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Memo Pad

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How Republicans Put Elizabeth Warren In The Senate — And On The Banking Committee

December 4th, 2012 1:54 pm @LOLGOP

The unfortunate passing of Senator Ted Kennedy (D-MA), a lacklustre opponent, and a truck, all helped send soon-to-be former Senator Scott Brown to Capitol Hill. Republican Congressional obstruction motivated Elizabeth Warren, the woman who defeated Brown, to run for Senate.

Now, thanks to the GOP, Warren — one of the fiercest critics of Wall Street — will be watching over the nation’s largest financial institutions as a member of the Senate Banking, Housing and Urban Affairs Committee, according to The Huffington Post.

The consumer rights attorney and Harvard law professor rose to prominence when she began warning as far back as 2001 about an impending crisis caused by middle-class families overwhelmed with usurious debt.

In the immediate aftermath of the financial crisis, she was named chair of the Congressional Oversight Panel of the Troubled Asset Relief Program (TARP). She went on to serve as a special assistant to President Obama and special advisor to the Secretary of the Treasury for the new federal agency she conceived, the Consumer Financial Protection Bureau.

When Republicans vowed to block anyone the president named to serve as director of the CFPB, Warren supported former Ohio attorney general Richard Cordray’s recess appointment to the post. At that point, she began to set her sights on opposing Brown, the man who had voted for the Dodd-Frank bill that created the CFPB — but only after he made sure several concessions to Wall Street were put into the legislation.

Warren handily defeated the incumbent, a former town official, in one of most closely watched races of the 2012 election season. Now she will have direct influence over the regulators who monitor the big banks and will be completing many of the regulations called for by the Dodd-Frank reforms.

Her ascent to the Banking Committee is a huge win for progressives, who have championed Warren as an articulate and proven defender of working-class values. Daily Kos and other influential liberal forces were not content with just electing Warren, but insisted that the Senate Democratic leadership put her on the committee where her expertise can do the most good.

And  Warren’s rise is likewise a huge loss for Republicans, who cost themselves a seat in the Senate — and have quite unintentionally ensured some much-needed scrutiny of their friends and big donors on Wall Street.

Photo credit: AP Photo/Michael Dwyer



  • http://twitter.com/ru_ss Russ Taylor

    FYI: It’s much better for the GOP agenda if she is a senator and not director of the CFPB.

    • http://profile.yahoo.com/WZG5Z5FXVXAA5PRY2USFW3Q76Y Witnes This!

      REALLY?

  • agnessue

    Congratulations Sen. Warren.

  • http://www.facebook.com/dominick.vila.1 Dominick Vila

    I can’t think of a better choice for the banking committee. She will be an asset to the Senate and it will not be long before we see the effects of her knowledge and experience in policies and regulations designed to improve oversight over Wall Street and financial institutions.

    • Melvin Chatman

      AMEN!!

    • http://profile.yahoo.com/RCZFC5EWOXMNSWPUOXGEXKBW5Y ibincuft

      Did anyone else notice that George W. Bush spoke at an “investors” meeting in the Cayman Islands right at election time? His address probably anticipated the successful election of the very first acknowledged tax dodger (cheat?) to our presidency. They were that sure of themselves, were they?

      Such outcomes warm the heart of an old cynic like me.

      • http://www.facebook.com/fern.woodfork Fern Woodfork

        Ain’t That A Bitch!! What A Thing For An American President To Do!! That’s All The GOP/Tea Party Seems To Care About MONEY And How Much Of It They Can Hoard!!! Like I Said They Don’t Give A Damn About America Nor The American People!! Power, Control And MONEY Is Their Only Agenda!!!

        • http://www.facebook.com/harley.gibson1 Harley Gibson

          No, the TOP (whatever) also wants to do all kinds of social engineering aimed at making the USA into a model nation of Christian decorum.

          • http://www.facebook.com/fern.woodfork Fern Woodfork

            Yeah Right What They Want Is Another Third World Country Full Of Sweatshops Where The Rich Rein Over The Peasants!!!!

      • http://profile.yahoo.com/U2OGDJBA3QNNKEGRRVGTDEZEPU joan

        Yeah, I read about that at the time and was wondering why they made sure the press was locked out and given no information about anything in the meeting. I figured he was probably standing in for Mitt as he was quite busy that week. lol

  • http://twitter.com/MortAlcoil1 Mort Alcoil

    I am beginning to think that SHE might be our next best bet for Democratic front-runner for President.

    She’s smart, obviously has balls and seems to be someone with actual principles.

