Alliance for Democracy

Support Elizabeth Warren for Chair of Consumer Financial Protection Bureau

Posted in Chris Dodd, Elizabeth Warren, Max Baucus, Tim Geithner by Alliance for Democracy Portland OR on July 20, 2010

One of the best aspects of the recently passed financial reform bill is the creation of the Consumer Financial Protection Bureau (another was that the publicly traded corporations must now report annually the size of the gap between their top executive’s and their average workers’ pay -this from weekly e-newsletter Too Much, an online weekly on excess and inequality). 
 
Elizabeth Warren has been the voice of the people in congress opposing and exposing Wall Street and needs to be appointed to oversee the new Bureau.  But wall streeter Tim Geithner and presently the US Treasury Secretary has problems with her.
 
Please make the calls and support her to head the new bureau.
 
Note that you can sign up to receive Alliance for Democracy e-Alert directly at the national Alliance for Democracy website at www.thealliancefordemocracy.org.  or directly at http://org2.democracyinaction.org/o/5228/t/2838/signUp.jsp?key=297.  And you can join national Alliance for Democracy here.  The standard membership is just $35.00 but you can welcome to contribute either more or less.  Just join us.

David e. Delk, Alliance for Democracy – Portland Chapter, 503.232.5495
 


Alliance for Democracy e-Alert
www.thealliancefordemocracy.org
July 19, 2010   Please forward widely
 
Action Alert:  Protect Consumers not the Big Banks!
Support Elizabeth Warren for Chair of the Consumer Financial Protection Bureau

The newly created Consumer Financial Protection Bureau needs strong leadership. That’s Elizabeth Warren. As chair of the five-person Congressional oversight panel for the $700 billion bailout fund (TARP), Elizabeth Warren has proven she has the intellectual understanding and fortitude to call the shots as she sees them with the government’s bailout of the big banks. She proposed the creation of the Consumer Financial Protection Bureau. Now the Bureau has been created by Congress as part of the banking reform bill and she is the most qualified candidate to be chair.

So what’s the problem? Treasury Secretary Tim Geithner is lukewarm about Warren because she is much harder on the big banks than he is. Some say he is actively opposing her appointment.

President Obama will make the appointment in the very near future. Then the Senate must confirm it. To counter Geithner’s influence in the administration, we need key Senate chairs to tell the President they want Elizabeth Warren appointed as chair.

Here is what you can do.
1) Call the Senate offices of key committee chairs and tell them you want Elizabeth Warren appointed.
     a.    Senator Chris Dodd, Chair of the Banking Committee, (202) 224-2823
     b.    Senator Max Baucus, Chair of the Finance Committee, (202) 224-2651
2) Sign the Credo Action petition here.

For more background, see this article on the AtlanticWire website.

Make the calls and sign on to the petition–let’s get bureau leadership that works for the people, not Wall Street insiders. Thank you!


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One Response

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  1. mgaz said, on July 20, 2010 at 12:14 pm

    Hey I’d like to offer my 2 cents to help. I’ve created a little site hoping to introduce Elizabeth Warren to a larger audience than may already know her. You can find it by visiting http://www.americawantswarren.org and if you think its useful please pass it on to friends and family to help spread the word about how great she is! Thanks!


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