Thursday, February 28, 2013

A New Sheriff in Town!?

     Finally we have someone in Washington willing to stand up to the big banks.  Sen. Elizabeth Warren had some tough questions for the SEC, OCC, and other regulatory agencies.  Sen. Warren helped establish the Consumer Financial Protection Bureau and should have been appointed to lead it.  However, Big Finance used their lobbying power to prevent her confirmation.  I hope they regret that decision now.  Newly elected, Sen. Warren now sits on the Senate Banking Committee and Big Finance will have to answer to her.  Hopefully this is the beginning of a new era of accountability in the banking industry.

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