Elizabeth Warren Helped Shoot Down Bill That Would Have Sped Foreclosures

[TacticalPeek]

Elizabeth Warren Helped Shoot Down Bill That Would Have Sped Foreclosures, Calendar Shows

Elizabeth Warren was the first senior Obama administration official to recognize the potentially incendiary impact of a bill that would have made it significantly easier for mortgage companies to foreclose on homes, and her subsequent warnings played a crucial role in persuading the President to veto the measure, according to freshly released documents and people familiar with the deliberations.

The disclosure that Warren was instrumental in halting a bill that would have streamlined the foreclosure process comes as she confronts fierce criticism from Republicans on Capitol Hill for the way she was appointed to construct a new consumer financial protection bureau, and characterizations that she is inclined to take an overly punitive tack with Wall Street.

http://www.huffingtonpost.com/2010/11/24/elizabeth-warren-calendar_n_788120.html


Keep the faith, baby.

[AzDar]

1. Our first female President.

:patriot:

[madmax]

2. Slow down....you move too fast

ya got to make the morning last... ;)

[Dr.Phool]

4. Draft Warren Now!

[Tansy_Gold]

5. Well, she has stood up AGAINST Wall Street and

that's more than the president has done, so far.

And if, according to the article, she's the one who persuaded him to do what he should have known to do anyway from the start, then maybe she's more on top of the issues than he is. That wouldn't hurt either.

Let's put it this way, Doc. If the primaries were held tomorrow, I probably wouldn't vote against Elizabeth Warren.



TG, WFEH

[Radical Activist]

92. Really?

Is this post sarcastic? It's hard to tell around here sometimes.

You do know that it was Obama who appointed her as an adviser, got the consumer financial protection agency in the financial bill, got the bill passed, appointed her to head the new agency, and that Obama is who actually vetoed the bill. Right?

"That's more than the president has done, so far."

Um, no. Since she was working for Obama on his behalf, it's exactly what OBAMA'S administration has done.

And the reason Presidents have a large staff is so that their staff can stay on top of issues in their areas of expertise. No single human being can be on top of the details about every issue in the world that a President has to deal with.

[ima_sinnic]

12. I'm all for that!

finally -- a person of "the little people"

[laughingliberal]

21. Warren 2012! nt

[bahrbearian]

35. Dean / Warren 2012

[BuelahWitch]

37. That's a ticket I can support!

:bounce:

[avaistheone1]

38. Super ticket

They have my support.
What an amazing team.

:kick:

[ima_sinnic]

45. that would be fantastic!

I'd vote for that in a heartbeat, and wait hours in line to do so.

:dem:

[Radical Activist]

94. Why would Warren run against a President who's so supportive of her efforts?

Does not compute.

[flyarm]

52. I am 100% with you on that nomination!!!!!!!! eom

[Beetwasher]

6. Sen from Mass First

I'd like to see her take down that shitbag Brown. But after O's second term....

[Radical Activist]

95. That would be very cool.

[polichick]

25. Imagine having a prez who actually puts people over Wall Street...

Hate to say it, but they'd probably take her out before the election.

[Name removed]

31. Deleted message

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[treestar]

36. LOL, notice how anyone who does not have to actually deal with

being President becomes the new messiah!

[Whisp]

44. well Howard Dean is going to do away with all airport security

that's what some think he will do. I don't think they asked him tho.

what a nutty bunch.

[Whisp]

43. she sure has everthing she needs.

I think she would make a wonderful President one day. I love that woman and have nothing but respect and admiration for her.

[YOY]

65. Now there's a Democratic nominee I can support 100%!

n/t

[Blue_In_AK]

71. I'd vote for her in a heartbeat.

That woman has integrity and courage, both of which seem to be in short supply these days.

[Dinger]

72. I LIke, I Like:)

:patriot:

[Lil Missy]

3. fierce criticism from repubs and wall street = good for us

[Name removed]

7. Deleted message

Message removed by moderator. Click here to review the message board rules.

[Beetwasher]

8. I'm Sure This Must All Be Part Of Some 24th Dimensional Chess Move To Fuck Us

Because there's absolutely no way an admin. as bought and paid for by corporations as this one is would ever do anything like this or have someone like Warren being so influential. Right? RIGHT???

