General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSo, you gonna help Elizabeth Warren save our asses or just look at cat pictures all day?
from my email ...
Scuba,
When is the last time the government took a big Wall Street bank all the way to trial for breaking the law?
That's what I asked some of the country's top federal banking regulators at my first Banking Committee hearing this week.
The question stumped the panel. There have been some landmark settlements over the past couple years, but the pattern in Washington has been to settle with the big banks and reach voluntary agreements rather than ever go all the way to trial.
I think that's wrong. The government's unwillingness or inability to take the big banks all the way to trial reduces its leverage in settlement negotiations. It also means that what the big banks did wrong -- the days and days of testimony about illegal mortgage foreclosures or collusion on interest rates -- stay hidden from view.
I'm going to keep asking hard questions. I'm going to keep fighting for across-the-board, consistent accountability -- no matter how big the corporation or how politically connected it is.
But I need your help.
http://my.elizabethwarren.com/page/m/2852d538/458c0d76/6b6e8a38/66b5034a/3240440731/VEsF/
The Consumer Financial Protection Bureau we worked so hard to create is pushing back on big banks, but the Senate Republicans are blocking a vote on the nomination of my friend Richard Cordray to be its permanent Director. We need to demand that Rich Cordray gets an up-or-down vote.
Why are the Senate Republicans blocking a vote on Rich Cordray? Just take a look at what the agency has done so far.
The CFPB has already forced the credit card companies to return nearly half a billion dollars that they had cheated from consumers. The agency is helping students get better information about student loans and has a hotline to help consumers get back money when they have been cheated. And the agency has put out new rules on mortgages that will protect families and level the playing field between small financial institutions like community banks and credit unions and larger ones.
In other words, the agency is starting to work.
But for two years, Senate Republicans have held Richard Cordray hostage, saying they will block any vote on Director unless the Senate Democrats agree to weaken the agency and limit its ability to hold the big banks and credit card companies accountable.
They don't want to see strong enforcement of our laws, plain and simple.
It took hundreds of thousands of people across the country fighting for an up-or-down vote to get a Consumer Financial Protection Bureau -- and now it's going to take hundreds of thousands of people fighting to get Rich Cordray confirmed.
This week, I joined Senators Tim Johnson of South Dakota, Jack Reed of Rhode Island and Sherrod Brown of Ohio to call for an up-or-down vote on Rich Cordray. I'm going to keep on fighting each and every day until he gets a vote.
Will you help us keep fighting to level the playing field for working families? Sign my petition to demand an up-or-down vote for Rich Cordray now.
http://my.elizabethwarren.com/page/m/2852d538/458c0d76/6b6e8a38/66b5034a/3240440731/VEsF/
Thank you for putting the wind in our sails to keep fighting. This is how we bring real change -- we do it together.
Elizabeth
MFM008
(19,804 posts)freshwest
(53,661 posts)hedda_foil
(16,372 posts)Angry Dragon
(36,693 posts)Last edited Sat Feb 16, 2013, 09:43 PM - Edit history (1)
in my opinion they are TRAITORS for they took an oath to protect the people
indepat
(20,899 posts)the most affluent, almost always to the detriment of we the people. How do I know? By the body of their works. Recent legislation provided a large gift to Amgen and tax cuts to those earning $250,000 to $450,000 although those clamoring for those specific tax cuts to be included are now demanding deep cuts in social security and Medicare.
Angry Dragon
(36,693 posts)nadinbrzezinski
(154,021 posts)Ok it's work
jberryhill
(62,444 posts)Can we look at cat pictures now that the petition is out of the way?
freshwest
(53,661 posts)76, oooish sigs so far.
http://www.democraticunderground.com/10022369509#post12
Don't know if it's more direct that way.
ProSense
(116,464 posts)Why are the Senate Republicans blocking a vote on Rich Cordray? Just take a look at what the agency has done so far.
...because his job is to protect consumers.
Warren, Brown, Reed demand majority vote on Cordray nomination
http://www.democraticunderground.com/10022369509
Lifelong Protester
(8,421 posts)thanks!
Squinch
(50,946 posts)annabanana
(52,791 posts)magical thyme
(14,881 posts)and thread recc'd.
And for the record I wasn't looking at pix of teh kittehs. I was looking at pony pix.
rhett o rick
(55,981 posts)quite a bit in debt.
MotherPetrie
(3,145 posts)niyad
(113,257 posts)OneGrassRoot
(22,920 posts)Agony
(2,605 posts)corrupt fracking republicans
MrYikes
(720 posts)we need to be ready to stand up for her when the banks start pressing her.
The first time you hear or see someone being negative about her post it here so that we can pounce on it. Protecting her needs to be one of our priorities. There are so few shining stars.
sheshe2
(83,731 posts)NYC_SKP
(68,644 posts)NightOwwl
(5,453 posts)nenagh
(1,925 posts)savebigbird
(417 posts)Now, back to looking at cats.
UtahLib
(3,179 posts)t
libodem
(19,288 posts)Sistah!!!
CrazyOrangeCat
(6,112 posts)Chef Eric
(1,024 posts)calimary
(81,209 posts)Katashi_itto
(10,175 posts)Katashi_itto
(10,175 posts)BTW I plan on applying to the SEC after I get my CPA.
I want to go Bankster hunting...
Signed too
Scuba
(53,475 posts)Katashi_itto
(10,175 posts)I can only hope!
johnnyreb
(915 posts)"Thank you! Help Elizabeth Keep Fighting..."
Ready for the cat pictures.
Babel_17
(5,400 posts)we can do it
(12,180 posts)Spitfire of ATJ
(32,723 posts)....was her Indian heritage.
Scuba
(53,475 posts)Hissyspit
(45,788 posts)...and no cat pictures.
WillyT
(72,631 posts)NightWatcher
(39,343 posts)She knows what to do, that's why the voters put her there. She knows what the petition says, why can't she just act on it? A Senator has the power to act on these things. If she doesn't have the gravitas to get this done, a few thousand signatures of the nobodies outside of DC aren't going to give her any additional power.
The repukes don't want any votes. They are going to obstruct even if every American signs the petition.
LeftInTX
(25,241 posts)Back to watching Russian meteor and Bollywood videos.
donheld
(21,311 posts)All this serious shit alone would drive us all insane. We need the light hearted to balance out the horrors of life.