Dear MoveOn member,
Elizabeth Warren hasn't even been sworn in yet. She hasn't hired most of her staff. And already Wall Street lobbyists are scrambling to cut her off at the knees by keeping her off the Senate Banking Committee.
According to multiple sources, Wall Street "has been going nuts" to keep her off the committee.1 And it's not hard to see why. She's an expert on the issues. She has no conflicts of interest. She's PERFECT.
So we're launching an emergency campaign to counter Wall Street's attacks on Elizabeth Warren. The plan is for MoveOn members to rally state by state to make sure their own senators support putting Senator-Elect Warren on the Banking Committee.
If enough senators speak out, she'll be unstoppable. But we need to raise at least $175,000 to make it big. Can you chip in $5?
The bankers are afraid of her because they've tried to stop her and they can't. First they tried to block her from creating the Consumer Financial Protection Bureau. Then they spent millions trying to keep her out of the U.S. Senate.
Now, because of retirements, there are two seats open on the Senate Banking Committee. If she gets on, she'll be more powerful than ever—and the bankers are furious.
And if there's one person who should be on the Banking Committee, it's Elizabeth Warren. She's a bankruptcy law expert. She was the chief watchdog of TARP, the $700 billion taxpayer bailout of the U.S. financial system, giving her an unmatched view into its flaws. She was the architect of the Consumer Financial Protection Bureau.
As a member of the Banking Committee, she'll be able to cross-examine the big bank CEOs and make them finally answer the hard questions. More importantly, she'll be able to push regulators to fully enforce the Dodd-Frank Wall Street reform bill—including tough limits on reckless Wall Street trading, higher capital requirements, and rules forcing "too big to fail" banks to shrink.
This is Elizabeth Warren's first big fight, and we have to have her back—we fought too hard to get her in the Senate in the first place.
–Steven, Wes, Marika, Laura, and the rest of the team
1. "Big Banks vs. Elizabeth Warren: It's On (Again!)," Mother Jones, November 19, 2012
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