Friday, July 16, 2010
Tim Geithner Opposes Nominating Elizabeth Warren To Lead New Consumer Agency
BREAKING NEWS: Huffington Post reports that on the very day the Senate passed Wall Street reform and created a Consumer Financial Protection Bureau, Treasury Sec. Tim Geithner is urging President Obama NOT to appoint the most credible person as its leader: Elizabeth Warren.
Sign our emergency petition to the President today -- telling him to appoint Elizabeth Warren. Then, pass this email to your friends.
Elizabeth Warren is feared by Wall Street.
As chair of the bailout oversight panel, she held Wall Street executives' feet to the fire and was not afraid to speak out.
As a Harvard professor, her credentials are impeccable. And she was the one who came up with the idea for the Consumer Financial Protection Bureau -- perhaps the best piece of this bill -- in the first place.
In short, Warren is perfect for the position and most financial insiders have just assumed she would get it. That's why it's so outrageous that Geithner -- a longtime Wall Street insider -- would attempt to sabotage her appointment.
Sign our petition to President Obama in support
PERSONALLY, I THINK THEY SHOULD FIRE GEITHNER AND HIS CREW - SHOULD HAVE FIRED THEM LONG AGO.
As Jim Hightower explains it, is that “the wealthiest 1 percent of Americans possess more net worth today than the bottom 90 percent of us combined. Worse, these privileged few and their political henchmen have structured a new economic ‘normal’ of long-term joblessness, low wages, no benefits or worker rights, miserly public services, and a steadily widening chasm between the rich and the rest of us.” We must restore sanity to this nation.