Elizabeth Warren’s departure

Posted: 3 August 2011 in Uncategorized
Tags: , , , , ,

Elizabeth Warren—who was first set up and then sold out by Obama, who suffered a smear campaign by the Wall Street Journal and who was accused of lying by Republican members of the House Oversight subcommittee, whom I compared to Leonard Horner and who was my candidate for the vacancy on the Supreme Court—sent a farewell note to the nearly 500 staffers she hired (including one of my former students) and inherited from other federal agencies when she stepped down from the Bureau of Consumer Financial Protection this past Friday.

Today is my last day at the Bureau. I leave this agency, but not this fight. The issues we deal with—a middle class that has been squeezed and business models built on tricks and traps—are deeply personal to me, and they always will be.

I will cheer as you open a new chapter in our ongoing push for a strong and independent CFPB. You can realize the vision of a 21st century government that holds law-breakers accountable and that enforces basic rules that make markets work honestly. An honest market will give companies that provide fair value to their customers a chance to flourish, free from competition with cheaters. And an honest market will give American families better information, better prices, and better products—and a chance to achieve real economic security. Now it’s up to you -– and I couldn’t be more hopeful about what lies ahead.

We now live in a country that has fallen so far Warren’s vision—in favor of honest financial markets—is considered too radical.

  1. Magpie says:

    Here in Australia we didn’t hear much about this lady.

    After reading your post, I searched a bit and it appears she is a most valuable person.

    For what’s worth, my best wishes and my plead that she may persevere in her struggle.

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