Thursday, March 31, 2011

The GOP's Pathetic Attack on Elizabeth Warren

The GOP offensive to derail the Consumer Financial Protection Bureau is directed at Warren, a fierce advocate of financial fraud protections for citizens. These attacks are a greedy push to allow the financial sector to maximize profits at the expense of ordinary folks and avoid regulations designed to prevent a repeat of the mortgage crisis. It is a moment reminiscent of the failed attempt to establish the Consumer Protection Agency championed by Ralph Nader in 1978, in which President Carter failed to actively seek votes for passage. Clearly, Obama will need to step up if the CFPB is to be nothing more than a shell of what it promises to the public.
http://motherjones.com/mojo/2011/03/gop-bachus-elizabeth-warren

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