Our HERO, Eliz Warren, Dumped by Obama !

[Sandy: This is a courageous, brilliant woman whose hand at the helm of the Agency she created might have corralled and protected consumers' interests like nothing else! She should have been the one nominated by our President Obama as a recess appointment if he was afraid of the battle. We applaud her unruffled composure on CNN in a post-dump interview. As we mourn, she reminded us that the Agency has already been hamstrung to impotence by rules no other Agency is bound by!]

Congressman Who Harassed Elizabeth Warren Showered With Donations From Banks And Predatory Lenders

Source: Think Progress Congressman Who Harassed Elizabeth Warren Showered With Donations From Banks And Predatory Lenders By Lee Fang on Jul 18, 2011 at 2:10 pm Rep. Patrick McHenry (R-NC) gained infamy in May when he went on a childish tirade against Professor Elizabeth Warren, who is currently setting up the Consumer Financial Protection Bureau as a special adviser to President Obama. McHenry, a former College Republican hack, repeatedly accused Warren of lying about the agreed-upon time for testimony she gave before Congress. According to a ThinkProgress analysis of new campaign finance data released on Friday, McHenry received $63,800 from lobbyists and executives from banks, mortgage companies, payday lenders, pawn shop executives, and other predatory lenders in the last three months alone. Notably, much of the campaign donations from payday lenders came on a single day, April 20, 2011: – Advance America PAC: $10,000 on 4/20/11 – Dennis Bassford, CEO of the Seattle-based payday lender MoneyTree: $4,600 on 4/20/11 – Sarah Bassford: $2,700 on 4/20/11 – Community Financial Services Association of America PAC (trade association for payday lenders): $5,000 on 4/20/11 – Checksmart Financial LLC PAC, an Ohio-based payday lender: $2,000 on 4/20/11 – A. David Davis, CEO of Ohio-based payday lender Check-n-go: $2,000 on 4/20/11 – Jared Davis, CEO of Ohio-based payday lender Axcess Financial: $2,000 on 4/20/11 – Roger Dean, CFO of Axcess Financial: $500 on 4/20/11 – EZCORP PAC, a Texas-based payday lender: $2,000 on 4/20/11 – Natl Pawnbrokers Assoc. PAC: $2,000 on 4/20/11 The surge of payday lender money to McHenry on a single day suggests the congressman had a campaign party with opponents of Warren. The Consumer Financial Protection Bureau is tasked with policing and regulating dozens of predatory lending practices. A few weeks after the predatory lending campaign money started flowing to McHenry, he used the hearing with Warren to berate a leading consumer advocate. Read more: http://thinkprogress.org/economy/2011/07/18/271075/mche... /

PLEASE LEAVE A COMMENT NOW. THANK YOU.