Friday, December 30, 2011
Obama's Failure on Consumer Protection
After failing to nominate Elizabeth Warren to head the new consumer protection agency, Obama proposed Cordry. See this Vanity Fair article on Warrren. However, when the Senate blocked Cordry with some filibuster trick, Obama just accepted it. He has obviously been bought by the big banks and other financial interests. Obama should at least have made a stink. He's been quiet as a mouse, hoping the public will forget and the Wall Street money will keep rolling in. The average person has no one to stand up for him, except Elizabeth Warren, whom Obama has thrown to the wolves.