Tuesday, July 27, 2010

Tell Sens. Schumer and Gillibrand: Don't Let Wall Street Win

Can you call Sens. Schumer and Gillibrand? Tell them that voters support Elizabeth Warren for head of the Consumer Financial Protection Bureau, and that we're counting on them to stand up to Wall Street. 

Senator Charles Schumer
Phone: 202-224-6542

Senator Kirsten Gillibrand
Phone: 202-224-4451


Report your call
Dear MoveOn member,

Support is growing to nominate Elizabeth Warren to become the head of the Consumer Financial Protection Bureau, the new agency created by the financial reform bill dedicated to protecting consumers.  This weekend Senator Al Franken told progressives he would fight for her1, and The New York Times endorsed her as well, saying:

"The banks don't oppose Ms. Warren because she doesn't get it. They oppose her because she does."2

But we have to keep the momentum going. The next week could decide whether she's seen as a serious candidate or not. Senator Tom Harkin is circulating a letter of support for Warren,3 but he needs more senators to sign on to put Warren over the top.

Can you call Senators Charles Schumer and Kirsten Gillibrand and tell them to sign on to Sen. Harkin's letter? Tell Sens. Schumer and Gillibrand that voters support Elizabeth Warren to lead the Consumer Financial Protection Bureau, and that we're counting on them to stand strong against Wall Street. 

Here's where to call:

Senator Charles Schumer
Phone: 202-224-6542

Senator Kirsten Gillibrand
Phone: 202-224-4451

Then, please report your call by clicking here:

http://pol.moveon.org/call?tg=FSNY_1.FSNY_2&cp_id=1417&id=22072-10220574-dhYGx0x&t=2

Elizabeth Warren is a Harvard law professor, and a tough consumer advocate, and the idea for CFPB was hers to begin with.

Here's more from The New York Times explaining why her nomination is so important:

Ms. Warren—a bankruptcy expert at Harvard Law School, an Oklahoma native whose father was bilked of his savings by a business partner—developed the idea for the bureau in a 2007 article. Since then, as head of the panel that monitors the bank bailouts, she has become one of the nation's most prominent consumer advocates.

There are other candidates, of course. What Mr. Obama needs to recognize is that this particular job, at this particular time, is about more than competence. As the reform bill went through Congress, the banks were unrelenting in trying to kill or weaken the bureau. Having failed, they want influence in selecting its director.

Why are the banks opposed to Warren? Because they want to write the rules that Warren would help craft. Here's a quote from one of her appearances on The Daily Show:

"We're about to write the last chapter in the saga. The question is, are we going to have another boom and bust world, is it going to be that the CEOs on Wall Street write all the rules, or, are we going to say 'No, enough of that.'"4

Of course, Democrats can confirm Warren if they fight for it. And if it's a tough fight, it's exactly what voters need to see—so we know who will side with Wall Street and who will side with Main Street. Sens. Schumer and Gillibrand can lead the way starting now by signing on to Sen. Harkin's letter supporting Elizabeth Warren for head of the Consumer Financial Protection Bureau.

Can you call now?

Senator Charles Schumer
Phone: 202-224-6542

Senator Kirsten Gillibrand
Phone: 202-224-4451

Then, please report your call by clicking here:

http://pol.moveon.org/call?tg=FSNY_1.FSNY_2&cp_id=1417&id=22072-10220574-dhYGx0x&t=3

Thanks for all you do.

–-Nita, Daniel, Duncan, Kat, and the rest of the team.

1. "Elizabeth Warren" New York Times Editorial, July 25, 2010
http://www.nytimes.com/2010/07/25/opinion/25sun3.html

2. "Al Franken Endorses Elizabeth Warren For Consumer Protection Bureau" Huffington Post, July 24, 2010
http://www.moveon.org/r?r=89659&id=22072-10220574-dhYGx0x&t=4

3. "Harkin circulates letter backing Elizabeth Warren as consumer bureau head" The Hill, July 17, 2010


http://thehill.com/blogs/on-the-money/banking-financial-institutions/109369-harkin-circulates-letter-backing-elizabeth-warren-as-potential-consumer-bureau-head-


4. The Daily Show with Jon Stewart, January 26, 2010 


http://www.moveon.org/r?r=89567&id=22072-10220574-dhYGx0x&t=6


  

Want to support our work? We're entirely funded by our 5 million members—no corporate contributions, no big checks from CEOs. And our tiny staff ensures that small contributions go a long way. Chip in here.


PAID FOR BY MOVEON.ORG POLITICAL ACTION, http://pol.moveon.org/. Not authorized by any candidate or candidate's committee. This email was sent to eddie alfaro on July 27, 2010. To change your email address or update your contact info, click here. To remove yourself from this list, click here.

No comments:

Post a Comment