[no limit]

57. Just as cutting a deal with big pharma was a 24th dimension chess move to win republican support

amirite beetwasher?

[Beetwasher]

62. Don't Worry Warrens Magic Powers Can Fix Everything!

Shes magically delicious and will deliver you yr perrfect utopian paradise where everything I'd accomplished the way u personally think of should be!

[no limit]

73. I didn't know not wanting to sell out to big pharma was some insane utopian position

And as far as Warren goes? She did stop a horrible bill most of the democrats were willing to support. Why do you have an issue with that?

[Beetwasher]

76. Yes! Isn't it amazing how Warren Magically vetoed that bill!

incredible how she accomplished that all by herself from her token, powerless position.

[no limit]

79. You must be really confused, because a couple months ago this person name beetwasher said this:

Remember this discussion by any chance?

http://demopedia.democraticunderground.com/discuss/duboard.php?az=view_all&address=433x444728#444742

You said, and I quote:

"She will be Interim Director. Period. If you think that position is powerless, you're very, very confused"

Your words.

Now a few months later you are here saying that this position is just a token, powerless one.

But I guess that explains everything. You don't actually believe in anything, you're just a partisan shill that will take any position that is convenient at the time.

[Beetwasher]

81. She's Magical! She Can Do ANYTHING!!! All She Needs Is Pixie Dust!!

She can even make some people completely and totally oblivious to sarcasm and satire! All with a wave from her Fairy Godmother Wand!

Don't you think it's incredible how she was able to singlehandedly veto a bill??? I mean, I thought only Presidents could veto bills!!! But apparently, Warren now has that power, somehow, magically!!!

That beetwasher person sounds like a total asshole (if in fact it's even a person and not some sort of robot from the future). I mean who is he to not acknowledge Warren's wonderous magical abilities?! I bet that jerk would even try to claim Obama should get some credit for actually vetoing the bill and appointing someone like Warren in the first place. Some people just can't give credit where credit is due. What a jerk.

[no limit]

82. Not a jerk. But 3 months ago Warren had a powerful position with important responsibilities

this person said anyone that suggested otherwise was confused.

Fast forward to today and this same person suddenly says her position is a token one with no actual power.

I wonder what happened in those 3 months. You know if you actually believed in something you might not have these moments of such pure hypocrisy. Try it out sometime.

[Beetwasher]

83. He Must Have Been Someone Who Clearly Doesn't Understand Sarcasm And Parody

Do you know anyone like that? Yeah, I'd say he's a real jerk alright. And probably incredibly stoopid too.

Everyone who knows a damn thing about anything knows Obama is corporate stooge who would never appoint someone like Warren to a position with any real influence. That's why it's so nifty that she has these awesome magic powers to get things accomplished all by herself and despite that corporate stooge Obama who's always getting in the way of progress!

[no limit]

84. Right your post was just innocent sarcasm and parody.

When you called Elizabeth Warren's appointment a powerless token in an attempt to highlight Barack Obama's role in killing this bill you were just kidding around. It was all just a joke. Ha Ha.

[Beetwasher]

85. Clearly, She Has Incredible Magic Powers!!! Why Do You Doubt Warren's Magic??

Everyone knows the Corporate Stooge Obama would never give her a position with any type of real responsibility. His Corporate Troll masters would never allow such a thing. Are YOU now doubting that Obama has been corrupted by the Corporate Trolls and actually gave Warren a position with some actual significance???? That's SACRILEGE!!! She CLEARLY has paranormal abilities. It's the only way to explain how she could personally veto the bill in question.

[no limit]

86. Now you're just being a bit pathetic. Have a nice night buddy, I'm out.

By the way, nobody ever suggested she had veto power, just that she had influence. I guess you all of the sudden disagree with that. As CNN would say, we'll just have to leave it there.

[Beetwasher]

87. But HOW Did She Get Influence???? It HAD To Be Pixie Dust!!!

Ok, maybe it was her Magic Fairy Godmother Wand. But clearly it had to be her paranormal abilities, otherwise Obama's Corporate Troll Masters would NEVER EVER have allowed it to happen. We all know what a hold they have on that weak, lilly livered, spineless cur.

