Dodd Doesn't Want Warren Because Little TImmy's Feelings Might Get Hurt

[Kalyke]

While I suspect that it's totally true that Christopher Dodd doesn't want Elizabeth Warren to head the Consumer Financial Protection Bureau because she might actually, you know, REGULATE the profession he will most likely leave the Senate to join - the financial industry - Dodd probably also doesn't want to be seen as kicking Tim Geithner in teeth: particularly since Geithner will be "overseeing" Dodd's alleged business dealings (including any bailout monies) in the future.

Yet while her work on behalf of a treaty unit designed solely to protect borrowers from abusive lenders has been embraced by the administration, Warren’s role as a bailout watchdog led to strained relations through the agency her panel has taken to task with brutal reports every month since Obama took office: Geithner’s Treasury Department.

It’s not a secret the watchdog and the Treasury Secretary have had a thin relationship. Geithner’s critics have enjoyed watching Warren question him for the period of his four appearances before her panel. Her tough, probing questions without interruption - the Wall Street bailout and his role in it — ~times delivered with a smile — are featured on YouTube. One video is headlined “Elizabeth Warren Makes Timmy Geithner Squirm.”

While her grilling of Geithner in September, through the whole extent of what members of Congress have called the “backdoor bailout” of Wall Street through AIG, inspired the “squirm” video, just last month Warren pressed Geithner steady the administration’s lackluster foreclosure-prevention plan, Making Home Affordable. Criticizing him according to Treasury’s failure to keep families in their homes, she questioned Treasury’s pledged relation to homeowners.

Warren’s persistent oversight is part of the conception for Geithner’s opposition, according to the source.

In adding, her increasing public profile could make it difficult for Geithner, who desire oversee the unit until it’s transferred to the Federal Reserve. His role would unite trying to balance her advocacy on behalf of borrowers with the demands of the population’s major financial institutions, his traditional constituency.

Geithner’s objections to Warren vexation over that role also involve her views on Wall Street, sources assert. The longtime professor believes the nation’s megabanks are Too Big To Fail and be seized of been among the biggest abusive lenders in the country. Her toughness without ceasing giant banks is said to be a longtime source of rigor with Geithner.

Obama’s top economic adviser, Lawrence Summers, is also said to have a strained relationship with Warren, though his stance put ~ her nomination is not known.

http://fotoday.net/archives/2873-tim-geithner-opposes-nominating-elizabeth-warren-to-lead-new-consumer-agency.html">Geither Opposes Nominating Warren


FWIW, Geithner is also a http://en.wikipedia.org/wiki/Bilderberg_Group">Bilderberger, one of the groups most responsible for conniving to fleece the middle class because they loathe us so.

The paranoia was riding high amongst the conference organizers. A pair of them talked about the 2006 Bilderberg conference in Ottawa, where the radio host Alex Jones led the protests with his megaphone.

"They were very close to the hotel," said one. Another looked shocked and asked: "Did they ever try to attack?" A shake of the head and the answer: "No, but it was very scary." A third leaned in: "This is the negative side of the welfare state. People have enough income, so they can do this – it's like a permanent threat."

http://www.guardian.co.uk/world/blog/2010/jun/03/bilderberg-spain-charlie-skelton">The Guardian's Charlie Skelton

[RandomThoughts]

1. Tiny Tim is more important then little Tim.

[Kalyke]

5. Good Slogan!

NOT

[Guy Whitey Corngood]

2. He really wants to make sure he fucks us at least one more time before

he heads into that lobbyist/consultant sunset.

[golddigger]

3. I hope the WH doesn't back down.

[Bozita]

4. I'm betting his next job will pay better than Billy Tauzin's.

[ibegurpard]

6. Dodd is carrying the White House's water on this one

they want to appear to fight for her so they can try to gain some credibility with the people they've been ignoring thus far.

[Kalyke]

7. Well... that would be at Timmy's insistance.

I'm betting Rahm hates her, too.

[OHdem10]

8. Do the banks have Geitner in a death grip???

One person should not be able to veto such an important
nominee.

We know the banks do not want a "staight arrow" guarding
interests of American Consumers. A fox would be more to
their liking.

[Kalyke]

9. Not sure if it's so much a death grip as it is protecting

his way of life.

He's a multi-millionaire. If he falls out of favor, he may lose his goodly sum and then become part of the "welfare state," but he'll still have enough money to travel! :think:


God, that sounds like scene from Trading Places.

[Kalyke]

10. This keeps getting worse the more I research...

Granted, this is one guy's opinion, but his time line is dead-on accurate.

http://my.opera.com/richardinbellingham/blog/show.dml/2284763">Geithner Loves Global Economy

Geithner wrote an article in the Financial Times calling for unified regulation of global banking.

In addition, Geithner called for the Federal Reserve to have an instrumental role in this new framework. Geithner cites all of the problems that were actually created by the central bankers in the first place as the rationale for having greater centralized power.

It is interesting Geithner decides to write this piece right after the Bilderberg Meeting where some of the most powerful figures in the world of central banking attended. Not only did Geithner attend, but the attendee list included Ben Bernanke the Federal Reserve Chairman, Henry Paulson the U.S. Treasury Secretary, Jean-Claude Trichet the president of the European Central Bank, Robert Zoellick the president of the World Bank and other high profile bankers.

It is no secret that the true objective of the Bilderberg Meeting is to steer the world into accepting a global government. By establishing a new global regulatory banking framework, this will inch the planet ever closer to a one world currency operating in a cashless society where microchips, (or a charagma) are used to facilitate transactions.

While the blogger's hyperbole is a bit light, it's still a safe bet that Warren, as a proponent of middle class success, is probably against any form of government - one-world or not - that would further harm the middle class.

We can see with our own eyes what globalization has done to the middle class in the United States: it's put that class in its death throes. Instead of bringing up third-world wages to our standards, it's dropped our wages downward. Income is stagnant and many don't have jobs, thus forcing millions more people into poverty.

[alcibiades_mystery]

11. "suspect"..."probably"

OK, we're done here.