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Showing posts with label consumer protection by the Fed. Show all posts
Showing posts with label consumer protection by the Fed. Show all posts

Jun 2, 2011

CFPB Petition to Obama: Appoint Elizabeth Warren!

Do US consumers need protection from greedy corporations or what? Are the scales of justice tipped in their favor and against our best interests? Have corporate CEOs and their attorneys all the power while we-the-people shiver in the cold?

Do we need a new way to address our grievances under the auspices of someone who "gets it"? Well, it's for certain that 'consumer protection' as practiced by the Fed has been and continues to be a very bad joke or worse.

So I've signed and you have a chance to sign the petition, too (if you haven't) and tell President Obama that we want Elizabeth Warren to serve as head of the Consumer Financial Protection Bureau!

On July 21, 2011 the bureau is required to be up and running, a deadline the GOP is play acting against. But let's not neuter its new and improved protections before the curtain rises. (To this American, agency would sound better than bureau.)

Well, the lady in question has a birthday coming up: Elizabeth Warren (nee Herring) born June 22, 1949 in Oklahoma City, Oklahoma (which supports her practical, direct-talking streak if I know my Oklahomans!)

So right away, you know that setting up a 'noon' horoscope for her is near the top of my next-up menu.

Jul 24, 2009

Consumer protection by the Fed? Hilarious!

As you know, the Fed is concerned about losing its authority to oversee consumer protection issues to a new agency set up for that specific purpose.

Considering the financial collapse of 2008, the wonky loans and other transactions pre-2008, and how things have been playing out in financial systems in the US and all over the globe, I cannot be the only one who wonders exactly when the Fed's protective "overseeing" on behalf of consumers occurred!

Yes, the Federal Reserve protects someone, but...consumers? If the Fed's most recent performance is what they call 'protection' then sign me up for an end to it - I'll take my chances without the high-flying financial "experts."