[no limit]

88. How did she get influance? It sure as hell wasn't thanks to you

while you belitted people that fought for her by drawing lines in the sand people kept up the pressure. Those people were afraid that Obama would again sell out to corporate interests and not appoint her. Just as he sold out to big pharma and just as he sold out to wall street. And in the end the white house didn't appoint her, they gave her an interm position. Some people questioned how much power she would have in that interm position, you called those people naive and confused. Now that we see that she does in fact have actual influance in that position (which is great)you are here telling us she actually has no power and her position is only a token one.

This discussion started when you made a unfunny and unintelligent "joke" about 24 dimensional chess that tried to minimize criticism of how much influance corporate america has had over the Obama administration. But the fact is, which I pointed out to you, that corporate america clearly has alot of influance. That doesn't mean Obama checks with his "corporate overlords" every time he makes the decision to veto or sign a bill. Or every time he makes an appointment. But it simply means that this influance from corporate america is there. What I don't understand is why you would be here minimizing the influance true progressives have in this administration, however scarce that influance might be. I don't think you truly thought your position on Warren out here. As I said above. If you actually believed in something, instead of simply waving the pom poms, you wouldn't have to try so hard not to be a hypocrite.

Now I know you are going to post a reply in the form of "sarcasm" that sounds like a 4th grader would write which doesn't actually address anything I said nor add anything intelligent to this discussion. So if that's the case I'm going to go waste my energy on something more useful.

[Name removed]

89. Deleted message

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[Bugenhagen]

91. Wow, you are offensive.

[bvar22]

9. This is certainly good news.

At least NOW it seems someone in DC is looking out for us.
Gotta LOVE this woman.

On Edit:
Elizabeth Warren 2012 would get my support, money, and labor.

[Name removed]

10. Deleted message

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[ima_sinnic]

11. fabulous idea!

Elizabeth Warren 2012 is a candidate I can get behind.

[Name removed]

13. Deleted message

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[Dr.Phool]

26. Kind of like an Illinois State Senator nobody ever heard of?

You know, the one who came out of nowhere to give the 2004 Democratic Convention keynote speech?

Fairy dust I tell ya.

[Name removed]

28. Deleted message

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[flyarm]

53. What a memory I have of that one, as a delegate in 2004 and on the floor in front of the stage

they handed out the placards and no one in our delegation had ever heard of this guy, nor could anyone pronounce his name! We had to ask how to chant his name!!!!! And there were all kinds of screw ups by the gallery on his name.

Then after he spoke, there were people all around us telling us to cheer loudly ..and they kept pushing us to cheer louder and louder!! It was surreal.

Then there was his party that night,.the only "free" ($$) party at the entire convention.

I have never gotten an answer to ..who paid for this party ...when all other parties cost big bucks to attend??

[Dr.Phool]

61. I lost out on being a delegate by 3 votes.

A guy in Hillsborough paid for a bus, and brought them all in.

[laughingliberal]

22. Warren/bvar 2012! eom

[bvar22]

24. LOL.

...but could you imagine Warren/Grayson?
:party:

[laughingliberal]

29. That's another one I could get behind!

:bounce:

[BuelahWitch]

40. Me too!

:woohoo:

[Name removed]

27. Deleted message

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[ProSense]

14. Thankfully

Wall Street reform passed and the President appointed a friend and advisor to head the agency.

Elizabeth Warren

"It has been more than 20 months since the largest financial crisis since the Great Depression, and we are still living under the same set of rules we had in place before the meltdown. Thanks to the leadership of President Obama, Chairman Frank, and Chairman Dodd, that's about to change. Members of the House-Senate conference committee and their staffs worked through the night to produce the strongest set of Wall Street reforms in three generations. They created a strong, independent consumer agency that will have the tools to rein in industry tricks and traps and to cut out the fine print. For the first time, there will be a financial regulator in Washington watching out for families instead of banks."

Fighting to Protect Consumers

Over the past several weeks, the President and I have had extensive conversations about the vital importance of consumer financial protection.

The President asked me, and I enthusiastically agreed, to serve as an Assistant to the President and Special Advisor to the Secretary of the Treasury on the Consumer Financial Protection Bureau. He has also asked me to take on the job to get the new CFPB started—right now. The President and I are committed to the same vision on CFPB, and I am confident that I will have the tools I need to get the job done.

