Two days ago, President Obama signed the Wall Street Reform Bill, and now the Consumer Financial Protection Bureau (CFPB) is going to be a reality. However, the question now is whom he will appoint as head of the CFPB. Elizabeth Warren is a top candidate
Michael Konczal of New Deal 2.0 thinks Elizabeth Warren is a “far superior choice” than Michael Barr, the Treasury’s Assistant Secretary for Financial Institutions, because she recognizes and is a strong critic of the flaws of the failing Home Affordability Modification Program (HAMP). He says:
Democratic lawmakers believe that Elizabeth Warren is simply “indispensable” and the only person who can bring back “balance” between Wall Street and Main Street. As The Huffington Post reports: Democratic lawmakers are lining up to back the appointment of Elizabeth Warren to head the newly
Here is a roundup of editorials from last week that show the immense support for Wall Street reform: USA Today Editorial: Mindless partisanship mars passage of banking reform: “The financial reform measure, though far from perfect, is clearly a step toward making the system safer.
For Immediate Release July 19, 2010 Wall Street Reform Bill Still Garnering Mass Applause While Opponents Continue to be Disparaged for Their Motives Pittsburgh Post-Gazette Editorial: Wall Street reform: Congress makes the proper response to crisis, July 19: “The nation’s gravest financial crisis since the Depression
With the final Senate passage of the Wall Street Reform Bill, Round One is over; AFR, our coalition, consumers, and now our elected officials have done their part. Now it’s the big banks’ turn. George Goehl, executive director of National People’s Action, recently wrote this
The Motley Fool recently ran this piece, telling us what consumers “need to know” in order to conclude whether or not the financial crises end here and now. Here is an excerpt: Depending upon who you listened to, the financial reform bill that passed yesterday
With the landmark passage of the Financial Reform Bill now a part of history, Heather Booth, director of Americans for Financial Reform, took the time to describe the ups and downs of the long-fought battle for reform in The Huffington Post. Here is an excerpt
The New York Times recently published this editorial, which talks about the recent victory over Wall Street and tells readers what needs to be done next. Here is an excerpt from this piece: Republican opponents would have you believe that lack of bipartisanship was evidence
This op-ed by AFR Steering Committee Member Cathy Lesser Mansfield appeared in the Des Moines Register today in response to Senator Grassley’s announcement that he will not vote for financial reform. Iowa Sen. Chuck Grassley’s decision not to support the banking bill before the Senate