Courtesy of Ring of Fire Radio:
“It was just a few years ago, 2008, that there was a major financial crisis in this country. People lost their jobs; people lost their homes; people lost their savings,” continued Warren. “And yet, the Republicans seem to have forgotten all that.”
The GOP’s budget guts financial regulations that were put in place after the financial meltdown — the worst since the Great Depression.
“A big part of that is the Consumer Financial Protection Bureau [CFPB],” said Warren. “After the crisis, people like Sen. [Al] Franken (D-MN) and Sen. [Jeff] Merkley (D-OR) were talking about the importance of getting a single agency that would be there to help level the playing field.”
“The idea was that we would develop a single agency and make that agency responsible for standing up for American families against the biggest banks in this country — make that agency responsible and accountable to the American people. And that’s exactly what we did.”
So far, the CFPB has forced big banks to return more than $5 billion directly to those customers they cheated, and “has scared off a lot of others from doing more cheating,” said Warren.
“Given that that’s the case, given that we’ve just been through this financial crisis … what is the position of the Republicans?” Warren asked. “Do they want to strengthen the [CFPB], the agency that’s out there on behalf of America’s families? No. Their view is ‘let’s find ways to weaken it’ … In other words, they want to make sure the watchdogs are tame.”
“We need tough regulations. We need regulators that are willing to stand up to the biggest financial institutions in this country,” Warren concluded. “And I want to say, with this budget resolution, we’re watching. We’re watching. Democrats in the Senate are watching, Democrats in the House are watching, and the American people are watching. We will not stand by while the Republicans gut financial regulation in this country.”
The CFPB is Warren's baby and the Republicans just made a terrible mistake.
If they thought she was a thorn in their side before, just watch what she does now.
And you can bet just about any amount that she will work like crazy to make sure that the next President of the United States is a Democrat who will help protect the program she worked so hard to create.
Like maybe taking the number two spot on the ticket perhaps?
O'Malley/Warren certainly has a nice ring to it!
ReplyDeleteWhat else is new for the History & Science Knowledge Deficient Regressive Party?
ReplyDeleteSetting us up to be robbed by 1%ers is just "Good Capitalism" to them....
Vice President has less power to affect important legislation than Senator...I think she'll stay where she is, fighting in the trenches.
ReplyDeleteV.P. is president of the Senate. Votes in tiebreakers.
Deleteterrorist
Delete[ter-er-ist]
noun
1. a person, usually a member of a group, who uses or advocates terrorism.
2. a person who terrorizes or frightens others.
3. a Republican member of the United States Congress.
8:14 AM
DeleteWell done!
I'm seeing her as Secretary of State.
DeleteSecretary of the Treasury.
DeleteWhat is wrong with these people? The Republicans are constantly trying to go to war, take away Obamacare and financially screw the American people .
ReplyDeleteThe want a feudal system in which they are the royalty.
DeleteThey pine for wealth and privilege at the expense of everyone else and the environment.
they want to gut our safegaurds like this and the epa so they can take us back to where we were??!! Fuck That. assholes!
ReplyDeleteI like Senator Warren right where she is (and Bernie Sanders). Someone needs to keep oversight on the bills that the GOP are trying to pass. Presidents don't have that role. Senator Warren doesn't have foreign relation experience, although she is a fast learner. I feel safe with her in the Senate. Let's keep her there.
ReplyDeleteNo Republican potential candidate has a half-day's worth of foreign policy experience. That's a straw man argument.
DeleteI hope it's brought up constantly as they bite and scratch each other to get the GOP nomination.
John McCain supposedly had foreign policy experience, but he didn't know enough about economics to balance his own checkbook.
In other news, Mark "The Great One" Levin reveals that Obama is no longer "as bad as Hitler" but is now "WORSE than Hitler, Stalin, Pol Pot, Mussolini, Torquemada, Dr. Mengele, three Egyptian Pharoahs, Ted Bundy and George McGovern COMBINED" in terms of existential threat to The Jews.
ReplyDeleteIf true, Levin's claim clearly positions Barack Obama as the WORST human being in the history of the world!
Thank Jeebus, Levin is a lying sack of shit and virtually nothing he says is true.
http://talkingpointsmemo.com/livewire/mark-levin-obama-threat-jews-1930s
The jews aren't the Only people who got the "shaft". JEWS-$$? Is that why we should throw everything in Their favor??
DeletePreventing Blacks from voting.
ReplyDeleteSending back Mexicans to Mexico.
Ending Obamacare.
No free meals.
No abortions.
We real Americans will dominate
You could at least try to say something, smart, witty, or true, you boring illiterate dolt. But I guess it would be wasted effort for your peabrain. Run along, now, you silly thing.
Delete""Sending back Mexicans to Mexico. ""
DeleteEspecially those ones born here.
What do we do with front Mexicans?
DeleteWhat, exactly, is a "real american"?
Elizabeth Warren is the best at what she does, and her passion for protecting American citizens from the predatory behavior of financial vultures is terrific. Keep her where she is.
ReplyDeleteI love when Elizabeth gets rolling, she's like a pit bull and she's exactly where she's needed. The Republicans have done their best to destroy the middle class, to the point of shutting down the government so the big fish could get bigger while everyone else got screwed. She's like a machine gun of undeniable truth and has the stamina and brains to stand up to "the evildoers"
ReplyDeleteElizabeth is a Leader Name...means consecrated to God in Hebrew...
ReplyDeleteNo, we need her in the Senate.
ReplyDelete