A Tale of Two Women:
Capturing the news this week is Harvard law professor Elizabeth Warren, who has proposed a bureau called the Consumer Financial Protection Bureau. The purpose of this protection bureau, is to do exactly that, "protect consumers". In a sense, a watchdog for the people, the bureau would implement and enforce consumer financial laws, protect the people against the big banking industries and risky mortgages, credit card issuers and payday loans. Since the ideas for the bureau initially came from Ms. Warren, it makes sense that she would lead the bureau, but not so fast. It seems 44 senators (not naming names) signed a letter stating they wouldn't vote to confirm a head of the bureau. It seems these senate members would like the idea to fade out of history, but why?
Big banks are scared of Warren, cause she has spent her career learning their evil ways. Warren learned that banks were willing to bankrupt their customers for short-term profits. The banking industries excessive fees, foreclosures, defaults and bankruptcies, led Warren on a quest to shape us the financial system. So who is blocking Warren's appointment? Well you may have heard of one name before…….GOLDMAN SACS?? Yeah, I thought that might ring a bell. From lobbyists donations, to editorial "Wall Street Journal" pieces, Goldman has devoted to pay what it takes, to keep Warren out. Bank of America is not too thrilled either, sicking their dog Patrick McHenry on Warren's throat, during a committee oversight panel hearing.
Well, it seems that everyone has a price, and our price as it stands is the overall well being of our citizens, versus big money. To not have regulations in place to protect the people against the big businesses, is toxic. When 50% of Americans don't even have $2,000 for emergency savings, the lack of these regulations, could lead to the demise of our working class.
Do your part and go to www.citizen.org/warren and sign the petition to support Ms. Warren as the Head of the Consumer Financial Protection Bureau.
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Citizens of America and future voters, please remember history, or we are doomed to repeat it. Less than four months ago, we were tortured through Ms. Palin's "blood libel" speech in response to the Arizona shootings. Sarah Palin, I fear, would be no more than a talking head for corporation and business interests. A pretty face to shake her head up and down in agreement, to bat her eyelashes, and to use cutesy little anecdotes to distract the public. As a woman, I am embarrassed by what Palin represents symbolically in America. Palin is the reality tv darling , the channel surfers dream child, and there is no difference between her running for president and VH1's Tila Tequila. Remember, get up, stand up, but most importantly, do something!