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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsElizabeth Warren got millions from banks, too.
Why, just today, the CFPB Sen. Warren started took $800 million from Bank of America and gave it to cheated consumers, to settle claims against said bank.
Sen. Warren can take banker money as well as anyone in government. She just doesn't keep it for herself, that's all.
ProSense
(116,464 posts)"Why, just today, the CFPB Sen. Warren started took $800 million from Bank of America and gave it to cheated consumers, to settle claims against said bank. "
...thanks Obama!!!
You may not know this, but Obama is responsible for re-regulating Wall Street.
http://www.warren.senate.gov/files/documents/AFR%20Roosevelt%20Institute%20Speech%202013-11-12.pdf
One of my favorite clips
Sen. Elizabeth Warren (D-MA) took to Twitter on Tuesday in praise of the Senate's vote to advance Richard Cordray's nomination to the Consumer Financial Protection Bureau, calling it a "historic day for working families."
Elizabeth Warren ✔ @elizabethforma
I couldn't be more pleased that Rich Cordray will finally get the vote that he deserves. This is a historic day for working families!
1:11 PM - 16 Jul 2013
47 Retweets 26 favorites
http://livewire.talkingpointsmemo.com/entry/elizabeth-warren-cordray-vote-historic-day-for-working
Thank you Senator Warren.
Obama's CFPB under Richard Cordray "took $800 million from Bank of America"
More:
CFPB Sues ITT Tech For Allegedly Exploiting Students, Pushing Predatory Loans
http://www.democraticunderground.com/10024570346
Sen. Warren Praises New CFPB Mortgage Rules that Make Families, Economy Safer
http://www.democraticunderground.com/10024295777
Banks Ordered to Add Capital to Limit Risks
http://www.democraticunderground.com/10024798328
tridim
(45,358 posts)I hope some day Manny will understand that Senator Warren and The President are ON THE SAME TEAM and share the same goals.
Corruption Inc
(1,568 posts)Who's worst nightmare is truth.
tridim
(45,358 posts)psiman
(64 posts)Back atcha', Suxxor
sheshe2
(83,721 posts)Chan790
(20,176 posts)to positions in their administration should ever be mistaken for being on the side of the American people though. These are enemies of the middle class and American workers, taxpayers; more essentially, they are enemies of the best interests of the American public.
I like the President a lot, but he still has to atone for filling the financial, regulatory and Treasury positions in his administration with SAMO. At this point, he's still vocal in his support for that same 'ole (financial) shit. That's both sad and embarrassing.
1StrongBlackMan
(31,849 posts)appointed Elizabeth Warren and Richard Cordray to the CFPB and Kagan and Sotomayor to the SCOTUS?
ProSense
(116,464 posts)who did this: http://www.democraticunderground.com/10024781130
The attempt to avoid the fact that the CFPB is part of the President's Wall Street reform bill is hilarious. Still it's not as hilarious as attributing Cordray's achievements to Warren, who deserves a round of applause for introducing the concept and standing up the agency after being charged to do so by the President.
1StrongBlackMan
(31,849 posts)Sad and telling.
MannyGoldstein
(34,589 posts)Thanks, Obama
etc.
I love being able to praise our President, and am glad to do it loudly.
Use your head.
Gravitycollapse
(8,155 posts)I tip my hat to you, sir.
rhett o rick
(55,981 posts)with them. Maybe the 99% can scrape up some money and buy her allegiance back.
Chan790
(20,176 posts)I want her forced into retirement.
dionysus
(26,467 posts)fleabiscuit
(4,542 posts)She'll take it with a smile.
MannyGoldstein
(34,589 posts)And traitors can't be trusted, of course.
StevieM
(10,500 posts)joshcryer
(62,269 posts)I guess that's OK with OP since he's invoked Mark Udall before...
And another...
demwing
(16,916 posts)in $20 increments, by people who are not corporations
MannyGoldstein
(34,589 posts)she's beholden to many millions who could only afford $20 each. She'll do all sorts of stuff for that special interest!
demwing
(16,916 posts)hey! points back to us!
waddya know...
zeemike
(18,998 posts)"She just doesn't keep it for herself,"
She is obviously not fit to be president...she needs to read Atlas Shrugged and take the John Galt oath before she is fit.
Vashta Nerada
(3,922 posts)joshcryer
(62,269 posts)Shame on Warren for ceding to the powerful banking elite.
