Elizabeth Warren: "My second choice is no agency at all & plenty of blood & teeth left on the floor"

[Amerigo Vespucci]

While members of the Senate Banking Committee debate proposals to fix the nation's broken financial system and ineffective approach to protecting consumers, Elizabeth Warren has one message: Pass a strong bill or nothing at all.

"My first choice is a strong consumer agency," the Harvard Law professor and federal bailout watchdog said in an interview with the Huffington Post. "My second choice is no agency at all and plenty of blood and teeth left on the floor."

There's been a steady leak of Senate proposals to fix the dysfunctional way federal regulators protect consumers from abusive lenders. One was an independent unit housed within the Treasury Department; another was a new entity, housed in the Federal Reserve, with little independence or power.

The Senate shouldn't waste its time, asserts Warren, explaining that current proposals fail to address some of her key priorities such as arming the proposed agency with independent rule-making authority, without interference by bank regulators.

"My 99th choice is some mouthful of mush that doesn't get the job done," Warren said.

http://www.huffingtonpost.com/2010/03/03/fight-for-the-cfpa-is-a-d_n_483707.html

[Mojambo]

1. She's a real hero. n/t

[SoCalDem]

30. SHE should have been Treasury Secretary..not Geithner..n/t

[Rage for Order]

34. She wasn't qualified

She actually paid her taxes, so that kept her out of the running for Treasury Secretary

:evilgrin:

[truedelphi]

35. And note also, she never makes the constant gaffe that Geithenr makes when he

is testifying about "Your government"

He will state "Your government doesn't have this" and "Your government doesn't ahve that"

Whose goverrnment is his government? His statements bolster arguments made by the Ron Paul followers about how the Federal Reserve and the inner crowd at Treasury work for outside interests.

Oh and Timmy the Elf's statements are lies a lot of the time - sure cannot say that at all about Elizabeth.

[xultar]

2. OMG I love this woman!!!

[meeshrox]

3. K&R Love this lady!

She's so intelligent brave!

[marmar]

4. Awesome.....Nice to know somebody in Washington has a pair.

nt

[Mira]

58. I agree, but be careful,

when I said that about Rachel my flame retardant suit almost burned through for charges of sexism.
You are supposed to call it a spine of steel.

[nashville_brook]

5. she is my personal hero.

[G_j]

6. She is great

:applause:

[Supersedeas]

20. Yep

[liberal N proud]

7. We all know whose blood & teeth would be left on the floor

OURS.

Thank you Elizabeth for knowing this too.

[wroberts189]

8. Damn she is good. knr

[arthritisR_US]

9. when Obama picked Geitner and not Warren that told me right then and

there how serious he was in fixing the banking situation. I have such respect and admiration for that woman!

[earth mom]

24. Geithner over Warren should tell everyone all they need to know about Obama's fake hope & change. nt

[arthritisR_US]

25. tip of the iceberg I'm afraid :( n/t

[onager]

10. You can see lots of Warren in...

The 2006 documentary Maxed Out: Hard Times, Easy Credit and the Era of Predatory Lenders.

Outstanding movie, and it seems incredibly prophetic now.

I often wonder what happened to that Las Vegas real estate hack who appears in it. She was building a $$$ multi-million dollar house, using financing that assumed the equity would be more than the value of the house by the time construction was done.

As the documentary points out, that's exactly the kind of financing Enron used.

http://www.imdb.com/title/tt0762117/

[sabrina 1]

39. Thanks for the link ~

She had a small but important role in Michael Moore's 'Capitalism ~ A Love Story' also and she was excellent. One of the memorable moments in the movie was when he asked her where had all the money gone! She thought for a second and then responded, sincerely 'I don't know'!

She should have been Treasury Secretary and I would love to hear from Obama why he did not choose her and worse, why he chose Geithner. I'm thinking they have to choose people who are part of the club and can be depended on not to tell any secrets, or kick up a fuss. Someone like Elizabeth Warren clearly could not be depended on to remain silent about what she might see if she was Treasury Sec.

[FLAprogressive]

11. This woman should be Treasury Sec., maybe President.

[bridgit]

12. I appreciate Elizabeth Warren more & more by the day

:kick:

[JackRiddler]

13. I wonder if she's willing to run for Prez?

[AllentownJake]

16. + 2012

[FlyByNight]

14. Hear hear!

"Plenty of blood and teeth left on the floor." When it comes to the useless appendage that is the Senate, I think I'd like to see a literal manifestation of the image she painted.

:thumbsup:

[AllentownJake]

15. Yep

She should run for President.

