Casting Aside Elizabeth Warren

[Crewleader]

August 4, 2011

An Open Letter to President Obama

Casting Aside Elizabeth Warren

By RALPH NADER

Dear President Obama,

Today is Elizabeth Warren's last day at the Treasury Department where she performed, in your opinion, very commendably in laying the groundwork and recruiting the excellent staff for the new Consumer Financial Protection Bureau inside the Federal Reserve.

At the same time that you cast her aside from the position to head the Bureau--clearly the most impressive candidate for that responsibility on many criteria--your emissaries were busy at posh Manhattan restaurants raising money from the Wall Streeters. Very successfully so. Reports are that of the first $100 million of your $1 billion campaign warchest, over one-third has come from the financial industry.

Wall Street bankers and brokers were opposed to the nomination of Elizabeth Warren. Everyone knows why. She has their number and she would have been a knowledgeable tough federal cop on the financial corporate crime, fraud and deception beat. Millions of fleeced Americans, many of whom lost their pensions, their savings, their investments, needed and wanted her to be at the helm.

Does it bother you at all to know that as you were doing what Wall Street wanted you to do vis-à-vis Elizabeth Warren, your people were begging Wall Street for money and implying that you've earned their support because you just turned your back on your liberal/progressive base that sent you to the White House and did Wall Street's bidding?

http://www.counterpunch.org/nader08042011.html

[jaxx]

1. Poor old Ralph, always a loser.

[SugarShack]

4. Honey, we are the losers as consumers. Hopefully Liz will run for senate.

[jaxx]

5. Hopefully she will.

It's really annoying when people like Ralph refuse to listen to what she said and instead try to promote their wishes as facts. But then, that's what Ralph is all about....nothing factual.

[sabrina 1]

7. What's annoying is when a President doesn't stand up for

people like Elizabeth Warren who would do more good for the American people than just about anyone else in that position, looking out for their interests, holding people like Tim Geithner accountable for whatever it is he is up to.

Yet, the WH will beg Timmy Geithner, part of the problem for the American people and tax cheat, to stay.


We didn't Ralph Nader to point out the habit of this WH of ditching anyone the Republicans and Wall St. complain about. The list is growing long.

[jaxx]

9. Ralph's been sidelined by the oh looke there spin.

[shraby]

2. When she took the position, she said she didn't want to

head that agency..just set it up to do the most good.

[sabrina 1]

8. Do you have a link for that please?

Airc, she was up for the nomination and did not say 'please remove my name as a nominee for this position'.

[TheWraith]

10. Here you go.

"Elizabeth Warren made it clear to the White House while it was debating her nomination to the Consumer Financial Protection Bureau that she was not interested in a five-year term to run the agency. Barney Frank, a Warren ally, delivered that message to the White House, he told HuffPost in an interview Thursday.

"She always said she didn't want to be there as a permanent director. Some of the liberals are worried about it. It's almost an insult to Elizabeth. She wouldn't take this if there was the slightest impediment to her doing the job," he said."

http://www.huffingtonpost.com/2010/09/16/warren-didnt-want-permane_n_719932.html

[sabrina 1]

11. "Barney Frank: Elizabeth Warren Should Head CFPB, By Recess Appointment If Necessary"

Barney Frank: Elizabeth Warren Should Head CFPB, By Recess

If President Obama fears Elizabeth Warren won't be confirmed by the Senate to head the new Consumer Financial Protection Bureau, he should just appoint her while the Senate is on one of its many vacations, House Financial Services Chairman Barney Frank said Friday.

Referring to her as "far and away the best candidate," Frank said Warren, a noted consumer advocate and bailout watchdog who conceived the agency in a 2007 article, not only cares about protecting consumers but also has the political chops to get things done for them in Washington.

Elizabeth Warren want the job. Wall St. did not want her so she didn't get it.

Barney Frank wanted her in the job and urged the WH to use the recess to make the appointment, but it didn't happen.

His statement that she didn't want the job permanently, has been used to try to excuse the lack of guts on the part of the WH to stand up for the people who would best represent the American people. She did not want it permanently but she stood for the job and the WH did not back her or appoint her when they could have.