Nanjing to Seoul
(2,088 posts)I loves me some Elizabeth Warren!
cui bono
(19,926 posts)1StrongBlackMan
(31,849 posts)and appoint Elizabeth Warren to head it up?
tridim
(45,358 posts)Zorra
(27,670 posts)Agschmid
(28,749 posts)1StrongBlackMan
(31,849 posts)that he mis-attributed credit? ... again!
MannyGoldstein
(34,589 posts)1StrongBlackMan
(31,849 posts)I suppose it depends on who one asks ...
In July 2010, Congress passed and President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Act created the Consumer Financial Protection Bureau (CFPB). The CFPB consolidates most Federal consumer financial protection authority in one place. The consumer bureau is focused on one goal: watching out for American consumers in the market for consumer financial products and services.
http://www.consumerfinance.gov/the-bureau/creatingthebureau/
So I guess it could be President Obama; or maybe, Frank or Dodd; but I suppose, the idea could have come to you in a dream.
MannyGoldstein
(34,589 posts)I guess when you got nothing better...
It was Elizabeth Warren's idea, in 2007.
1StrongBlackMan
(31,849 posts)So if I propose, as a private citizen, an innovative program, without the ability to establish it. And, it gets picked up 3 years later, would it still be my program?
MannyGoldstein
(34,589 posts)If you were bestselling author on the subject of bankers screwing America, then proposed something called the "Consumer Financial Protection Safety Commission" in 2007, then lobbied like hell for it getting 3/4 of Washington and all of Wall Street to hate your guts, then the thing you proposed finally got done...
then yeah, I think you'd get credit.
1StrongBlackMan
(31,849 posts)ProSense
(116,464 posts)The longest lasting legacy of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act)1 may be the creation of the Bureau of Consumer Financial Protection (CFPB). First proposed in 2007 by Professor Elizabeth Warren,2 the agency materialized remarkably quickly, being enacted into law in 2010.3 Although it came together quickly, the CFPB was built to last. The Dodd-Frank Act provides it with broad authority, secure funding, and a powerful, independent director.4
That's from the source at your link. Again, this agency is the in place because of the President's Wall Street reform.
http://www.warren.senate.gov/files/documents/AFR%20Roosevelt%20Institute%20Speech%202013-11-12.pdf
One of my favorite clips
Sen. Elizabeth Warren (D-MA) took to Twitter on Tuesday in praise of the Senate's vote to advance Richard Cordray's nomination to the Consumer Financial Protection Bureau, calling it a "historic day for working families."
Elizabeth Warren ✔ @elizabethforma
I couldn't be more pleased that Rich Cordray will finally get the vote that he deserves. This is a historic day for working families!
1:11 PM - 16 Jul 2013
47 Retweets 26 favorites
http://livewire.talkingpointsmemo.com/entry/elizabeth-warren-cordray-vote-historic-day-for-working
Thank you Senator Warren.
Obama's CFPB under Richard Cordray "took $800 million from Bank of America"
More:
CFPB Sues ITT Tech For Allegedly Exploiting Students, Pushing Predatory Loans
http://www.democraticunderground.com/10024570346
Sen. Warren Praises New CFPB Mortgage Rules that Make Families, Economy Safer
http://www.democraticunderground.com/10024295777
Banks Ordered to Add Capital to Limit Risks
http://www.democraticunderground.com/10024798328
ProSense
(116,464 posts)Are you going to give Richard Cordray any credit for his hard work and leadership?
MannyGoldstein
(34,589 posts)Substitute Cordray for Warren and you'll see what I mean.
Enthusiast
(50,983 posts)Way to go, Manny!
erronis
(15,222 posts)You people are way too smart for me with your oratorical flourishes, left-handed compliments, right-fisted jabs.
It's hard to know if Who or Manny is on first, let alone at bat, but I enjoy the parrying and hope that the best might win.
AtheistCrusader
(33,982 posts)idendoit
(505 posts)You know your headline is a lie. That's like saying Lincoln benefited from slavery because hie spouse's family owned them.
emsimon33
(3,128 posts)pragmatic_dem
(410 posts)investigating and prosecuting Wall Street criminals as they do spying on our emails and text messages.
But, Democratic leadership has made a choice. And that choice is to protect the richest among us, while spying on everyone else and harassing whistle blowers.
Warren has been clear about the need for prosecution, I see no evidence that Democratic Party leadership agrees with her.
And Holder? He has been very good to rich and powerful people. Very good.
Holder should have been removed from his position for ineffectiveness.
Every minute Holder stays in office, it is a message that the rich and powerful are immune from justice.