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Showing posts with label banking oversight. Show all posts
Showing posts with label banking oversight. Show all posts

08 April 2016

WATCH: Warren to bank regulator: "Did you have your eyes stitched closed?" 6APR16


+Senator Elizabeth Warren D MA has spent her political career working for, fighting for the poor and working and middle classes. Sen Warren is responsible for the establishment of the CFPB / Consumer Financial Protection Bureau and has to fight ever year to make sure it is not weakened by republican budget cuts and by republican legislation intended to lessen it's regulatory authority. Sen ted cruz r TX, republican presidential primary candidate wants to shut the CFPB down because citibank was fined $700 million for deceptive practices. She is not intimidated by anyone, is fearless when standing up for the American people. Watch this video of Sen Warren taking on a bank regulator for failing to do his job and playing a decisive role in allowing the 2008 recession to happen. Since Sen Warren decided not to run for president this year we need to keep hr in the US Senate. Click the link to donate to her campaign. From the +BoldProgressives /PCCC.....




This video of Elizabeth Warren roasting a bank regulator who refused to regulate banks has been viewed over a million times since yesterday afternoon. The regulator's failure has been cited as a "prime example" of the hands-off regulatory approach that led to the economic collapse in 2008.
If all Democrats were like Elizabeth Warren, people would think of Republicans the way they think of muskets and cotton gins -- things they've read about but never actually seen outside of a museum.
Republicans tried to use this hearing to show that regulating banks costs too much. Elizabeth Warren turned that on its head, opening her questions saying, "I want to focus on the other side of the equation, and that is the cost to American families of failing to regulate."

Senator Elizabeth Warren at Banking Hearing on Consumer Finance Regulations

Published on Apr 5, 2016
Senator Elizabeth Warren's Q&A at an April 5, 2016 Senate Banking Committee hearing titled, "Assessing the Effects of Consumer Finance Regulations."

More information about the hearing is available at http://1.usa.gov/1S2V1sQ.
Thanks for being a bold progressive.
-- Keith Rouda, PCCC organizer


Want to support the Warren wing? Senator Elizabeth Warren says, "When PCCC members donate millions in small-dollar donations and make millions of phone calls for progressive candidates, leaders in Washington, they take notice." Chip in $3 here.
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01 December 2012

Tell Harry Reid; Don't block Elizabeth Warren from the Senate Banking Committee 1DEZ12

NOBODY HAS THE MORAL AUTHORITY TO SERVE ON THE SENATE BANKING COMMITTEE THAT SEN ELECT ELIZABETH WARREN D MA DOES. While the nation is still recovering from the great recession caused by the bank-financial cabal and wall street gop and democratic Senators bought by these groups are moving to exclude Ms Warren from the Senate Banking Committee. The American financial industry is terrified of her because they don't own her and because she knows all their dirty tricks. The SumOfUs has a petition calling on Senate Leader Harry Reid D NV to appoint her to the Senate Banking Committee, click the link to sign it, and pass this on to family and friends for them to sign it too.
Big banks are lobbying frantically to block Elizabeth Warren from the Senate Banking Committee.
Victorious Elizabeth Warren
Tell Harry Reid not to cave to Wall Street, and to let Elizabeth Warren on the Senate Banking Committee if she wants the position.
Sign the petition.
For years now, Wall Street has held sway over the Senate Banking Committee. The committee is stacked with industry-friendly Republicans and Democrats whose largest donors are big banks. Through this cozy influence, Wall Street has managed to ride out scandal after scandal relatively unscathed.
Which is exactly why Wall Street is terrified of Elizabeth Warren. After spending millions to defeat Senator-elect Warren, Wall Street is opening its purse again in a frantic attempt to block her from the Senate Banking Committee and prevent themselves from being held accountable for their greed. On this decision, Senate Majority Leader Harry Reid has the final say, which is why we need to get him to stand strong. Americans finally have someone in the Senate who will stand up to Wall Street, but first we need to make a stand for her.
Tell Majority Leader Harry Reid: Don’t block Elizabeth Warren from the Senate Banking Committee.
Senator-elect Warren is incredibly qualified for the position. She is a bankruptcy law expert, has served as Congress' lead watchdog overseeing the $700 billion bank bailout from 2008 to 2010, and she conceived of and helped launch the Consumer Financial Protection Bureau (CFPB). In the words of hedge fund manager Shah Gilani, "At exactly the time that big banks don't want more oversight—or another potentially activist regulator—that's what they're getting."
Currently, the Senate Banking Committee is chaired by Senator Tim Johnson, whose two biggest donors have been Citigroup and JP Morgan, and is stacked with a number of Republicans that are in big banks' back pocket. Together, we can let Harry Reid know that we voted for financial oversight, not for more of the same politicians bought out by Wall Street.
Sign our petition to ensure that Wall Street won't block Elizabeth Warren from the Senate Banking Committee.
Thank you,
Claiborne, Kaytee and the rest of us


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Further information:
Forbes: Elizabeth Warren's Big Win Is A Crushing Defeat For Big Banks, 7 November, 2012
Mother Jones: Big Banks v. Elizabeth Warren: It's On (Again!), 19 November, 2012
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