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Support Elizabeth Warren as Head of new Consumer Financial Protection Agency

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Success of the recent Financial Reform Bill assuredly rests on the success of the CFPA, or Consumer Financial Protection Agency. The continued success of CFPA depends on the tenure of Elizabeth Warren.
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  • Added: September, 22nd 2010
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  • Tags: cfpa, cfpb, consumer financial protection agency, consumer financial protection bureau, financial protection act, hamp, home affordable mortgage plan, tarp, troubled asset recovery program
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Support Elizabeth Warren as Head of new Consumer
Financial Protection Agency
Those of us keeping track of the mortgage mess and greater current financial
mess are thrilled that Elizabeth Warren has been appointed to head the new
Consumer Financial Protection Agency, the CFPA. This is the best thing to
happen for the average consumer in the U. S. since........
Success of the recent Financial Reform Bill assuredly rests on the success of the
CFPA, or Consumer Financial Protection Agency. The continued success of
CFPA depends on the tenure of Elizabeth Warren.
Ms Warren has been fundamentally involved in the writing and passage of the
new Financial Reform bill passed just a few weeks ago. Central to this financial
protection bill is the Consumer Financial Protection Agency, the CFPA. No one,
absolutely no one is more deserving of this 'interim appointment.' It is a credit to
her that Treasury Secretary Geithner, Larry Sommers, Senator Chris Dodd, and
many other Washington insiders, are vociferously against her appointment. That
alone is a tremendous recommendation. Ms. Warren has been the common
consumers best friend and advocate for years. The fact that bank insiders are
adverse to her appointment is great all by itself. Consumers and citizens should
rejoice and support her.
It was popular support and ground level noise that got the Financial Reform Bill
passed over the objections of the nation's banks. Anyone who has any
experience with the banks reluctance to assist the common distressed consumer
should stand behind Ms. Warren as the second step to ensure success of that
same Financial Reform Bill.
We all know that the failure of the Home Affordable Mortgage Plan, or HAMP is
not the enacting of the bill but the neglect of enforcement by the federal
government and Congress. It's one thing to pass legislation; quite another to
enforce it.
Elizabeth Warren was the TARP, Troubled Asset Recovery Program chief… the
Harvard professor… the advocate for the middle class… the woman who was the
only person in Washington D.C. who could stare down Treasury Secretary Tim
“Transparency” Geithner and make him flat out squirm. Geithner, obviously,
hates her.

Everything was going swimmingly when out of nowhere President Obama wasn’t
sure he was going to appoint Warren to head up the new agency. Instead the
name “Michael Barr” was floating about the press. Assistant Treasury Michael
Barr might be a decent person. Just his title might indicate where his name was
submitted from. His words make him a shameless cheerleader, a defender of
that which should not be defended, and an all around sycophant’s sycophant.
Mandelman wrote several articles supporting Warren and urged his readers to
make calls to their elected representatives in support of Warren. The fact that this
is an interim appointment still makes it critical that the common consumer call
their federal representatives in her support. There’s a new sherriff in town and
her name is Liz Warren. Support your local Sheriff.
Elizabeth Warren wrote a piece in today’s Huffington Post. She titled it: America
Without a Middle Class, and her message came through loud and clear:
“America without a strong middle class? Unthinkable, but the once-solid
foundation is shaking.”
She also described the new agency: “The CFPA would be answerable to
consumers — not to banks and not to Wall Street. The agency would have the
power to end tricks-and-traps pricing and to start leveling the playing field so that
consumers have the tools they need to compare prices and manage their money.
The response of the big banks has been to swing into action against the Agency,
fighting with all their lobbying might to keep business-as-usual. They are pulling
out all the stops to kill the agency before it is born. And if those practices crush
millions more families, who cares — so long as the profits stay high and the
bonuses keep coming.”
“America today has plenty of rich and super-rich. But it has far more families who
did all the right things, but who still have no real security. Going to college and
finding a good job no longer guarantee economic safety. Paying for a child’s
education and setting aside enough for a decent retirement have become distant
dreams.
Tens of millions of once-secure middle class families now live paycheck to
paycheck, watching as their debts pile up and worrying about whether a pink slip
or a bad diagnosis will send them hurtling over an economic cliff.”
“We do not seem to be a priority for the Treasury Department,” Warren said at a
Senate Finance Committee hearing, chaired by Sen. Chris Dodd (D-Conn.), of
her oversight panel. “This problem starts with Treasury.”
Between the lines, I'm reading that President Obama himself deserves credit for
stepping over many reluctant, highly placed bosses in Washington.
The more you read, the more you'll be convinced you need to call your Congress
people.

Brief commercial:
I am a vendor of the REST Report; the single essential tool to mount a mortgage
modification and foreclosure defense of your distressed property. For your
personal financial rescue, call me and I'll explain. If you have any emotion for our
current financial mess, call and support Elizabeth Warren.

Mandelman here

Call me at: 970-242-2600

Email at: info ‘at’ Mortgage-Mod-Monster ‘dot’ com

Please surf: http://www.mortgage-mod-monster.com/

Social Media by example: Social-Media-Monster.com




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