Prof. Elizabeth Warren, who is starting up the new U.S. Consumer Financial Protection Bureau, is either Joan of Arc or Joan Rivers — depending upon your point of view.
The conservative majority in the House of Representatives doesn’t want to take her seriously. They are actively undermining her new consumer agency through attempts to gut her funding. They’d like to incinerate the bureau, which was created in the landmark Dodd-Frank financial reform law last year.
Warren is one of my favorite patron saints. She’s fighting the good fight against steep odds. She’s trying to protect millions who don’t have a voice. She deserves our unqualified support.
The Harvard Law School Professor and banking watchdog knows first-hand how banking abuses have hurt American families. Her classic “Two-Income Trap” showed how middle class folks were sinking into poverty just borrowing to keep up with everyday bills.
In a time in which middle class income is flat and medical, housing and transportation bills are climbing, it’s nearly impossible for families to keep their heads above waters economically. Oil prices around $100 make matters worse.