Saturday, July 24, 2010

U.S. Consumers Left Out in the Cold

And here I was so hot for her.

I can see why she didn't go over well in Washington.


"Push on to have professor head consumer agency; Obama preference unclear; backers are urging Warren" by Michael Kranish, Globe Staff | July 22, 2010

WASHINGTON — Harvard Law School professor Elizabeth Warren’s legion of supporters, many of whom have come to know her from her appearances on newscasts, “The Daily Show With Jon Stewart,’’ and in a Michael Moore documentary about capitalism....

"Sicko" was better.


Yet inside the Obama administration, top officials have debated whether to nominate her to run the bureau, in part because of concerns that she is seen by some as a divisive figure and would stir a controversy in the Senate....

Translation: This administration is in Wall Street's pocket.


The online petition created by Warren’s supporters suggestswithout evidence — that Warren is opposed by Treasury Secretary Timothy Geithner. “Tim Geithner is a longtime Wall Street insider, and if he’s recommending against Elizabeth Warren, that’s all the more reason to appoint her,’’ the petition says.

I agree with the quote, and find insulting by the agenda-pushing, war-promoting liar's defense of the bankster.


Administration officials denied that Geithner has opposed Warren’s nomination, but they acknowledged that Obama is considering other candidates, including a top Geithner aide, Michael Barr, the assistant secretary for Financial Institutions.

Oh, HE is going to get the job?


Some leaders of the pro-Warren forces believe that Geithner became too close to Wall Street in his prior job as head of the Federal Reserve Bank of New York and thus question his judgment.

“Geithner has consistently been the advocate for the bank’s perspective,’’ said Aaron Swartz, a Cambridge-based high tech entrepreneur who cofounded the Progressive Change Campaign Committee, which organized the petition drive for Warren’s nomination....

Geithner has refuted charges that he is too close to Wall Street banks....

And the MSM just lets it lie there.

Yup, Geith said it so it must be true.

Warren has long been seen as having an inside track to the job....

She was just passed on the outside.

But Warren appears to have upset some within the administration as a result of her chairmanship of the Congressional Oversight Panel, which reviews spending of the $700 billion set aside by Congress to respond to the 2008 financial crisis.

Like who?

Warren has used her position as head of the panel to call Geithner to testify about the spending for what has been called the Wall Street bailout. In one hearing, Warren lectured Geithner about his handling of the bailout....

I think he is opposed to her nomination despite what the liars in the White House and MSM say.

Warren, who used her front-row seat at yesterday’s signing ceremony to snap pictures as the president signed the bill, declined afterward to comment on a potential nomination.

One of Warren’s most vigorous supporters has been House Financial Services chairman Barney Frank. In an interview yesterday, Frank said he has reemphasized his support of Warren to the Obama administration during the last week and expressed frustration at the possibility that the White House might decline to nominate her in order to avoid a Senate fight.

“I’m not sure that being easily confirmable is a condition I’d want to brag about,’’ Frank said.

Senate Banking Committee chairman Christopher Dodd of Connecticut said in an interview after the signing ceremony yesterday that “I don’t know’’ whether Warren can be confirmed. “I like Elizabeth very much,’’ Dodd said, while adding, “I need a nominee who can get 60 votes.’’

Related: Senate Sends Along Financial Fraud Bill

How does it feel to wrap-up a career with a flopping failure, Chris?

The financial bill was approved with 60 votes — the number needed to overcome a filibuster — with three Republicans from New England joining with 57 Democrats. A similar vote may be needed to enable Warren’s confirmation. The Republicans were Senators Susan Collins and Olympia Snowe of Maine and Scott Brown of Massachusetts. Collins and Snowe did not respond to a request for comment. Brown spokesman Gail Gitcho said the senator “will review the qualifications of the nominee once there is one.’’

The US Chamber of Commerce, which spent millions of dollars on a campaign that it called “Stop the Consumer Financial Protection Agency,’’ said it is not taking a position on Warren. But David Hirschmann, president of the Chamber’s Capital Markets Center, said in an interview that he is concerned that there would be “an unprecedented amount of power in one individual....’’

Doesn't seem to be an issue when it is the president or FED CHAIRMAN!

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