Sunday, April 19, 2015

Elizabeth Warren to GOP: We know what you are up to and we ARE READY TO FIGHT.

http://www.ringoffireradio.com/2015/03/elizabeth-warren-to-the-gop-we-know-what-youre-up-to-and-were-ready-to-fight/

Earlier today, Sen. Elizabeth Warren spoke about the upcoming vote on the abysmal GOP budget proposal.
“A budget resolution is a statement of values,” Sen. Warren said, “and the Republicans have put their values on display with this resolution.”
“It was just a few years ago, 2008, that there was a major financial crisis in this country. People lost their jobs; people lost their homes; people lost their savings,” continued Warren. “And yet, the Republicans seem to have forgotten all that.”
The GOP’s budget guts financial regulations that were put in place after the financial meltdown — the worst since the Great Depression.
“A big part of that is the Consumer Financial Protection Bureau [CFPB],” said Warren. “After the crisis, people like Sen. [Al] Franken (D-MN) and Sen. [Jeff] Merkley (D-OR) were talking about the importance of getting a single agency that would be there to help level the playing field.”
“The idea was that we would develop a single agency and make that agency responsible for standing up for American families against the biggest banks in this country — make that agency responsible and accountable to the American people. And that’s exactly what we did.”
So far, the CFPB has forced big banks to return more than $5 billion directly to those customers they cheated, and “has scared off a lot of others from doing more cheating,” said Warren.

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