[closeupready]

17. I just love her!

:loveya: Elizabeth! :hi:

[pscot]

18. A woman after my own heart

:hug:

[avaistheone1]

19. I trust Warren.

She smart,gutsy and has tons of integrity. Warren places the people first. She is good with me.

[Vidar]

21. Bravo, Ms. Warren!

[belpejic]

22. She's excellent, and frighteningly intelligent.

I wish Obama would put a lid on people like Emanuel (at a minimum) and let people like Warren take a bit more of the spotlight.

[WillyT]

23. Big K & R !!!

:woohoo:

:kick:

[Manifestor_of_Light]

26. Very smart lady!!!

I love her! Hope she can put the fear of gawd in some of these snakes.

[voteearlyvoteoften]

27. This post is going big

Elizabeth!!!!!!

[Bluenorthwest]

28. She is the best

I love the way she talks. Blood and teeth on the floor. 99th choice. Yeah.

[Canuckistanian]

29. Why is this woman NOT in a position of power?

Anyone? Bueller?

[SteveM]

57. Because she will fight corporate power...

The DLC signaled some 35 years ago that the Democratic Party would not. Her not being in power is the logical consequence of the "new" Democratic Party.

[Canuckistanian]

62. I think I already knew the answer to that

It was really a rhetorical question. I'm hoping that todays attitudes towards Wall St. are waking at least a few people up.

The Teabaggers are STARTING to get the idea that they're screwed, but they haven't made the BIG connection yet.

[Romulox]

31. I really wish SHE were the President!

"Why don't you put HER in charge?"

[freddie mertz]

32. K & R for this forthright and patriotic public servant.

The best of the best.

And such a rarity these days.

[amborin]

33. recommend

[progressoid]

36. Give her a job Mr. President!!

[hfojvt]

37. I am not sure what an abusive lender is supposed to be

How about if we just taught the American people some basic financial math?

Anyway, I feel like I am missing information about this abusive lending problem. Other than Payday Loans, which seems to be a different kettle of fish.

[Jax]

40. Get out there and educate, you advocate it

a nameless faceless message board makes NO changes.

Get out there and 'teach' the American People 'some basic financial math' do it hfojvt YOURSELF.

In the real world, like you advocate here.

Tell us how you get out there and advocate and educate.

Obsticals coming now from hfojvt....

[hfojvt]

42. right,. because anything I am not doing myself

is obviously not a valid policy idea. I guess if I believe in universal health care then I need to get out there and provide health care to everyone too. I guess if I believe in pro-choice that I need to personally become an abortion provider.

[ooglymoogly]

54. You are missing more than information. nt

[readmoreoften]

38. Can she be my President?

Anyone calling for banker's blood and teeth on the floor is a friend of mine.

[depakid]

41. Krugman and several other eminent economists agree

[BlueIris]

43. NICE. nt

[pleah]

44. K&R

[mod mom]

45. Elizabeth Warren rocks!

[bread_and_roses]

46. YES! Thumbs up! Good for you! Bravo! K&R! (n/t)

[mochajava666]

47. She is special

Every time I hear her talk, I am amazed by her honesty and integrity.

[mjvpi]

48. Smart people make me proud to be a human being.

[hamsterjill]

49. What sheer intelligence!!!

She is incredible. Very knowledgeable, very informed. And yet she can explain the situation in such a common sense approach that anyone can understand.

I love how she puts it all in perspective by saying "the American taxpayer".

For instance, this morning, I saw her on CSPAN talking about Citibank and she constantly said "we, the American taxpayers" own 27% of this company now, etc., etc.

This woman knows her stuff!!!

[Dr.Phool]

50. Elizabeth Warren Rocks!!

I hope Washington doesn't rot her brain.

[JerseygirlCT]

51. I really like this woman. Wish more people in a position to do something

would listen to her.

[nyc 4 Biden]

52. Elizabeth Warren FTW!

Nice to see someone standing up for the right way to fix this mess.

[cliffordu]

53. I just love that woman. Really.

[myrna minx]

55. K&R n/t

[ooglymoogly]

56. Yee gads...Truth...Washington must be circling the wagons

and working hard on propaganda weapons to dull her mighty arrows.

[yurbud]

59. can she be our first woman president?

[JDPriestly]

60. Elizabeth Warren for president

Since Obama did not name her as Fed Chair, he should go and she should run for president. She'd win in a landslide even bigger than Obama's.

[asdjrocky]

61. A mouthful of mush that doesn't get the job done-

is exactly what we will get from this Congress and this Administration.