    • http://www.facebook.com/dominick.vila.1 Dominick Vila

      It is too early to tell, but if Hillary decides not to run, I think Elizabeth Warren may have a good shot at the nomination or, as a minimum, a VP candidate in 2016.

      • steve13565

        Admittedly, Elizabeth Warren does not have the foreign policy credentials of Hilary Clinton. However, as for the economy, Elizabeth Warren is head and shoulders above Hillary Clinton.

      • http://twitter.com/MortAlcoil1 Mort Alcoil

        Dominick; it also has a major upside – having a Woman Democrat in the White House would cause Limbaugh’s fat doughy head to explode.

        Was that a little uncharitable of me?? :-)

    • http://www.facebook.com/fern.woodfork Fern Woodfork

      Only If Hillary Don’t Run!! I Agree And There’s A Black Female Senator From Ohio She’s Great Also She Will Give The GOP/Tea Party Hell Cause This Woman Is Fearless!!!

      • http://www.facebook.com/dominick.vila.1 Dominick Vila

        I am very impressed with Rep. Wasserman Schultz. The Democrats have an outstanding group of female politicians in the Senate and the House. Hopefully we will not remain one of a few industrialized nations that never elected a female President or vice President very much longer. We already accomplished a major milestone, it is now time to build on it and put an end to an embarrassing injustice…regardless of what Messrs Akin, Walsh, Smith, Mourdoch, Limbaugh and all the other naenderthals have to say about it.

      • http://pulse.yahoo.com/_OLT3BBICDAFJXQAHHKXXLJUCH4 Stella53

        Nina Turner will be a force to reckon with in the near future. She has absolutely no fear in calling out the GOP. Clinton/Warren/Turner!

        • http://www.facebook.com/fern.woodfork Fern Woodfork

          Yes Shes A Strong Woman And That’s What The GOP/Tea Party Fears!!! No Stepford Wife There!!! LOL

    • kanawah

      Clinton/Warren or Warren/Clinton in 2016

  • http://pulse.yahoo.com/_TT6POTCLZCE74T76WAJIIIUAHU frida

    “They didn’t build that”! You can now let them get the message clearly. My congratulations to you Elizabeth.

  • http://pulse.yahoo.com/_EQ5LTH2XTZCVP7G4FGK6Z2YTJE ignore the facts

    As Democrats, we like to elect and support people who ACTUALLY ARE INTELLIGENT. We do NOT suport people like Akin and that otehr idiot who know nothing about science, but hold positions on science committees. This is a woman who means what she says, does what she says she’ll do, and has the intelligence and ability to do something for the rest of us who have no power. Thanks God for Eliz. Warren, and thank God for a president who values knowledge ant not tea party hate-mongers. I shed tears of relief on election night to see this president re-elected because it’s our only hope for any fairness at all in this country. Not to get to work to force some programs that are needed to get done. Like emphasis on solar and wind energy, on education, on job training…stuff that MATTERS. Not telling women how to live their lives.

  • CPANewYork

    This is definitely a step forward to cleaning the garbage out of Wall Street. Cleaning all of the garbage out may prove impossible, but it’s a start.

  • Progressive Patriot

    Very, very good news! Let’s keep her back!

  • http://pulse.yahoo.com/_B6RROC4IUESHT322QS5VJVPYRM Lynda

    She is just too smart for most of the boys to handle. She is going to be a good representative of her state and the country at large. A progressive voice that will be heard over the chatter.

  • http://www.facebook.com/profile.php?id=100000497860564 Paul VanDevelder

    Their nighmare just came to pass…all thanks to them, the gang that couldn’t shoot straight. I hope they don’t change anything!!!

  • flyfshr1cd

    Great News.

  • middleclasstaxpayer

    If liberals hate Wall Street so much, WHY do liberal Senators & Congressman (as well as current president) take Wall Street DONATIONS to their campaigns?????

    • lechtenberg

      Because if they didn’t take donations there would be no game.
      If they take donations from Wall Street, but continue to support a progressive agenda, I don’t have a problem with that at all.
      I wish we could take all the money out of our elections, until that happens, we have to deal with the world we live in.

    • http://profile.yahoo.com/WZG5Z5FXVXAA5PRY2USFW3Q76Y Witnes This!

      BECAUSE DUMBO IF THEY DID NOT THEY WOULD BE LIKE THE REST OF US – AT THE MERCY OF THEIR SELF RIGHTEOUS AUDACITY!

