Elizabeth Warren, Assistant to the President on Consumer Financial Protection Bureau , joined American Morning, Thursday to discuss being appointed to create the Consumer Financial Protection bureau, and what her priorities will be in creating the new organization.
i really hope she does her job. What the problem with most government watch dogs, is they allow some to get away with deciet and lies. I think it is called preferential treatment, depending on actions such as whom gave what in campaign money.
Couple years back, I went to some truck stop to buy gasoline. The girl ran my card. The guy told me that I had to use card at the pump. I said I did not know how to do that as it seemed to not work.They refused to help me. I had to buy my $15.00 worth of gasoline at another place. 3 days later, after my account had been charged with $100.00 pending, my account being 2 cents overdrawn, bounced three checks 3 times, Charges for over $550 bucks was added against my account, plus the people I wrote these checks to charges of another $150.00. The bank stated this was my fault. Took me 6 months to get back the $550, I had to write Attorney general. And still left in the lurch with $150.00 charges to other people of whom checks bounced. Just what is pending? I never bought or put my pin number on or put my signature on this, and, I wonder how many people got tagged with that pure corruption. The banks are out of control. .
Ms. Warren is definitely eliciting a lot of praise as she creates an agency that can regulate small-time consumer products. In reality, it is a loss for Americans and for finance reform as a whole because it can't or won't regulate the larger financial institutions that swapped out our treasury with toxic assets.
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