Mitch McConnell Calls Elizabeth Warren’s Nomination a Potential ‘Serious Threat to Our Financial System’
Click here to view this media Mitch McConnell did his best to carry some water for Wall Street on this weekend’s Meet the Press when he called the potential nomination of Elizabeth Warren to head the Consumer Financial Protection Agency something that “could be a serious threat to our financial system”. And by “threat” I guess he means Wall Street and the banks not being allowed to screw over consumers at will. It’s simply astounding to me that Republicans were willing to go far enough to block her potential nomination and force a pro-forma session over the holiday to keep her from being a recess nominee to head the new agency when I think most of the country is well aware of just how badly Wall Street and the banks’ excesses have and are continuing to harm our economy . I guess you’ve to to hand it to them for staying on message if nothing else. They’re going to insist that government regulations are harming rather than helping our economy, logic and facts be damned and our compliant corporate media sure as hell isn’t going to call them out for it just as Gregory failed to do here with no follow up at all with his question to McConnell. GREGORY: Can I ask you two quick ones? Elizabeth Warren, who is supposed to head up this consumer bureau… McCONNELL: Mm-hmm. GREGORY: …the president’s appointment to do that, would you back her, or would you join Republicans who–to block her nomination? McCONNELL: Well, we’re pretty unenthusiastic about the possibility of Elizabeth Warren. We’re pretty unenthusiastic, frankly, about this new agency, and we’ve sent a letter to the president saying that some changes need to made–be made in the CFPB, the Consumer Financial Protection Board, because as it’s currently constituted, it answers to no one and, I think, could be a serious threat to our financial system.
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on May 31, 2011. Filed under