    • http://pulse.yahoo.com/_KWMCTLJJ2FHD3NPDJG6TAD467I Jesse Fell

      Excellent question. The answer is that to stay in the game, you have to play by the rules of the game — i.e., you have to raise large sums to run a competitive campaign. The main difference between Democrats and Republicans is that Democrats feel uneasy playing by the rules of the game, and Republicans see nothing wrong with it at all. You’ll see Democrats making proposals to change the rules — to end our system of legal bribery, or at least rein it in. You’ll never see Republicans making such proposals. It’s worth nothing that although Obama has taken campaign donations from Wall Street, he took a lot less in 2012 than in 2008, and that he raised a huge amount of campaign cash in small donations solicited over the Internet.

    • http://www.facebook.com/people/Jim-Myers/100001512942781 Jim Myers

      Replying to middleclasstaxpayer -

      Because if they are dumb enough to donate to the Democrats, why should the Democrats turn it down?

      As far as I am concerned, if the Koch brothers want to donate to the Democrats, I am all for it.

      • middleclasstaxpayer

        This behavior demonstrates petrfectly the type of character (actually LACK of charater) that liberals possess……demonize others, but happily profit from their supposed “evil deeds.” What a great example liberals are to the younger generation!

        • http://twitter.com/bigal953 Alandro Berry

          Democrats demonize others? You’ve got to be kidding. That seems to be the GOP’s main
          Strategy. So you think the Cons obstructions of anything that could help the recovery and being hateful is a great example for the younger generation.

  • Antonio Robles

    Wow! This is great! Someone who does not literally have… those things, is best to kick Wall Street in the groin. Good, they need a good one!

  • Dorothy Barnes

    Congrats. Elizabeth Warren

  • http://twitter.com/eztempo eztempo

    Yeah, so who’s yer buddy now, Blankfein?

  • http://twitter.com/drewbreess Drew Breesus

    Harry Reid put Warren on the Banking committee but at the same time put DINO Joe Manchin from WV. This guy is just has likely to vote with the GOP on critical issues.

  • adriancrutch

    I’ll never forgive Bill Clinton for repealling Glass-Steagall!

  • http://www.facebook.com/cindy.bevilacqua Cindy Bevilacqua

    Go get em Elizabeth….grrrrr

  • http://profile.yahoo.com/WZG5Z5FXVXAA5PRY2USFW3Q76Y Witnes This!

    BRAVO! LET US HOPE SHE KICKS BUTT WITH THE INTEREST LENDERS AND THIEVES ON WALL STREET!

  • ChristoD

    ;-) ;-) ;-) ;-)

  • DukeDacat

    Republicans, who cost themselves a seat in the Senate ………..”unintentionally ensured some much-needed scrutiny of their friends and big donors on Wall Street”………………..

    Is this how the Republicans govern in the US Senate? unintentionally, by accident, inadvertently, not deliberately, by coincidence ????????????

    No wonder with leader Mc Connell it is a “Do Nothing Congress”

  • kanawah

    The people win this one.

    Congratulations to Senator Warren

  • http://www.facebook.com/people/Jim-Myers/100001512942781 Jim Myers

    There is nothing a woman can do to screw things up any worse than men have already done.

    Congratulations, Senator Warren!!!

  • http://profile.yahoo.com/SDOPYQEXAFU6XM6TSMI2E3ZK7A craig

    i think that she will come in and kick some ass on the banksters and robber barons of wall st.

  • http://www.facebook.com/hotdee13milf Dee Miller

    On face value this sounds a welcomed event; Time will tell and it,s difficult to contemplate a politician of either party not in the back pocket of our esteemed Investment Banking Industry. I do Hope she meets the challenge and expectations.

  • ridemybroom

    get em liz……!!!!

  • http://profile.yahoo.com/BYDAIVJTZGBZ467TOPBA7MAE6E olafaux

    Professor Warren, God Almighty bless U!
    God bless America!

  • MollyBee64

    Hooray! Thank God the people saw through the lies of Scott Brown. Elizabeth Warren is a hero.

  • http://pulse.yahoo.com/_OLT3BBICDAFJXQAHHKXXLJUCH4 Stella53

    Congratulations, Elizabeth!

  • http://www.facebook.com/people/Colleen-Klemp/100002683878543 Colleen Klemp

    I also think that Pres. Obama should consider Former Senator Russ Feingold as an alternative choice for Secretary of State. He was an independent voice who has many foreign relations experience & I think it is one person that Senator McCain would approve.

