Nice to see true consumer advocates being promoted to positions to protect the public. The Obama administration announced that Elizabeth Warren will be a special adviser overseeing the creation of a new consumer protection bureau with powers to enforce regulations covering mortgages, credit cards and other financial products.
Is this a good move?
The goal of the position is : based on the idea that if the playing field is level and consumers know what’s going on, they’ll be able to make better financial decisions.
sounds good
opponents are saying:
"This is like the czar of all czars and so let’s just talk about process," urges Sen. Bob Corker (R-TN). "The fact is that this person, the process is being being circumvented because the President knows this person could not be confirmed. I just find that to be abusive
Interesting attack
Here’s what she says:
http://www.youtube.com/watch?v=lYd08e5Cjvs
The last minutes of this video are awesome
I like a lot of what I see here. It does make a difference who is in charge.
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Bush Administration Last Hoorah : Next 60 Days Could Be Dangerous For Consumers, Mike Bryant | November 28, 2008 8:47 PM
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Bush Administration Order Federal Agencies To Make Laws Less Protective Of Consumers,Mike Bryant | October 28, 2008 9:42 AM
Bush Administration Has Cozy Relationship With The Pharmaceutical Companies, Mike Bryant | October 26, 2008 9:45 AM
Complete Immunity For Big Business Part of Bush Administration’s Attack On Consumer Rights, Mike Bryant | October 25, 2008 9:46 AM
