Elizabeth Warren To Introduce President Conflict of Interest Act

[GoLeft TV]

Democrats in Congress, led by Senator Elizabeth Warren, are trying to fight back against Donald Trump before he even takes office by introducing a Presidential Conflict of Interest Act that would prohibit a sitting president, his family, or anyone with direct contact with the president from operating a business that could benefit from the Office of the President. This could spell an immediate disaster for Trump and ultimately pave the way for impeachment. Ring of Fire’s Farron Cousins discusses this.

[SlimJimmy]

1. Like this has a snow ball's chance in Hell of passing. What's the point?

[Plucketeer]

2. The point???

The Dems have stood whimpering in the shadows of the GOP for years! And "the point" is, I want that to change.

[SlimJimmy]

3. She sponsors a bill that never sees the light of day. Brilliant.

Why don't we do more stupid stuff, and call that success as well. What we really need to do is fight the fights we can win, and stop with the fights that are just a waste of time. Did we learn nothing from the Bush Jr. years?

[Plucketeer]

4. So in the meantime

she should just shut up until she comes up with an idea the Rethugs will embrace??? When will that happen?

[SlimJimmy]

7. I didn't say she should shut up. But her time would be better spent working on a bill that would

make it out of committee.

[Plucketeer]

9. Such as???

Proposing Trumps head be added to Mt. Rushmore? I'd love to hear what sort of initiatives she could spend her time on that would find welcome or even reasonable consideration from McTurtle and his fellow reptiles.

[SlimJimmy]

10. She could push to keep the Consumer Protection Agency intact.

10 Things Elizabeth Warren's Consumer Protection Agency Has Done for You

The Consumer Financial Protection Bureau (CFPB), the watchdog agency conceived of and established by Sen. Elizabeth Warren (D-Mass.) in the wake of the financial crisis, had a hard time getting on its feet. The GOP tried everything it could to hobble the bureau, but to no avail. Over the past couple of years, the CFPB has issued dozens of protections shielding consumers from shady practices by mortgage lenders, student loan servicers, and credit card companies. Here are ten things the CFPB, which was created in 2011, has done to protect the little guy:

1. Mortgage lenders can no longer push you into a high-priced loan: Until recently, lenders were allowed to direct borrowers toward high-interest loans, which are more profitable for lenders, even if they qualified for a lower-cost mortgage—a practice that helped lead to the financial crisis. In early 2013, the CFPB issued a rule that effectively ends this conflict of interest.

2. New homeowners are less likely to be hit by foreclosure: In the lead-up to the financial crisis, lenders also sold Americans "no doc" mortgages that didn't require borrowers to provide proof of income, assets, or employment. Last May, the bureau clamped down on this type of irresponsible lending, forcing mortgage lenders to verify borrowers' ability to repay.

3. If you are are delinquent on your mortgage payments, loan servicers have to try harder to help you avoid foreclosure: During the housing crisis, loan servicers—companies that collect payments from borrowers—were permitted to simultaneously offer a delinquent borrower options to avoid foreclosure while moving to complete that foreclosure. New CFPB rules force servicers to make a good faith effort to keep you out of foreclosure. That's not all: Loan servicers will now face civil penalties if they don't provide live customer service, maintain accurate mortgage records, and promptly inform borrowers whose loan modification applications are incomplete.

http://www.motherjones.com/politics/2014/02/elizabeth-warren-consumer-financial-protection-bureau

[Plucketeer]

11. What sort of inside info

do you have that she's not defending it?

[SlimJimmy]

12. I have only read that she is in strong favor of keeping it, nothing about any legislative efforts.

[mreilly]

5. The point? That's easy!

Of COURSE the Republicans will block it, moaning and crying that big bad ole Liz is just "playing politics" and "being mean." And this serves to show, just like with their attempt to eliminate the ethics commission, that they DO NOT CARE about ethics or integrity.

Add this to another string of similar bills and it presents a very clear and incontrovertible picture: The Republicans are corrupt, evil and do not have the American people's interest.

She is giving them rope and inviting them to go hang themselves.

[SlimJimmy]

8. I see your point, but I still think she's spinning her wheels.

[raging moderate]

6. GOP accused Gore of fund-raising calls from the Veep Office.

Although I think he hadn't, still, they made a big stink about it. So that is illegal, right? And isn't there that emoluments clause in the Constitution? Conflict of interest is already illegal for a sitting President. I am thinking that we have had several Presidents who would gladly have moved their businesses right into the White House, but they didn't or at least they had to sneak it. It seems to me that our current problem is more a problem of non-enforcement of laws we already have. Maybe Warren and cohorts can frame this law as the reinforcement of ethical Presidential procedures.