  • LIHYOUNG

    PROMOTE FAIRNESS, FREEDOM, JUSTICE, PEACE, HUMANITY, PRODUCTIVITY, WELL-BEING OF GENERAL PUBLIC.
    RESOLVE SOCIO- POLITICAL ISSUES, BALANCING BUDGET. OPPOSE SO CALLED “FAIR ELECTION ACT” PUBLIC FINANCE MATCHING SMALL DONORS FUND- DO MORE HARM THAN GOOD, RESOUCES BENEFIT “BAD GUYS” AS USUAL. TASKS: TOP PRIORITIES: Society in vicious cycles as in need of revolution, we MUST act:

  • LIHYOUNG

    ACTION: PROSECUTE/ELIMINATE “MURDER-fraud- crime- injustice networks” (inc. officials, judges, developers, lawyers, employees, etc.); expand further unjust operation; endless unlawful- immoral acts; rob/destruct resources (rights, land, properties, home, buildings, assets, accounts, income, pension, documents, evidences; public, private; business, civic, political); frivolous litigation, levies, foreclosures, garnishment, guardianship, power of attorney; improper processing of complaints, procedures, proceedings, docketing, bookkeeping, accounting; cause vicious cycles: socio- political- election-media- budget- legislative- system problems; civil-human rights backwards; people-slave. Frequent recommendations/petitions to officials, agencies, law enforcement, local – federal; as individuals or with civic organizations. ** EXAMPLES OF PROBLEMS – “MURDER- FRAUD- CRIME- INJUSTICE NETWORKS”- with official misconduct, government gang- endless unlawful immoral acts:

  • LIHYOUNG

    Example of MURDER- FRAUD- CRIME- INJUSTICE NETWORKS: Leslie Gradet, Tamera Jones, William D Roessler; Offices of Treasury, Comptroller, Attorney Gneral: Joel Jacob/Jacobson, Gail Malle-Davis, Sylvia J. Brokos, Mary Hawse, Linda Tanton, Gerald Langbaum, John Barry, Pamela Porter, Leo F. Partridge, Mark Vulcan, Jamis Riley, James Britt, Audrey Thomas, Jeanne Lippy, Jesse Rosenburger, Ralph Lepson; transcribers Margaret Bauer, Senators: Walter Baker, Barbara Hoffman, Thomas Middleton, Trooper: Marty Sealey, Vincent Mass, State Election Board Ross Goldstein; Maryland DOEd Susan Page, Barbara Smith(?), SSA employees and supervisors (especially in Rockville, Md), and Bullivant (?, probably in N. J.; or other states). Lobbysts/ municipal attorneys/lawyers/affiliates, Paul Glasgow, David Venable, Joseph Stoltz, Jr., Barry Gordon, Stephen Perouka, David Steinberg, Wolpoff & Abramson, Richard D. Mirsky, Poppleton, Garrett & Polott, P.C., accountant Hilda K. Matijevic;

  • LIHYOUNG

    More ‘MURDER- FRAUD- CRIME- INJUSTICE NETWORKS: Marc Sliffman (Silver Spring, Wheaton area), Samuel White and his law firm and lawyers Shawn Bartley, Daniel Pesachowitz, Laura Jolly (phony person, named as “substitute trustee”, but can never be found or contacted even through official agencies); many court personnel and judges (District Court – Court of Special Appeals). Court Auditor Robert Romero. State, county health services organizations/ agencies, Department of Health and Human Services, Montgomery County Crisis Center, Jean Burgess (white, female), Marsha Aaron; Department of Aging; Adult Protective Services, Sherry Davis, Suzanne Lord (?), Odick Esq., Bonnie Klem, etc.; Suburban Hospital, physicians, emergency staff; social worker Jody Crecensi (?), case manager Patricia Grafferty (?), Robert Rothstein, M. D. (?), Tipp Woodward; Manor- Care in Potomac Maryland: Cheryl Paulson (?, administrator) and nurses, etc.; forensic services, Md Dept of Health and Mental Hygiene:

