Huffington Post published an explosive story Thursday night reporting that Treasury Secretary Timothy Geithner is trying to block President Obama from appointing one of the best consumer watchdogs in the nation to lead the new Consumer Financial Protection Bureau created by Congress to rein in Wall Street.
As chair of the bailout oversight panel, Elizabeth Warren held Wall Street executives' feet to the fire and proved time and time again that she was not afraid to speak out.
Geithner is a Wall Street insider with long and deep ties to the financial industry. It's outrageous that he would try to sabotage the nomination of Warren, a respected Harvard professor who came up with the idea of establishing a Consumer Financial Protection Bureau in the first place. It's clear from his handling of the financial crisis that Geithner is more concerned with protecting his friends on Wall Street than standing up for consumers.
Many Americans are already wary of Geithner because of his handling of the financial crisis. Now many of us are outraged at his latest action. We can mount a public pressure campaign and win this fight but we need your help.
Our allies at the PCCC launched a campaign this morning supporting Elizabeth Warren. They've already started to turn the media narrative around and demonstrate that Americans want a real watchdog in charge of Wall Street regulation. If we can get thousands of petition signatures today we can counter Geithner's attempts to block her appointment.
If we fight back now we can make a difference. Help us create overwhelming momentum for Elizabeth Warren.
Tell Obama: "Elizabeth Warren has proven that she is willing to stand up to Wall Street on behalf of consumers and is the logical choice to lead the Consumer Financial Protection Bureau. Tim Geithner is a longtime Wall Street insider, and if he's recommending against Elizabeth Warren that's all the more reason to appoint her."
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