Put Elizabeth Warren on Senate Banking Committee
- by: Susan V
- recipient: Senate Majority Leader Harry Reid
UPDATE: Success - Elizabeth Warren was assigned to the Banking Committee on Dec. 12!
Years before the economic crash, Elizabeth Warren tried her best to prevent the crisis by exposing the abuses that led to it.
Warren told PBS viewers in 2004 she’d set out to write a book about what she thought was overspending by two-income families. But instead she found out that these working families had less to spend than their “one-income parents had a generation ago."
Left to rely on credit, millions were being ruthlessly exploited by credit card and financial services Warren described as dangerous because of lack of regulation. Later as chair of the TARP panel, she continued to distinguish herself as an independent thinker and critic of exploitative banking practices.
Now a senator, Warren is exactly the person we need on the Banking Committee. However, says Daily Kos, corporate/Wall Street forces in the Senate Democratic Caucus want Warren “in a place where her ideas will have less power.”
Tell the Senate to put Elizabeth Warren on the Banking Committee!
We, the undersigned, want Elizabeth Warren in a position in Congress where she’ll finally have the means to protect consumers from financial exploitation.
Before the economic crash, when few, if any, were speaking out about the financial hardships working families faced, Warren was boldly and openly indicting modern credit card agreements for their 30 pages full of “tricks and traps.”
Later when the industry came under heavy public scrutiny and Warren was attacked because of her courageous stand, she held firm for regulation and reform. She continued to openly expose the industry’s tactics - like trying to come up with “the next Harry and Louise ad to explain to the American people why they’re better off with credit cards that nobody can read, hundreds of pages of mortgage documents that nobody can read…” They expected the public to just “forget all that stuff that happened over the last few years,” she told Rachel Maddow of MSNBC.
And despite the onslaught of attacks she faced as a candidate for the Massachusetts Senate, Warren didn’t give up. For over a decade she’s shown that she knows what she’s talking about, that she will stand up for working Americans and for fair regulation of banking practices, and, most important, she has the guts to speak the truth and stand by what is right.
Daily Kos says that putting “Warren on the Banking Committee would mean that someone who knows the financial industry inside and out as an outsider would actually serve on the committee.”
Especially at this critical time, we need Warren, more than anyone else, in this position. We insist you appoint Warren to the Senate Banking Committee.
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