Main Street would be the appointment of Elizabeth Warren. She is the rare public official involved with financial regulation seen as a passionate fighter for regular people. The Administration desperately needs a dose of that, which is why President Obama should name Warren to head the new Consumer Financial Protection Bureau………………………..

Comments are closed.

© 2020 themcglynn.com | Entries (RSS) and Comments (RSS)

Global Positioning System Gazettewordpress logo