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House GOP Take Aim At Elizabeth Warren

House GOP Take Aim At Elizabeth Warren

House Republicans may be afraid of Elizabeth Warren, but Elizabeth Warren is not afraid of them.  That’s a good thing because her agency and its oversight authority is at the top of the list of transparency and regulatory moves by the Obama administration the right hopes to undo.

In her first official appearance as a member of the Obama administration, Warren made it clear that she was not about to be bullied by folks like Rep. Spencer Bachus (R-Ala) who has gone out of his way to characterize Warren as an “unaccountable” head of a rouge agency. 

Instead, Republicans propose replacing Warren with a five-person board of directors that would slow down its rulemaking procedures.  They also plan to starve the agency for funding, making it doomed to fail before its even off the ground.

In her testimony Warren reiterated her resolve to help create a more informed consumer by focusing on disclosure and transparency rules for lenders.  By making pricing clear in terms of financial products like credit cards and home mortgages, citizens have the opportunity to make better choices and not find themselves financially upside down while the nation’s largest banks profit from their debt burden.

With all the other battles waging between the administration and House Republicans, this one has largely flown under the radar.  But it may be the most important of all the fights so far.  If the House Republicans get their way then the very actors who brought on (and profited from) the Great Recession will not only go unpunished in the short term, they will be rewarded long-term for those same destructive practices.

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photo courtesy of David Shankbone 2010 via Flickr

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180 comments

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2:04PM PDT on Mar 27, 2011

Elizabeth is a true American! She cares about her Country more than her checkbook which is rare in politics these days. Her America is not for sale!!!!
Thank you Elizabeth!!!!!!!!!!!!!!!

8:31PM PDT on Mar 24, 2011

Go to YouTube and watch "The Ally Effect". This young coach is amazing and will help make the world a better place for all gays.

6:18PM PDT on Mar 24, 2011

The media never even mention Elizabeth Warren anymore. So much for the liberal press. I'm all for her and her agency. More power to her. She needs to take the Republican nitwits to task.

6:13PM PDT on Mar 24, 2011

All ya' Far Right freaks, get out of our lives..
Get out of our hair!

'Cause all ya' really wanna do is stomp out our freedoms,
kill off our wildlife, and poison our water and air!

And we ain't gonna conform to your rigid dogma..
Nor your repressive ideology!

So why don't ya' build yourselves a time machine
and leave the 21st Century!

Go back to the 1500's, the Dark Ages...
and hang out with the Inquisition!

Don't even try to run us through the ground...
'Cause we'll NEVER support your position!

And so all ya' right-wing fruitcakes..
Get out of our lives, 'cause you have no place!

And take that pinko-Nazi wind-bag Rush Limbaugh with you..
We don't need to hear his loud mouth nor see his ugly face!

It seems like you freaky Far Right fruitcakes wanna do
Is spread lies, hate, and fear!

We don't need your oppressive dogma...
Only freedom, diversity, and prosperity is spoken here!

11:48AM PDT on Mar 23, 2011

There are many out there that support you, Elizabeth. Thank you for being one of the few standing wih the people and not with the thieves on Wall Street.

9:50AM PDT on Mar 23, 2011

Peter, thank you for the petition site! I have sent it on to others.
It appears big business, big banks and wall street are like spoiled teenage brats who do not want anyone knowing what they are up to or monitoring their bad behavior. It is refreshing to have someone in this position who cannot be purchased.

9:38AM PDT on Mar 23, 2011

Here's a petition:

http://www.citizen.org/warren-for-cfpb

She, Bernie Sanders, and a few others, standout honest folks in DC.

6:49AM PDT on Mar 23, 2011

Noted! Thanks for the infor. Very brave lady!!! : ) Bravo!

12:52AM PDT on Mar 23, 2011

Thank you Ms. Warren! You are tougher than they think and we are behind you!

9:36PM PDT on Mar 22, 2011

BTW, Sharon H, dear, I'm trying to figure out what you were talking about when you told me "how dare I take a shot at Sarah". Can't seem to find that one-liner. Help, please!

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