President Obama understands the importance of leveling the playing field again for families and creating protections that work not just for the wealthy or connected, but for every American. The new consumer bureau is based on a pretty simple idea: people ought to be able to read their credit card and mortgage contracts and know the deal. They shouldn’t learn about an unfair rule or practice only when it bites them—way too late for them to do anything about it. The new law creates a chance to put a tough cop on the beat and provide real accountability and oversight of the consumer credit market. The time for hiding tricks and traps in the fine print is over. This new bureau is based on the simple idea that if the playing field is level and families can see what’s going on, they will have better tools to make better choices.

If the CFPB can succeed at leveling the playing field, we can go a long way toward repairing a gaping hole in the budgets of millions of families. But nobody has ever thought or argued that the consumer bureau can fix everything. Lost jobs, stagnant incomes, rising costs for college, dwindling retirement savings—there’s a lot of work to be done.

When she was 16, my grandmother, Hannie Reed, drove a wagon in the Oklahoma land rush. Her mother had died, so she was up front with her little brothers and sisters bouncing around in the back. When I was growing up, she talked about life on the prairie, about marrying my grandfather and making a living building one-room schoolhouses, about getting wiped out in the Great Depression. She was hit with hard challenges throughout her life, but the moral of her stories was always the same: she would solve her problems one at a time by pulling up her socks and getting to work.

It’s time for all of us to pull up our socks and get to work.

[jaxx]

16. Yes, that man who brought her to DC and appointed her to the post.

:thumbsup:

[JuniperLea]

66. LOL!!

How dare you give Obama any credit for this! Harrumph!

:rofl:

Oh boy... this thread is cracking me the hell up.

[Dr.Phool]

15. She does seem to have a lot of integrity that's lacking in Washington.

She would make the best first woman President.

The Anti-Palin. A woman with brains. BIG brains.

[Name removed]

18. Deleted message

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[mikehiggins]

19. And your point is?

Harry Truman, by the way, was a haberdasher from Missouri who got into Washington by the most traditonal political methods out there. Who would have expected that he would evolve into the kind of President he turned into?

This woman has many more positive qualities than HST ever did so if it was magic dust that put her where she was, so be it. More likely it was having a substantial resume and the passion to do a job that regular politicians would avoid like the bubonic plague.

[Name removed]

20. Deleted message

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[laughingliberal]

30. +1 nt

[bvar22]

42. In addition to the "substantial resume and passion to do a job"...

Warren was SMART enough to make her case in public.
Her appearances on the pundit shows and Jon Stewart were classics.
She presented her case in honest, unambiguous English, and was NOT afraid to call a Crook a "Crook."
Her willingness to tell Americans Yes. Wall Street is screwing YOU won her an army of passionate advocates who lobbied FOR her appointment.

If we had MORE Working Class Advocates with the courage to offend Big Money, and bring their case directly to The People in unequivocal, unambiguous language, we wouldn't be in such bad shape.

"I welcome their hatred!"---FDR

[laughingliberal]

23. +1000 nt

[flyarm]

54. + 1 million!! eom

[Skink]

17. The bankers will have to rework the legislation for the upcoming session.

[laughingliberal]

32. K & R for Warren!! nt

[Uzybone]

33. how can a woman in a token powerless position shoot down bill?

[phleshdef]

34. Painfully obvious. She has the President's ear and he listened.

[boppers]

46. "Mr. President: It may seem like this bill merely says that notaries are valid across state lines...

...but your enemies will portray this as authorizing bank fraud".

...Which is exactly how it was played out. Sometimes the message behind a bill has a lot more meanings than a bill itself could have in it.

[Dr.Phool]

47. Mr. Boppers: This bill may sound like it's completely innocuous....

But, what it will do is totally, retroactively legalize bank fraud.

Which was exactly how it was SUPPOSED to play out, but that evil witch Elizabeth blew the whistle on us.

Nice try.

[laughingliberal]

49. +1 nt

[Beetwasher]

51. Thank Goodness She Could Use Her Magic Powers To Persuade Obama To Listen To Her!!!!

Because we all know that evil corporate tool Obama would never veto this bill unless Warren was able to use her magic fairy wand to break the Corporate Troll spell that enraptured his weak, lilly livered soul. His Corporate troll masters would never allow him to do such a thing.

Thankfully, Warren was able to time it perfectly and transport in from fairy land just as the bill was placed in front of Obama. She then used her Magic Fairy Godmother wand to place a spell of enchantment on him and she sweet talked him into vetoing the bill. I have it on good authority that that's how it went down.

