Do we need more proof Washington's not working for middle class families? We got it once again this week.
The big banks and their army of lobbyists couldn't stop the creation of a new Consumer Financial Protection Bureau, so now they are trying to undermine its work, enlisting their Republican friends on the Senate Banking Committee to stop the nomination of Richard Cordray to lead the agency -- just to try to slow up the agency from doing its work.
It's outrageous -- and we've got to hold them accountable.
I'm starting a petition: Sign on now to call on the Republicans on the Senate Banking Committee to protect the interests of middle class families, to confirm a director for the Consumer Financial Protection Bureau, and to let the agency do its work.
The goal of this new agency is to protect consumers by ending the tricks and traps and fine print banks have used to make it hard to understand and compare the costs of mortgages and credit cards. We need to hold Wall Street accountable for issuing the kinds of deceptive loans that nearly brought our economy to its knees in 2008.
I fought hard for these new protections and faced an army of lobbyists to hold the banks accountable. I am proud to have been part of the David vs. Goliath effort that led to the passage of this new agency. I was also proud to help set up the new agency over the past year as an assistant to the President.
We've made a lot of progress toward fixing the broken credit markets and preventing the next crisis, but the enemies of reform are at it again.
It's time for Republicans in the Senate to put the interests of hard working middle class families over the special interests of large financial institutions. We've got to speak out and make sure our fellow Americans know the truth.
Sign my petition to Senate Republicans now: Urge them to put the interests of families first and to allow this consumer protection agency to do its work!
We need clear rules to fix broken credit markets, protect consumers, and get our economy growing and creating jobs.
I've made my life's work fighting for middle class families and pushing back against special interests. I know what it means to live one pink slip or one health crisis away from economic disaster, because I did. That's why I'm working so hard to change things.
But I can't do it alone. I need you to stand with me, today. I need you to make this an issue that the Republicans can't duck.
Sign my petition to Senate Republicans now: Urge them to put the interests of families first and to allow this consumer protection agency to do its work!
And I'll make sure the petition and our signatures get delivered to the Republicans on the Senate Banking Committee.
Thanks so much for your help.
Kevin L. Petrasic: Richard Cordray's Complicated CFPB Confirmation
They, and unfortunately a sizable number of the alleged Democrats in the Senate AND Congress don't think they work for 'us' any more. Perhaps we should 'fire' them en masse?
Those of us who know better know that the Senate Banking Comittee overrun with lobbyists for the banking industry spent millions to have changed the rules, inflicting awful regulations and restrictions after we bailed them out with tax payer dollars so they can hold on to the money instead of lending, which is why we bailed them out in the first place, so they would keep lending.
I'm a sales person in the new Home industry and I see it everyday, buyers who go through immense, impractical grief along with small businesses waiting weeks upon weeks for loans that should have closed much sooner, Cursing the President and talking about how we need to get a Republican in office so we can finally have a fair set of banking regulations, especially since this would also immensely increase jobs to return to the home industry.
Can you please get word to this administration that this needs to be put to rights at least in the eyes of our business communities so they can at least know where this comes from?
The poor need to have more income and benefits before it really becomes profitible for the Banksters to exploit them more - payday loan places aside.
Currently, the biggest burden with the least correlated benefit on our citizens is directed at the tattered remnants of our Middle Class. Especially where relative Income tax burden and bank greed have been involved.
junior Senator from Mass would be better.