‘We got this agency by fighting, we stood it up by fighting, and if it takes more fighting to keep it strong and independent, then we can do it.’

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'We got  this agency by fighting, we stood it up by fighting, and if it takes more  fighting to keep it strong and independent, then we can do it.'
'We got this agency by fighting, we stood it up by fighting, and if it takes more fighting to keep it strong and independent, then we can do it.'

- Elizabeth Warren, assistant to the President and special advisor to the Secretary of the Treasury on the Consumer Financial Protection Bureau   

In her interview with Rachel last night, Warren pulled no punches about who the opposition is when it comes to fighting to protect Americans from predatory greed:

Two years ago, right about now, [President Obama] looked out and said the consumer agency, that’s what I want to put in financial regulatory reform.

  Over the next year, while everybody fought back and forth over the regular reform bill, there were a lot of offers on the table to get something else if you’d kill the consumer agency or if you’d weaken it.  He consistently said no.

And a year ago right now, this week, he signed into law a bill that made this consumer agency exist in a strong and independent way.

Now, since then, what’s happened is there are folks on Capitol Hill, Republicans in the Senate and the House, they voted against the bill to begin with – to they voted against the agency to begin with. They’ve introduced bills to try to cut our funding. They’ve introduced bills to try to make us less independent. They’ve introduced bills to try to make it so we’ve got a gummed up structure so we won’t be able to get anything done.  And they have introduced bills to flat out repeal us.

We need a director in place, that is the law, and we are not, not, not going to let the minority come in and dictate the terms of this agency, rip its arms and legs off before it’s able to help a single family.

 

'We got this agency by fighting, we stood it up by fighting, and if it takes more fighting to keep it strong and independent, then we can do it.'

Updated