  • LIHYOUNG

    More of ‘MURDER-FRAUD- CRIME- INJUSTICE-NETWORKS include: Maryland Department of Health and Mental Hygiene: Jolie Smith; numerous psychologists, psychiatrists, social workers, etc.: Potomac Ridge Steven Israel, Collin, Gabriel (?); social worker Tracy Lewit; Springfield Hospital Center: forensic services, Kevin Knight, Dr. Valadez (refused to give full name, despite repeated requests); Carla Craville, Francoise Reynolds, Roxanne Heyman, Amy True; Judges James Sasfield, Gary Crawford, Cheryl McCally, etc., prosecutors/government attorneys, e.g., John McCarthy, Nunylny (?), Peter Mitchell (Montgomery County Office of Human Rights); District Court Commission (Rockville, Md) M. Dickerson; Court Personnel T.M. (only initials, no full name available); many judges, clerk of the courts (Jeffrey Ward, Loretta Knight, Bettie Skelton, Molly Rhul, etc.), other court personnel, various counties, states; local – federal; law enforcement, FBI; police e.g., in Rockville, Md. Sgt. Cowell

  • LIHYOUNG

    The problems are interrelated horizontally and vertically, among all issues, local- global. Clerks of the Circuit Court (Montgomery County, Md.) Loretta Knight, Bettie Skelton, Molly Rhul; District Court Clerk Jeffrey Ward, Administrative Judge Cornelius Vaughey, Sheriff Elliot Tolbert, etc. government attorney John McCarthy, Kristen Bender, court personnel, attorneys (public, private), law enforcement (FBI, sheriff, police, fire/rescue, etc., contractors) are part of the “:fraud- crime- networks: with spying, surveillance, harassment, unlawful search, stealing, robbery, injuries; false arrest, imprisonment, citation, trespass, testimony; withholding witnesses; destroy information, documents, evidence, etc. Further include: sheriff: R. Lewis (Female, White, Montgomery Countym Md.), K. Naff (white, male, Montgomery County, Md); fire and rescues (abuse, even no fire; conspiracy).

  • LIHYOUNG

    False/ unjust/ frivolous levies, liens, garnishment, guardianship, power of attorneys, foreclosure, tenant-hold-over- eviction, etc. Thousands of cases are pending in the court systems for years or even decades; believed to be filed by “fraud- crime- networks” to victimize people; without due process, proper services, proceedings; cause homelessness, poverty; not because of the problems of homeowners/citizens, but because of unjust judicial/court/legal personnel, court auditor Robert Romero as part of “official misconduct- government gang- fraud- crime- injustice networks”. Judges (unjust, irresponsible, judicially disabled) include Warren Donohue, John Debelius, Durk Thumpson, Ann Harrington, Louise Scrivener, Lawrence De Beard, Eric Johnson, James McKenna; District Judge Gary Everngam, Judge Gary Crawford; court personnel/ sheriff, attorneys, affiliated law firms; Sheriffs Earnest Turner, R. Lewis, K. Naff, etc.

  • LIHYOUNG

    Problems of privatization, irresponsibility, disabilities of government attorneys and judicial/legal/court personnel are very serious, expanding, local- nationwide- global; exporting injustice overseas; Rockville city, Montgomery County, Maryland state; New Jersey Monmouth County, Judge Robert McLeod (private attorney), Judge Patricia Bueno Cleary, Prosecutor (private attorney) Patrick Healy, police David D’Arcy.

  • LIHYOUNG

    Other people committed, conspired with police and fraud- crime- networks: Private attorneys: Robert McCarthy (Bethesda, Md.), Olivia Cammack (Silver Spring, Md.), David Slacker (Bethesda Md.); Ria Rochvarg (assigned as legal assistance provider to certain counties by Md. Department of Health and Mental Highgiene, but she went around the state for various abuses with Sherry Davis, Police Davis, etc. attorneys (public and private), Timonthy Adelman, Esq., (?) and law firms Adelman, Sheff and Smith(?, in Annapolis, Md), Robert McCarthy, Suburban Hospital, etc. Landlord/ landladies e.g., Jiewen Tan (Rockville, Md.) and Chia Yao (Gaithersburg, Md.) had been unjustly influenced/ conspired.

  • LIHYOUNG

    MURDER-FRAUD- CRIME- INJUSTICE NETWORKS inc. Montgomery County Council, Md, Nancy Floreen, Roger Berliner, Valerie Ervin; Sonya E. Healy, Esq. Legal counsel/Chief of staff (any relation to Patrick Healy, esq. in New Jersey??), Jackie Steward, council hearing coordinators/substitute; Md General Assembly, Jamie Raskin; U. S. Congress, Senate, legal staff; American U, administrative staff, security guard, students (4801 Massachusetts Ave., NW, DC); Catholic U; US Institute of Peace, conference organizers/ speakers.

  • 1standlastword

    This is just one of many recent events where “r”epublican obstruction backfired.

    This is a wonderful victory for hardworking honest Americans

    Congrats Liz!!