Ms. Warren is a big supporter of Dodd-Franks's Consumer Financial Protection Bureau (CFPB). Guess what organization the CFPB is part of. That's right, the Federal Reserve. The same Fed that created the subprime bubble is supposed to protect the financial interests of consumers. HA! And Elizabeth Warren is selling this ridiculous lie.
During a Congressional hearing on the CFPB, Rep. Sean Duffy said the original name of Dodd-Frank was the "Wall Street Reform Act", but it should be changed to the "Main Street Reform Act" because the CFPB is placing costly regulations on community banks while doing nothing to reign in Wall Street. Rep. Mike Grimm told the CFPB director, "you should be medicated" if you think the CFPB is going to protect consumers. You can find links to this hearing in my post "Fraud and the Federal Debt".
http://www.dailypaul.com/277342 (Rand Paul: One person can make a difference)
http://www.StandUpForYourRights.me/?p=1264 (Fast and Furious hearing)
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