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Warren Says U.S. Political System Rigged by Special Interests
Key Excerpts from Article on Website of Bloomberg News
Posted: November 18th, 2013
http://www.bloomberg.com/news/2013-11-07/warren-says-u-s-pol...
U.S. Senator Elizabeth Warren said the political system is still rigged by lobbyists and special interests who work to keep the public in the dark. Ive been in the Senate for nearly a year and believe as strongly as ever that the system is rigged for powerful interests and against working families, Warren said. Warren, a critic of Wall Street, rose to prominence by highlighting tricks and traps of credit-card disclosures and creating [the Consumer Financial Protection Bureau (CFPB)] as part of the 2010 Dodd-Frank Act. Warren said despite progress by the consumer bureau and confirmation of its director after a two-year delay, lobbyists for the financial industry continue to fight it and consumer groups shouldnt let down their guard. We all know that the fight isnt over and that the lobbyists are still working to undercut the agencys work, Warren said. She compared the CFPB to government agencies that test the safety of physical products like cribs and paint, and said the bureaus work on the safety of financial products will become just as valued by the public. You tell me: When was the last time you heard someone call for regulators to go easier on companies that want to use lead paint on our childrens toys or leave the safety switches off toasters? Warren asked. The CFPB was designed from the very beginning to cut out tricks and traps in consumer finance and add transparency to the marketplace.
Note: For an excellent video showing the courage and forthrightness of Elizabeth Warren, click here. For more on government corruption, see the deeply revealing reports from reliable major media sources available here.
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