[Name removed]

75. Deleted message

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[Beetwasher]

77. Yes!! Magically hostile exclamation points!!!!!!

[phleshdef]

80. Hostile? What do you think faery dust is? Anthrax?

[onenote]

56. Most likely: Mr. President, this bill which was first introduced and passed

by Congress years before the mortgage foreclosure crisis with bi-partisan support is well intended but could very well have the unintended effect of making it difficult to pursue claims of notarization fraud arising out of the foreclosure crisis. It needs to be vetoed so that we can work with Congress to revise the bill to avoid that unintentional effect.

[boppers]

74. Exhibit A.

Are you alleging that notaries are frauds, *therefore* the banks were defrauding people by trusting notaries in other states?

You're saying this was intentional deception, to trust notaries?

[Beetwasher]

50. You Obama Supporters Are Unreal!! I Mean Now Obama Is Responsible For Warren's Magical Abilities?

Pffft! I mean, seriously! How is Obama to be credited with Warren's ability to magically appear in DC at her whim and influence policy with her magic pixie dust?

You'd think Obama appointed her and vetoed bills or something. It's just like you Obama fans to give Obama all the credit for Warren's magic powers. Everyone knows Obama's been corrupted by the corporate trolls and only Warren can save the universe.

[Arkana]

68. Not just the universe...the MULTIVERSE.

[bvar22]

39. Its amazing how much difference...

...ONE, good, Working Class Liberal Democrat like Warren can bring to the cesspool in DC.
Warren is a Shining Light.
If only we had more like her.

"If we don't fight hard enough for the things we stand for,
at some point we have to recognize that we don't really stand for them."
--- Paul Wellstone

[laughingliberal]

41. Kudos to Reid for appointing Warren to the TARP oversight panel! nt

Pelosi, Reid name members of TARP oversight

<snip>Reid appointed Elizabeth Warren of Harvard Law School.<snip>

http://www.politico.com/blogs/thecrypt/1108/Pelosi_Reid_name_members_of_TARP_oversight.html

[donco6]

64. I'll give credit where credit is due - thank you Harry Reid.

Maybe this is one thing he can leave as a legacy.

[Dr.Phool]

48. Kick and Rec! Elizabeth Warren for President!

Warren/Feingold 2012!

[Dr.Phool]

55. Kick and Rec.

For more fairy dust and magic!

[indimuse]

58. Bless this woman!

Thank you.. ;)

[madmax]

60. No nonsense woman. nt

[madmax]

59. A post that listed the new CC changes? Did I

see that posted on DU. Trying to locate that link.

[chill_wind]

63. Bravo! And especially don't forget Jennifer Brunner as well

for sounding the bell to the public in the first place and organizing the WH calling campaign.
She's responsible for the media alerting and the rain of hail on Washington on this one by ordinary citizens. Well done, both of them.

Documents released Wednesday show that Warren met or spoke with at least eight state officials leading a 50-state investigation into possibly-fraudulent mortgage documentation practices.

The state attorneys general, secretaries of state and bank supervisors are probing the way in which major mortgage companies have pushed through thousands of foreclosure cases at a time, as if on a factory assembly line, by short-cutting the required documentation process.

[laughingliberal]

70. Kudos to Brunner! & the states' Attorneys General! nt

[bvar22]

67. The really sad part of this...

...is that she is simply doing her job.
Finding a Democrat who is doing his/her job is NOW a cause for celebration.
:party:

Doing the Job (representing US) SHOULD be so common it would not be noticed.
We need 1,000 Elizabeth Warrens in DC,
so many that they would be boring!

"If we don't fight hard enough for the things we stand for,
at some point we have to recognize that we don't really stand for them."
--- Paul Wellstone

[laughingliberal]

69. "Finding a Democrat who is doing his/her job is NOW a cause for celebration."

I know. Sad, isn't it? They're few and far between, these days.

[lonestarnot]

78. Error: you can only recommend threads which were started in the past 24 hours

Recommend :evilgrin:

[ZombieHorde]

90. Awesome job by both Warren and President Obama. nt

[Radical Activist]

93. It looks like she needs help getting through the Senate.

Can DU stop arguing about Obama long enough to pressure the Senate to approve her?