Jul 24, 2010

WHAT IS ABOUT TO HAPPEN: The appointment of the head of the Bureau of Consumer Financial Protection recently created by the new federal legislation on financial reform. Elizabeth Warren and Mary Schapiro essentially defined the job. Ms. Schapiro is already head of the SEC and is  vigorously investigating and prosecuting the mortgage fraud business across the board. That covers the investor side. Elizabeth Warren has been vigorously investigating but unable to bring action on behalf of homeowners and borrowers because she is “only” chairman of the task force on financial reform.

ELIZABETH WARREN IS NOT JUST A VIABLE CANDIDATE FOR THE JOB OF HEAD OF THE BUREAU OF FINANCIAL CONSUMER PROTECTION, SHE IS THE ONLY ONE ON EARTH WITH SUFFICIENT UNDERSTANDING ABOUT WHAT REALLY OCCURRED TO BE EFFECTIVE IN THAT JOB.

HERE IS THE PROBLEM: The Banks will do ANYTHING to keep her from getting that job. If the President nominates her, it will provoke a big fight in the Senate. If you like the idea of bailing out the banks again, if you like the idea of plunging the country into a recession, if you like the idea of ruining the lives of 20 million homeowners, and if you like the idea of stealing money from investors all around the world, then by all means join hands with the banks and do nothing.

But if you would really like to see something happen — something that will actually MEAN something in your life and the lives of millions of Americans, then spend 30 minutes, and write to the President, your senators, and your congressman. With  separate letter to each one, I suggest the following wording, but write anything you like:

Dear _______,

I am aware that you face a difficult choice of nominating and confirming a candidate to lead the new consumer financial protection bureau created in the financial reform package you just signed into law. The choice however is not who would best serve in that position. Everyone knows it is Elizabeth Warren. Even the banks who oppose her nomination know it, which is why they gearing up for battle. She is the one they are afraid of because we all know that the entire truth of this mess is still being revealed.  If she is not the nominee than the entire plan for protection of consumers is undermined. She defined the position and she should be appointed not as a reward but as protection for myself, my family, my friends and neighbors. PLEASE NOMINATE AND CONFIRM ELIZABETH WARREN NOW.

SIGN YOUR NAME

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