Prof. Warren, Please Meet Tim Geithner, Protector Of The Banks
Joan McCarter and David Dayen both highlight this Elizabeth Warren Op-ed on foreclosure fraud and her notion that the new Consumer Financial Protection Board. Warren writes:
[T]his mess might well have been avoided if the Consumer Financial Protection Bureau had been in place just a few years ago.
Excuse me, but this is simply not true. The main reason why this is not true is because Tim Geithner is the Treasury Secretary. To this day, Geithner has been against any and every measure that would assist homeowners and trouble banks in any way. It is hopelessly naive to believe that this Administration will do anything to help homeowners that would involve any pain for the banks so long as Tim Geithner has anything to sday about it..
Geithner is a corrupt incompetent who should be immediately fired.
Speaking for me only
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