One-Time Warren Foe Now Pressuring Obama To Give Her Recess Appointment To Head Consumer Bureau-TPM

One-Time Warren Foe Now Pressuring Obama To Give Her Recess Appointment To Head Consumer Bureau
Brian Beutler | TPM
May 23, 2011, 3:04PM

<snip>

The head of the Oklahoma Banker's Association -- a one-time Elizabeth Warren skeptic who believed she was "akin to the Antichrist" -- is now asking President Obama to provide her a recess appointment to direct the new Consumer Financial Protection Bureau.

"I write to encourage you to appoint Elizabeth Warren as the first Director of the Consumer Financial Protection Bureau, and to do so with a 'recess appointment' at the first opportunity," wrote Roger Beverage -- President and CEO of the OBA -- in a May 19 letter to Obama, provided to TPM. "In light of the action taken by the forty-four senators who have stated they will oppose any nominee to serve as Director of the new Bureau unless certain changes are made to the Bureau's structure, I encourage you to wait no longer and give Elizabeth a recess appointment before the July 21st transfer date."

<And...>

Beverage has become the archetype for financial industry advocates whom Warren has won over. He and his colleagues had been led to believe that Warren "was akin to the Antichrist." But after meeting and working with her, he's thrown his full support her way, despite some continuing disagreements.

"As an advocate for "banks, I've not always agreed with some of her statements," Beverage wrote. "I have come to know her since her current duties began last September, and I am convinced she clearly recognizes the importance of community banks and small credit unions to the nation's economic recovery and how they fit into her vision to protect American consumers and their families. ... In my view she is far and away the best qualified person to lead it as it begins its historic mission."

<snip>

Link: http://tpmdc.talkingpointsmemo.com/2011/05/one-time-warren-foe-now-pressuring-obama-to-offer-her-recess-appointment-to-head-consumer-bureau.php

Full Letter Here: http://talkingpointsmemo.com/documents/2011/05/head-of-oklahoma-bank-assn-says-obama-should-recess-appoint-elizabeth-warren.php?page=1

:wow:

:kick:

Good for him. I hope Obama will do it.

We need her and big time.

Recommended.

What some of these people seem to be finally realizing is that the system cannot work without a strong regulatory system that assures rules are being followed and the playing field remains level for all parties. They may make bigger short term profits by gutting regulations, but when the economic engine stops working, their profit stream disappears along with our standard of living.

to show the American people that they care about protecting the people of this country

:rofl:
:hi:

All kidding aside I agree with you, but with the bought and paid for clowns currently in Congress theres no possibility they would get together and do something to help the bottom 98% of us.

Is it Elizabeth Warren or is it Obama?

Maybe it's time for a new booger man, or does that particular one impress the bumpkins they're trying to scare.

His name is Beverage? Really? I'll assume he's an adult Beverage.

Jokes aside, good news, go Elizabeth!