Elizabeth Warren: Too Good, Too Smart. Too Able for Wall Street Approval

[Better Believe It]

Statement by Ralph Nader on the rejection of Elizabeth Warren by President Barack Obama to be the Director of the new Consumer Financial Regulatory Bureau.

Too Good, Too Smart, Too Able for Wall Street Approval
by Ralph Nader

To dump Elizabeth Warren, the most qualified, most motivated and most articulate candidate for the directorship of the Consumer Financial Regulatory Bureau is an act of political cowardliness by President Obama and a boon to anti-consumer Republicans and their corporate paymasters in Wall Street.

Elizabeth Warren apparently is just too good, too smart, and too able to arouse the just concerns of millions of American families about the need to put the law-and-order wood to the corporate criminals, defrauders and reckless speculators with the savings and pensions of millions of Americans.

President Obama should realize that his back-of-the-hand attitude to his liberal and progressive supporters – who sent him to the White House – can have consequences. He believes they have no where to go. But they do. They can stay home in 2012, as so many did in 2010 to the detriment of the Democrats and many Congressional races.

http://www.commondreams.org/further/2011/07/17

[liberalla]

1. I wish she could have been the one, but at least

Richard Cordray was hand picked by Warren.

good article-
http://motherjones.com/mojo/2011/07/obama-elizabeth-warren-cfpb-cordray-senate

[Better Believe It]

5. Obama could have appointed her but didn't. That's the point.

Sure don't want to get Republicans, the business "community" and Wall Street all angry and upset.

[liberalla]

7. Well, I never thought he was going to and yet,

I hoped to be surprised.

[Enthusiast]

10. Angry and upset?

How about arrested and carted off to jail. Because that is where real oversight and investigations would get us. Instead we're going to have a little smoke screen.

[Ninga]

2. Didn't Warren reject the idea of a 5 yr term appointment?

[Better Believe It]

3. No. One can always resign early.

[ProSense]

4. "They can stay home in 2012,

as so many did in 2010 to the detriment of the Democrats and many Congressional races."

Ah, there goes Nader campaigning for Republicans again.

Fuck Ralph Nader.

[Bobbie Jo]

8. et al....

+1

[DCKit]

6. He nailed it. Everything I thought would (not) happen. Perfect synopsis. nt

[indepat]

9. Include this puppy among those who will stay home barring some strongly leftward

movement toward the center. :patriot:

[Enthusiast]

11. I'd like to see a strong leftward

movement toward the center. I'm not counting on it.

[bvar22]

12. NPR yesterday said that Warren was dropped because..

..the Republicans in the Senate would have fought her appointment.

Oh YES.
The Democratic Majority and the White House must avoid a "fight in the Senate" at all costs!
:cry:


"If we don't fight hard enough for the things we stand for,
at some point we have to recognize that we don't really stand for them."
--- Paul Wellstone

[snooper2]

13. dude, we are SOOO waiting for your next record

any date yet?

[JoePhilly]

15. LOL!!!!!

:rofl:

[ProSense]

14. Elizabeth Warren has a message for Ralph Nader

here.

[Better Believe It]

16. Paul Krugman on Obama's failure to appoint Warren

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x1514439

[cali]

17. dear ralph, do you really think there's only one person for the job?

Cordray looks like a great appointment.