[TheWraith]

12. Your article is older than mine. July 2010 versus September 2010.

No doubt that statement on his part was why she talked to him and explained that she didn't actually want the job.

[sabrina 1]

13. Barney Frank on July 29th, 2011:

“Ms. Warren encountered from some people, maybe unconscious on their part, the notion that very strong-willed women with strong opinions might have a place, but not in the financial sector,” said Frank, ranking member of the House Financial Services Committee.

Though Warren, who chaired the Congressional Oversight Committee on TARP funding, had been tapped by the White House as an adviser for the creation of the agency, the administration earlier this month instead nominated former Ohio attorney general Richard Cordray for the post (the nomination awaits Senate confirmation).

So, which is it? She didn't want the job, or as Barney Frank said at the end of July, it was 'gender bias' the prevented her from getting it?

And on the nomination of Richard Cordray Frank had this to say:

Rep. Barney Frank

I have strongly supported Elizabeth Warren and she would be my first choice for the position. I regret that she has fallen victim to such wholly unjustified political attacks. The President has made the second best appointment possible

Not that she didn't want the job, but she was a victim of politics, again.


Like Brooksley Born before her, Wall St. ran her out of town and WE will pay the price, as we did when Born was forced out by Clinton's Economists, oddly many of the same group chosen by this president.

Born, like Warren, has refrained from saying what she really thought of what happened, but since then, others have spoken out about the events that led to HER quitting HER job also. Born doesn't need to give the details, they have emerged with time, as will the details of this disaster be revealed.

Wall St. does not want actual Consumer Watchdogs and until we get Wall St. OUT of our government, people like Warren will never be allowed to do their jobs. That means electing people who do not have the kind of ties to Wall St. that this president has.

It is pure spin to claim Warren didn't want the job. She did not want to force the WH to take on a fight it was clear they did not want.

[TheWraith]

15. And that contradicts my point... where?

Frank says he thought she was the best choice, and he thinks that her not wanting the job is due to attacks on her. In other words, his speculation. At no point is he saying she wanted it. The only spin is trying to create a scenario where the White House is the bad guy for not forcing her to take a job she told them she didn't want.

[sabrina 1]

16. Please stop. You are being silly now.

She stood for the job and then realized the WH didn't want her. It really is simple. She had a long time to say she did not want the job, but did not do so. She wanted the job. The WH and Wall St. did not want her in the job.

We will hear the details before long, but we know the WH refused to nominate her because Geithner is afraid of her. She is not someone he could fool as was evident in her questioning of him about the Mortgage Modification money which he has not distributed to those it was intended for. She exposed him completely during those hearings.

She most definitely wanted the job but when she saw that the WH was not going to stand up for her, she didn't want it anymore. Stop spinning, everyone knows what happened.

[MADem]

3. Ralph Nader, shit-stirrer, liar, and attention-seeking LOSER.

If she runs for Senate, he'll have a tough time justifying this fiction, the putz.

[sabrina 1]

6. Ralph, telling the truth as always.

An absolute shame that this WH did not fight for that appointment. But then, she ran rings around Geithner, forcing him to talk about why he held up money that was supposed to help people stay in their homes.

What Timmy wants Timmy gets in this WH. And he surely did not want her. She made him look like a kid who had raided the cookie jar, which I guess he has done.

[Crewleader]

14. Well said sabrina1

I'm a strong supporter of Elizabeth Warren and I want to thank you for your posts! :)

[sabrina 1]

17. Me too, Crewleader. What a loss it is that good people like

her can no longer get a job representing us. And the GOP will not nominate anyone, anyhow, as they have stated. So the WH may as well have stood up to them and put her in place and then let the GOP try to stop her from doing her job. She would have had huge popular support if they had tried that.

[PassingFair]

18. Neither party wants a REAL REFORMER anywhere NEAR real power.

We'll need her when the house of cards falls down.

[Hotler]

19. kicking n/t

[Crewleader]

20. Elizabeth's Story

:hi:



http://elizabethwarren.com/biography?utm_source=sp4150891&utm_medium=e&sc=sp4150891&refcode=sp4150891