Friday, July 16, 2010

Tim Geithner Opposes Elizabeth Warren for Consumer Protection Board!

No one is more qualified for this job than Elizabeth Warren, but apparently the woman is too tough on the predatory banks and too tough on poor Timmy Geithner.

Sign the emergency petition telling Obama to appoint Elizabeth Warren: PETITION: Let Elizabeth Warren Police Wall Street.

Treasury Secretary Timothy Geithner has expressed opposition to the possible nomination of Elizabeth Warren to head the Consumer Financial Protection Bureau, according to a source with knowledge of Geithner's views.

The financial reform bill passed by the Senate on Thursday mandates the creation of a new federal entity charged with protecting consumers from predatory lenders. But if Geithner has his way, the most prominent advocate for creating the agency may not be picked to lead it. . .

It's no secret the watchdog and the Treasury Secretary have had a tenuous relationship. Geithner's critics have enjoyed watching Warren question him during his four appearances before her panel. Her tough, probing questions on the Wall Street bailout and his role in it -- often delivered with a smile -- are featured on YouTube. One video is headlined "Elizabeth Warren Makes Timmy Geithner Squirm."

Paul Krugman: For Elizabeth Warren
Citizens Demanding Elizabeth Warren to head the Consumer Protection Board