I have long awaited the first stirrings of life from the Consumer Financial Protection Bureau, the single achievement, in my view, that made Dodd-Frank worth passing. I bet you can guess my choice for its permanent head.
Here’s Elizabeth Warren, introducing the Consumer Financial Protection Bureau, and inviting feedback and suggestions for the new agency.
And here’s a very cool video describing the origins of the financial crisis and what the consumer bureau will do to protect American families and improve financial services markets. It also does a pretty good, albeit quick, job of explaining how in the hell we got into this mess. (It’s cool because it’s narrated by Ron Howard, and starts out sounding a lot like Arrested Development.)
Looking at this site and reading the CFPB’s mission–"to work on behalf of American families"–it’s hard to believe any elected official can continue to oppose what Warren and her team are trying to do. You might say it’s downright un-American to oppose giving citizens the opportunity to make smart financial decisions that will make their lives better. But with a Republican party that’s a wholly owned subsidiary of Koch Industries, Fox News, and the U.S. Chamber of Commerce (and too many Democrats who also give their primary allegiance to Wall Street), I guess the idea of working on behalf of American families is quaint.
But that opposition also poses a looming problem for the CFPB–it has to have a permanent director… [emphasis added]
Inserted from <Daily Kos>
Of course my choice is Elizabeth Warren. A floor fight over her confirmation could only work to underline Republican disregard for Main Street Americans.
4 Responses to “Welcome CFPB!”
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Warren would be a stellar director. My only question would be, is she planning to run for Brown’s Senate seat in 2012? And would we rather have her heading an agency that will get things done under her leadership while also being in the focus of national media, or have her as a freshman senator? (Although I will admit the Senate can be a launching pad for bigger arenas. Who knows, Pres. Warren might not be to hard to envision.)
If I had my druthers, she’d replace Timmy as Treasury Secretary.
The voters spoke loud and clear last November. The American People do not want a government takeover of their bank accounts. This huge smothering nanny state has created a generation of soft over-dependent Americans, and The American People believe in self reliance and personal responsibility.
Anyway, that was my John Boehner imitation 🙂
My best impression of Agent Orange includes the echo of barf in a toilet bowl.